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Largo partners with Stryten Energy to establish US vanadium electrolyte manufacturing JV

20th December 2024

By: Creamer Media Reporter

     

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Largo Clean Energy Corp (LCE), a subsidiary of TSX- and Nasdaq-listed supplier of vanadium and ilmenite products Largo, has entered into definitive agreements with an affiliate of US-based battery manufacturer Stryten Energy to establish a joint venture (JV) company to manufacture vanadium electrolyte in the US.

LCE and Stryten will each contribute certain of their vanadium flow battery-related assets and liabilities to the JV company, Storion Energy. Each company will hold a 50% stake in the JV.

“We expect the Storion partnership with Stryten Energy to be highly beneficial to Largo and its clean energy storage investment strategy.

"The transaction aims to maximise the value of Largo’s vanadium products and Storion’s patented purification process, which is expected to accelerate the manufacture of vanadium electrolyte and deployment of vanadium flow battery solutions, which, in turn, is anticipated to increase the demand for vanadium from Largo Physical Vanadium Corp, Largo and the vanadium sector as a whole," says Largo chief commercial officer and LCE president Francesco D’Alessio.

Largo owns and operates the Maracás Menchen mine, in Brazil.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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