Largo Inc.

TORONTO, Dec. 12, 2018 /CNW/ - Largo Resources Ltd. announces today that it has repurchased and retired US$16.2 million in aggregate principal amount plus premium and accrued and unpaid interest in consideration for the payment of US$17 million in cash. Following this repurchase for cancellation the remaining aggregate principal amount outstanding on the Company's 9.25% Senior Secured Notes due 2021 is US$118.8 million [...]

 Largo Resources Ltd. is pleased to announce that effective December 3, 2018 the Company will permit, without any further action on the part of holders , all outstanding unlisted warrants of the Company to be exercisable on a cashless exercise basis at the option of the Warrantholder. No other terms of the Warrants are being amended.  Mr. Mark Smith, Chief Executive Officer of Largo, stated "If our Warrantholders take [...]

Q3 2018 Highlights Net income of $71.4 million and basic earnings per share of $0.14 Revenues of $149.5 million in Q3 2018, a 179% increase over Q3 2017 and a 45% increase over Q2 2018 Cash provided before non-cash working capital items1 of $127.5 million in Q3 2018, an increase of 64% over Q2 2018 Cash operating costs2 of $5.41 in Q3 2018 Record production of 2,563 tonnes of vanadium pentoxide in Q3 2018, a 4% increase [...]

Investor Conference Call with Mark Smith, CEO and Ernest Cleave, CFO will be conducted at 11 a.m. EDT on Thursday, November 15, 2018  Largo Resources Ltd. will release its third quarter 2018 financial results on Tuesday, November 13, 2018 after the close of market trading. The Company will also host a conference call on Thursday, November 15, 2018 at 11:00 a.m. EDT. Details on the conference call and live webcast are as [...]

Largo Resources Ltd. is pleased to announce that Instituto do Meio Ambiente e Recursos Hidricos has published the Company's environmental license for the Maracás Menchen Mine expansion project. As previously announced on April 16, 2018, Largo has commenced an expansion project that focuses on increasing the production capacity of the milling, fusion , leaching and filtering areas. The expansion will see production [...]

Largo Resources Ltd. is pleased to provide the following corporate update. In accordance with standard practice, INEMA published confirmation of the renewal of our operating license for the Maracas Menchen Mine on October 5, 2018. The renewed L.O. is valid for a period of 2 years and may then be further extended within 6 months of the L.O.'s new expiry date for an additional 2-5 years period.  In addition and as [...]

Record production of 2,563 tonnes of V2O5 in Q3 2018, a 4% increase over Q2 2018 Record overall V2O5 recovery rate of 82.2% achieved during the month of September Total production in Q3 2018 was 6% above plant's nameplate capacity Largo Resources Ltd. is very pleased to report third quarter 2018 production results from its Maracás Menchen Mine highlighting record quarterly vanadium pentoxide production during the [...]

Largo Resources Ltd. is pleased to announce that its operating subsidiary Vanádio de Maracás S.A. has repaid in full to Banco Pine S.A. its outstanding debt of R$70,981,564.30 . The BP Debt was the only long-term debt that remained outstanding in Brazil following repayment of the Company's facilities in August 2018 .  Mr. Mark Smith, Largo's President and Chief Executive Officer, commented, "We are very [...]

 Largo Resources Ltd. is pleased to announce today that it will redeem US$15 million in aggregate principal amount, representing 10% of the US$150 million aggregate principal amount currently outstanding, of its 9.25% Senior Secured Notes due 2021 on September 20, 2018 . The Notes to be redeemed will be selected in accordance with the applicable procedures of The Bank of New York Mellon , as the depositary for the Notes [...]

Largo Resources Ltd. is pleased to announce that it will be featured as a presenting company at the 20th Annual Rodman & Renshaw Global Investment Conference, sponsored by H.C. Wainwright & Co., LLC.  The conference is being held on September 4-6, 2018 at the St. Regis New York Hotel in New York City. Mark Smith, President and Chief Executive Officer for Largo, will provide an overview of the Company's business during a [...]