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[Ferro-Alloys.com]

TORONTO--(BUSINESS WIRE)-- Largo Resources Ltd. ("Largo" or the "Company") (TSX： LGO) (OTCQX： LGORF) announces that， the Company， following a determination of its Board of Directors in accordance with the parameters authorized by the Company’s shareholders at the Special Meeting of Shareholders held on March 1， 2021 (the “Meeting”)， has filed articles of amendment implementing a consolidation of the Company’s issued and outstanding common shares ("Common Shares") on the basis of one (1) post-consolidation Common Share for every ten (10) pre-consolidation Common Shares (the "Consolidation"). The Common Shares are expected to commence trading on the Toronto Stock Exchange (the “TSX”) on a post-consolidation basis at the open of trading on March 8， 2021.

The Company is also pleased to announce that it has submitted an initial application to list its Common Shares on the Nasdaq Stock Market (the "Nasdaq")， with the view of increasing access to U.S. capital markets and enhancing overall shareholder value.

Paulo Misk， President and Chief Executive Officer of Largo， stated： “We are very excited about the prospect of listing on the Nasdaq and the Company’s share consolidation was a crucial step in achieving this. We believe a U.S. listing will benefit our business and shareholders as we seek to further execute on strategically developing our U.S.-based Largo Clean Energy division into an industry-leading， vertically integrated vanadium redox flow battery business.”

 

Source: Largo Resources Ltd.