- Largo Inc. (LGO, Financial) reports 2,256 tonnes of vanadium production in Q2 2025, marking a 74% increase from Q1 2025.
- Storion Energy partners with TerraFlow Energy to deploy a 48 MWh vanadium flow battery project in Texas.
- The company remains on track to achieve its 2025 vanadium production guidance while advancing its operational turnaround plan.
Largo Inc. (NASDAQ: LGO) has reported improved vanadium production for the second quarter of 2025, with outputs reaching 2,256 tonnes. This marks a significant increase of 74% compared to the first quarter of the year. Despite this improvement, production was lower than the 2,689 tonnes produced in the same period last year. The company highlights an enhanced global recovery rate of 84.9%, a 14% increase from Q2 2024.
The company's sales of vanadium pentoxide totaled 1,807 tonnes during Q2 2025, slightly down from 1,841 tonnes in Q2 2024. Concurrently, ilmenite concentrate production reached 8,149 tonnes, a 32% increase from Q1 2025, although down from 8,624 tonnes in the same period last year.
Storion Energy, a joint venture largely owned by Largo, has secured a strategic supply agreement with TerraFlow Energy Operating LLC to enhance the adoption of vanadium flow batteries in the United States. As part of this collaboration, Storion will supply vanadium electrolyte and battery stacks for a 48 MWh flow battery deployment in Bellville, Texas, leveraging Largo's unique electrolyte leasing model to reduce initial costs for TerraFlow. This initiative is expected to substantially contribute to U.S. energy resilience and expand Largo’s footprint in the long-duration energy storage market.
Interim CEO Daniel Tellechea stated, “Our Q2 results demonstrate steady progress in our turnaround initiative, improving production volumes and securing better mine access. We aim to meet our production and sales targets for the year while addressing liquidity challenges from prior lower production levels. The strategic agreement with TerraFlow Energy further strengthens our investment strategy in the U.S. energy storage sector.”
