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Largo Resources Ltd (LGO.TO)

LGO.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Largo Resources Announces Completion Of Restructuring Of Debt Facilities With Banco Pine
Wednesday, 4 Apr 2018 07:30am EDT 

April 4 (Reuters) - Largo Resources Ltd ::ANNOUNCES COMPLETION OF RESTRUCTURING OF DEBT FACILITIES WITH BANCO PINE.AS A RESULT OF RESTRUCTURING, APPROXIMATELY USD$9 MILLION OF DEBT OWED BY VMSA HAS BEEN PAID DOWN.‍ALONG WITH OPERATING UNIT COMPLETED A RESTRUCTURING & CONVERSION OF VANÁDIO'S EXISTING DEBT FACILITIES WITH BANCO PINE S.A​.‍REMAINING DEBT BALANCE HAS BEEN RESTRUCTURED OVER AN ABOUT 6.5 YEAR PERIOD​.  Full Article

Largo Q4 Revenue $49 Million
Friday, 23 Mar 2018 02:05pm EDT 

March 23 (Reuters) - Largo Resources Ltd ::LARGO REPORTS HIGHLIGHTS OF ITS FISCAL 2017 FINANCIAL AND OPERATING RESULTS.LARGO RESOURCES LTD - QTRLY REVENUE $49 MILLION VERSUS $31.5 MILLION.  Full Article

Largo Resources Announces Binding Term Sheet On Restructuring Of Remaining Debt Facilities With Banco Pine
Thursday, 8 Mar 2018 08:30am EST 

March 8 (Reuters) - Largo Resources Ltd ::LARGO RESOURCES LTD. ANNOUNCES BINDING TERM SHEET IN RESPECT OF THE RESTRUCTURING OF REMAINING DEBT FACILITIES WITH BANCO PINE.LARGO RESOURCES- CO, OPERATING UNIT ENTERED BINDING TERM SHEET FOR RESTRUCTURING, CONVERSION OF UNIT'S EXISTING DEBT FACILITIES WITH BANCO PINE S.A.LARGO RESOURCES LTD - UNDER DEAL TERMS, CO WILL BUY FROM LENDER ABOUT $9 MILLION OF FACE VALUE OF OUTSTANDING AMOUNT OF FACILITY.LARGO RESOURCES - UNDER DEAL TERMS,REMAINING AMOUNT OUTSTANDING UNDER FACILITY WILL THEN BE AMENDED FOR MATURITY DATE 7 YEARS FROM DATE OF EXECUTION.  Full Article

Largo Announces Agreement To Qualify, Produce And Sell Vanadium Powder
Monday, 5 Mar 2018 07:30am EST 

March 5 (Reuters) - Largo Resources Ltd ::LARGO ANNOUNCES AGREEMENT TO QUALIFY, PRODUCE AND SELL VANADIUM POWDER & PROVIDES OPERATIONAL AND VANADIUM MARKET UPDATE.LARGO RESOURCES LTD - WILL BEGIN PRODUCTION OF V2O5 POWDER TO SUPPLEMENT ITS CURRENT VANADIUM PENTOXIDE FUSED FLAKE PRODUCTION DURING Q1 2018.LARGO RESOURCES LTD - ‍ INTENDS TO QUALIFY, PRODUCE AND SELL VANADIUM PENTOXIDE POWDER VIA GLENCORE INTERNATIONAL AG​.  Full Article

Largo Resources reports Q3 basic earnings per share $0.03
Monday, 6 Nov 2017 06:30pm EST 

Nov 6 (Reuters) - Largo Resources Ltd ::Largo reports first quarterly net income and other financial and operational highlights for q3 2017.Largo Resources Ltd-qtrly ‍revenues $53.5 million versus $20.8 million​.Qtrly basic earnings per share $0.03 ‍​.Largo resources ltd sees ‍2017 average annual production 9251 tonnes.  Full Article

LARGO RESOURCES SAYS PRODUCED 2513 TONNES OF VANADIUM PENTOXIDE IN Q3 2017
Tuesday, 3 Oct 2017 08:37am EDT 

Oct 3 (Reuters) - Largo Resources Ltd ::LARGO RESOURCES LTD - PRODUCED 2513 TONNES OF VANADIUM PENTOXIDE IN Q3 2017.  Full Article

Largo Resources reports Q2 loss per share $0.03
Monday, 14 Aug 2017 08:30am EDT 

Aug 14 (Reuters) - Largo Resources Ltd :Largo reports highlights of its Q2 2017 financial and operating results.Largo Resources Ltd - qtrly revenues $35.8 million versus $18.9 million.Qtrly loss per share $0.03.Largo Resources Ltd - ‍overall metallurgical V2O5 recovery increased to 74.3% in Q2 2017, from 71.8% in Q1 2017​.  Full Article

Largo Resources Ltd announces a non-binding term sheet with Banco Pine
Monday, 24 Jul 2017 08:41am EDT 

July 24 (Reuters) - Largo Resources Ltd ::Largo Resources Ltd announces a non-binding term sheet in respect of the restructuring and conversion of existing debt facilities with Banco Pine.Largo Resources- co, lender anticipate agreement to provide for conversion of full outstanding amount under usd facility into common shares of Largo​.Largo Resources Ltd- ‍it is expected that, upon conversion of debt to common shares, lender will enter into a lock-up agreement​.Largo Resources - conversion of existing $4.4 million credit facility between co , lender into shares of largo to be issued within 60 days from date of deal.Largo - proposed arrangement includes renegotiation of repayment schedule for existing brl $89.1 million credit facility between vanádio & lender.Largo Resources - payment schedule for brl facility to be amended to allow vanádio up to 290 days from execution to pay $8.5 million towards outstanding amount.Largo-‍upon fulfilment of initial payment, expected that remaining amount outstanding under brl facility will be refinanced through new loan agreement​.  Full Article

Largo says termination and waiver of March, June capitalization requirements
Wednesday, 12 Jul 2017 07:11am EDT 

July 12 (Reuters) - Largo Resources Ltd :Largo announces termination and waiver of March and June 2017 capitalization requirements, respectively, by Brazilian banks.Largo Resources Ltd- ‍lenders under company's existing debt facilities have agreed to terminate US$5 million March 2017 capital injection requirement​.Largo Resources - Vanádio de Maracás will pay, out of cash flow from operations, about CDN$13 million in amounts owing to lenders over course of 2017​.Largo Resources -lenders under existing debt facilities agreed to postpone additional US$5 million June 2017 capitalization requirement until Dec 31, 2017.Largo Resources - lenders agreed if co complies with payment obligation then on Dec 31, 2017, June 2017 capitalization requirement will be terminated.  Full Article

Largo Resources posts Q1 basic loss per share $0.02
Monday, 15 May 2017 07:32am EDT 

May 15 (Reuters) - Largo Resources Ltd :Largo Reports highlights of its Q1 2017 financial and operating results.Largo Resources Ltd - qtrly revenues $29.4 million versus $10 million.Largo Resources Ltd - qtrly basic loss per share $0.02.Largo Resources Ltd - sees FY average annual production 9,361 tonnes.  Full Article