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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 Aug 26, 2024 11:18am
179 Views
Post# 36196062

Sanction against Russia Vanadium

Sanction against Russia Vanadium

https://home.treasury.gov/news/press-releases/jy2546




Excerpt


August 23, 2024

One day ahead of Ukrainian Independence Day, Treasury continues implementation of G7 sanctions commitments in support of Ukraine

WASHINGTON — Building on the sanctions already imposed on Russia in response to its continued war of aggression against Ukraine, today the U.S. Department of the Treasury and the Department of State targeted nearly 400 individuals and entities both in Russia and outside its borders—including in Asia, Europe, and the Middle East—whose products and services enable Russia to sustain its war effort and evade sanctions. The United States government will continue to support Ukraine as it defends its independence and hold Russia accountable for its aggression.



ANNEX 3: RUSSIA’S STRATEGIC METALS AND MINING SECTOR

The following Russia-based companies are involved in or provide services to Russia’s metals industry.

Russian metals and mining companies

The following Russia-based companies were designated pursuant to E.O. 14024 for operating or having operated in the metals and mining sector of the Russian Federation economy.

  • Aktsionernoe Obshchestvo Evraz Kachkanarski Gorno Obogatitelny Kombinat mines iron and metal ores and non-metallic minerals.

  • Aktsionernoe Obshchestvo Evraz Nizhnetagilski Metallurgicheski Kombinat (NTMK) is one of the largest integrated steel production plants in Russia. NTMK’s production and processing cycle includes coke production facilities, blast furnaces, steelmaking units, and seven rolling mills.

  • Aktsionernoe Obshchestvo Evraz Obedinenny Zapadno Sibirski Metallurgicheski Kombinat is the largest steel producer in Siberia.

  • Aktsionernoe Obshchestvo Evraz Vanadi Tula produces vanadium pentoxide that includes specific additive alloys for the manufacture of high-strength steel.




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