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Largo secures equity funds for Maracás

Toronto-listed Largo Resources has arranged a sizeable equity raise as it looks to put its Maracás Menchen vanadium mine in Brazil back on firm footing.

Largo secures equity funds for Maracás Largo secures equity funds for Maracás Largo secures equity funds for Maracás Largo secures equity funds for Maracás Largo secures equity funds for Maracás

Largo’s Maracás Menchen mine has a stage one capacity of 11,400tpa of vanadium oxide

The company has arranged a US$26.5 million private placement at C$0.175 per unit of Largo (US$0.12/unit), which consists of one share and half a warrant (to be exercised at C$0.