Largo Resources (TSXV:LGO) announced the completion of the acquisition in its Maracas vanadium project in Brazil. Largo now owns 100% interest in its flagship property.
The company also reported that it has re-filed its October 26 technical report for Maracas 1 million tonne per year processing plant in Brazil, on recommendation from the Ontario Securities Commission, to ensure it meets NI 43-101 compliance standards.
Mark Brennan, President and CEO of Largo commented:
We are very pleased to finalize the acquisition of the remaining 10% interest in the Maracás Vanadium Project. As we continue to make significant progress with construction at the project and draw nearer to production and cashflow, we believe that securing this remaining interest is a significant benefit for the company and our shareholders.