Shareholder webcast and conference call with Ian Robertson, Co-Chair of the Board of Directors, Paulo Misk, President and CEO, Ernest Cleave, CFO and Paul Vollant, VP of Commercial will be conducted at 9:00 a.m. ET on Thursday, November 11, 2021 Largo Resources Ltd. will release its third quarter 2021 financial results on Wednesday, November 10, 2021, after the close of market trading. Additionally, the Company will ...
  • Shareholder webcast and conference call with Ian Robertson, Co-Chair of the Board of Directors, Paulo Misk, President and CEO, Ernest Cleave, CFO and Paul Vollant, VP of Commercial will be conducted at 9:00 a.m. ET on Thursday, November 11, 2021

Largo Resources Ltd. (" Largo " or the " Company ") (TSX: LGO) (NASDAQ: LGO) will release its third quarter 2021 financial results on Wednesday, November 10, 2021, after the close of market trading. Additionally, the Company will host a webcast and conference call to discuss its third quarter 2021 operating and financial results on Thursday, November 11 at 9:00 a.m. ET.

Details of the webcast and conference call are listed below:

Date:

Thursday, November 11, 2021

Time:

9:00 a.m. ET

Webcast Registration Link:

https://produceredition.webcasts.com/starthere.jsp?ei=1510027&tp_key=8437e02a6

Dial-in Number:

Local / International: +1 (647) 792-1241

North American Toll Free: +1 (866) 269-4261

Conference ID:

6358846

Replay Number:

Local / International: + 1 (647) 436-0148

North American Toll Free: +1 (888) 203-1112

Replay Passcode: 6358846

Website:

To view press releases or any additional financial information, please visit the Investor Relations section of the Largo Resources website at: www.largoresources.com/English/investor-resources

About Largo

Largo is a Canadian-based company that has historically been solely committed to the production and supply of high-quality vanadium products. The Company believes that the development and sale of vanadium-based electrical energy storage systems to support the planet's on-going transition to renewable energy presents both an attractive economic opportunity for the use of the Company's vanadium products and an opportunity to enhance the Company's sustainability. Consequently, the Company is in the process of vertically integrating its highly efficient vanadium production operations with its vanadium-based energy storage technology to create a unique competitive advantage in the rapidly growing long duration energy storage market. The Company is confident that using its VPURE TM and VPURE+ TM products, which are sourced from one of the world's highest-grade vanadium deposits at the Company's Maracás Menchen Mine in Brazil, in its VCHARGE± vanadium redox flow battery technology results in a competitive and practical long duration energy storage product.

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.largoresources.com .

Investor Relations:
Alex Guthrie
Senior Manager, External Relations
aguthrie@largoresources.com
Tel: +1 416-861-9797

News Provided by Business Wire via QuoteMedia

Update On ESG Technology Development

Update On ESG Technology Development

Vanadium Resources Ltd ("the Company" or "VR8"), is pleased to provide an update on its ESG technology acquisition. Following the acquisition of an integrated ESG processing technology (Refer ASX announcement 1 April 2021: VR8 to acquire integrated ESG processing technology by way of an earn-in JV, and capital raising), the JV company (TCM-VR) has successfully been registered in the Republic of Ireland (reg no 699830). This forms part of the earn in agreement, whereby the Company can acquire up to a 74% interest in an ESG integrated extraction, processing, refining and manufacturing technology developed by TCM Research Ltd (TCM), that innovatively utilises existing processing methodologies to produce battery grade Vanadium Pentoxide and high-end Vanadium products, including other products arising from the Steelpoortdrift Ore such as Iron, Titanium, Silicon and Aluminium, which are not currently extracted using conventional processing methods.

Keep reading... Show less
Strategic Resources Announces Granting of Options

Strategic Resources Announces Granting of Options

Strategic Resources Inc. (TSXV: SR) (the "Company" or "Strategic") announces that it has granted incentive stock options under the Company's stock option plan to certain directors, officers, employees and consultants of the Company to purchase up to an aggregate of 860,000 common shares of the Company. The options are exercisable at a price of $0.35 per share, will expire on November 16, 2026 and will vest in three equal parts over the first two years after grant.

About Strategic Resources

Keep reading... Show less

Largo Reports Third Quarter 2021 Financial Results with Net Income of $9.2 Million; Advances to Implement Largo's Complementary Value Propositions

All amounts expressed are in U.S. dollars, denominated by "$". Q3 2021 and Other Significant Highlights

  • Net income of $9.2 million, a 261% increase over Q3 2020; Basic earnings per share of $0.14
  • Revenues of $53.9 million, 96% higher than Q3 2020; Revenues per lb sold 1 of $9.10, a 69% increase over Q3 2020
  • Cash balance of $87.6 million exiting Q3 2021
  • Battery Development Funding: Largo Clean Energy ("LCE") selected to receive $4.2 million in funding from the U.S. Department of Energy ("DOE") to scale up U.S.-based manufacturing of flow battery and long duration storage systems
  • First Battery Sales Contract: On July 20, 2021, LCE entered into its first VCHARGE vanadium redox flow battery ("VRFB") sales contract with Enel Green Power España ("Enel"); LCE will deliver a 5 hour, 6.1 MWh VCHARGE system for a project in Spain and received a Notice to Proceed on July 30, 2021
  • 2020 Sustainability Report Released: Significant progress made on environmental, social and governance priorities in furthering the Company and vanadium's role in the global green economy
  • Total V 2 O 5 equivalent sales of 2,685 tonnes, a 16% increase over Q3 2020
  • Production of 3,260 tonnes (7.2 million lbs 2 ) of V 2 O 5 , a 5% increase over Q3 2020
  • Cash operating costs excluding royalties 1 of $3.53 per lb of V 2 O 5 vs. $3.14 per lb in Q3 2020
  • Solid Vanadium Demand: Average Fastmarkets European V 2 O 5 price of approximately $9.40 per lb in Q3 2021, a 76% increase over the average in Q3 2020
  • Corporate Name Change and Rebrand: In line with the Company's Board approved strategy to vertically integrate is foundational mining business and growing energy storage division, Largo announced that it has changed its name from Largo Resources Ltd. to Largo Inc.
  • Pre-Feasibility Study Results Released: On November 3 rd , 2021, the Company announced its technical report results outlining a significant expansion of V 2 O 5 production and reserves supported by new cash flow generation from titanium dioxide ("TiO 2 ") pigment co-product sales. The result is a 20-year mine life and a $2.0 Billion after-tax NPV 7% for the Maracás Menchen Mine
  • 2021 Production and Sales Guidance: Production guidance of 11,400 to 11,800 tonnes of V 2 O 5 equivalent; Sales guidance of 11,200 to 11,800 tonnes of V 2 O 5
  • UPDATED: The Company will host a webcast and conference call for its Q3 2021 results on Thursday, November 11th at 10:00 a.m. ET

Largo Inc. ("Largo" or the "Company") (TSX: LGO) (NASDAQ: LGO) today announces its third quarter 2021 financial results highlighted by revenues of $53.9 million and net income of $9.2 million. The Company recently announced results of a pre-feasibility study which forecasts materially increased profitability through enhanced access to vanadium and achieved important milestones in the development of its vanadium-based energy storage business.

Keep reading... Show less

Strategic Resources Provides Mustavaara Permitting and Testing Program Update

Strategic Resources Inc. (TSXV: SR) (the "Company" or "Strategic") is pleased to announce that it has transferred existing environmental permits for its 100% owned vanadium-iron Mustavaara project in Finland . The transfer was from the Ferrovan Oy bankruptcy estate to Strategic Explorations Oy and includes the environmental and water permits issued to Mustavaaran Kaivos Oy in 2016 by the Regional State Administrative Agency for Northern Finland (PSAVI). The water permit is scheduled to lapse in July 2022 and the environmental permit could lapse as early as July 2023 . Strategic plans to submit applications for extensions for both the water and environmental permits in early 2022. In addition, Strategic is working to submit its exploration license applications to transition its concessions from reservation status by early 2022.

On May 10, 2021 , Strategic announced starting a joint hydrometallurgical testing program on titanomagnetite concentrate from Mustavaara. A sulphuric acid-based method of extracting vanadium, iron, and titanium was tested. Although the process was successful in recovering all three metals in varying quantities, the vanadium recoveries and the sulphuric acid consumption on the initial test work would not allow the process to be commercially viable in Finland . Further test work and refinement may change these results; however, no additional test work is currently planned.

Keep reading... Show less

Largo Resources Announces Name Change to Largo Inc.; Reflects Strategic Focus of Becoming a Leading Vanadium Focused Energy Storage Company

Largo Inc. ("Largo" or the "Company") (TSX: LGO) (NASDAQ: LGO) is pleased to announce that it has completed a rebranding exercise to reflect the growth and diversification of its business. As part of this initiative, Largo has effective as of today, amended its articles in accordance with the Business Corporations Act (Ontario) to change its name from Largo Resources Ltd. to Largo Inc., updated its corporate logos and refreshed its corporate website to integrate its Largo Clean Energy business and become more than just a mining company. Largo remains focused on delivering high-quality, sustainable and innovative vanadium focused energy storage products along side its existing high quality vanadium products.

The Company's common shares are expected to begin trading on the Toronto Stock Exchange and the Nasdaq Stock Market under the new name at market open on or around November 10, 2021.

Keep reading... Show less

Enhanced Access to Vanadium and Profitability Indicated by Pre-Feasibility Study Strengthens Foundation for Strategic Commitment to Energy Storage Business

All amounts expressed are in U.S. dollars, denominated by "$".

  • Technical Report Outlines a Significant Expansion of V 2 O 5 Production and Reserves Supported by New Cash Flow Generation from TiO 2 Pigment Co-Product Sales and a 20 Year Mine Life for the Maracás Menchen Mine
  • $2.0 Billion After-Tax NPV 7% for Largo's Vanadium-Titanium Operations (including an increase of 12 years in mine life over the Company's 2017 filed technical report)
  • Value Generated By the Maracás Menchen Mine is Expected to Be Additive to the Potential Value Generated by the Company's Energy Storage Business Initiatives in the Long Term

Largo Resources Ltd. (" Largo " or the " Company ") ( TSX: LGO ) ( NASDAQ: LGO ) is very pleased to announce positive results of an updated mining plan to provide enhanced access to the vanadium needed for the Company to continue to execute on its energy storage transition strategy. An independent technical report (the " Technical Report ") is being prepared in respect of the Company's Maracás Menchen Mine in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (" NI 43-101 "). See Appendix A for additional details on the Technical Report.

Keep reading... Show less

Top News

Related News