VANCOUVER, BC, September 26, 2022 /CNW/ – Largo Physical Vanadium Corp. (“LPV“or the”Company“) (TSXV: VAND) is pleased to announce that its common shares will begin trading on the TSX Venture Exchange (the “TSXV“) under the symbol “VAND” on Tuesday, September 27, 2022.
On September 15, 2022the Company has completed its previously announced qualifying transaction (the “Eligible transaction“) in accordance with the policies of the TSXV. The Company has satisfied all post-closing conditions required in respect of the Qualifying Transaction and upon September 23, 2022the TSXV has granted final approval of the qualifying transaction.
Paul VolantPresident and CEO of LPV said: “LPV’s stock listing marks an important step 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 increased adoption of vanadium redox flow batteries. (“VRFB”) in long-term energy storage. LPV helps separate the costs of vanadium, a crucial element of VRFB system cost, from VRFB customers.” He continued: “We are proud to be the pioneers of this strategy and look forward to the growing demand for vanadium in the future..”
Investors can find additional information regarding LPV and its weekly Net Asset Value (“NAV”) calculations at www.lpvanadium.com. The Company plans to begin publishing weekly NAV figures on September 30, 2022.
About Largo Physical Vanadium Corp.
Largo Physical Vanadium Corp. (LPV) provides pure vanadium exposure through its physical vanadium holdings. LPV aims to provide a secure, convenient and exchange-traded investment alternative for investors interested in direct exposure to physical vanadium, a metal critical to achieving a greener world in key industries such as steel, aerospace and energy storage. Vanadium is non-degradable and fully recyclable when used as an electrolyte in vanadium redox flow batteries (VRFB) and offers carbon reduction properties when used in alloy steel applications. LPV’s strategy is not just to gain appreciation through the acquisition of vanadium, but to actively own and supply vanadium to end users of VRFBs to progress towards the integration of renewable energy into long-term storage. . This strategy is an integral part of LPV’s business plan, as it necessarily covers the costs associated with the use of vanadium in VRFBs due to the metal’s unique non-degradation characteristics.
Beginning September 27, 2022, the common shares of LPV will trade on the TSX Venture Exchange under the symbol “VAND”. For more information, please visit www.lpvanadium.com.
Caution regarding forward-looking information:
This press release contains forward-looking information under applicable securities laws (“forward-looking information”). Forward-looking information can be identified by the use of forward-looking terminology such as “anticipates”, “expects” or “does not expect”, “is planned”, “budget”, “expected”, “estimates”, “anticipates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions or statements that certain actions, events or results “could”, “could”, “would”, “could” or “will be taken”, “will occur” or “will be carried out”. All information contained in this press release, other than statements of current and historical facts, is forward-looking information. Forward-looking information in this press release includes, but is not limited to, statements regarding when LPV’s stock will begin trading on the TSXV, LPV’s business strategy and plans, the market VRFB and the value, demand and uses for vanadium.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to differ materially from those expressed or implied. -understood by this forward-looking information, including, but not limited to, the risks relating to the risks listed in Part VI – “Risk Factors” in the declaration of deposit of the September 13, 2022 filed under the Company’s SEDAR profile at www.sedar.com . Forward-looking information is based on the opinions and estimates of management as of the date such information is provided. Although LPV’s management has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be those anticipated, estimated or foreseen. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. LPV does not undertake to update forward-looking information except in accordance with applicable securities laws.
SOURCELargo Physical Vanadium Corp.
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