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. reports operating, commercial and financing developments for a primary vanadium producer with mining and processing operations centered on the Maracás Menchen Mine in Bahia, Brazil. News commonly covers V2O5 production and sales, ilmenite concentrate output, ore grades, recovery rates, mine access, cost controls, and demand conditions in steel, aerospace, defense, chemical and energy-storage markets.
Company updates also address tariff effects on Brazilian-origin vanadium products, ferrovanadium and V2O5 market conditions, by-product opportunities involving iron ore calcine, copper, platinum group metals, nickel and cobalt, and capital actions such as at-the-market common-share offerings. Largo also has exposure to long-duration energy storage through Storion Energy and discloses governance changes when management roles change.
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.
Largo Resources Ltd. (TSX: LGO, OTCQX: LGORF) announces a consolidation of its common shares, with a ratio of 1:10. This will take effect on March 8, 2021, and is aimed at facilitating a listing on the Nasdaq to enhance shareholder value and access to U.S. capital markets. Shareholders will receive details on converting their existing shares to post-consolidation shares. The consolidation will adjust outstanding options and warrants accordingly. The company remains committed to maintaining its TSX listing and is focused on advancing its clean energy initiatives.
Largo Resources Ltd. (TSX: LGO, OTCQX: LGORF) announced record operational results for 2020, exceeding annual sales guidance by 260 tonnes. The Maracás Menchen Mine achieved a production record of 11,825 tonnes of V2O5, marking a 12% increase over 2019. The company aims to produce 12,000-12,500 tonnes of V2O5 in 2021, with sales projected to rise by 22%. Largo is also focusing on its clean energy initiative, aiming to capitalize on the renewable energy storage market. Costs are expected to remain low, with cash operating costs between $3.10-$3.30 per pound sold.
Largo Resources Ltd. (TSX: LGO, OTCQX: LGORF) will hold a Special Meeting of Shareholders on March 1, 2021, with a Record Date of January 25, 2021. The meeting's purpose is to seek shareholder approval for a share consolidation of up to 1 post-consolidation share for 10 pre-consolidation shares. Concurrently, the Board is considering a potential U.S. listing to enhance access to capital markets and shareholder value, particularly for its Largo Clean Energy division, which focuses on vanadium redox flow battery solutions.