Merger & Acquisition? After failing to attract new blood to replace the departure of the whole upper echelon executives of LCE, after being unable to negotiate a joint venture with Ansaldo Green Tech for the manufacture and commercial deployment of VRFBs and after realigning LCE’s critical resources to reduce up to 50% in costs, Largo is now looking for “alternatives to maximize value in the Clean Energy Transition''. Today's announcement sounds to me like an admission that Largo’s “mining pillar” alone will not be able to continue to support the company’s costly “energy storage vision”. Simply put: Largo has no choice but simply putting LCE on the block.
Imho, if management failed to secure the acceptance of the Enel VRFB system then the quest for new alternatives / partners would be extremely difficult.