Largo Physical Vanadium CEO Paul Vollant discussed the company's growth and future plans in an interview with Steve Darling from Proactive.
Largo Physical Vanadium (LPV) was established 18 months ago and has achieved significant milestones during that time. They have raised $30 million CAD, completed a reverse takeover, and listed on the Toronto Stock Exchange with VAND and OTCQX with the ticker VANAF.
Vollant explained that LPV is a physical holding company focused on purchasing and storing vanadium, a critical metal projected to experience a 173% increase in demand by 2050.
Vanadium is primarily used in steel production and vanadium redox flow batteries (VRFBs). LPV aims to connect investors with the vanadium market and plans to deploy units into VRFBs, with a particular focus on emerging markets like the Asia-Pacific region.
LPV's innovative model involves listing vanadium units to VRFB companies, providing investors with yield while reducing costs. The company has ambitious plans for expansion and market penetration, especially in the Asia-Pacific region, where VRFB adoption is on the rise.
As LPV looks ahead to 2024, Vollant expressed excitement about deploying their first units into vanadium redox flow batteries and expanding into new markets, positioning the company for growth and success in the years to come.
View source version on newsdirect.com: https://newsdirect.com/news/largo-physical-vanadium-ceo-discusses-growth-and-vision-for-the-future-in-proactive-interview-490811982
Largo Physical Vanadium Corp.
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