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Largo Resources Provides Operational Update; Reports Strong V2O5 Production of 3,260 Tonnes in Q3 2021

All amounts expressed are in U.S. dollars, denominated by “$”. V 2 O 5 production of 3,260 tonnes in Q3 2021, a 5% increase over Q3 2020 and 6% above Q2 2021 Total V 2 O 5 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 selected to receive $4.2 million in funding from the Department of Energy to scale up U.S.-based . ....

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Largo Resources Announces Solid First Quarter 2021 Financial Results with Net Income of $4.1 Million; Strategic Developments of Clean Energy Division Continue


Largo Resources Announces Solid First Quarter 2021 Financial Results with Net Income of $4.1 Million; Strategic Developments of Clean Energy Division Continue
All amounts expressed are in U.S. dollars, denominated by “$”. Q1 2021 Highlights Net income of $4.1 million and basic earnings per share of $0.07 Cash operating costs excluding royalties 1 of $2.87 per lb V 2 O 5 vs. $2.66 per lb in Q1 2020 Revenues of $39.8 million, 4% lower than Q1 2020; Revenues per lb sold 2 of $6.49, an 8% increase over Q1 2020 Cash balance of $48.7 million exiting Q1 2021 Production of …
All amounts expressed are in U.S. dollars, denominated by “$”.
Q1 2021 Highlights
Cash operating costs excluding royalties
1 of $2.87 per lb V ....

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Largo Resources Announces First Quarter 2021 Production and Sales Results; Strong Vanadium Market Fundamentals Continue


TSX: LGO ) (
NASDAQ: LGO ) announces first quarter 2021 production and sales results from its Maracás Menchen Mine featuring quarterly production of 1,986 tonnes (4.4 million lbs 1 ) of vanadium pentoxide (“
V 2 O 5 ”) and sales of 2,783 tonnes of V 2 O 5 equivalent.
Largo Resources Announces First Quarter 2021 Production and Sales Results; Strong Vanadium Market Fundamentals Continue (Photo: Business Wire)
Paulo Misk, President and Chief Executive Officer for Largo, stated:
Production was largely impacted during the quarter as a result of the planned shutdown to complete the upgrades and improvements associated with the Company’s cost-efficient nameplate increase to 1,100 tonnes of V 2 O 5 per month. The related work for this project concluded in January 2021 and we expect to reach the new nameplate capacity by the end of Q2 2021, following the required commissioning and ramp up phases. He continued: ....

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