Largo Physical Vanadium Announces Results of Annual Meeting
Largo Physical Vanadium Corp. ("LPV" or the "Company") (TSX.V: VAND, OTCQX: VANAF) announces today the results of its annual meeting of shareholders held earlier. At the meeting, the following six nominees were appointed as directors of the Company (the "Board") to hold office until the close of the next annual meeting of the Company’s shareholders: Paul Vollant, Jonathan Lee, John Kanellitsas, Larry Ciccarelli, Erik Bethel, and Francesco D’Alessio. KPMG LLP were re-appointed as auditors of the Company. The Company’s management information circular containing additional details surrounding the items of business at the meeting is available under the Company’s profile on SEDAR+.
About Largo Physical Vanadium Corp.
Largo Physical Vanadium Corp. (LPV) aims to provide a secure, convenient, and exchange-traded investment alternative for investors interested in having direct exposure to physical vanadium, which is essential for achieving a greener world in critical industries such as steel, aerospace, and energy storage. Vanadium is non-degrading and fully recyclable when used as an electrolyte in vanadium redox flow batteries (VRFBs), offering carbon-reducing attributes when utilized in steel alloying applications. LPV’s strategy involves not merely appreciating the value through vanadium acquisition but also actively supplying vanadium to end users of VRFBs to further advance the integration of renewable energy in long-duration storage. This strategy is integral to LPV’s business model, as it helps to mitigate costs associated with utilizing vanadium in VRFBs due to the metal's unique non-degradation characteristics.
Company Performance and Future Prospects
LPV’s common shares trade on the TSX Venture Exchange under the symbol "VAND". The Company is well-positioned in its market, focusing on sustainable energy solutions through the utilization of vanadium. The growing demand for renewable energy storage solutions has created a favorable environment for LPV’s initiatives in acquiring and supplying vanadium, especially in the context of an increase in the deployment of VRFBs worldwide.
Investment in Vanadium
Investing in vanadium through LPV provides individuals with a direct means of engaging in the energy transition. With the escalating need for renewable energy storage technologies, the role of vanadium is becoming increasingly significant. The Company’s strategy prioritizes not just the acquisition of vanadium but also the active engagement in its application in storage systems, hence adding value to its portfolio while supporting ecological sustainability.
Research and Development Efforts
Research and development remain focal points for LPV as the company seeks to optimize the efficiency of vanadium use in energy storage solutions. By collaborating with industry leaders and technology firms, LPV is exploring advanced applications that cater to the evolving demands of the renewable energy sector. Innovations in this area could potentially enhance the longevity and performance of vanadium-based technologies, positioning LPV at the forefront of the industry.
Contact Information
For further inquiries, please contact:
Francesco D’Alessio
Chief Executive Officer
+1 (571) 491-7827
info@lpvanadium.com
Frequently Asked Questions
What was the outcome of Largo Physical Vanadium's annual meeting?
The annual meeting resulted in the appointment of six new board directors and the re-appointment of KPMG LLP as auditors.
What are the main objectives of Largo Physical Vanadium?
LPV aims to offer a secure investment in physical vanadium while supporting energy storage solutions and sustainability.
How does LPV plan to support renewable energy?
LPV focuses on acquiring and supplying vanadium for use in vanadium redox flow batteries, which are essential for energy storage.
What is the significance of vanadium in the energy sector?
Vanadium is crucial for manufacturing batteries that can store energy from renewable sources, contributing to a greener energy grid.
Where can I find more information about Largo Physical Vanadium?
Additional information about LPV can be found on their official website and through their filings on SEDAR+.
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