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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

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Post by kha341on Sep 10, 2023 1:07pm
189 Views
Post# 35628322

Strategic Review = a step in the right direction

Strategic Review = a step in the right direction

Largo Inc.'s board of directors has initiated a review and evaluation of strategic alternatives with the intent to unlock and fully maximize the value of Largo Clean Energy Corp. (LCE).

The comprehensive review and evaluation process will include consideration of a full range of strategic, business and financial alternatives, including, but not limited to, evaluating and completing financing transactions at the LCE subsidiary level, mergers and acquisitions of LCE with other battery companies, and partnership opportunities with well-established energy system producers that are interested in entering the vanadium battery sector with the unique elements that Largo offers to this industry.   

….

There can be no assurance that this process will result in any specific strategic plan or financial transaction and the company does not plan to provide updates on the status of the review unless there are material developments to report. 


Having said that the strategic review is a step in the right direction, I must add that we should be realistic in our expectation of the outcome. Personally I view this as a "better-late-than-never" salvage operation. But it’s just me.
Don’t forget that, after 8 months of negotiation, Largo has just failed to secure a joint venture agreement with the Italian firm Ansaldo Green Tech (AGT) for the Manufacturing and Commercial Deployment of VRFBs in the European, African, and Middle East Power Generation Markets. 

“AGT is a subsidiary of Ansaldo Energia S.p.A. (“Ansaldo Energia”), which operates in the field of renewable energy with a view toward innovation and with the goal of developing, manufacturing, installing and servicing products for the energy transition from traditional sources of energy to renewable forms of energy. AGT has an extensive knowledge of the European, North African, and Middle East markets in the field of the power generation. Ansaldo Energia is a leading international player in the power generation industry providing full-service solutions to its customers”.


My 2-ct
DYODD


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