Largo Inc. today released financial results for the three months ended March 31, 2024. The Company reported quarterly vanadium pentoxide equivalent sales of 2,765 tonnes at a cash operating cost excluding royalties per pound6 sold of $6.12. Daniel Tellechea, Interim CEO and Director of
Largo, stated: "Having navigated challenges in the first quarter, such as an extended maintenance period which led to increased costs, and a sharp decline in vanadium prices, our focus remains on restoring profitability at
Largo. We continued to realize cost savings at our clean energy division this quarter as a result of initiating our strategic review process, and negotiations with Stryten Energy LLC remain ongoing. While we anticipate elevated costs in the first half...