Welcome to our dedicated page for Largo news (Ticker: LGO), a resource for investors and traders seeking the latest updates and insights on Largo stock.
Largo Inc (LGO) operates at the intersection of traditional mining and renewable energy innovation, specializing in vanadium production and energy storage solutions. This news hub provides investors and industry observers with comprehensive updates on the company's operational developments, strategic partnerships, and market positioning.
Access authoritative reports on quarterly earnings, production milestones from the Maracás Menchen mine, and advancements in vanadium redox flow battery technology through Largo Clean Energy. The curated collection includes official press releases covering resource exploration updates, corporate governance changes, and commercial agreements within the steel and renewable energy sectors.
Key content categories include operational performance metrics, expansion initiatives in Brazil's mining sector, and technological developments in energy storage systems. Users will find detailed analyses of market trends impacting vanadium demand, particularly in infrastructure development and grid-scale battery applications.
Bookmark this page for streamlined access to Largo Inc's latest financial disclosures, sustainability reports, and strategic announcements. Regular updates ensure stakeholders maintain current understanding of the company's dual focus on mineral resource development and clean energy innovation.
Largo Resources Ltd. (TSX: LGO, NASDAQ: LGO) has secured a final short form base shelf prospectus, enabling it to distribute up to CAD$750 million in securities over 25 months. This includes shares, warrants, units, and debt securities, replacing an expired prospectus from March 2021. Additionally, the Company filed a revised annual information form for 2020 to address mineral reserve estimates and audit committee independence. The registration statement with the SEC is pending effectiveness, and no sales can occur until then.
Largo Resources Ltd. (TSX: LGO, NASDAQ: LGO) announces a virtual Battery Day webcast on June 9, 2021, at 10:00 a.m. ET. The event aims to highlight Largo's growth potential in the long-duration battery market and its VCHARGE± battery system technology. CEO Paulo Misk emphasizes the company’s unique vanadium integration as a competitive advantage, stressing the importance of transitioning to clean energy. Key management will present on various topics, including business and financial overviews and market opportunities. Pre-registration is encouraged for attendees.
Largo Resources Ltd. (TSX: LGO) reported first quarter 2021 financial results with revenues of $39.8 million from selling 2,783 tonnes of vanadium pentoxide equivalent. This reflects a 4% decrease from Q1 2020. Net income for the quarter was $4.1 million with basic earnings per share at $0.07, down from $4.3 million in Q1 2020. Operating costs increased to $28.2 million, while revenues per pound rose by 8% to $6.49. Despite production challenges due to shutdowns for capacity upgrades, the company anticipates improved outcomes by the end of Q2 2021.
Largo Resources Ltd. (TSX: LGO, NASDAQ: LGO) has appointed Dr. Bart Riley and Dr. Jeffrey Chamberlain as strategic advisors to enhance its Largo Clean Energy business. Dr. Riley brings over 30 years of experience in energy storage and technology commercialization, while Dr. Chamberlain has a strong background in product R&D and has led significant projects in collaboration with the U.S. Department of Energy. This move aims to strengthen Largo's position in the growing long-duration energy storage market, complementing recent board appointments.
Largo Resources Ltd. (TSX: LGO, NASDAQ: LGO) announces advancements in its clean energy division, focusing on scaling the manufacturing capacity of its VCHARGE± vanadium redox flow battery (VRFB) system. The company appointed Salvatore Minopoli as Vice President of Operations, responsible for executing the strategic growth plan. A manufacturing strategy was finalized, establishing a 1.4 GWh/year facility in Massachusetts and a location in New Hampshire for electrolyte production. The company is progressing with the certification processes for its VRFB system.
Largo Resources Ltd. (LGO) is set to release its first quarter 2021 financial results on May 12, 2021, following market close. A conference call will be held on May 13 at 11:00 a.m. ET to discuss the operating and financial results. Investors can dial in using local, toll-free, or international numbers, with a Q&A portal available for question submissions. Largo is a leading vanadium company focused on renewable energy storage solutions alongside its high-grade vanadium production.
Largo Resources Ltd. (TSX: LGO, NASDAQ: LGO) reported Q1 2021 production of 1,986 tonnes of vanadium pentoxide (V2O5), down 30% from Q1 2020, due to a planned shutdown for upgrades. The company expects to reach a new capacity of 1,100 tonnes of V2O5 per month by the end of Q2 2021. Despite challenges from COVID-19, demand from steel and chemical sectors remains robust, with a significant price increase in Europe during Q1. The company remains focused on its clean energy division and vanadium's role in energy storage.
Largo Resources Ltd. has announced the Board's approval for constructing a new ilmenite concentration plant, projected to begin commercial production in early 2023 with a capacity of 150,000 tonnes annually. This project is estimated to cost approximately US$25.2 million, primarily incurred in 2022. The Board's decision follows positive results from a pilot plant initiated in October 2019. CEO Paulo Misk emphasized this project as a strategy to diversify revenue streams while exploring additional value from mineral resources.
Largo Resources Ltd. reported strong 2020 financial results with revenues of $120.0 million from 10,254 tonnes of vanadium pentoxide equivalent. The company achieved a production record of 11,825 tonnes of V2O5 and the lowest cash operating costs of $2.56 per pound. Despite challenges from COVID-19, Largo surpassed sales guidance by 254 tonnes and ended the year with a cash balance of $79.1 million, becoming debt-free. The company aims for growth in 2021, focusing on its new clean energy division and an anticipated NASDAQ listing.
Largo Resources Ltd. (TSX: LGO) (OTCQX: LGORF) has announced the appointment of Ian Robertson to its Board of Directors. Alberto Arias, Non-executive Chairman, highlighted Robertson's significant contributions to the renewable energy sector, particularly at Algonquin Power & Utilities Corp., and his experience in overseeing sustainable energy initiatives. With over 30 years in global energy, Robertson's leadership is expected to enhance Largo's Clean Energy division, contributing to the company's commitment to sustainable development and renewable energy storage solutions.
FAQ
What is the current stock price of Largo (LGO)?
What is the market cap of Largo (LGO)?
