Latest news with #LUSA
The Herald Scotland
4 days ago
- Entertainment
- The Herald Scotland
Best pictures as Lulu delights HebCelt crowd with rousing performance
But it is Scotland where her 'soul is' and she entertained the thousands in attendance at the festival in Stornoway. Her 90 minute set began with Shout and it whipped the crowd into a frenzy that did not stop throughout the rest of the night. She sang songs from throughout her six decade long career with other tracks including Boom Bang A Bang, Golden Gun, To Sir With Love, and We've Got Tonight before ending on a flourish of Relight My Fire, Still Standing and a final full reprise of Shout, winning her a massive roar of approval from fans who packed into the main tent. Read More Artist Programmer Michelle Shields said: 'Lulu was sensational, the crowd lapped up every single moment to make this one of the most special HebCelt nights ever. It was such a beautiful moment to see people young and old singing along.' Lulu – who is changing up her style of touring to promote her memoir If Only You Knew which comes out in September - was also on hand to meet 18-year-old Isla Scott and give the Isle of Harris youngster so Isla said: 'She is such an inspiration, really amazing. It's for sure a night I'll never forget.' Lulu with Isla Scott ahead of her performance (Image: Handout) Lulu during her performance (Image: Handout) It was another successful day for the festival with acts such as Beluga Lagoon, Laura Silverstone, Trail West, LUSA, The Tumbling Souls, Josie Duncan, El Sartel and Madison Violet all entertaining the crowds. Saturday's final day will see headliners Skerryvore close out the festival with special guests to be revealed on the night as part of their 20th anniversary celebrations. El Sartel also performed (Image: Handout) Other big name acts performing include Nina Nesbitt, Kassidy, Astro Bloc, and Gaelic childhood favourite Donnie Dòtaman. Carol Ferguson, the festival's Operations Co-Ordinator, said: 'The smiles on people's faces say it all, it's been a tremendous day, ticket sales have been busy all day long, and the choice of music across the site has been incredibly diverse. 'It's just part of what makes this festival so uniquely special.'
Globe and Mail
11-06-2025
- Business
- Globe and Mail
Largo Announces $10 Million Factoring Facility to Accelerate Receivables and Support Working Capital
Largo Inc. (" Largo" or the " Company") ( TSX: LGO) ( NASDAQ: LGO) today announces that its wholly owned subsidiary, Largo Resources USA (" LUSA"), has entered into a non-recourse factoring facility dated June 10, 2025 (the " Facility") with a well-established third-party factoring company (the " Factor") for the sale of certain accounts receivable. Under the terms of the Facility, LUSA may sell eligible accounts receivable to the Factor for receipts of up to $10 million. The Factor will advance 85% of the invoice value, with commission rates ranging from 0.51% for invoices up to 30 days, to 1.37% for those up to 90 days, depending on customer payment terms. All factored invoices are on a non-recourse basis, with the Factor assuming credit risk. The Company is working with the Factor to establish similar receivables purchase facilities for Largo Inc. and Largo Commodities Trading Ltd., which is expected to increase the overall size of the Facility, subject to the inclusion of additional customers and credit approvals. The Facility has an initial term of two years, and the Factor may terminate it with 90 days' prior written notice or immediately in the event of default. Daniel Tellechea, Interim CEO of Largo stated: "This Facility allows us to access liquidity more quickly by monetizing receivables tied to vanadium shipments, which can take between 30 and 90 days to convert to cash. Improving working capital efficiency is a necessary step as we work through our operational turnaround plan.' He continued : 'This Facility is expected to better align cash inflows with expenditures and ensures we have additional flexibility to support day-to-day operations while continuing our efforts to stabilize production and improve sales.' CIRQUE Capital, Inc. acted as the Company's financial advisor and arranger in connection with the Facility and will receive certain custodial fees pursuant to the terms of the Facility. About Largo Largo is a globally recognized supplier of high-quality vanadium and ilmenite products, sourced from its world-class Maracás Menchen Mine in Brazil. As one of the world's largest primary vanadium producers, Largo produces critical materials that empower global industries, including steel, aerospace, defense, chemical, and energy storage sectors. The Company is committed to operational excellence and sustainability, leveraging its vertical integration to ensure reliable supply and quality for its customers. Largo is also strategically invested in the long-duration energy storage sector through its 50% ownership of Storion Energy, a joint venture with Stryten Energy focused on scalable domestic electrolyte production for utility-scale vanadium flow battery long-duration energy storage solutions in the U.S. 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 Cautionary Statement Regarding Forward-looking Information: This press release contains 'forward-looking information' and 'forward-looking statements' within the meaning of applicable Canadian and United States securities legislation. Forward-looking information in this press release includes, but is not limited to, statements with respect to the timing and amount of estimated future production and sales; the future price of commodities; costs of future activities and operations, including, without limitation, the effect of inflation and exchange rates; the effect of tariffs; the effect of unforeseen equipment maintenance or repairs on production; the ability to produce high purity V2O5 and V2O3 according to customer specifications; the extent of capital and operating expenditures; the ability of the Company to make improvements on its current short-term mine plan; and the impact of global delays and related price increases on the Company's global supply chain and future sales of vanadium products. The following are some of the assumptions upon which forward-looking information is based: that general business and economic conditions will not change in a material adverse manner; demand for, and stable or improving price of V2O5 and other vanadium products, ilmenite and titanium dioxide pigment; receipt of regulatory and governmental approvals, permits and renewals in a timely manner; that the Company will not experience any material accident, labour dispute or failure of plant or equipment or other material disruption in the Company's operations at the Maracás Menchen Mine or relating to Largo Clean Energy, specially in respect of the installation and commissioning of the EGPE project; the availability of financing for operations and development; the availability of funding for future capital expenditures; the ability to replace current funding on terms satisfactory to the Company; the ability to mitigate the impact of heavy rainfall; the reliability of production, including, without limitation, access to massive ore, the Company's ability to procure equipment, services and operating supplies in sufficient quantities and on a timely basis; that the estimates of the resources and reserves at the Maracás Menchen Mine are within reasonable bounds of accuracy (including with respect to size, grade and recovery and the operational and price assumptions on which such estimates are based); the accuracy of the Company's mine plan at the Maracás Menchen Mine; that the Company's current plans for ilmenite can be achieved; the Company's ability to protect and develop its technology; the Company's ability to maintain its IP; the competitiveness of the Company's product in an evolving market; the Company's ability to attract and retain skilled personnel and directors; the ability of management to execute strategic goals; that the Company will enter into agreements for the sales of vanadium, ilmenite and TiO2 products on favourable terms and for the sale of substantially all of its annual production capacity; and receipt of regulatory and governmental approvals, permits and renewals in a timely manner. Forward-looking statements can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved', although not all forward-looking statements include those words or phrases. In addition, any statements that refer to expectations, intentions, projections, guidance, potential or other characterizations of future events or circumstances contain forward-looking information. Forward-looking statements are not historical facts nor assurances of future performance but instead represent management's expectations, estimates and projections regarding future events or circumstances. Forward-looking statements are based on our opinions, estimates and assumptions that we considered appropriate and reasonable as of the date such information is stated, subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Largo to be materially different from those expressed or implied by such forward-looking statements, including but not limited to those risks described in the annual information form of Largo and in its public documents filed on and available on from time to time. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Although management of Largo has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Largo does not undertake to update any forward-looking statements, except in accordance with applicable securities laws. Readers should also review the risks and uncertainties sections of Largo's annual and interim MD&A which also apply. Trademarks are owned by Largo Inc.
Yahoo
28-04-2025
- Climate
- Yahoo
Spain, Portugal hit by major power outage
Large parts of Spain and Portugal, including their capitals Madrid and Lisbon, have been hit by power outages on Monday. It was not immediately clear what caused the outage. Spanish power grid operator Red Electrica said the Iberian peninsula was affected it was working with energy companies to restore power. This is a developing story... Parts of the Madrid underground is being evacuated due to the power outage, Spanish radio stations reported. The outage has also caused major traffic jams in the city's center as traffic lights stopped working. In Portugal, people have rushed into the streets to find out what is happening, according to the LUSA news agency. We've got some breaking news from the Iberian Peninsula. Large parts of Spain and Portugal, including the bustling capitals of Madrid and Lisbon, are experiencing a major power outage. Right now, it's unclear what caused the blackout. Power outages over such a large area are unusual in these two countries. Over the next few hours we will cover the developments here.
