Bullboard - Stock Discussion Forum 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... see more

Add To Watchlist

TSX:LGO - Post Discussion

Largo Inc > Bushveld Minerals may have to suspend operations

View:

Post by kha341 on Apr 23, 2024 7:41am

Bushveld Minerals may have to suspend operations

Bushveld Minerals is one of the 3 primary V producers in the western world. The other 2 are Largo and Glencore-Rhovan.

Bushveld Minerals warns about suspension of operations as liquidity crunch worsens

Cash-strapped vanadium producer Bushveld Minerals may have to suspend operations because of a liquidity crunch and must secure further funding in the coming weeks to avoid this.

Bushveld CEO Craig Coltman commented Bushveld’s “extremely tight” working capital position had also been made worse by weaker vanadium prices which had dropped between 10% and 17% to date across different markets.

https://www.miningmx.com/top-story/56652-bushveld-minerals-warns-about-suspension-of-operations-as-liquidity-crunch-worsens/

Share Price = 0.575 GBX at 11:27hr London time.