Vanadium Company News Directory

Largo Resources to Secure C$12 Million Bridge Loan

Largo Resources (TSXV:LGO) has agreed to a term sheet with respect to a $12 million non-revolving, convertible term loan facility with an interest rate of 20 percent per year. Funds will be used to finance develop costs for Largo's Maracas Menchen mine in Brazil.

TNG Announces Agreement with Korean Metals Group

TNG Ltd. (ASX:TNG) announced that it has signed an agreement with Korea-based ferrovanadium producer Woojin Industrial Co. Ltd. (WJN) for the sale of up to 60 percent of the vanadium from its flagship Mount Peake vanadium-titanium-iron project.

VanadiumCorp Releases Lac Dore Resource Estimate: Inferred 111.9Mt @ 0.42% V2O5

VanadiumCorp Resource Inc. (TSXV:VRB) released its mineral resource estimate for the Lac Dore Vanadium Project in Quebec: based on assay results from the magnetite concentrate only, the Lac Dore East Deposit has an Inferred resource of 28,444,000 tonnes of magnetite concentrate grading 1.09% V2O5. The overall Inferred resource represents 111,934,000 tonnes (not only concentrate) grading 0.42% V2O5.

Largo Resources Receives Term Sheet for Debt Restructuring

After receiving some skepticism from at least one analyst regarding its production guidance and outlook for 2015, Largo Resources (TSXV:LGO) appears to have made progress towards a debt restructuring agreement. The company announced Monday that it had received a non-binding indicative term sheet from its existing lenders to defer its debt amortization schedule and extend maturities for its construction debt facility for the Maracas Menchen Mine.