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.

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Largo Inc

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Post by kha341on May 17, 2022 10:13pm

182 Views

Post# 34691217

Income Tax

I have always thought that a company’s income tax is calculated based on its earnings. In Q1-22 Largo net earnings before tax were only US$0.814M so I didn’t understand why they had to book US$0.602M as Income Tax Expense and US$2.166M as Deferred Income Tax Expense for a total of US$2.768M. That much tax for a tiny earnings of US$0.8M?