Largo Announces the Appointment of Andrea Weinberg to its Board of Directors
Largo Announces the Appointment of Andrea
Weinberg to its Board of Directors
TORONTO--(BUSINESS WIRE)--May 1, 2023--Largo Inc. ("Largo" or the "Company") (TSX:
LGO) (NASDAQ: LGO) announces today that Andrea Weinberg has been appointed as an
independent director to the Company’s Board of Directors (“Board”).
J. Alberto Arias, Chairman of Largo’s Board of Directors commented: “Andrea's extensive
knowledge of the metals sector, global financial markets, and specifically Brazil, her native
country where she resides, makes her an excellent addition to our Board of Directors. With
Andrea, the Board has gained an invaluable member who will assist the Company in enhancing
value for Largo shareholders.” He continued: “In addition, Andrea most recently served on the
board of Largo Physical Vanadium Corp. ("LPV") during its founding, providing her with a
thorough understanding of both the vanadium market fundamentals and the innovative business
model we developed between Largo, Largo Clean Energy and LPV. It is our view that LPV has
the potential to substantially improve the competitiveness of the vanadium flow battery industry
in the future and the prospects of vanadium demand in general.”
Andrea Weinberg commented: “As the vanadium industry enters an exciting new phase of
growth, largely driven by the world’s decarbonization needs and clean energy transition, it is my
pleasure to join Largo's Board of Directors and work closely with the management team and
other Board members to execute on the Company's two-pillar business strategy. Largo has
developed a compelling business proposition to help advance a low-carbon future and I am
excited to be a part of it going forward."
Ms. Weinberg is a Director of Cosan, a Brazilian holding company of logistics, gas, fuels,
lubricants and mining assets in Brazil. She has over 25 years of experience in the financial
markets working at companies such as BTG Pactual, BlackRock for Latin American and Global
Emerging Market funds, AllianceBernstein and Dynamo Administradora de Recursos covering
commodities (metals & mining, pulp and paper and oil), amongst other things. Before joining the
buyside industry, Ms. Weinberg worked as a sell side analyst at Merrill Lynch (2004-2007) and
Goldman Sachs (1998-2004) covering the Metals & Mining sector. Ms. Weinberg holds a
Bachelor of Science in Chemical Engineering from Universidade Federal do Rio de Janeiro and a
Master’s Degree in Financial Engineering & Operations Research from Columbia University.
About Largo
Largo has a long and successful history as one of the world’s preferred vanadium companies
through the supply of its VPURETM and VPURE+TM products, which are sourced from one of
the world's highest-grade vanadium deposits at the Company's Maracás Menchen Mine in Brazil.
Aiming to enhance value creation at Largo, the Company is in the process of implementing an
ilmenite concentration plant using feedstock sourced from its existing operations in addition to
advancing its U.S.-based clean energy division with its VCHARGE vanadium batteries. Largo’s
VCHARGE vanadium batteries contain a variety of innovations, enabling an efficient, safe and
ESG-aligned long duration solution that is fully recyclable at the end of its 25+ year lifespan.
Producing some of the world’s highest quality vanadium, Largo’s strategic business plan is based
on two pillars: 1.) leading vanadium supplier with an outlined growth plan and 2.) U.S.-based
energy storage business support a low carbon future.
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
www.largoinc.com.
Contacts
Investor Relations
Alex Guthrie
Senior Manager, External Relations
+1.416.861.9778