Largo Inc T.LGO

Alternate Symbol(s): LGO

Metals & Mining Industrial Metals & Minerals

Largo Inc. is a Canada-based producer and supplier of vanadium products. The Company’s segments include sales & trading, mine properties, corporate, exploration and evaluation properties (E&E properties), Largo Clean Energy and Largo Physical Vanadium. Its VPURE and VPURE+ products, which are sourced from one of the vanadium deposits at the Company's Maracas Menchen Mine in Brazil. The Company is also focused on the advancement of renewable energy storage solutions through Largo Clean Energy and its vanadium redox flow battery technology (VRFB). The Company is also engaged in the process of implementing a titanium dioxide pigment plant using feedstock sourced from its existing operations, in addition to advancing its United States-based clean energy division with its VCHARGE vanadium batteries. VPURE+ Flakes are used in the production of master alloys, where it provides high strength-to-weight ratios for the titanium alloy and aerospace industries.

TSX:LGO - Post by User

Largo Inc

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Post by SKiamforsureon Dec 08, 2020 8:56am

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Post# 32056540

Largo Resources Launches Largo Clean Energy; Creating a Lea

Launch of Largo Clean Energy creates an industry-leading, vertically integrated vanadium redox flow battery ("VRFB") business to provide clean energy storage systems to the fast-growing, long-duration renewable energy storage market
Acquisition of 12 patent families previously owned by VionX Energy Corp. ("VionX Energy") with coverage in key jurisdictions to enable Largo Clean Energy to deploy VionX Energy's battery systems under Largo Clean Energy's VCHARGE± branding
Onboarding of core technical team members previously employed by VionX Energy with decades of VRFB expertise
Over US$150 million of investment by VionX Energy in commercially proven VRFB technology and operational optimizations
VCHARGE± System: Combination of patented VRFB electrolyte processing technology, utilization of industry-leading flow battery stack technology and supply of Largo's high purity vanadium required in the manufacturing of vanadium electrolyte will result in unparalleled competitive advantages
Provides Largo Resources with additional commercial and growth opportunities for its high purity vanadium products at attractive overall economics
Aligned with Largo Resources' goal of contributing to a lower carbon future through the advancement of renewable energy storage deployments worldwide
Opportunity to significantly increase additional shareholder value
Webcast and conference call to discuss Largo Clean Energy and VCHARGE± technology transaction: Wednesday, December 9, 2020 at 10:00 a.m. ET