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Largo Resources ( (TSE:LGO) ) has shared an update.
Largo Inc. has finalized a joint venture with Stryten Energy to form Storion Energy, aimed at strengthening U.S. energy resilience and addressing long-duration energy storage needs. This partnership creates a fully integrated vanadium electrolyte supply chain in North America, enhancing grid stability and energy security. Storion will leverage Largo’s vanadium supply, LPV’s innovative electrolyte leasing model, and Stryten’s manufacturing capabilities to provide cost-competitive solutions, positioning Largo as a leading supplier in the vanadium flow battery market.
More about Largo Resources
Largo Inc. operates in the energy sector, focusing on the production and supply of vanadium, a key component in flow batteries. The company is engaged in advancing the adoption of vanadium flow battery technology through its subsidiary, Largo Clean Energy Corp., and leveraging its expertise in vanadium supply to enhance energy storage solutions.
YTD Price Performance: -1.46%
Average Trading Volume: 115,424
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $109.5M
Find detailed analytics on LGO stock on TipRanks’ Stock Analysis page.
