Largo Physical Vanadium To Commence Trading On The TSX Venture Exchange Under The Symbol “Vand” On September 27, 2022
Largo Physical Vanadium Corp. (“LPV” or the “Company”) (TSXV: VAND) is pleased to announce that its common shares will commence trading on the TSX Venture Exchange (the “TSXV”) under the ticker symbol “VAND” on Tuesday, September 27, 2022.
On September 15, 2022, the Company completed its previously announced qualifying transaction (the “Qualifying Transaction”) pursuant to the policies of the TSXV. The Company has met all post-closing conditions required in respect of the Qualifying Transaction and on September 23, 2022, the TSXV granted final approval of the Qualifying Transaction.
Paul Vollant, President and Chief Executive Officer of LPV commented: “The listing of LPV’s shares marks an important milestone in advancing the Company’s strategy to provide investors with direct exposure to vanadium, a key green transition metal.” He continued: “By leveraging the unique characteristics of vanadium, LPV offers investors a secure, asset-backed investment that is expected to contribute to the world’s low carbon future through the enhanced adoption of vanadium redox flow batteries (“VRFB”) in the long duration energy storage sector. LPV allows for the separation of vanadium costs, a crucial component of the VRFB system’s cost, from VRFB customers.” He continued: “We are proud to be pioneers in this strategy and look forward to growing vanadium demand in the future.”
About Largo Physical Vanadium Corp.
Largo Physical Vanadium Corp. (LPV) offers pure-play exposure to vanadium through its holdings of physical vanadium. LPV aims to provide a secure, convenient and exchange-traded investment alternative for investors interested in having direct exposure to physical vanadium, a metal essential to achieving a greener world in key industries such as steel, aerospace and energy storage. Vanadium is non-degrading and fully recyclable when used as electrolyte in vanadium redox flow batteries (VRFBs) and offers carbon reducing attributes when used in steel alloying applications. LPV’s strategy is not only to achieve appreciation through the acquisition of vanadium, but to own and actively supply vanadium to end users of VRFBs to advance to integration of renewable energy in long duration storage. This strategy is integral to LPV’s business plan, as it necessarily defrays the costs associated with using vanadium in VRFBs through the unique non-degradation characteristics of the metal.
Beginning September 27, 2022, LPV’s common shares will trade on the TSX Venture Exchange under the symbol “VAND”.
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