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Largo Resources Increases Interest in Its Maracas Vanadium Project
Mar. 16, 2010 03:12PM PST
Battery MetalsLargo Resources Ltd. (TSX VENTURE:LGO)reported that the company has acquired from Odebrecht S.A. and Vale S.A. an additional 33.5% interest in Companhia de Maracas (in consideration for a payment of US$5 million plus interest), which is the operating company and holder of its Maracas Project, Bahia State, Brazil.
Largo Resources Ltd. (TSX VENTURE:LGO)reported that the company has acquired from Odebrecht S.A. and Vale S.A. an additional 33.5% interest in Companhia de Maracas (in consideration for a payment of US$5 million plus interest), which is the operating company and holder of its Maracas Project, Bahia State, Brazil.
The press release is quoted as saying:
Largo Resources Ltd. is a Canadian natural resource development and exploration company with two advanced stage projects: the Maracas Vanadium-PGM deposit in Brazil and the Northern Dancer Tungsten-Molybdenum deposit in the Yukon.
Click here to access the entire press release