By Jocelyn Aspa
Largo Resources (TSX:LGO) has announced that the syndicate of Brazilian commercial lenders under its existing debt facilities have agreed to temporarily waive the requirement that Largo inject a further $5 million in working capital into its operating subsidiary.
As quoted in the press release:
In connection with the granting of this temporary
Vancouver, British Columbia / TheNewswire / August 22, 2016 — Anfield Resources Inc. (TSXV:ARY,OTCQB:ANLDF), is pleased to announce that it has entered into a letter of intent (“LOI”) with Aileron Ventures Ltd. (“Aileron”) to identify and exploit the potential of the contained vanadium by-product resulting from the uranium production of
Anfield Resources Inc. (TSXV:ARY,OTCQB:ANLDF) announced as part of its asset review, has identified for consideration the vanadium potential of both its Velvet-Wood uranium property and its Henry Mountains uranium property.
Largo Resources Ltd. (TSXV:LGO) announced that its operating subsidiary, Vanadio de Maracas SA, has entered into definitive agreements for a new debt facility with its consortium of Brazil-based commercial banks.
Bushveld Minerals Ltd. (LSE:BMN) released a prefeasibility study (PFS) for the South Africa-based Mokopane vanadium project. The company holds a 64-percent stake in Mokopane.
Evraz Highveld has succumbed to the vanadium price storm and Largo is making adjustments to stay afloat. Meanwhile, Bushveld Minerals is moving forward with its project.
TNG Limited (ASX:TNG) announced that it has signed a non-binding memorandum or understanding with a vanadium redox-flow batteries manufacturer in the development plan for its Mount Peake project in the Northern Territory, as a potential offtake partner and to look at the feasibility of installing a VRB unit to help
Largo Resources has been steadily making progress at its flagship Maracas Menchen mine in Brazil. It achieved record production of 21 tonnes in a single day, or 81 percent of its capacity, in March and then established itself as a low-cost producer when it reported production costs of $3.91 per
Earlier this week, Evraz Highveld Steel and Vanadium filed for voluntary business rescue. While that’s bad news for the company, other players in the vanadium space could benefit.
A look at what happened to vanadium in 2014, as well as what 2015 may hold for the metal.
Credit Suisse Analyst Michael Slifirski sees something a lot bigger than a zero-sum game in minerals. In this interview with The Mining Report, he explains how a steady source of graphite and vanadium from outside China could create whole new markets for energy storage and aluminum anodes.
A Chinese construction industry could help boost vanadium and its price.
VanadiumCorp Resource Inc. (TSXV:VRB) is pleased to announce it has organized and helped sponsor the 2nd International Vanadium Symposium Honouring Professor Gilles O. Allard in conjunction with COM 2014, Conference of Metallurgists: http://web.cim.org/com2014/registration/RegHome.cfm.
Mining Weekly reported that according to Bushveld Minerals Ltd. (LSE:BMN), “the vanadium market is set to expand rapidly.”
Largo announced today that it has achieved first production at its Maracas project, marking what President and CEO Mark Brennan is calling the “most significant milestone in the Largo’s history.”
Syrah Resources is up nearly 30 percent today on news that commodities giant Glencore may be interested in taking it over.