Latest news with #Largo
Business Wire
6 hours ago
- Business
- Business Wire
Largo Announces $6 Million Secured Loan to Support Working Capital
TORONTO--(BUSINESS WIRE)--Largo Inc. (" Largo" or the " Company") (TSX: LGO) (NASDAQ: LGO) today announces that it has entered into a secured loan by way of a promissory note with ARG International AG for a principal amount of $6 million (CAD$8.25 million) (the ' Note '). The Note is expected to provide near-term working capital support as the Company transitions from turnaround execution to steady-state operations amidst continued pressure from low vanadium prices. The Note is secured against the Company's equity interest in Largo Physical Vanadium Corp. (TSX.V:VAND, OTCQX: VANAF), in which the Company holds a 65.7% majority stake. The Note has a term of six months, bears interest at an annualized rate of 15%, and includes a 1% arrangement fee. Proceeds from the Note are intended to strengthen the Company's liquidity position and provide flexibility to continue execution on its plan to improve operations during a sustained weakness in vanadium prices. Daniel Tellechea, Interim CEO of Largo stated: "This loan strengthens our working capital position at a time when our operations have stabilized but market pricing conditions remain challenging. We've made meaningful progress on production and cost efficiencies, and this facility is expected to provide some flexibility to manage through current price pressures while continuing to focus on meeting our set targets for the year.' An early warning report will be electronically filed on and made available under the Company's respective profiles at and A copy of the early warning report can also be obtained by contacting the Company's Investor Relations contact at the information provided below. About Largo Largo is a globally recognized supplier of high-quality vanadium and ilmenite products, sourced from its world-class Maracás Menchen Mine in Brazil. As one of the world's largest primary vanadium producers, Largo produces critical materials that empower global industries, including steel, aerospace, defense, chemical, and energy storage sectors. The Company is committed to operational excellence and sustainability, leveraging its vertical integration to ensure reliable supply and quality for its customers. Largo is also strategically invested in the long-duration energy storage sector through its 50% ownership of Storion Energy, a joint venture with Stryten Energy focused on scalable domestic electrolyte production for utility-scale vanadium flow battery long-duration energy storage solutions in the U.S. Largo's common shares trade on the Nasdaq Stock Market and on the Toronto Stock Exchange under the symbol "LGO". For more information on the Company, please visit Cautionary Statement Regarding Forward-looking Information: This press release contains 'forward-looking information' and 'forward-looking statements' within the meaning of applicable Canadian and United States securities legislation. Forward‐looking information in this press release includes, but is not limited to, statements with respect to the timing and amount of estimated future production and sales; the future price of commodities; the effect of tariffs or trade restrictions on the Company's sales and other business; costs of future activities and operations; the expected use of proceeds of the Facility and their expected impact on the Company's liquidity position and ability to improve its operations; the Company's transition from turnaround execution to steady-state operations; the Company's ability to meet its set targets for the year; and the extent of capital and operating expenditures. The following are some of the assumptions upon which forward-looking information is based: that general business and economic conditions will not change in a material adverse manner; demand for, and stable prices of V2O5 and other vanadium products, ilmenite and titanium dioxide pigment; receipt of regulatory and governmental approvals, permits and renewals in a timely manner; that the Company will not experience any material accident, labour dispute or failure of plant or equipment or other material disruption in the Company's operations at the Maracás Menchen Mine or relating to Largo Clean Energy, especially in respect of the installation and commissioning of the EGPE project; the availability of financing for operations and development; the availability of funding for future capital expenditures; the ability to replace current funding on terms satisfactory to the Company; the ability to mitigate the impact of heavy rainfall; the reliability of production, including, without limitation, access to massive ore, the Company's ability to procure equipment, services and operating supplies in sufficient quantities and on a timely basis; that the estimates of the resources and reserves at the Maracás Menchen Mine are within reasonable bounds of accuracy (including with respect to size, grade and recovery and the operational and price assumptions on which such estimates are based); the accuracy of the Company's mine plan at the Maracás Menchen Mine; that the Company's current plans for ilmenite can be achieved; the Company's ability to protect and develop its technology; the Company's ability to maintain its IP; the competitiveness of the Company's product in an evolving market; the Company's ability to attract and retain skilled personnel and directors; the ability of management to execute strategic goals; that the Company will enter into agreements for the sales of vanadium, ilmenite and TiO2 products on favourable terms and for the sale of substantially all of its annual production capacity; and receipt of regulatory and governmental approvals, permits and renewals in a timely manner. Forward-looking statements can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved', although not all forward-looking statements include those words or phrases. In addition, any statements that refer to expectations, intentions, projections, guidance, potential or other characterizations of future events or circumstances contain forward-looking information. Forward-looking statements are not historical facts nor assurances of future performance but instead represent management's expectations, estimates and projections regarding future events or circumstances. Forward-looking statements are based on our opinions, estimates and assumptions that we considered appropriate and reasonable as of the date such information is stated, subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Largo to be materially different from those expressed or implied by such forward-looking statements, including but not limited to those risks described in the annual information form of Largo and in its public documents filed on and available on from time to time. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Although management of Largo has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Largo does not undertake to update any forward-looking statements, except in accordance with applicable securities laws. Readers should also review the risks and uncertainties sections of Largo's annual and interim MD&A which also apply. Trademarks are owned by Largo Inc.
Yahoo
4 days ago
- Entertainment
- Yahoo
Vince McMahon, Kid Rock, and Other Major Names Attend Hulk Hogan's Funeral
Multiple big names gathered to say goodbye to WWE Hall of Famer Hulk Hogan. Hulk Hogan's funeral took place this week, shortly after he passed away on July 24 at the age of 71. Reports confirmed that Hogan died from an acute myocardial infarction, commonly known as a heart attack. According to PWInsider and The New York Post, the funeral happened on Tuesday, August 5, in Largo, Florida. Several well-known people attended the service, including musician Kid Rock, WWE Chief Content Officer Triple H, his wife Stephanie McMahon, and popular podcaster Theo Von. Former WWE CEO Vince McMahon, wrestling legend Ric Flair, and basketball star Dennis Rodman were also there. Hogan's ex-wife, Linda Hogan, at the service. Ric Flair also commented on the funeral, writing the following on Twitter/X: Triple H: Hulk Hogan's legacy is complicated, but it doesn't diminish his contributions Triple H spoke on The Sports Agents ahead of WWE SummerSlam and shared his thoughts on Hulk Hogan. The Game praised Hogan's impact on the wrestling industry, calling his contributions unmatched. He said, 'His contributions as a performer to this industry are second to none. When asked about working with Hogan, Triple H said he could only speak from his personal experience. 'Look, with anybody that's going to have criticisms of people and I can't state the human being aspects at all of his life. I can only talk about how he treated me, really. And he was always great to me. He was very business-minded. He was steadfast in his beliefs of business, but was professional and easy to work with and a great person to be around.' 'For me personally, for how he dealt with me, I don't have anything negative to say. I understand for a lot of people it's complicated, but that does not take away from his contributions to an industry.' Read More: The post Vince McMahon, Kid Rock, and Other Major Names Attend Hulk Hogan's Funeral appeared first on Wrestlezone.
Daily Mail
4 days ago
- Entertainment
- Daily Mail
Jackass star Bam Margera spots eerie shape of Hulk Hogan in the clouds at WWE icon's funeral
Jackass star has posted an eerie tribute to Hulk Hogan from outside the WWE legend's funeral in Florida. The wrestling icon's friends and family gathered on Tuesday for a funeral to commemorate his life following his death last month. The service is believed to have taken place at Indian Rocks Baptist Church in Largo, Florida. Hogan, real name Terry Bollea, died from a cardiac arrest on July 24 and was also fighting leukemia at the time of his passing. He had been taken ill at his home in Clearwater, Florida before being pronounced dead in hospital. Mourners arrived at the church - which is located around seven miles south of his Clearwater home - Tuesday to say their final farewells to the wrestling legend. One of those was Margera, a stunt performer and skateboarder, and he noticed a cloud pattern above the church in Largo that looked eerily like an image of Hogan performing his iconic pose. The outline of the clouds resembled Hogan posing with his right bicep curled and his left arm extended, a familiar sight to the millions of wrestling fans who followed his career. Margera captioned the posted: 'The cloud outside of Hulk Hogan's funeral at Indian Rocks, Fl. Wow! You see what I see?? If this isn't a sign then I don't know what is'. Last month, Margera admitted to having a 'really rough week' as he mourned the loss of both Hogan and Ozzy Osbourne. The WWE icon passed away just two days after the Black Sabbath singer died at the age of 76. Margera, 45, paid emotional tributes to both the late stars on his Instagram page - and further opened up about their 'shocking' deaths while talking to TMZ. 'It's been a really rough week,' he told the outlet while joined by his wife Dannii Marie. 'Especially with the Hogans. My heart goes out to all of them.' Margera then recalled recently spending the winter down in Florida with Hogan and his family while he 'skated with the pros.' The MTV star said he had crossed paths with Hogan one day who was 'walking around with a cane' and when he mentioned Marie was a stretch therapist, the wrestler said that was something he needed. 'So, we pretty much stayed in Florida the whole winter for the Hogans.' Margera shared memorable moments they had together, including karaoke nights on Mondays which they did 'all the time.' Margera got a chance to say a final farewell to Hogan on Tuesday and was among some of the high-profile mourners in Florida. A hearse carrying Hogan's coffin pulled up outside the place of worship before eight pallbearers carried him into the church. The pallbearers paid an emotional tribute to Hogan as they sported yellow roses on the lapels of their black suit jackets - a nod to the bright color the late wrestler famously wore during his career in the ring. Hogan's ex-wife Linda, who was married to the wrestler from 1983 to 2009, was seen exiting the service, despite their differences in the months before his death. Linda, who shares daughter Brooke, 37, and son Nick, 35, with the late Hogan, accused her former husband of being a 'complete liar' and 'sex addict' in a video back in March. She also claimed their family is 'in the worst mess' after Brooke cut both parents out of her life. Triple H, Kid Rock and Ric Flair were among the notable attendees paying their respects to Bollea and Flair, who himself has been fighting skin cancer recently, paid a heartfelt tribute to his old friend after the service. 'Even In Heaven, He Sold Out Again,' Flair, 76, wrote. 'The Most Beautiful Funeral I've Ever Attended! EVERYONE Was There. 'From Kid Rock to Triple H, to Vince McMahon to Dennis Rodman. The Whole World Showed Up To Pay Respect To The Greatest Of Them All! Rest In Peace Hulkster!' Hogan's daughter-in-law, Tana Lea, paid a heartfelt tribute to the father of her husband, Nick. 'Today was beautiful and I know you have loved having all your favorite people together, celebrating you! We love you big dawg, forever and always,' she wrote. According to his death certificate, he is going to be cremated at Pinellas County Forensic Center in Clearwater, though a specific date has not yet been announced for that. After the service, many of the WWE icon's friends went to Hogan's Hangout, a bar in Clearwater that celebrates the wrestler. President Trump, who Hogan campaigned for at Madison Square Garden last October before the election, did not attend. But he shared a picture of him arm wrestling his old friend on Instagram and wrote: 'They are having the "Hulkster's" funeral today, and I thought everybody would enjoy seeing this picture.' Hogan's estranged daughter, Brooke, meanwhile, held a personal tribute to her late dad. 'My father hated the morbidity of funerals. He didn't want one,' Brooke, 37, explained on Instagram Tuesday evening. 'And although I know people grieve in many ways - and I'm so grateful for all celebrations and events organized to honor him, as his daughter, I had to make my own decision to honor him the best way I knew way that made me feel the closest to him. The only thing missing today was him in is pop up lawn chair watching the waves... and the sunset.'
Yahoo
5 days ago
- Entertainment
- Yahoo
Celebrities Filled the Church for Hulk Hogan's Funeral—but One Absence Stood Out
Celebrities Filled the Church for Hulk Hogan's Funeral—but One Absence Stood Out originally appeared on Men's Fitness. Hulk Hogan was laid to rest this week. His funeral was held on August 5 at Indian Rocks Baptist Church in Largo, FL. As a nod to his signature wrestling attire, pallbearers wearing yellow boutonnieres carried Hogan's coffin into the service, as reported by The Post. Many celebrities and athletes alike were in attendance to pay their respects to Hogan—including Ric Flair, Stephanie McMahon, Bam Margara, Theo Von, Triple H, Vince McMahon, Kid Rock, Dennis Rodman, and more. "Even In Heaven, He Sold Out Again. The Most Beautiful Funeral I've Ever Attended! EVERYONE Was There," Flair shared on X. "The Whole World Showed Up To Pay Respect To The Greatest Of Them All! Rest In Peace Hulkster!"WWE has honored Hogan several times since his passing, observing moments of silence on Raw, SmackDown, and NXT. He also received a tribute from the White House following his death. Hogan died July 24 at 71 after suffering a heart attack at his Clearwater home. He was rushed to the hospital but later pronounced dead. Hogan's daughter, Brooke, did not attend the funeral. She shared photos at the beach with her children to honor her late father, saying the only thing missing was him in a "pop up lawn chair watching the waves." "My father hated the morbidity of funerals. He didn't want one. And although I know people grieve in many ways - and I'm so grateful for all celebrations and events organized to honor him, as his daughter, I had to make my own decision to honor him the best and most genuine way I knew way that made me feel the closest to him," she wrote on social Filled the Church for Hulk Hogan's Funeral—but One Absence Stood Out first appeared on Men's Fitness on Aug 6, 2025 This story was originally reported by Men's Fitness on Aug 6, 2025, where it first appeared. Solve the daily Crossword
Yahoo
5 days ago
- Entertainment
- Yahoo
Dozens gather at Florida church for Hulk Hogan's funeral service
LARGO, Fla. (AP) — Dozens of people gathered Tuesday evening at a funeral service for famed wrestler Hulk Hogan, who died last month at 71. The private service was held at the same church where Hogan, whose real name was Terry Bollea, was baptized in 2023. He died after suffering a heart attack July 24 at his home in Clearwater, according to the Pinellas County medical examiner. Hogan previously had leukemia and atrial fibrillation, an irregular heart rhythm, the examiner's report said. His death was declared to be natural. The service was heavily patrolled by church security and Largo police officers, including K-9 dogs. Anyone not on the guest list was turned away near signs that read, 'Private Event.' President Donald Trump posted a photo on his Truth Social platform showing him arm wrestling Hogan, saying, 'They are having the 'Hulkster's' funeral today, and I thought everybody would enjoy seeing this picture.' Gov. Ron DeSantis ordered flags flown at half-staff at all official buildings last Friday, which he declared 'Hulk Hogan Day in Florida.' Hogan was perhaps the biggest star in WWE's long history, known for both his larger-than-life personality and his in-ring exploits. He was the main draw for the first WrestleMania in 1985 and was a fixture for years, facing everyone from Andre The Giant and Randy Savage to The Rock and even WWE co-founder Vince McMahon. Hogan was also a celebrity outside the wrestling world, appearing in numerous movies and television shows, including 'Hogan Knows Best,' a reality show about his life on VH1. Hogan's body will be cremated. His daughter Brooke Bollea Oleksy, better known by her stage name Brooke Hogan, memorialized her father in a recent social media post. 'I am so grateful I knew the real version of him. Not just the one the world viewed through a carefully curated lens,' she wrote on Instagram.
