Regarding V2O3 Excerpt from the Technical Report issued in Dec 2021:
In order to enter the battery market and increase Largo’s market share in high purity sectors, Maracs Vanadium plant is commissioning a new reactor that transforms AMV into V2O3 as final product. This project should be concluded at the end of 2021. At that time Largo will be able to produce 5,000 tonnes of V2O3/year….
In Phase 2 (2024-2025)....The Company will also undertake an expansion
of the vanadium trioxide (the “V2O3 Plant”) plant in Maracs to double the Phase 1 capacity of 14 tonnes per day to 28 tonnes per day to support the Company’s Vanadium Re-dox Flow Battery (“VRFB”) deployment plans