Largo Resources: vanadium, ijzererts en titanium

1. DeZwarteRidder 21 oktober 2024 15:26

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   quote:

   Het mannetje van de radio schreef op 21 oktober 2024 15:03:

   Wel paradoxaal dat er sprake is van een 'oversupply' welke zorgt voor lagere prijzen en dat Largo toch 42% meer geproduceerd heeft.
   

   Ze hebben een grote eenmalige order gekregen.
2. DeZwarteRidder 11 februari 2025 08:58

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   Largo Inc. has added a new press release to its website:
   
   Largo Reports Q4 and Full Year 2024 Operational and Sales Results; Provides 2025 Outlook and Guidance
   
   All amounts expressed are in U.S. dollars, denominated by “$”.
   
   Q4 and FY 2024 Highlights
   
   Quarterly V 2 O 5 equivalent production of 1,775 tonnes (3.9 million lbs1 ) in Q4 2024 vs. 2,768 tonnes produced in Q4 2023; Decrease due to scheduled kiln and cooler maintenance
   Annual V 2 O 5 production of 9,264 tonnes (20.4 million lbs1 ) in 2024 vs. 9,681 tonnes in 2023; Within the Company’s 2024 annual production guidance range of 9,000 – 11,000 tonnes
   Quarterly global V 2 O 5 recovery of 77.9% in Q4 2024 vs. 79.4% achieved in Q4 2023; Annual global V 2 O 5 recovery of 76.4% in 2024 vs. 80.0% in 2023
   Quarterly sales of 3,033 tonnes of V 2 O 5 equivalent (inclusive of 8 tonnes of purchased material and 1,200 tonnes related to the Company’s vanadium inventory supply agreement) in Q4 2024, a 16% increase over the 2,605 tonnes in sold Q4 2023
   Annual V 2 O 5 equivalent sales of 9,600 (inclusive of 416 tonnes of purchased material and 1,200 tonnes related to its vanadium inventory supply agreement) tonnes in 2024 vs. 10,396 tonnes in 2023; Within the Company’s annual 2024 sales guidance of 8,700 – 10,700 tonnes
   Ramp up of the Company’s ilmenite concentrate production remains ongoing with 10,292 tonnes produced in Q4 2024 and 44,863 tonnes produced in 2024; Quarterly ilmenite concentrate sold of 10,570 tonnes in Q4 2024 and 42,916 tonnes sold in 2024
   In 2024, Largo increased mineral reserves by 67% and mineral resources by 64%, extending the Maracás Menchen Mine’s life to 31 years (the “Technical Report”), as detailed in its October 2024 Technical Report (see press release dated October 28, 2024)
   
   Vanadium Market Update2
   
   The average benchmark price per lb of V 2 O 5 in Europe was $5.34 in Q4 2024, a 21% decrease from the average of $6.46 seen in Q4 2023; The average benchmark price at December 31, 2024 was $5.37, a 22% decrease from the average of $6.53 at December 31, 2023
   The average benchmark price per kg of ferrovanadium in Europe was $26.10 in Q4 2024, a 2% decrease from the average of $26.62 seen in Q4 2023; The average benchmark price at December 31, 2024 was $25.38, a 13% decrease from the average of $28.70 at December 31, 2023
   Vanadium spot demand softened in Q4 2024, primarily due to weaker demand in the Chinese and European steel industries, while the U.S. steel market remained stable; Aerospace sector demand remained strong, and China’s energy storage sector is expected to drive additional consumption in upcoming quarters
   In 2025, U.S. steel demand is expected to remain stable, while European and Asian steel markets face continued softness; The aerospace sector is projected to see increased demand, particularly in the second half of 2025 and China’s energy storage market is expected to be a key driver of vanadium consumption as the sector continues to accelerate
   
   TORONTO--(BUSINESS WIRE)-- Largo Inc. (" Largo " or the " Company ") ( TSX: LGO ) ( NASDAQ: LGO ) today announces annual production of 9,264 tonnes (20.4 million lbs¹) of vanadium pentoxide (“ V2O5 ”) equivalent from its Maracás Menchen Mine and sales of 9,600 tonnes of V2O5 equivalent in 2024, alongside ongoing efforts to enhance operational efficiencies, expand mineral resources and reserves, and reinforce its position as a reliable supplier of high purity vanadium.
   Largo Reports Q4 and Full Year 2024 Operational and Sales Results; Provides 2025 Outlook and Guidance (Photo: Business Wire)
   
   Largo Reports Q4 and Full Year 2024 Operational and Sales Results; Provides 2025 Outlook and Guidance (Photo: Business Wire)
   
   Daniel Tellechea, Interim CEO of Largo, stated: “In 2024, our team remained focused on implementing operational efficiencies, cost reduction measures, and strengthening Largo’s position as a reliable, western vanadium supplier. The results of our updated Technical Report marked a significant milestone for Largo, increasing our mineral reserves by 67% and mineral resources by 64%, extending the Maracás Menchen Mine’s life to 31 years. While production in 2024 was impacted by lower ore grades derived from our open pit mine sequencing plans and maintenance efforts, we continue to take decisive steps to reduce costs and enhance operational efficiencies at the mine. These initiatives are designed to support future operational stability, though near-term production challenges remain as we continue to optimize operations by accelerating waste rock pre-stripping at the Maracás Menchen Mine.”
   
   He continued: “Our recent announcement regarding the formation of Storion Energy with Stryten Energy strengthens our strategic investment in vanadium-based energy storage and positions us to capitalize on the growing demand for long duration energy storage solutions. Looking ahead, our focus remains on reducing costs further, optimizing operational efficiencies, and ensuring disciplined execution of our mining plan. As we continue to implement these improvements, we expect to drive greater reliability in our operations going forward.”
   
   V2O5 equivalent production in Q4 2024 was 1,775 tonnes, representing a 36% decrease from Q4 2023 (2,768 tonnes) and a 42% decrease from Q3 2024 (3,072 tonnes). Production was impacted by the scheduled shutdown in November and December for the kiln and cooler refractory maintenance, as well as a reduction in ore grade, which was expected. While the maintenance process was completed, unforeseen challenges in the refractory replacement extended the timeline, further affecting production levels in Q4 2024. The Company took corrective measures to address these issues and remains focused on optimizing the overall efficiency of the kiln moving forward.
   Total ore mined in Q4 2024 was 476,742 tonnes, aligning with the 473,958 tonnes mined in Q4 2023. The effective ore grade3was 0.49% V2O5 in Q4 2024, lower than the 0.76% in Q3 2024 and 0.82% in Q4 2023. Global recoveries4in Q4 2024 were 77.9%, down 1.9% from Q4 2023 (79.4%). Monthly global recoveries4were 78.2% in October, 76.7% in November, and 78.1% in December.
   High purity vanadium products represented 26% of total production in Q4 2024 vs. 60% in Q4 2023.
   Ilmenite production continued its ramp-up in Q4 2024, reaching 10,292 tonnes, with 3,742 tonnes produced in October, 3,187 tonnes in November, and 3,364 tonnes in December. The Company continues to refine its processes to improve efficiency and throughput, with further optimization efforts underway as operations stabilize and quality enhancements take effect.
   
   2025 Guidance
   
   Tables summarizing the Company’s 2025 production, sales and cost guidance are provided below. The Company expects lower V2O5 equivalent production in Q1 2025, impacted by heavier-than-expected rainfall in early January and a slower-than-anticipated production ramp-up following the kiln and cooler refractory maintenance in Q4 2024.
   
   Largo remains focused on improving operational efficiencies and mitigating production challenges at the Maracás Menchen Mine. To support this, the Company continues to advance its productivity improvement initiatives, including a greater focus on mining efficiency aimed at enhancing mine fleet availability, strengthening contractor oversight, improving maintenance programs, and optimizing drilling and blasting techniques. These actions are designed to stabilize and enhance throughput in 2025 while supporting operational improvements at the Maracás Menchen Mine. However, lower ore grades and ongoing mine sequencing adjustments are expected to continue impacting production in H1 2025.
3. DeZwarteRidder 1 april 2025 13:31

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   Vancouver, BC – December 12, 2024 – Metallis Resources Inc. (TSX-V: MTS; OTCQB: MTLFF) (the “Company” or “Metallis”) is pleased to announce the over-limit antimony assays from the Company’s second field exploration program (the “Program”) at the Greyhound Property (the “Property”). The Property is a high-grade silver/gold/antimony project within the historic Stibnite (antimony mineral) Mining Camp, located in central Idaho, USA. This Mining Camp is currently the most important antimony region in the United States and is rapidly evolving into an integrated domestic antimony supply center. This has been exemplified recently with an agreement between Perpetua Resources and Sunshine Silver to explore the feasibility of utilizing Sunshine Silver’s permitted antimony plant in Idaho to process concentrates from Perpetua’s nearby Stibnite Gold Deposit (See news release here).
   
   At the Property, a total of 44 rock samples and 129 soil samples were collected during the Program with multiple high-grade antimony results being returned. These assays compliment the previously released silver, gold, lead, and zinc assays (See news release dated December 5, 2024). The Program also involved the assaying of underground material (historically collected by the property owner from the 1350’ zone) that included 2 buckets of Greyhound concentrates and 3 well-mineralized grab specimens1, both of which returned very high-grade silver/gold/antimony results that highlight the richness of this past-producing mine.
   
   Dave Dupre, Metallis’ VP of Exploration, commented, “The Greyhound Property continues to represent a significant untested resource for high-grade antimony, gold, silver, and associated metals. Results from this year’s inaugural field programs have produced high-grade assays from the Bulldog target and the 1350' zone, confirming the extent and quality of mineralization and highlighting its potential as a rich source of antimony. Combining these results with the promising historic concentrate results and other exploration opportunities at zones like Akita and Ridge Cut, this initial work supports advancing these targets to drill testing and unlocking this property’s full potential.”
   
   He went on to add, “2024 has seen a rapid rise in antimony prices underscoring its critical global importance. Antimony trioxide prices in Rotterdam surged 228% since January 2024, reaching US$39,000 per metric ton by late November. With tight supplies, driven by China’s declining reserves, and increasing demand for uses in batteries, semiconductors and armaments, the pressure to develop domestic supply is mounting. For the US, this is a pivotal moment. By supporting and advancing domestic projects and securing supply chains, we can reduce reliance on foreign production and support industries essential to energy transition and national security. This is why exploration companies like Metallis, and our exploration efforts, are so crucial right now.”
4. DeZwarteRidder 14 augustus 2025 16:29

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   Vanadium Market Update2
   
   Vanadium prices remain under pressure in Europe and China, due to continued low demand in the steel and infrastructure sector and an oversupply from Chinese and Russian producers
   The monthly average U.S. ferrovanadium (“FeV”) price has increased approximately 15% year-over-year to $14.70 per lb V in July 2025 and are holding approximately 7% higher than at the start of 2025; This continues to be supported by increased buying interest amid geopolitical tensions and policy shifts that have tightened supply dynamics
   The average benchmark price per pound of V2O5 in Europe was $5.13 in Q2 2025, a 13% decrease from the average of $5.93 seen in Q2 2024
   The average benchmark price per kg of FeV in Europe was $24.37 in Q2 2025, a 9% decrease from the average of $26.83 seen in Q2 2024
   As of August 12, 2025, the average benchmark FeV price per lb V was $14.70 in the U.S. (or approximately $30.86 per kg FeV), and as of August 8, 2025, the average benchmark price per pound of V2O5 was $5.23 in Europe
   
   Executive Order 14323 - Addressing Threats to the United States by the Government of Brazil
   
   On July 30, 2025, Executive Order 14323 was issued by the United States government, increasing tariffs on imports from Brazil from 10% to 50%, effective August 6, 2025
   As a result, the Company is evaluating the potential commercial impact on its vanadium product sales to U.S. customers, including high-purity and ferrovanadium products
   We remain committed to supporting the U.S. aerospace, defense, and steel sectors that rely on our high-quality vanadium for essential applications
   Largo remains as one of the few global vanadium producers capable of meeting the quality and reliability standards required by these industries and the Company deeply values its longstanding partnerships with U.S. customers
   Commercial adjustments, including a reassessment of the Company’s U.S. customer strategy, may be necessary if the current tariff regime remains in place
   
   TORONTO--(BUSINESS WIRE)-- Largo Inc. ("Largo" or the "Company") (TSX: LGO) (NASDAQ: LGO) today released financial results for the three months and six ended June 30, 2025. The Company reported quarterly vanadium pentoxide (“V2O5”) equivalent sales of 1,807 tonnes at an adjusted cash operating cost excluding royalties per pound5 sold of $3.18.
   
   Daniel Tellechea, Director and Interim CEO of Largo commented: "In Q2 2025, we continued to make meaningful progress in realigning our operations and cost structure, delivering a 17% reduction in total operating costs year-over-year. These improvements reflect the impact of our disciplined cost containment measures and operational stabilization efforts at the Maracás Menchen Mine.” He continued: “While vanadium market conditions remain subdued, we are taking proactive steps to strengthen our liquidity position. The $6 million secured loan provides near-term working capital support, and we continue to evaluate a range of options to enhance financial flexibility as we navigate this environment.”
   
   He concluded: “With production steadily normalizing and additional cost efficiencies being realized, we remain focused on optimizing performance and positioning Largo to respond effectively to both market recovery and evolving trade dynamics in key jurisdictions.”
5. Alpen 14 augustus 2025 23:42

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   The Strategic Landscape of the U.S. Ferrovanadium Market: An Analysis of Trade Policies, Corporate Dynamics, and Competitive Repercussions
   
   Interessant stuk afkomstig van Google Gemini met achtergrondinformatie over de impact van US tariffs op Largo, AMG Vanadium en overige producenten van ferrovanadium, en de - hier bekende - strategische positie van AMG.

   Bijlage:
6. Gijs T 15 augustus 2025 19:20

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   quote:

   Alpen schreef op 14 augustus 2025 23:42:

   The Strategic Landscape of the U.S. Ferrovanadium Market: An Analysis of Trade Policies, Corporate Dynamics, and Competitive Repercussions
   
   Interessant stuk afkomstig van Google Gemini met achtergrondinformatie over de impact van US tariffs op Largo, AMG Vanadium en overige producenten van ferrovanadium, en de - hier bekende - strategische positie van AMG.
   

   zeer interessant. Eenduidige conclusie is dat AMG's concurrentiepositie in de VS enorm verbetert. Ik houd mijn positie nog wel een tijdje aan.
7. Alpen 16 augustus 2025 09:55

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   quote:

   Gijs T schreef op 15 augustus 2025 19:20:

   [...]
   
   zeer interessant. Eenduidige conclusie is dat AMG's concurrentiepositie in de VS enorm verbetert. Ik houd mijn positie nog wel een tijdje aan.
   

   Zeker, waar mijns inziens wel rekening mee moet worden gehouden, en dat doet genoemde analyse niet, is dat volgens een langlopende overeenkomst 100% van AMG's ferrovanadiumproductie sinds 2019 wordt afgenomen door Glencore. En beide fabrieken in Ohio hebben een productieplafond.
   
   Maar een verhoogde ferrovanadiummarktprijs (mede ten gevolge van producenten die opgelegde importtarieven niet geheel of gedeeltelijk kunnen of willen absorberen, of ophouden te leveren), zal voor AMG vermoedelijk doorwerken in leveringen aan Glencore; ik neem aan dat die overeenkomst nog gewoon doorloopt en de marktprijs er een belangrijke rol in speelt.
8. Daardrinkenweop 16 augustus 2025 11:42

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   Financiële jaarverslagen laten zien dat dalende prijzen in 2024 (–23?% tov 2023) leidden tot lagere omzet en nettowinst in de vanadiumactiviteiten.
   Dat suggereert dat AMG minimaal een deel van zijn inkomsten direct beinvloedt worden door marktprijzen, lijkt mij?
   
   PS piekfijn verslag. Is dat verslag
   volledig door Gemini, en op verzoek van gebruiker, gegenereerd?
9. Alpen 16 augustus 2025 12:00

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   quote:

   Daardrinkenweop schreef op 16 augustus 2025 11:42:

   Financiële jaarverslagen laten zien dat dalende prijzen in 2024 (–23?% tov 2023) leidden tot lagere omzet en nettowinst in de vanadiumactiviteiten.
   Dat suggereert dat AMG minimaal een deel van zijn inkomsten direct beinvloedt worden door marktprijzen, lijkt mij?
   
   PS piekfijn verslag. Is dat verslag volledig door Gemini, en op verzoek van gebruiker, gegenereerd?
   

   Ja, de inhoud is op basis van mijn input en gebruikmakend van de Deep Research optie volledig door Gemini gegenereerd.
10. Daardrinkenweop 16 augustus 2025 13:28

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    Ongelooflijk, doet weinig onder aan published research van de big 3.
    
    Een universeel basisinkomen duurt niet lang meer.
12. Lamsrust 17 augustus 2025 09:22

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    quote:

    Daardrinkenweop schreef op 16 augustus 2025 11:42:

    Financiële jaarverslagen laten zien dat dalende prijzen in 2024 (–23?% tov 2023) leidden tot lagere omzet en nettowinst in de vanadiumactiviteiten.
    Dat suggereert dat AMG minimaal een deel van zijn inkomsten direct beinvloedt worden door marktprijzen, lijkt mij?
    
    PS piekfijn verslag. Is dat verslag
    volledig door Gemini, en op verzoek van gebruiker, gegenereerd?
    

    Tijdens de vorige vanadiumprijs boom (2017/2018) werd AMG eind 2018/begin 2019 geconfronteerd met enorme afwaarderingen op de vanadiumvoorraad. Hierop is strategisch geacteerd door met Glencore een overeenkomst te sluiten waarin werd afgesproken dat Glencore 100% van de productie zal afnemen tegen de dan vigerende vanadiumprijs (vermoedelijk met een afslag omdat Glencore immers verkoop risico loopt), zodat prijs risico voor AMG werd beperkt tot een periode van 3 maanden over een beperkte voorraad, namelijk die in productie. Zo heb ik het onthouden.
    
    Als de vanadiumprijzen stijgen in de US profiteert AMG daarvan middels het afname contract van Glencore. Door de 100% verkoop verplichting aan Glencore kan AMG echter niet op individuele basis inspringen op bepaalde marktkansen, bijvoorbeeld om US klanten die tot ingang Ex Order bij Largo kochten nu van vanadium te voorzien. Die rol vervult Largo, maar daar staat tegenover dat Largo verkoop en voorraad risico loopt in tijden van zwakke vraag.
13. T. Edison 17 augustus 2025 09:56

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    Helder verhaal Lamsrust, dank je.
    Ook dank voor dit interessante draadje.
14. Lamsrust 17 augustus 2025 10:52

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    quote:

    Alpen schreef op 16 augustus 2025 12:00:

    [...]
    Ja, de inhoud is op basis van mijn input en gebruikmakend van de Deep Research optie volledig door Gemini gegenereerd.
    

    Even algemeen:
    
    Dat is indrukwekkend. Het memo is uiteraard nog niet perfect, omdat bepaalde onderwerpen aangevuld/uitgediept kunnen worden. En de structurering kan wat beter - het onderwerp Executive order met gevolgen staat er meermaals in - maar het is een goede basis.
    Voor mij is wel duidelijk dat met AI de advieskantoren op gebied van consultancy, investment banking, accountancy, advocatuur en fiscaliteit door AI heel veel tijd gaan besparen in de dataverzameling. Dat geeft op termijn gevolgen, i.e. er zijn veel minder mensen nodig.
    Anekdotisch: 25 jaar geleden begon ik bij een (rechtsvoorganger van een) Zuid As kantoor met als eerste taak een memo voor een grote klant over de fiscale aspecten van een “ijzeren voorraadstelsel” dat de hele wetshistorie, jurisprudentie en publicaties in literatuur moest dekken. Daar heb ik toen 2 weken over gedaan gebruikmakend van databanken en boeken in de bedrijfsbibliotheek. Ik denk dat dat nu vele malen korter kan omdat AI al een goed basis memo kan maken dat op punten moet worden aangevuld. De Zuid As kantoren beschermen natuurlijk zo lang mogelijk hun winstgevende business, maar er zullen zeker partijen opduiken die bepaalde opdrachten tegen veel lagere kosten zullen aanbieden.
15. DeZwarteRidder 30 september 2025 14:26

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    Vanadium Production Update
    
    The Company is pleased to report sustained production levels during Q3 2025. In August 2025, the Company produced 931 tonnes of vanadium pentoxide (“V2O5”) equivalent, an improvement from 856 tonnes of V2O5 produced in July 2025. These results further reflect the progress of the operational turnaround program initiated earlier this year, which continues to deliver improvements in mine planning, equipment availability, and overall plant performance.
    
    Ilmenite expansion under installation and aiming for late October commissioning
    
    Largo produced 4,141 tonnes of ilmenite concentrate in July 2025 and 3,298 tonnes in August 2025 with TiO2 grades above 46%. In September 2025, the Company started the installation of additional flotation cell circuits to increase its capacity to 115,000mt from 42,000mt of ilmenite concentrate annually. The ilmenite circuit stopped production in September 2025 for the equipment installation and is currently expected to resume operations in November 2025, with a ramp up to the expanded production levels currently expected to occur by year end. Annual guidance of 25,000mt to 35,000mt of ilmenite production for 2025 is maintained.
    
    U.S. Sales Strategy Update
    
    The Company finances all of its inventory during transit and ferrovanadium conversion. The Company has recently been unable to deliver vanadium products under certain contracts due to the Company’s limited working capital. To address this situation, the Company had discussions with affected customers and is evaluating various other short-term financing solutions.
    
    On July 30, 2025, Executive Order 14323 increased tariffs on imports from Brazil to the U.S. from 10% to 50%, effective August 6, 2025. This tariff increase did not affect Largo’s ferrovanadium sales in the U.S., but is impacting Largo’s high purity vanadium sales contracts in the U.S. As a result of the tariffs and the short-term liquidity issues, the Company is seeking to renegotiate affected contracts and has resulted in delayed shipments and some defaults to U.S. customers. The Company has been actively lobbying the U.S. government to exempt vanadium products from tariffs on the basis that Largo’s high purity vanadium products are sold to customers in the titanium alloys and chemical industries, which are of critical strategic importance for the U.S. aerospace and defense industries.
    
    Corporate Update
    
    The Company is evaluating opportunities to unlock its ownership in tungsten projects, given that tungsten is deemed a critical material by multiple jurisdictions, including the U.S. and Canada. Largo owns 100% of the Northern Dancer tungsten-molybdenum project (“Northern Dancer”) in Yukon, Canada as well as its Currais Novos tungsten project (“Currais Novos”) in Brazil. Preliminary economic assessments were completed for Northern Dancer and Currais Novos in 2011. The Company is evaluating strategic alternatives for these assets to potentially unlock value.
    
    The Company believes Cirque Capital LLC is in default of its payment obligations to the Company in connection with certain factoring transactions. The Company is seeking an amicable resolution of the default but reserves all its legal remedies.
    
    Due to the current liquidity issues, Largo’s operation is at risk of operating disruptions given the accounts payables owed to its mining contractor and other suppliers. The Company is evaluating several financing alternatives in the near-term to address this issue.
    
    Going Concern
    
    This news release should be read in conjunction with the Company's interim consolidated financial statements and management discussion and analysis ("MD&A") for the three and six months ended June 30, 2025, which are available on SEDAR+ (www.sedarplus.ca) and the Company's website (www.largoinc.com). As disclosed in the Company's interim financial statements and MD&A released on August 12, 2025, the Company will require additional financing to repay its liabilities, support its working capital to fund operating activities, and continue to operate as a going concern. The Company is actively pursing financing options to raise additional capital. There is no assurance that these initiatives will be successful, timely or sufficient.
    
    Daniel Tellechea, Interim CEO of Largo, stated: “The Company continues to navigate its current liquidity issues and challenging market conditions following the implementation of Executive Order 14323 and the resulting 50% tariff on imports from Brazil affecting our high purity vanadium supply which is of critical importance for the U.S. aerospace and defense industries. While these tariffs and our current liquidity issues have resulted in delayed shipments and/or some defaults on certain vanadium sales contracts, we are actively evaluating options to increase liquidity and continue negotiating payment plans with our suppliers and contractors.” Mr. Tellechea added, “Our operational turnaround initiatives are delivering results with sustained production of vanadium pentoxide of 931 tonnes in August after 856 tonnes in July, reflecting the progress made in strengthening mine and plant performance”
    
    About Largo
    
    Largo is a globally recognized supplier of high-quality vanadium and ilmenite products, sourced from its world-class Maracás Menchen Mine in Brazil. As one of the world’s largest primary vanadium producers, Largo produces critical materials that empower global industries, including steel, aerospace, defense, chemical, and energy storage sectors. The Company is committed to operational excellence and sustainability, leveraging its vertical integration to ensure reliable supply and quality for its customers.
    
    Largo is also strategically invested in the long-duration energy storage sector through its 50% ownership of Storion Energy, a joint venture with Stryten Energy focused on scalable domestic electrolyte production for utility-scale vanadium flow battery long-duration energy storage solutions in the U.S.
    
    Largo’s common shares trade on the Nasdaq Stock Market and on the Toronto Stock Exchange under the symbol "LGO". For more information on the Company, please visit www.largoinc.com.
    
    Cautionary Statement Regarding Forward-looking Information: