Largo Resources to Host its Battery Day on June 9, 2021
Largo Resources Ltd. is pleased to announce that it will host a virtual Battery Day webcast on Wednesday, June 9, 2021 at 10:00 a.m. ET. This press release features multimedia. View the full release here: The event will highlight Largo’s sizable growth opportunity in the long-duration battery market, our comprehensive development strategy and showcase the key technological advantages of our VCHARGE± battery … Largo Resources Ltd. (” Largo ” or the ” Company “) (TSX: LGO) (NASDAQ: LGO) is pleased to announce that it will host a virtual Battery Day webcast on Wednesday, June 9, 2021 at 10:00 a.m. ET.
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
Published: 6 May 2021, 13:11
By:
Andy Colthorpe
Largo Clean Energy was officially launched in December last year, with the company expected to commercialise its VRFB product within 18 months of that date. Image: Largo Resources via Twitter.
Largo Resources, a vertically-integrated vanadium supplier launching its own line of redox flow batteries for energy storage, is establishing 1.4GWh of annual battery stack manufacturing capacity.
The company said yesterday that it has secured a location in Massachusetts, US, from which it will manufacture the vanadium redox flow battery (VRFB) stacks and develop products. The new site will also be the headquarters for Largo Clean Energy, the subsidiary Largo Resources launched in December to capitalise on opportunities in stationary storage for the grid.
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