Largo Announces a Proposed Joint Venture with Stryten Energy to Bring Innovation and Scale to North American Vanadium Flow Battery Market
Largo Inc. - Common Shares (LGO)
Company Research
Source: Business Wire
New Relationship Would Establish Integrated Supply Chain for Vanadium and Vanadium Electrolyte Manufacturing; Support Growing Demand For Long-duration Energy Storage Solutions TORONTO--(BUSINESS WIRE)--Largo Inc. (TSX: LGO) (NASDAQ: LGO) is pleased to announce the signing of a non-binding letter of intent with Stryten Energy LLC (“Stryten”) to establish a 50:50 joint venture that would combine the Company’s wholly owned subsidiary, Largo Clean Energy Corp. (“LCE”) with Stryten’s vanadium redox flow battery (“VRFB”) business (the “Proposed Transaction”). This announcement comes in concert with Enel Green Power España and LCE’s go-live of a 5.5-megawatt hour VRFB in Spain, the deployment of one of the largest utility scale vanadium system in Europe.The combination of the parties’ decades of VRFB technology expertise, access to raw vanadium supplies from friendly sources, and high-volume electrolyte production capabilities is expected to transform the long-duration energy storage (“LD
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- Vanadium Miners News For The Month Of March 2024 [Seeking Alpha]Seeking Alpha
- Largo Inc. (NYSE: LGO) had its price target lowered by analysts at HC Wainwright from $9.00 to $4.60. They now have a "buy" rating on the stock.MarketBeat
- Largo Reports Fourth Quarter and Full Year 2023 Financial Results; Continued Focus on Operational Improvements and Cost Reduction to Offset Depressed Vanadium Prices [Yahoo! Finance]Yahoo! Finance
LGO
Sec Filings
- 3/22/24 - Form 40-F
- 3/22/24 - Form 6-K
- 3/18/24 - Form 6-K
- LGO's page on the SEC website