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 zutfieon Nov 16, 2023 5:35pm

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Post# 35740155

Largo Physical Vanadium

Largo Physical Vanadium Announces Initiatives to Reduce Expensesadium Corp.

TORONTO – Largo Physical Vanadium Corp. ("LPV" or the "Company") (TSX.V: VAND) (OTCQX: VANAF) announces that it has agreed to amend certain sections of its technical advisory agreement (“Technical Advisory Agreement”) with Largo Inc. (“Largo”) and advisory services agreement (“Advisory Services Agreement”) with SCP Resource Finance LP (“SCP”) and Term Oil Inc. ("Term Oil”) as part of initiatives to reduce the Company’s expenses.

Amendments to the Technical Advisory Agreement and Advisory Services Agreement include removing the requirement for the Company to pay any “transaction fees” to the applicable counterparty and removing the requirement to pay a portion of the Company’s storage fee profits to the applicable counterparty, in each case including as part of the calculation of the applicable termination fee under each agreement. Full details of such amendments can be found in copies of the amendments which will be filed under the Company’s profile at www.sedarplus.com.

About Largo Physical Vanadium Corp.

Largo Physical Vanadium Corp. (LVP) aims to provide a secure, convenient and exchange-traded investment alternative for investors interested in having direct exposure to physical vanadium, which is essential to achieve a greener world in key industries such as steel, aerospace and energy storage. Vanadium is non-degrading and fully recyclable when used as electrolyte in vanadium redox flow batteries (VRFBs) and offers carbon reducing attributes when used in steel alloying applications. LPV’s strategy is not only to achieve appreciation through the acquisition of vanadium, but to own and actively supply vanadium to end users of VRFBs to advance to integration of renewable energy in long duration storage. This strategy is integral to LPV’s business plan, as it necessarily defrays the costs associated with using vanadium in VRFBs through the unique non-degradation characteristics of the metal.

LPV’s common shares trade on the TSX Venture Exchange under the symbol "VAND”. For more information, please visit www.lpvanadium.com.