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

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.