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1.79
-0.03
(-1.65%)
Closed July 14 3:00PM
1.795
0.005
(0.28%)
After Hours: 6:59PM

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Key stats and details

Current Price
1.79
Bid
1.73
Ask
5.44
Volume
30,869
1.77 Day's Range 1.82
1.38 52 Week Range 4.76
Market Cap
Previous Close
1.82
Open
1.77
Last Trade
162
@
1.79
Last Trade Time
Financial Volume
US$ 55,343
VWAP
1.7928
Average Volume (3m)
80,501
Shares Outstanding
64,072,000
Dividend Yield
-
PE Ratio
-3.78
Earnings Per Share (EPS)
-0.47
Revenue
199.05M
Net Profit
-30.34M

About Largo Inc

Largo Inc is committed to the production and supply of high-quality vanadium products. The Company is also focused on the advancement of renewable energy storage solutions through Largo Clean Energy and its vanadium redox flow battery technology. The Company is engaged in the mining, exploration, an... Largo Inc is committed to the production and supply of high-quality vanadium products. The Company is also focused on the advancement of renewable energy storage solutions through Largo Clean Energy and its vanadium redox flow battery technology. The Company is engaged in the mining, exploration, and development of mineral properties, primarily in Brazil, through which it produces and supplies vanadium products VPURE Flake, VPURE+ Flake, and VPURE+ Powder. Show more

Sector
Misc Nonmtl Minrls, Ex Fuels
Industry
Misc Nonmtl Minrls, Ex Fuels
Headquarters
Toronto, Ontario, Can
Founded
1970
Largo Inc is listed in the Misc Nonmtl Minrls, Ex Fuels sector of the NASDAQ with ticker LGO. The last closing price for Largo was US$1.82. Over the last year, Largo shares have traded in a share price range of US$ 1.38 to US$ 4.76.

Largo currently has 64,072,000 shares outstanding. The market capitalization of Largo is US$116.61 million. Largo has a price to earnings ratio (PE ratio) of -3.78.

LGO Latest News

Largo Announces a Proposed Joint Venture with Stryten Energy to Bring Innovation and Scale to North American Vanadium Flow Battery Market

New Relationship Would Establish Integrated Supply Chain for Vanadium and Vanadium Electrolyte Manufacturing; Support Growing Demand For Long-duration Energy Storage Solutions Largo Inc. (TSX:...

Largo Provides Update on the Ongoing Exploration Program Surrounding its Maracás Menchen Mine in Brazil

The Company is working to establish a correlation between the known mineralization intercepted from Novo Amparo North (“NAN”) to the Campbell Pit with the goal of opening a potential mineralized...

Largo Reports Third Quarter 2023 Financial Results; Announces First Commercial Shipment of Ilmenite as By-Product of its Vanadium Operations in Brazil and Validation of its 6 MWh Vanadium Redox Flow Battery to Operate on Test Conditions in Spain

All amounts expressed are in U.S. dollars, denominated by “$” Largo Inc. ("Largo" or the "Company") (TSX: LGO) (NASDAQ: LGO) today announces its third quarter 2023 financial results. This press...

Period †ChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.05-2.717391304351.841.91.71571931.79821271CS
4-0.19-9.595959595961.982.08991.69563891.88860741CS
120.3726.05633802821.422.31.39805011.86465501CS
26-0.59-24.78991596642.382.551.38744231.82593877CS
52-2.7-60.13363028954.494.761.38723472.32390014CS
156-13.76-88.488745980715.5517.10521.38813587.22747319CS
260-14.99-89.332538736616.7818.71031.38865288.30511655CS

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LGO Discussion

View Posts
Slashnuts Slashnuts 5 months ago
Vanadium Key To Capturing Carbon From Air...
https://phys.org/news/2024-02-vanadium-key-advance-capturing-carbon.html
Good Luck To All!$!$
👍️0
Slashnuts Slashnuts 2 years ago
Lithium/Vanadium Battery Breakthrough A Game-Changer...

"This finding could drastically reduce battery costs. The development of practical high-performance solid-state batteries can also lead to the development of advanced electric vehicles."

“In the future, for instance, it may be possible to fully charge an electric vehicle in as little as five minutes.”

The research team tested this new positive electrode material in an all-solid-state cell by combining it with an appropriate solid electrolyte and a negative electrode. This cell exhibited a remarkable capacity of 300 mA.h/g with no degradation over 400 charge/discharge cycles.
“The absence of capacity fading over 400 cycles clearly indicates the superior performance of this material compared with those reported for conventional all-solid-state cells with layered materials," A/Prof. Sharma says.

The material the research team focused on was Li8/7Ti2/7V4/7O2, a binary system composed of optimised portions of lithium titanate (Li2TiO3) and lithium vanadium dioxide (LiVO2). When ball-milled down to an appropriate particle size in the order of nanometers, this material offers high capacity thanks to its large quantity of lithium ions that can be reversibly inserted and extracted during the charge/discharge process.

Unlike other positive electrode materials, Li8/7Ti2/7V4/7O2 has a special property that makes it stand out: it has nearly the same volume when fully charged and fully discharged. The researchers analysed the origin of this property and concluded that it is the result of a fine balance between two independent phenomena that occur when lithium ions are inserted or extracted from the crystal.

On one hand, the removal of lithium ions, or ‘delithiation’, causes an increase in free volume in the crystal, which makes it shrink. On the other hand, some vanadium ions migrate from their original position to the spaces left behind by the lithium ions, acquiring a higher oxidation state in the process. This causes a repulsive interaction with oxygen, which in turn produces an expansion of the crystal lattice.
“When shrinkage and expansion are well balanced, dimensional stability is retained while the battery is charged or discharged, i.e. during cycling,”

https://newsroom.unsw.edu.au/news/science-tech/scientists-develop-long-life-electrode-material-solid-state-batteries-ideal-evs

Good Luck To All!$!$
👍️ 1
nowwhat2 nowwhat2 2 years ago
one OF THESE DAYS, SHOULD BE A BUYING OPORTunity....

https://www.fastmarkets.com/insights/large-scale-electric-car-charging-risks-overloading-power-grids-battery-innovator
👍️0
Slashnuts Slashnuts 3 years ago
Vanadium: What Investors Need To Know...

Largo is mentioned...

Lithium-vanadium batteries are being tested by auto companies.
Lithium-vanadium batteries have the highest energy density.



Good Luck To All!$!$
👍️0
douginil douginil 3 years ago
Largo Resources Provides Operational Update; Reports Strong V2O5 Production of 3,260 Tonnes in Q3 2021

Oct, 20, 2021

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

- V2O5 production of 3,260 tonnes (7.2 million pounds1) in Q3 2021, a 5% increase over Q3 2020 and 6% above Q2 2021
- Total V2O5 equivalent sales of 2,685 tonnes in Q3 2021, a 16% increase over Q3 2020 and 11% below Q2 2021 due to logistical challenges
- Largo Clean Energy (“LCE”) selected to receive $4.2 million in funding from the Department of Energy (“DOE”) to scale up U.S.-based manufacturing of flow battery and long duration storage systems; Receipt of funding is subject to the completion of the award negotiation with the DOE
- On July 30, 2021, LCE received a notice to proceed (“NTP”) on its previously announced sales contract with Enel Green Power España (“Enel”) for the delivery of a 5 hour 6.1 MWh VCHARGE± system located in Spain
- Revised 2021 production and sales guidance: Production guidance lowered to 11,400 to 11,800 tonnes of V2O5 equivalent from 12,000 to 12,500 tonnes; Sales guidance lowered to 11,200 to 11,800 tonnes of V2O5 equivalent from 12,250 to 12,750 tonnes
- Demand in all of the Company’s key vanadium markets remained strong in Q3 2021: Average Fastmarkets European V2O5 price of approximately $9.40 per lb in Q3 2021, a 76% increase over the average in Q3 2020

TORONTO--(BUSINESS WIRE)-- Largo Resources Ltd. ("Largo" or the "Company") (TSX:LGO) (NASDAQ:LGO) announces quarterly production of 3,260 tonnes (7.1 million lbs1) of vanadium pentoxide (“V2O5”) and sales of 2,685 tonnes of V2O5 equivalent from its Maracás Menchen Mine in Q3 2021.

Paulo Misk, President and Chief Executive Officer of Largo, stated: “The Company remains well positioned to continue making headway on the suite of value-add projects in our pipeline. This quarter we received a NTP on our first battery sales contract with Enel and are progressing on schedule with the build out of LCE’s product development and stack manufacturing facility in Massachusetts with an expected annual capacity of 1.4 GWh. We look forward to a strong finish to the year and remain fully committed to driving the world’s transition to a low-carbon future through innovative energy storage solutions powered by our responsibly produced vanadium.” He continued: “On the operational front, our performance improved in Q3 2021 as highlighted by a 5% increase in production over Q3 2020 and a 6% increase over Q2 2021. The strong production performance during the quarter was largely driven by increased throughput and improved recoveries following the completion of the Company’s expansion project in Q2 2021. Despite improved production results and steady vanadium demand in all regions, the Company experienced logistical challenges which resulted in lower sales for the quarter.”

Read at:
https://www.largoresources.com/English/news-and-media/news-details/2021/Largo-Resources-Provides-Operational-Update-Reports-Strong-V2O5-Production-of-3260-Tonnes-in-Q3-2021/default.aspx
👍️0
nowwhat2 nowwhat2 3 years ago
Learned of a reason (not to chase).....




Now draw a line here where it's Covid lows line up swell



👍️0
futrcash futrcash 3 years ago
Quick reply...

As I'm still on sabbatical... touring the U.S. from coast to coast with my girlfriend...

We're back in Colorado after time on the east coast and points in between, escaping the wildfires in California-

futr
👍️0
nowwhat2 nowwhat2 3 years ago
Last 13.82 US - Trust yer faring well ?



Aside from the insanely valued S&P


👍️0
futrcash futrcash 3 years ago
Latest Corporate Presentation-

https://www.largoresources.com/English/investor-resources/corporate-presentation-and-events/default.aspx

futr
👍️0
futrcash futrcash 3 years ago
Battery Day 6/22/21

https://s27.q4cdn.com/288457300/files/doc_presentations/2021/June/Battery-Day-Deck-Final.pdf


futr
👍️0
Deetew Deetew 3 years ago
Bought today on what appears to be a highly undervalued play with low RSI and high performance. Net Income positive company.
👍️0
nowwhat2 nowwhat2 3 years ago
https://ceo.ca/@businesswire/largo-resources-announces-solid-first-quarter-2021







Glad we never took THIS bait !



👍️0
douginil douginil 3 years ago
Manufacturing capacity of its VCHARGE± vanadium redox flow battery (VRFB) system

Largo Secures 1.4 GWh Nameplate Capacity Stack Manufacturing Facility and Product Development Center

From: "Largo Resources Ltd." <info@largoresources.com>

Wed, May 05, 2021 05:01 AM

TORONTO--(BUSINESS WIRE)-- Largo Resources Ltd. ("Largo" or the "Company") (TSX: LGO) (NASDAQ: LGO) is pleased to announce key developments in its clean energy division to scale up manufacturing capacity of its VCHARGE± vanadium redox flow battery (VRFB) system to meet expected deployment targets.

"Largo Resources Ltd." <info@largoresources.com>

Read more at:
https://www.largoresources.com/English/news-and-media/news-details/2021/Largo-Secures-1.4-GWh-Nameplate-Capacity-Stack-Manufacturing-Facility-and-Product-Development-Center-Appoints-Energy-Executive-as-VP-of-Operations/default.aspx
👍️0
nowwhat2 nowwhat2 3 years ago





👍️0
nowwhat2 nowwhat2 3 years ago
Gotta like the sound of this, no ? https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162566072






👍️0
Renee Renee 3 years ago
LGORF changed to LGO. Moved from the OTC to the Nasdaq:

https://otce.finra.org/otce/dailyList?viewType=Deletions
👍️0
Slashnuts Slashnuts 3 years ago
Largo Begins Selling Iron Ore...

https://www.largoresources.com/investors/news/press-release-details/2021/Largo-Resources-Announces-the-Execution-of-its-First-Iron-Ore-Sales-Contract/default.aspx

Largo Resources Announces the Execution of its First Iron Ore Sales Contract
March 15, 2021
TORONTO--(BUSINESS WIRE)-- Largo Resources Ltd. ("Largo" or the "Company") (TSX: LGO) (OTCQX: LGORF) is pleased to announce the first sale of iron ore from the Maracás Menchen Mine.

The Company finalized a sales contract for 14,000 tonnes of iron ore to a leading steel producer on March 12, 2021. Transport of the contracted material has commenced, and full delivery is expected by the end of March 2021. To date in 2021, the Company is currently producing iron ore at a rate that would result in the generation of approximately 500,000 tonnes per annum and has accumulated a total stockpile of approximately 2 million tonnes.

Paulo Misk, President and Chief Executive Officer of Largo, stated: “Our first sale of iron ore was a key step in validating the commercial viability of this material. This sale also highlights the added benefits of our newly established internal sales division and capitalizes on the higher iron ore price environment. He continued: “It is also a diversification of sources of revenue for the Company as up until now, 100% of the Company’s revenues have been derived from the sale of vanadium products. Material mined from the Maracás Menchen Mine contains vanadium, iron ore and titanium. We will continue to explore the economic feasibility of extracting additional value from the Company’s mineral resource.”

Good Luck To All!$!$
👍️0
Bullsprig57 Bullsprig57 3 years ago
I have been on the wrong side of several reverse splits through the years. This is usually done to keep a stock off the pink sheets, a negative thing. This is the first time I have been excited about it. This sets Largo up for its planned NASDQ listing. Now with vertical integration with battery production, upward commodity movement in vanadium, and planned infrastructure stimulus around the world, Largo's products are and will continue to be in high demand. Things are lining up nicely for this company and I'm excited to see how we will be valued by the market once we are traded on a major U.S. exchange.
👍️0
Renee Renee 3 years ago
LGORF: effective March 8,2021 a one for 10 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
👍️0
Slashnuts Slashnuts 3 years ago
Upward Momentum Builds In Vanadium Market...

https://www.argusmedia.com/en/news/2187258-upward-momentum-builds-in-vanadium-market

Vanadium market participants are becoming increasingly bullish in their outlooks for demand and prices, anticipating growth from both traditional and emerging end-use bases, along with price gains.

European prices for both pentoxide and ferro-vanadium have risen sharply in the past two weeks (see charts), incurring premiums to the fob China market that may or may not survive once the lunar new year holiday ends. Analysts from UK-based Alternative Resource Capital (ARC) and SP Angel expect duty-paid Rotterdam ferro-vanadium prices to stand at around $35-40/kg by 2022, which compares with a midpoint of $32/kg dp Rotterdam as last assessed by Argus on 12 February. Sellers are already pushing prices up toward that band, with offers lately touching $34/kg.

Europe's current price hikes are partly underpinned by tight supply, with a lack of availability from China and major European producers sold out until the end of March. But in the longer term, it is the demand side of the equation that is dominating outlooks and bolstering price expectations.

Uptick in traditional V demand

Covid-19 vaccine rollouts and macroeconomic improvements are encouraging vanadium producers to look to the medium term, with construction projects in emerging economies catching up to the vanadium-intensity of those in more developed western economies. As demand for rebar in emerging economies — particularly China and India — grows, so too does demand for steel with a higher tensile strength that allows for futuristic steel-intensive skylines like in Pudong, Shanghai.

Construction projects to prevent severe flooding along the Yangtze river are also a driving force for recent doubling-down on growth in China, reflected in recent operational updates by some vanadium producers. South Africa's Bushveld Minerals more than doubled its share of sales to China in 2020, to 21pc from 10pc in 2019 — equating to around 807t of vanadium last year.

SP Angel highlights a push to upgrade buildings and infrastructure in China's richer eastern provinces that is set to coincide with a wave of new construction projects in central and western provinces to modernise living conditions for most Chinese citizens. Co-production of vanadium from magnetite iron ores could also be set to decline as China's higher cost domestic iron ore mining firms compete with lower-priced imported iron units.

Batteries inject upside price risk

While the steel industry still dominates the vanadium demand base, growing attention is being given to the development of vanadium redox flow batteries (VRFB) and analysts caution that their medium-term ferro-vanadium price forecasts might turn out to be conservative if VRFBs take off faster than expected.

Australia's Atlantic Vanadium is also upbeat on the outlook for VRFBs and its impact on global vanadium demand, building a 7,600 t/yr operation to sell 99.6pc grade material by 2023.

Atlantic expects the battery sector to account for 50pc of demand by 2025 — a rapid rise given batteries accounted for just 0.3pc of vanadium consumption in 2020. It remains to be seen if this would be feasible, particularly given market participants expect demand for vanadium from the steel industry to reach around 95,000t by 2023, which would imply the same volume for batteries and a doubling in global vanadium production. At an average greenfield capital cost of around $50,000/t, the industry would require almost $4.8bn of investment to close the supply gap if scaleable and accessible deposits can indeed be developed.

Canada's Largo Resources is positioning itself for a potential boom in VRFB demand and does have a scaleable and high-quality deposit to move forward with. In December, Largo launched a vertically integrated VRFB business — Largo Clean Energy — to "provide clean energy storage systems to the fast-growing, long-duration renewable energy storage market". Its VCharge± battery system is designed to have three times higher power density than others in the market and will be more reliable in production given its vertically integrated ownership structure, the company said.

Good Luck To All!$!$
👍️0
Bullsprig57 Bullsprig57 3 years ago
Largo Resources Announces Full Repayment of its Outstanding Debt
Monday, February 8, 2021, 7:00 AM ET


All amounts expressed are in U.S. dollars, denominated by "$"
TORONTO--(BUSINESS WIRE)--February 08, 2021--

Largo Resources Ltd. ("Largo" or the "Company") (TSX: LGO) (OTCQX: LGORF) is pleased to announce that it has prepaid in full all of its outstanding credit facilities in Brazil that were scheduled to mature on March 12 and March 18, 2021, respectively.

The Company completed the prepayment of $24.8 million in aggregate principal amount between the dates of January 29 and February 3, 2021, plus accrued and unpaid interest and all exit fees which were paid at a lower rate than the scheduled interest payable to the end of the maturity dates.

Paulo Misk, President and Chief Executive Officer of Largo, stated: "Largo's financial position remains strong following the full repayment of the Company's outstanding credit facilities. After a successful transition year in 2020, which included bringing sales and trading in-house whilst navigating the impacts of the global COVID-19 pandemic, Largo has built up its working capital position to a normalized level and the Company accordingly deemed the credit facilities surplus to its liquidity needs. The Company is now debt-free and we look forward to advancing our strategic growth initiatives with Largo Clean Energy in addition to further fortifying our position as the industry leading source of high-quality vanadium with our VPURE(TM) and VPURE+(TM) products." He continued: "We expect 2021 to be an exceptional year for the Company as we look to deliver on our increased annual production and sales targets. Additionally, vanadium prices continue to strengthen in all main markets on the back of robust demand and low inventories. We also believe that the fast-growing renewable energy storage market is expected to significantly drive additional demand growth of vanadium redox flow batteries in the years to come."
👍️0
Slashnuts Slashnuts 3 years ago
Largo Announces Full Repayment All Outstanding Debt...

https://www.largoresources.com/investors/news/press-release-details/2021/Largo-Resources-Announces-Full-Repayment-of-its-Outstanding-Debt/default.aspx

February 08, 2021
All amounts expressed are in U.S. dollars, denominated by “$”

TORONTO--(BUSINESS WIRE)-- Largo Resources Ltd. ("Largo" or the "Company") (TSX: LGO) (OTCQX: LGORF) is pleased to announce that it has prepaid in full all of its outstanding credit facilities in Brazil that were scheduled to mature on March 12 and March 18, 2021, respectively.

The Company completed the prepayment of $24.8 million in aggregate principal amount between the dates of January 29 and February 3, 2021, plus accrued and unpaid interest and all exit fees which were paid at a lower rate than the scheduled interest payable to the end of the maturity dates.

Paulo Misk, President and Chief Executive Officer of Largo, stated: “Largo’s financial position remains strong following the full repayment of the Company’s outstanding credit facilities. After a successful transition year in 2020, which included bringing sales and trading in-house whilst navigating the impacts of the global COVID-19 pandemic, Largo has built up its working capital position to a normalized level and the Company accordingly deemed the credit facilities surplus to its liquidity needs. The Company is now debt-free and we look forward to advancing our strategic growth initiatives with Largo Clean Energy in addition to further fortifying our position as the industry leading source of high-quality vanadium with our VPURE™ and VPURE+™ products.” He continued: “We expect 2021 to be an exceptional year for the Company as we look to deliver on our increased annual production and sales targets. Additionally, vanadium prices continue to strengthen in all main markets on the back of robust demand and low inventories. We also believe that the fast-growing renewable energy storage market is expected to significantly drive additional demand growth of vanadium redox flow batteries in the years to come.”

Good Luck To All!$!$
👍️0
nowwhat2 nowwhat2 3 years ago
Just a small bit of Vanadium greatly strengthens steel (therefore less steel may be required to manufacture something - such as autos)

To explain…

Iron Ore = Steel

Iron ore is more integral to the global economy than any other commodity, except perhaps oil. Why?

Steel.

Steel represents around 95% of all metals produced, and used, by humans, and demand is growing. The basic ingredient of steel is iron ore, which is dug by mining firms, reduced to manageably sized pieces, and sold to steel makers, who convert the ore into various types of iron or steel through several processes, the most common of which is the use of a blast furnace.

High Quality Ore is Getting Harder to Find –- Enter Sintering

Historically, “lump ore” (literally rocks in lumps or chunks, from ¼ “ to 1 metre in size), was the main product fed into a blast furnace. However, the reserves of high-grade ore have been depleting for decades, forcing steel makers to turn to lower grade ore and processes to feed their furnaces, so the process of “sintering” was established.

“Sintering” – fusing particles together into one solid mass by using a combination of pressure and heat without melting the materials – has been the dominant process for some time.

Sintering Creates Heavy Pollution – Enter Pelletization

However, while sintering allowed the use of lower grade ore, the big disadvantage is that it’s a very dirty process that involves mixing low-grade iron ore with other products including coking coal (“coke”), resulting in what is considered the most polluting of all the steelmaking processes.

So, those mining companies over time developed the “pelletization” process. Iron ore pelletizing, or balling, is the process of transforming ore rocks into small and hardened iron balls or spheres anywhere from 8 – 16mm in size.

Most modern steel plants use a basic oxygen furnace to create steel. In these furnaces, oxygen blows through the molten iron, lowering carbon, silicon, manganese and phosphorous levels (steel is basically iron with reduced carbon).

Using iron ore pellets as packed spheres in the blast furnace allows air to flow better between the pellets, decreasing the resistance to the air that flows up through the layers of material during the smelting, and improving blast furnace productivity.

For this, and because pelletization reduces the use of “coke” (thus lowering pollutants), using pellets in steelmaking consumes only one-third of the energy that using sintered ore does, while also offering improved handling and transportation options.

Other benefits of pelletization include: uniform size, high metallization rate, increased permeability in blast furnaces to optimise fuel consumption rate, lower dust compared to sintering, reduced loss of product, mitigation of particle crushing and subsequent blocking of the furnace (when pellets are properly produced), and better in-furnace performance (pellets transfer heat better than powder).

It is in this pelletization process where PYR plasma torches are to be used to replace existing gas or electric heat burners.

Growing Demand for Pelletization

PYR’s timing in this area couldn’t be better, as there exists a number of key factors that are driving increased market demand for pelletized ore.

1/ The Increasing Demand for Steel.

Two of the largest uses of steel are construction and automotive manufacturing.

As a result of the Coronavirus pandemic, the construction industry was hit by a general freeze in consumption, shutdowns, and disrupted supply chains. The World Steel Association said June 4 it expected annual demand for steel to fall by 6.4% to 1.65 billion metric tonnes this year.

However, the recovery has already started, and demand is expected to be close to pre-pandemic levels in 2021, led by China and the rest of the global construction sector.

In the automotive industry, while steel has always been preferred for its stiffness, strength, and durability, which ensures safety and improves the way a car drives and handles, emissions and fuel consumption rules were tightened over the past 30 years, resulting in a move to lighter cars. While aluminum, magnesium, carbon fiber and plastic composites provide that weight reduction, they are more expensive than steels. And with driverless cars, car sharing and electric mobility gaining traction, vehicles need to be durable enough to withstand constant use and consumers need to be reassured that their safety is ensured. Thus, the demand for newer, more advanced, high-strength steels in the automotive industry is expected to increase significantly in the coming years, while the price advantage over other materials continues.

Higher-grade steel for use in automotive manufacturing requires higher-grade iron ore products, of which pellets are considered the optimum and highly preferred ingredient.

2/ Shifting Trend Towards Carbon-Reduced or Carbon-Free Steelmaking

Steel production has a number of impacts on the environment, including air emissions (CO, SOx, NOx, PM2), wastewater contaminants, hazardous wastes, and solid wastes. Greenhouse gas emissions associated with steel production are from the carbon dioxide emissions related to energy consumption.

Numerous governments have instituted unfavorable government policies related to sintering activities, the most important of which is China.

As China looks to surpass the United States as the world’s largest economy, China is dealing with an enormous amount of industrial-related air pollution. The heavy smog rampant in many of its major industrial hubs is having a huge impact on Chinese citizens’ health as well as crop yields.

As a result, the Chinese government is offering financial assistance and tax breaks to incentivize steel manufacturing plants to complete the upgrades required to meet the new emissions standards. China’s goal is to have 80 percent of existing plants make this transformation by 2025.

For this reason, and according to Reuters, pellet imports to China are expected to increase by 70 million tonnes over the next decade.

As with many industries, an increasing focus on sustainability has prompted producers to look at every available resource as a potential raw material. When it comes to iron ore, the pelletizing of “fines” produced at mine sites (the smallest pieces of rock and dust, previously considered a waste), as well as flue dust from blast furnaces, allows these materials to be integrated into the steel production process, reducing waste. This is especially true in production areaa like India, where the region’s softer iron ore sources are much more prone to breakdown into fines.

Similarly, pelletizing allows for the reuse of Electric Arc Furnace dust. Electric arc furnaces produce steel from scrap metal. The dust produced in these furnaces is a considerable by-product and can bepelletized for reintegration into the process.

3/ Cost Competitiveness and Industry Consolidation

Given that iron is the fourth most abundant element on Earth, comprising about 5% of the Earth’s crust by weight, global iron ore market is highly competitive and has dropped drastically at several times over the past decade.

Prices peaked at $187 per metric ton in February 2011, then plunged to about $41 per ton in December 2015. An oversupply of iron ore, combined with China adding more steel-making capacity than it needed, resulted in a slump in the iron ore spot prices earlier this decade, including a 47% decline in 2014 and a further 18% retreat in 2015.

Having access to low-cost iron ore deposits and benefitting from economies of scale, the big four producers BHP Billiton (BHP), Rio Tinto, Vale, and Fortescue ramped up production to meet Chinese demand, and the market went into oversupply – which forced higher-cost iron ore mines to scale back production or fold. For years, nearly all iron ore production in China was uneconomic under market conditions, and many local mines closed or were suspended, increasing importing (and consolidation) from the big four.

As a result, a number of high-cost iron ore mines closed or were suspended throughout the world in 2014, with up to 30% of low-grade iron mines shut down in China in 2014 alone.

Some experts argued that higher-cost producers fell victim to a strategy pursued by the big 4 producers of iron ore to drive the price down intentionally and eliminate competition. Accounting for more than 60% of global iron-ore exports, those iron giants have been relentlessly increasing lowest-cost production output.

As the economy improved, industry consolidation occurred, and a massive number of high-cost and Chinese mines closed, supply growth was lower than expected. This, combined with a significant infrastructure spending boost in China, saw iron ore prices revived.

In 2020, iron ore prices have risen back over $115. Having driven out smaller inefficient producers, the world’s giant iron ore companies (Vale, Rio Tinto, BHP, Fortescue) are best positioned to capitalize on a rising price environment, while also expanding into steel production for vertical integration. In fact, one of PYR’s announced pending contracts is with a pelletization company that is “also a major player in the steel industry”.

As stated above, using pellet ore in steelmaking consumes only 1/3 of the energy that using sintered ore does, while also offering improved handling and transportation options. Plasma torches are also known to significantly reduce energy output even further. PYR's role in ore processing competitiveness therefore is even more clear.

4/ Continued Reduced Availability of High-Quality Lump Iron Ore

Diminishing high-grade iron ore sources have left behind lower grade ores that necessitate concentration to be economically recovered. Through crushing, grinding, and various other techniques, low-grade iron ore can be upgraded and utilized in furnaes, including to a concentrate product in the form of a powder.

While powdering can be used, it’s not nearly as efficient as pelletization, and can cause problems such as clogging of furnaces. If processed directly, this powder would reduce the efficiency of the overall steel making process, including blast furnace performance; therefore, pelletizing is essential to process efficiency.

All told, PYR's entry into the field of iron ore pelletization represents a massive opportunity as the demand for ore pellets grows exponentially, and the desire for reduced environmental impact and cost competitiveness increases in step.
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TradingCharts TradingCharts 3 years ago
Thanks for posting I was wondering why LGORF went up today.
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Bullsprig57 Bullsprig57 3 years ago
Largo Resources Announces Record Quarterly and Full Year 2020 Operational Results and Exceeds 2020 Sales Guidance; Provides 2021 Guidance
Wednesday, January 20, 2021, 7:00 AM ET



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

Q4 and FY 2020 Production and Sales Highlights:
-- Record quarterly V2O5 production of 3,340 tonnes (7.4 million lbs1) in Q4 2020, an 11% increase over Q4 2019 -- Record annual V2O5 production of 11,825 tonnes (26.1 million lbs1) in 2020, an increase of 12% over 2019; Within 2020 V2O5 production guidance of 11,750 -- 12,250 tonnes -- Quarterly global V2O5 recovery4 of 80.6% in Q4 2020, a 4% increase over Q4 2019 -- Record annual global V2O5 recovery4 of 81.4% in 2020; a 4% increase over 2019 -- 2020 sales guidance exceeded: Total V2O5 equivalent sales of 10,260 tonnes in 2020, exceeding high-end V2O5 sales guidance by 260 tonnes -- Record quarterly sales of 3,751 tonnes of V2O5 equivalent in Q4 2020, a 31% increase over Q4 2019

2021 Guidance
-- V2O5 equivalent production of 12,000 -- 12,500 tonnes; V2O5 equivalent sales of 12,250 -- 12,750 tonnes; Cash operating cost excluding royalties2 of $3.10 -- 3.30/lb V2O5 sold; Total cash costs of $3.50 -- 3.70/lb V2O5 sold; Sustaining capital expenditures6 of $8.0 -- 10.0 million; Vanadium trioxide ("V2O3") processing plant expenditures of $7.0 -- 9.0 million -- Planned shutdown in January 2021: Implementation of kiln feed rate improvements to increase nameplate production capacity to 1,100 tonnes of V2O5 per month; Kiln and cooler refractory replacements; Planned preventative maintenance program -- The Company will strongly focus on the advancement of Largo Clean Energy and its VCHARGE+/- battery technology for the fast-growing renewable energy storage sector TORONTO--(BUSINESS WIRE)--January 20, 2021--

Largo Resources Ltd. ("Largo" or the "Company") (TSX: LGO) (OTCQX: LGORF) is very pleased to announce that it has achieved record quarterly and annual 2020 operational results at the Maracs Menchen Mine and has exceeded its 2020 annual sales guidance by 260 tonnes. Building upon the operational and sales accomplishments in 2020, management is confident in its ability to deliver on its production, sales and cost guidance in 2021. The Company is also heavily focused on the strategic development of Largo Clean Energy in 2021 to provide safe, grid-scale VRFBs to fast-growing renewable energy storage sector.
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nowwhat2 nowwhat2 3 years ago
Because they reported today I guess

https://ceo.ca/lgo

https://ceo.ca/@businesswire/largo-resources-announces-record-quarterly-and-full




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nowwhat2 nowwhat2 3 years ago
Mega up-gap here today......Confirming beauty action



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Bullsprig57 Bullsprig57 3 years ago
Believe you tuck this under your pillow for a couple years and you'll be thankful you got in. Right industry in the right climate in the beginning of a huge shift to green energy with a company that has the purest vanadium who is becoming vertically integrated... need I say more?
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nowwhat2 nowwhat2 3 years ago
MEANT to get in at 1.25 https://investorshub.advfn.com/boards/read_msg.aspx?message_id=160231691 and yet here I am in at 1.66

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=160087481


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nowwhat2 nowwhat2 3 years ago
Damn, why me I just bought this and then came here to post it....

Only to learn of the info you posted - So a 1 for 10 split they're proposing huh ?

Plus a larger big board presence......

Boy...Sure wish you'd've personally SHARED that info.....as opposed to kinda keeping it (hidden) ?


Anyways.....Now I've just gotta hope that that news works out for the best.....

*Market seems to kinda like it - Up by 9.x %












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Bullsprig57 Bullsprig57 3 years ago
Largo Resources Announces Special Meeting of Shareholders to Propose a Share Consolidation Required for a Potential Listing on a Major U.S. Stock Exchange
Thursday, January 14, 2021, 7:30 AM ET

TORONTO--(BUSINESS WIRE)--January 14, 2021--

Largo Resources Ltd. ("Largo" or the "Company") (TSX: LGO) (OTCQX: LGORF) announces that it will hold a Special Meeting of Shareholders (the "Special Meeting") on Monday, March 1, 2021. The Company has set the Record Date for the Special Meeting on January 25, 2021.

The purpose of the Special Meeting is to seek authorization from the Company's shareholders to enable the Board of Directors (the "Board") to consider a consolidation of the Company's issued and outstanding common shares ("Common Shares") at a ratio of up to one post-consolidation share for every ten pre-consolidation shares. Concurrent with the Special Meeting and related to the proposed share consolidation, the Company's Board is also considering a potential listing of the Company's shares in the United States ("U.S.") with the view of increasing access to U.S. capital markets and enhancing overall shareholder value--particularly as the Company continues to strategically develop its recently launched U.S.-based Largo Clean Energy division into an industry-leading, vertically integrated vanadium redox flow battery business.

Any authority of the Board to consolidate the shares is conditional upon the prior approval of the Company's shareholders and the Toronto Stock Exchange (the "TSX"). Additional information, including the time and instructions for virtually accessing and voting at the Special Meeting will be provided at a later date. Further, a Management Information Circular for the upcoming Special Meeting will be mailed to shareholders and filed by the Company on SEDAR.

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TradingCharts TradingCharts 4 years ago
I picked up a small starter here today and have another order in.

Thanks for telling me about this one.
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nowwhat2 nowwhat2 4 years ago
Houston ?.....We are GO for Lift-off......
Do you read me.....Over ?

Houston ?........Are you OUT there ?.....
Uh.......Hello ?


Houston ?.....We are GO for Lift-off......





Awwww, chit - There's no one around......Well ?.......Let's get goin' anyways.......



10, 9, 8, 7, 6, 5, . . . . . . . .










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nowwhat2 nowwhat2 4 years ago
Vertically intergrated...LoL'''''CEO Pablo MUSK





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nowwhat2 nowwhat2 4 years ago
Wow.....What's not to like ?........

The possibility that stimulus efforts may falter ?

ca:LGO


Energy Storage - Grid Security - Real cool (and possibly rewarding) research topic



Meanstwhile elsewhere ;
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=160538523




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TradingCharts TradingCharts 4 years ago
Vanadium Producer Largo Resources (TSX:LGO) Announces Strong Q3 2020 Results
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TradingCharts TradingCharts 4 years ago
Largo Resources (LGO) - "We didn't change the strategy. It's just evolution of before."
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TradingCharts TradingCharts 4 years ago
Jeff Parent discusses Largo Resources

https://www.bnnbloomberg.ca/investing/video/jeff-parent-discusses-largo-resources~1532317
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TradingCharts TradingCharts 4 years ago
Largo Resources enters the clean energy market with Largo Clean Energy
New group company will manufacture vertically integrated vanadium redox flow batteries

Largo Resources launched LCE – Largo Clean Energy, a vertically integrated vanadium redox flow battery (VRFB) business in Toronto, Canada to provide renewable energy storage systems. Vanádio de Maracás, the group's company, which operates in the interior of Bahia, is the only vanadium producer in the Americas and has one of the best products in the world. The energy storage market over the next 10 years is $50 billion and the group estimates that VRFB can account for 18% of this market.

"VRFB is well known for its technical and economic merits, but a key issue that plagues most VRFB deployment projects is the safe and reliable supply of high purity vanadium. We believe that the launch of Largo Clean Energy helps solve this problem by combining industry-leading VRFB technology with Largo's world-class high purity vanadium supply," explains Paulo Misk, CEO of Largo Resources and President of Vanadio de Maracás. "In addition, Largo's cost-effective expansion plans should support the expected future demand for VCHARGE ± Largo Clean Energy deployments," Misk adds.

http://www.conexaomineral.com.br/noticia/1845/largo-resources-entra-no-mercado-de-energia-limpa-com-a-largo-clean-energy.html
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nowwhat2 nowwhat2 4 years ago
Or wait - For I see now what they've done.....
Why they've simply purchased intellectual property !.......
For, evidently, approximately about 3.9 million - U.S. (which MIGHT NOT BE all that much ?)..........I dunno.

But.....(paid for in the form of shares) so......Their (already rather-high) mkt cap just on keeps increasing ?

The Assets were acquired for deemed net consideration equal to US$3,862,000 that was satisfied through the issuance of 2,518,453 common shares of Largo (at a deemed price per common shares of CAD$1.035, being the 5-day VWAP prior to the execution of the Purchase Agreement) and 3,622,007 share purchase warrants of Largo, which have an exercise price of CAD$1.30 and a term of five years.

That prolly brings 'em up to about 710 mil. Canadian !
Or, in other words still (well) under a billion mkt cap for a company which COULD win an admirable chunk of the battery-storage market.








Let's carefully watch this stock.








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futrcash futrcash 4 years ago
Vertically integrated Industrial scale battery storage...really like this one!

futr
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nowwhat2 nowwhat2 4 years ago




1.25 Canadian must equate with $1.00 U.S.







Confirmation volume seen at Arrow.....
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nowwhat2 nowwhat2 4 years ago
Mkt cap 702 mil at 1.25 Canadian

Pullback we'd been hopin' for.......Now what ?









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Slashnuts Slashnuts 4 years ago
Good Job Largo! Good Luck To All!$!$
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nowwhat2 nowwhat2 4 years ago
Sounds (and looks like something good ?....

Feb. 2020






Darn it - For I'd noticed them a week ago too !....






And something just made me check in on them now.....




Doesn'r SEEM like their strength should last only 1 month.....




I LIKE the sector they're zeroing in on - partly because OTHER folks could as well !




















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Bullsprig57 Bullsprig57 4 years ago
This is a Huge Announcement and shows that the management team is working towards a vertically integrated company taking Vanadium to the world via the redux battery. Well Done!
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douginil douginil 4 years ago
Largo Resources Launches Largo Clean Energy; Creating a Leading, Vertically Integrated and Sustainable Renewable Energy Storage Provider

December 08, 2020

- Launch of Largo Clean Energy creates an industry-leading, vertically integrated vanadium redox flow battery ("VRFB") business to provide clean energy storage systems to the fast-growing, long-duration renewable energy storage market
- Acquisition of 12 patent families previously owned by VionX Energy Corp. ("VionX Energy") with coverage in key jurisdictions to enable Largo Clean Energy to deploy VionX Energy's battery systems under Largo Clean Energy's VCHARGE± branding
- Onboarding of core technical team members previously employed by VionX Energy with decades of VRFB expertise
- Over US$150 million of investment by VionX Energy in commercially proven VRFB technology and operational optimizations
- VCHARGE± System: Combination of patented VRFB electrolyte processing technology, utilization of industry-leading flow battery stack technology and supply of Largo's high purity vanadium required in the manufacturing of vanadium electrolyte will result in unparalleled competitive advantages
- Provides Largo Resources with additional commercial and growth opportunities for its high purity vanadium products at attractive overall economics
- Aligned with Largo Resources' goal of contributing to a lower carbon future through the advancement of renewable energy storage deployments worldwide
- Opportunity to significantly increase additional shareholder value
- Webcast and conference call to discuss Largo Clean Energy and VCHARGE± technology transaction: Wednesday, December 9, 2020 at 10:00 a.m. ET

TORONTO, Dec. 8, 2020 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") (TSX: LGO) (OTCQX: LGORF) is pleased to announce the launch of Largo Clean Energy Corp. ("Largo Clean Energy"), a newly formed company in Delaware (U.S.) whose aim will be to provide safe, long-duration vanadium redox flow battery systems for the fast-growing global renewable energy storage market. Largo Clean Energy has acquired superior VRFB technology that was previously owned by VionX Energy, a company that had been involved in the renewable energy storage market since 2002.


Read more at:
https://www.largoresources.com/investors/news/press-release-details/2020/Largo-Resources-Launches-Largo-Clean-Energy-Creating-a-Leading-Vertically-Integrated-and-Sustainable-Renewable-Energy-Storage-Provider/default.aspx
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douginil douginil 4 years ago
Largo Resources Announces Record Operational Performance in Q3 2020 with V2O5 Production of 3,092 Tonnes and Lowers 2020 Cost Guidance

October 19, 2020

- Record V2O5 production of 3,092 tonnes (6.8 million lbs1) in Q3 2020, a 5.0% increase over Q3 2019
- Total sales exceeded production levels in August and September 2020 for the first time since commercial independence, highlighting successful rollout of the Company's strategy
- Record global V2O5 recovery rate2of 84.2% in Q3 2020, an increase of 8.0% over Q3 2019
- 2020 cash cost guidance reduced: Cash operating cost excluding royalties3 guidance lowered to US$2.60 – $2.80 / lb V2O5; Total cash cost3 guidance lowered to US$3.20 to $3.40 / lb V2O5
- Postponing cost-efficient nameplate capacity increase to Q1 2021: Planned kiln upgrades and cooler maintenance that will increase Largo's production capacity by 10% with a CAPEX of only US$1.3 million are postponed to Q1 2021 due to COVID-19 restrictions
- Focus on safe business continuity: On track to meet lower end of 2020 production guidance with strong production results expected in Q4 2020; 2020 sales guidance maintained
- Strong vanadium demand in Q3 2020 in China from increased infrastructure spending on the back of recently announced stimulus packages as well as development of green technology applications to meet carbon footprint reduction targets

Largo's line of VPURE+™ products are among the highest purity vanadium flake and powder products, globally. (CNW Group/Largo Resources Ltd.)

TORONTO, Oct. 19, 2020 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") (TSX: LGO) (OTCQX: LGORF) is pleased to report third quarter 2020 production and global sales results from its Maracás Menchen Mine highlighted by a new quarterly production record of 3,092 tonnes (6.8 million lbs1) of vanadium pentoxide ("V2O5") and a new record global recovery rate2 of 84.2%.

Paulo Misk, President and Chief Executive Officer for Largo, stated: "The health and safety of our workforce continues to remain a top priority for Largo and our focus on preventative measures early on has enabled the Company to continue operations in a safe manner since March 2020. In Q3 2020, operations performed exceptionally well with the Company achieving a new quarterly V2O5 production record of 3,092 tonnes and a new quarterly global recovery2 rate record of 84.2%.

The Company has also reduced its cash operating cost excluding royalties and total cash cost guidance for 2020 to US$2.60 - $2.80 and US$3.20 - $3.40 / lb V2O5, respectively. This reflects our positive year-to-date performance and the Company's expectations for the balance of the year. Additionally, the Company is on track to meet the lower end of its 2020 production guidance of 11,750 – 12,250 tonnes of V2O5 and we look forward to ending the year on another high note. I am very proud of the entire operations team as they continue to demonstrate their ability to effectively meet and exceed operational targets, especially during these uncertain times."

Read more at:
https://www.largoresources.com/investors/news/press-release-details/2020/Largo-Resources-Announces-Record-Operational-Performance-in-Q3-2020-with-V2O5-Production-of-3092-Tonnes-and-Lowers-2020-Cost-Guidance/default.aspx

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douginil douginil 4 years ago
Largo Resources Announces Second Quarter 2020 Results Highlighted by Continued Low-cost Operations; Overall Sales and Trading Performance In-Line with Expectations

August 13, 2020

All dollar amounts are in U.S. dollars, unless otherwise noted.

Q2 2020 Highlights

- Production of 2,562 tonnes (5.6 million pounds 1 ) of V2O5, an increase of 2.0% over Q2 2019
- Two consecutive months of V2O5 production above nameplate capacity: 1,052 tonnes in May 2020 and 1,030 tonnes in June 2020
- Global V2O5 recovery rate 2 of 80.8%; Second quarter of strong global recoveries in 2020
- Solid financial position: Cash at June 30, 2020 totaled $78.2 million
- Record low cash operating costs excluding royalties 3 of $1.89 per lb of V2O5 , 44% decrease over Q2 2019 ( after tax credit benefits of $2.2 million )
- Revenues of $8.4 million (net of the re-measurement of trade receivables / payables of $2.4 million on vanadium sales from contracts with customers of $10.8 million)
- Net loss of $7.0 million and a loss per share of $0.01
- Company maintains its 2020 sales, cost and production guidance

Other Significant Highlights

- 2019 Sustainability Report released: Including improved performance metrics and new reporting standards
- Nameplate capacity increase by 10%: Planned kiln upgrades and cooler maintenance scheduled for Q4 2020 with a capex of $1.3 million
- 2020 drilling program underway following delays caused by COVID-19


Read more at:
https://www.largoresources.com/investors/news/press-release-details/2020/Largo-Resources-Announces-Second-Quarter-2020-Results-Highlighted-by-Continued-Low-cost-Operations-Overall-Sales-and-Trading-Performance-In-Line-with-Expectations/default.aspx

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Bullsprig57 Bullsprig57 4 years ago
Surprising there isn't more interest here. Largo approaching .90 US, Vanadium interesting is growing exponentially! What a time to be getting in.
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