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 > (Press Release) on our Stockhouse

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Comment by Clipper2on May 30, 2022 9:14am

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Post# 34716520

RE:RE:(Press Release) on our Stockhouse

Clipper2 wrote:

Drhoho wrote: a/o this Wednesday, 1 June, LGO obtains TSX NCIB approval to purchase for cancellation, over 1 year through 31 May, 2023, up to 10% of the float of 36,410,986 shares, or 3,641,098 shares, not to exceed 24,510 shares daily (25% of past 6 month average daily volume). 1st time I have seen a Press Release on Stockhouse site. Will be interesting to see initial market reaction to this news approval by TSX and then to follow and try to evaluate its market effect over this 12 month period of time. The overall effect on SP remains, more importantly, on Maracas production, V23 commodity market price, followed by the multiple LGO irons-in the-fire out there yet to materialize (LCE with VRFB, LPV, TiO2), or not. I am really glad that the BOD is getting TSX approval for share buyback, and can view it only positively.

"I am really glad that the BOD is getting TSX approval for share buyback, and can view it only positively.["

I totally agree doc.
GL

The Company believes that the market price of its Common Shares does not always adequately reflect its underlying fundamental value and future business prospects. The Company may purchase Common Shares from time to time under the NCIB if it believes that the market price of the Common Shares is attractive, and that the purchase would be an appropriate use of available corporate funds and in Largo’s best interest.

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