Largo Inc (LGO)

[IG13]

Has There Been A Better Time To Be Invested In Vanadium?

In recent weeks, market analysts have been buzzing about the future of vanadium and the value that it can provide as a means of energy storage, even go as far as branding it as a “super metal”.

This morning news emerged that Largo (TSX:LGO) has been allowed to expand a vanadium mine in Brazil, with some reports claiming that it will allow them to increase their output by as much as 25%. According to the statement, this mine boasts “one of the highest-grade vanadium resources in the world and is one of the lowest cost producers of the material in the market”. This substantial increase in capacity on time and on budget definitely makes Largo’s stock one to watch going forward.

This follows recent reports that United Battery Metals (CSE:UBM) (OTCBPK:UBMCF) have tripled their land position in their Wray Mesa project to over 3,000 acres where they’ll carry out a wide range of work such as geologic mapping, surfing reconnaissance, and geochemical sampling which will help them to identify potential drill targets. I’ll definitely be keeping a close eye on press releases going forward to see what the outlook is for UBM as the work continues.