Largo’s lenders cancel, defer funding requirements as vanadium price continues to rise

July 12, 2017

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Canadian vanadium producer Largo Resources’s syndicate of lenders under existing debt facilities have agreed to terminate and defer capitalisation requirements totalling $10-millionon the back of rising vanadium prices.
The TSX-listed firm, which built and operates the Maracas Menchen mine, in Brazil’s state of Bahia, was required by the lenders of its 2017 facilities to recapitalise the project by $5-million in March and by another $5-million in June.

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