Largo Inc.

TORONTO, May 17, 2018 /CNW/ - Largo Resources Ltd. announces the successful, same-day launch and pricing of its private note offering totaling US$150.0 million in aggregate principal amount. Such senior secured notes are due in 2021, callable in years 2 and 3, and carry a coupon of 9.25% . Upon closing of the Offering, the net proceeds of the Offering , will be deposited into an escrow account in favour of the note [...]

Net income of $45.8 million and earnings per share of $0.09 Revenues of $91.0 million in Q1 2018, a 210% increase over Q1 2017 Cash provided before non-cash working capital items of $61.9 million in Q1 2018, an increase of $56.8 million over Q1 2017 Total production of 2,214 tonnes of V2O5 in Q1 2018, a 7% increase over Q1 2017 Average V2O5 price of ~US$13.60/lb V2O5 in Q1 2018 Cash balance at March 31, 2018 of $50.2 [...]

Enhanced production rates will increase monthly production at the Maracás Menchen Mine to 1,000 tpm of V205, being a 25% increase from nameplate capacity Additional significant free cash flow generation expected from operations as a result Management believes total capacity could be expanded by an additional 100 tonnes to 1,100 tpm of V2O5 with additional operational improvements to the Kiln refractory TORONTO [...]

TORONTO, April 4, 2018 /CNW/ - Largo Resources Ltd. is pleased to announce that it, along with its operating subsidiary, Vanádio de Maracás S.A. , have completed a restructuring and conversion of Vanádio's existing debt facilities with Banco Pine S.A all in accordance with the terms previously announced in the Company's press release of March 8, 2018. As a result of the restructuring, approximately [...]

Revenues for Q4 2017 exceeded direct mine and mill costs by $29,516; achieved with a Q4 average price of vanadium pentoxide of US$8.13. The posted price range of vanadium pentoxide effective as of March 23, 2018 is US$15.00 to $16.00/lb . 2018 production guidance is 8,950 to 9,950 tonnes of vanadium pentoxide, to be produced at an estimated annual average cash operating cost per pound of US$4.15. Cash generated from [...]

TORONTO, March 8, 2018 /CNW/ - Largo Resources Ltd. is pleased to announce that it, along with its operating subsidiary, Vanádio de Maracás S.A. , have entered into a binding term sheet for the restructuring and conversion of Vanádio's existing debt facilities with Banco Pine S.A . The existing facilities comprise a BRL $97,794,854 credit facility between Vanádio and the Lender and guaranteed [...]

TORONTO, March 5, 2018 /CNW/ - Largo Resources Ltd. is very pleased to announce that it intends to qualify, produce and sell vanadium pentoxide powder via Glencore International AG, the existing exclusive off taker of all vanadium products currently produced from the Maracás Menchen Mine. Largo will begin production of V2O5 powder to supplement its current vanadium pentoxide fused flake production during Q1 2018 [...]

TORONTO, Feb. 12, 2018 /CNW/ - Largo Resources Ltd. announces its support for the new rebar standard announced on February 9, 2018 by the Standardization Administration for the People's Republic of China.  This announcement also includes a special action to cut down on the use of all substandard steels in China. The new rebar standard and related action is expected to be implemented by November 2018. Mr. Mark Smith, Chief [...]

PHOENIX, Jan. 16, 2018 -- The Uptick Newswire “Stock Day” podcast keeps investors up to date on the latest penny stock news by bringing transparency in the micro-cap side of the market. Connect with “Stock Day” and to over 600+ interviews from CEO’s on the OTC, Pink Sheets and micro-cap news from around the world by following Stock Day’s YouTube, Google Play and iTunes. Everett Jolly [...]

TORONTO, Jan. 2, 2018 /CNW/ - Largo Resources Ltd. is excited to announce that it has set a new monthly production record at its Maracás Menchen Mine during the month of December 2017. The Company produced 903 tonnes of vanadium pentoxide in December, surpassing by 15 tonnes the Company's previous monthly production record of 888 tonnes set in August 2017.  The production in December 2017 was 12.9% above the [...]