TORONTO, May 11, 2023
/CNW/ - Largo Physical Vanadium Corp. ("LPV" or the
"Company") (TSXV: VAND) (OTCQX: VANAF) is pleased to
announce that its common shares will commence trading today on the
OTCQX® Best Market ("OTCQX") under the symbol "VANAF".
The Company's common shares will continue to trade on the TSX
Venture Exchange under the symbol VAND.
A listing on the OTCQX is expected to increase visibility and
convenience for U.S. investors, resulting in increased liquidity
and a wider audience.
Paul Vollant, Chief Executive
Officer of LPV commented: "By listing on the OTCQX, the
Company is expected to reach a broader investor audience and
improve its current liquidity, which is crucial for continued
growth. A U.S. listing represents a significant milestone for the
Company and provides millions of U.S. investors with easier access
to LPV shares, allows the Company to tap into larger pools of
capital going forward."
The OTCQX® Best Market offers established companies the
advantages of being publicly traded in the U.S. with lower cost and
complexity than a U.S. exchange listing. Investors benefit from
convenient trading through their preferred broker or financial
advisor, transparent pricing with real-time quotes, and trusted
disclosure that is made broadly available to broker-dealers and
market data providers. To qualify for OTCQX, companies must meet
high financial standards, follow best practice corporate
governance, and demonstrate compliance with applicable securities
laws. Investors can find information and trading statistics
at www.otcmarkets.com.
About Largo Physical Vanadium
Corp.
Largo Physical Vanadium Corp. (LVP) aims to provide a secure,
convenient and exchange-traded investment alternative for investors
interested in having direct exposure to physical vanadium, which is
essential to achieve a greener world in key industries such as
steel, aerospace and energy storage. Vanadium is non-degrading and
fully recyclable when used as electrolyte in vanadium redox flow
batteries (VRFBs) and offers carbon reducing attributes when used
in steel alloying applications. LPV's strategy is not only to
achieve appreciation through the acquisition of vanadium, but to
own and actively supply vanadium to end users of VRFBs to advance
to integration of renewable energy in long duration storage. This
strategy is integral to LPV's business plan, as it necessarily
defrays the costs associated with using vanadium in VRFBs through
the unique non-degradation characteristics of the metal.
LPV's common shares trade on the TSX Venture Exchange under the
symbol "VAND". For more information, please visit
www.lpvanadium.com.
SOURCE Largo Physical Vanadium Corp.