Largo Resources Ltd. (TSXV:LGO) announced that Vanadio de Maracas Ltda., a 100% owned Brazilian subsidiary of Largo, has received binding commitments from a consortium of commercial banks for guarantees in the principal amount of up to US$150 million.
Largo Resources (TSXV:LGO) announced that the Brazilian Development Bank has provided the Company with a formal letter (the "Enquadramento") to confirm that the Company's Maracás Vanadium Project is eligible to receive a 100% direct loan with an eight year term to fully finance the Maracás Vanadium Project.
Largo Resources Ltd. (TSXV:LGO) is pleased to announce that The Environmental and Water Resources Agency of the State of Bahia ("INEMA"), has granted the final Installation License (the "Construction License" or "LI") to Largo's subsidiary, Vanádio de Maracás S.A.
Largo Resources Ltd. (CVE:LGO) announced it has received approvals to develop a processing facility at the Brazil-based Maracas project.
Vanadium used mainly for as an alloying agent for steel is getting more attention due to innovations in battery technology, namely vanadium redox flow batteries. Looking to get in while demand for the metal is surging mining juniors are aggressively seeking new deposits.
Largo Resources announces conditional approval for debt financing at its Maracás vanadium property while increasing its share in its Yukon Tungsten-Molybdenum property.
Largo Resources Ltd. (TSX VENTURE:LGO) reported that the company has negotiated a formal extension of the term during which it can purchase an additional 40% interest in Companhia de Maracas, the operating company and holder of its Maracas Project, Bahia State, Brazil from Odebrecht S.A.("Odebrecht") and Vale S.A. to March 31, 2010.
Largo Resources Ltd. (TSX VENTURE:LGO) updated on the company's activities including the Maracas Vanadium Project in Bahia State, Brazil, the Northern Dancer Tungsten-Molybdenum project in the Yukon Territory, Canada, and the new acquisition of tungsten assets in Currais Novos, Rio Grande de Norte, Brazil.
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