Largo Resources shares surge 13.39% intraday as joint venture with Storion Energy advances U.S. vanadium electrolyte and long-duration energy storage.

Largo Resources surged 13.39% intraday, driven by two key developments: first, a 50% stake in Largo Clean Energy following the expected January 2025 Storion Energy joint venture closing, positioning the company in U.S.-based vanadium electrolyte and long-duration energy storage manufacturing. Second, Largo operates the high-grade Maracás Menchen vanadium mine in Brazil, a leading global vanadium resource, and is expanding into energy storage as a second growth driver through LCE.