Largo签署以5600万美元出售铁矿石的最终协议

2026-01-20 21:44

Largo's (LGO) Brazilian operating subsidiary has signed the definitive agreement for the sale of up to 4.5 million tonnes of iron ore calcine material stockpile.
The agreement provides for a multi-year Ex Works (EXW) contract under Incoterms with total expected cash proceeds in excess of $56 million. Under the terms of the agreement, the first payment of $2.9 million is due by January 30, 2026, followed by a second payment of $1.9 million due by February 16, 2026. Thereafter, monthly payments of $1.9 million are expected to commence in April 2026, subject to the terms of the agreement.
The company anticipates that the transaction will improve the near-term cash flow and reduce long-term stockpile management costs and disposal requirements.
LGO +1.50% premarket to $1.35.
Source: Press Release

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