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Unit Signs $10 Million Factoring Facility to Monetize Receivables","url":"https://stock-news.laohu8.com/highlight/detail?id=2542055838","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2542055838?lang=en_us&edition=fundamental","pubTime":"2025-06-12 05:40","pubTimestamp":1749678001,"startTime":"0","endTime":"0","summary":"Largo  said Wednesday its unit Largo Resources USA signed a non-recourse factoring facility with a third-party firm to sell certain accounts receivable for up to $10 million in proceeds.The firm will advance 85% of 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 terms.Largo said it is working to establish similar facilities for Largo Inc. and Largo Commodities Trading, which could expand the total facility to $30 million.The two-year facility can be terminated by the factor with 90 days' notice or immediately in case of 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Q1 2025, 27% below Q1 2024, despite mining lower ore grades and decreased. -- Net loss of $9.2 million in Q1 2025, which included $7.0 million in. non-recurring items vs. a net loss of $13.0 million in Q1 2024, which. -- V2O5 equivalent sales of 2,046 tonnes (inclusive of 158 tonnes of. purchased material) in Q1 2025 vs. 2,765 equivalent tonnes sold. 9,563 tonnes in Q1 2024, and sold 8,647 tonnes vs. 513 tonnes in Q1 2024. 2025, a 18% 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