Largo Resources Ltd. is pleased to announce the first sale of iron ore from the Maracás Menchen Mine. The Company finalized a sales contract for 14,000 tonnes of iron ore to a leading steel producer on March 12, 2021. Transport of the contracted material has commenced, and full delivery is expected by the end of March 2021. To date in 2021, the [...]
Largo Resources Ltd. announces that, the Company, following a determination of its Board of Directors in accordance with the parameters authorized by the Company's shareholders at the Special Meeting of Shareholders held on March 1, 2021 , has filed articles of amendment implementing a consolidation of the Company's issued and outstanding common [...]
Largo Resources Ltd. announces voting results from its Special Meeting of Shareholders held on Monday, March 1, 2021 . The consolidation of the Company's Common Shares on the basis of up to one post-consolidation Common Share for every ten pre-consolidation Common Shares was approved by the Company's shareholders at the Meeting. A total of [...]
Largo Resources Ltd. is pleased to announce that it has prepaid in full all of its outstanding credit facilities in Brazil that were scheduled to mature on March 12 and March 18, 2021, respectively. The Company completed the prepayment of $24.8 million in aggregate principal amount between the dates of January 29 and February 3, 2021, plus accrued [...]
Largo Resources Ltd. is very pleased to announce that it has achieved record quarterly and annual 2020 operational results at the Maracás Menchen Mine and has exceeded its 2020 annual sales guidance by 260 tonnes. Building upon the operational and sales accomplishments in 2020, management is confident in its ability to deliver on its production [...]
Largo Resources Ltd. announces that it will hold a Special Meeting of Shareholders on Monday, March 1, 2021. The Company has set the Record Date for the Special Meeting on January 25, 2021. The purpose of the Special Meeting is to seek authorization from the Company’s shareholders to enable the Board of Directors to consider a consolidation of the [...]
Largo Resources Ltd. announces a correction its press release dated December 8, 2020 regarding the warrant exercise price issued in connection with the asset purchase agreement dated effective November 25, 2020 pursuant to which it has now acquired certain assets of VionX Energy, including 12 patent families out of an assignment for the benefit of [...]
Launch of Largo Clean Energy creates an industry-leading, vertically integrated vanadium redox flow battery business to provide clean energy storage systems to the fast-growing, long-duration renewable energy storage market Acquisition of 12 patent families previously owned by VionX Energy Corp. with coverage in key jurisdictions to enable Largo [...]
Except as otherwise set out herein, all amounts expressed are in thousands of U.S. dollars, denominated by "$" Q3 2020 Highlights Solid financial position: Cash at September 30, 2020 totaled $74.9 million Revenues of $27.5 million, an increase of 14% over Q3 2019 Revenues per pound sold7 of $5.37, a 34% increase over Q3 2019 Net income of $2.6 [...]
Shareholder conference call with Paulo Misk, President and CEO, Ernest Cleave, CFO and Paul Vollant, Director of Sales and Trading will be conducted at 10:00 a.m. ET on Friday, November 13, 2020. Largo Resources Ltd. will release its third quarter 2020 financial results on Thursday, November 12, 2020 after the close of market trading. Additionally [...]
Record V2O5 production of 3,092 tonnes in Q3 2020, a 5.0% increase over Q3 2019 Total sales exceeded production levels in August and September 2020 for the first time since commercial independence, highlighting successful rollout of the Company's strategy Record global V2O5 recovery rate2 of 84.2% in Q3 2020, an increase of 8.0% over Q3 2019 2020 [...]
Highlights Production of 2,562 tonnes of V2O5, an increase of 2.0% over Q2 2019 Two consecutive months of V2O5 production above nameplate capacity: 1,052 tonnes in May 2020 and 1,030 tonnes in June 2020 Global V2O5 recovery rate2 of 80.8%; Second quarter of strong global recoveries in 2020 Solid financial position: Cash at June 30, 2020 totaled [...]