Largo Inc (LGO)

[douginil]

Possible domestic source for Vanadium

Set to be the next vanadium producer in 2019

The Sunday Mine Complex {in Colorado} is a complex of 5 interconnected underground mining claims totaling about 3,748 acres (most recently mined in 2009) covering both uranium and vanadium mines with historic production. The Company has reported strong grades present at the Sunday Mine Complex including V2O5 ~1.49% to 2.16% and U3O8 ~0.25% to 0.36%, with a large surface stockpile of 100,000 tons. The total vanadium historic resource is ~35,000,000 lbs and the total uranium historic resource ~70,000,000 lbs.

The Sunday mine is fully permitted and due to re-open in early 2019. It will be ready for vanadium production in H2 2019 in the form of Direct Shipping Ore, direct to a third party processing plant. A couple of years later the Company plans to build their own processing plant. Given the mine is a re-start, the existing infrastructure is excellent.

Read more at (ignore the Uranium stuff:
https://investorintel.com/sectors/uranium-energy/uranium-energy-intel/western-uranium-vanadium-is-set-to-be-the-next-vanadium-producer-in-h2-2019/?utm_source=InvestorIntel+General+Email+List&utm_campaign=e0f3ea8e64-INVESTOR_INTEL_DAILY_RSS&utm_medium=email&utm_term=0_e78262a875-e0f3ea8e64-46124525