Largo Inc. (T:LGO*CA)

Business Focus: Uranium Mining

Sector:  Energy Industry:  Uranium
 
Company Contact
Address: 65 Queen Street West, Suite 820
TORONTO ON M5H 2M5
Tel: 1-416-8619778
Website: https://largoinc.com/English/home/default.aspx
IR: See website
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Key People
Daniel Ramon Tellechea
Interim Chief Executive Officer, Director
Ernest M. Cleave
Chief Financial Officer
Paul Vollant
Vice President - Commercial
Business Overview
Largo Inc. is a Canada-based producer and supplier of vanadium products. The Company's segments include sales & trading, mine properties, corporate, exploration and evaluation properties (E&E properties), Largo Clean Energy and Largo Physical Vanadium. Its VPURE and VPURE+ products, which are sourced from one of the vanadium deposits at the Company's Maracas Menchen Mine in Brazil. The Company is also focused on the advancement of renewable energy storage solutions through Largo Clean Energy and its vanadium redox flow battery technology (VRFB). The Company is also engaged in the process of implementing a titanium dioxide pigment plant using feedstock sourced from its existing operations, in addition to advancing its United States-based clean energy division with its VCHARGE vanadium batteries. VPURE+ Flakes are used in the production of master alloys, where it provides high strength-to-weight ratios for the titanium alloy and aerospace industries.
Financial Overview
For the fiscal year ended 31 December 2023, Largo Inc revenues decreased 13% to $198.7M. Net loss increased from $1.5M to $30.3M. Revenues reflect Mine Properties segment decrease of 17% to $154.5M, Sales & trading segment decrease of 14% to $170.9M. Higher net loss reflects Interest expense and fees increase from $1.4M to $9.3M (expense), Exploration and evaluation costs increase from $1.9M to $5.7M (expense).
Employees: 533 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $175.86M as of Dec 31, 2023
Annual revenue (TTM): $271.42M as of Dec 31, 2023
EBITDA (TTM): $20.95M as of Dec 31, 2023
Net annual income (TTM): -$41.45M as of Dec 31, 2023
Free cash flow (TTM): -$44.41M as of Dec 31, 2023
Net Debt Last Fiscal Year: $46.19M as of Dec 31, 2023
Shares outstanding: 64,051,362 as of Jan 16, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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