Largo Resources obtains license for vanadium project in Brazil

Canadian junior miner Largo Resources announced today that the Environmental State Council of Bahia (CEPRAM) has granted the localization license for its Maracas vanadium project in the state of Bahia in eastern Brazil. The company’s President and CEO Mark Brennan, President and CEO said in a statement he is “very proud” of Largo’s technical team for achieving the milestone. "The company will now explore financing opportunities and complete the required work for obtaining the installation license".

Besides the installation license, which involves an approval process involving only Largo and the aforementioned government agencies including the process includes the submission of more details of the project and a detailed description of the proposed environmental management system that was outlined in the localization license, the Canadian junior must obtain an operating license which is granted during the final stages of commissioning and confirms that the project has been constructed as planned and in accordance with the law.

Largo Resources is a Canadian junior miner with both development and exploration activities, and has two advanced stage projects: the Maracas vanadium-PGM deposit in Brazil and the Northern Dancer tungsten-molybdenum deposit in the northern Canadian province of Yukon.