TORONTO (miningweekly.com) – Vanadium producer Largo Resources announced Wednesday that the TSX has approved the listing of its common shares, starting from July 4.
The company would retain the ticker ‘LGO’ after trading of its TSX-V-listed stock ceased on Monday.
“We are very excited to begin trading on the TSX as it provides Largo with greater visibility to the marketplace, broader exposure to international and institutional investors, and increased liquidity. While the TSX-Venture Exchange has served us well, this graduation was the next natural step for Largo,” stated Largo president and CEO Mark Smith.
Largo had recently hit new vanadium pentoxide (V2O5) production records at its flagship Maracás Menchen mine, in Bahia, Brazil, bringing the operation a step closer to achieving nameplate capacity. The project was expected to produce on average 11 400 t/y of V2O5 equivalent over a 29-year mine life.