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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 Value Generated By the Maracás Menchen Mine is Expected to Be .