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Largo Inc T.LGO

Alternate Symbol(s):  LGO

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

Comment by Bdragonfly17on May 04, 2021 3:09pm
128 Views
Post# 33124989

RE:New 52-wk high

RE:New 52-wk highAll,  from Yahoo board article today 

By Luciano Costa

SAO PAULO (Reuters) - U.S.-based Largo Clean Energy is preparing to produce batteries using vanadium extracted from northeastern Brazil, the company's chief executive said on Tuesday, in a bid to capture a chunk of the fast-growing renewable energy storage market.

The company, whose parent Largo Resources Ltd is mining the elemental metal in the Brazilian state of Bahia, is in advanced negotiations with potential clients, said Paulo Misk, CEO of the Largo group. He says the firm's vanadium batteries are lower cost and last longer than rival solutions, such as lithium.

 

"Our battery isn't competing with car batteries," he said in a video interview. "Our battery is meant to make renewable energy, particularly solar and wind, viable in the sense of making up 100% of the energy matrix."

While vanadium battery technology is not new, it is widely viewed as an up-and-coming industrial solution for renewable energy providers looking to scale up.

The energy storage market grew at a record pace in 2020, driven by the Asia-Pacific region, according to a report from Wood Mackenzie. The consultancy sees the Americas region becoming the industry's center by 2025, driven by activity in the United States.

The company should begin delivering its first vanadium batteries next year and is in conversations with potential clients in Europe, Australia and Africa, Misk said.

Largo Clean Energy was created in 2020 after Largo Resources acquired vanadium battery patents and hired specialists experienced with the technology.

Misk said Largo's vanadium batteries will have an effective life of 20 years, versus seven years for many lithium batteries. The company will offer leasing contracts to clients, in order to attend to shorter term commercial needs.

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