Largo Appoints Mr. Alexandre Monteiro to its Board of Directors
April 7, 2014 (Source: CNW) — Largo Resources Ltd. (“Largo” or the “Company“) is pleased to announce the appointment of Mr. Alexandre Monteiro to its Board of Directors.
Mr. Monteiro is a Metallurgical Engineer based in Sao Paulo, Brazil, who earned a PhD in Mineral Engineering from the University of California, Berkeley as well as a Masters’ degree in Metallurgical Engineering from Pontifical Catholic University in Rio de Janeiro.
In addition to his training as an engineer, Mr. Monteiro has previously served as Chief Financial Officer to several multinational companies such as Grupo Libra, Acos Villares and, CBMM, the world’s largest producer of the strategic metal, niobium. He has also served as CEO at Lupatech S.A. and in several senior banking and finance roles including as Head of Mining and Metals at Unibanco and as Head of Equity Research and Senior Mining and Metals Analyst at Credit Agricole Indosuez.
Most recently, Mr. Monteiro served as a consultant to various transportation infrastructure and mining projects as a partner at CALT Ltd. in Sao Paulo, Brazil.
Mr. Monteiro’s appointment follows the resignation of Dr. Allen Alper who has served as a member of the Board of Directors of Largo since 2012.
Mr. Mark Brennan, Largo’s President and Chief Executive Officer, stated: “We are very pleased to welcome Alexandre to the Board of Directors of Largo and look forward to benefiting from his expertise and Brazilian ties.” He continued, “I would also like to take this opportunity to sincerely thank Dr. Alper for the time and hard work he has contributed to Largo as a Director over the past two years. Dr. Alper has had a very positive contribution to Largo’s development and we wish him the very best.”
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Largo is a growing strategic mineral company with projects in Brazil and Canada. The immediate goal of the Company is to complete the development of its Maracás Vanadium Project which is expected in the first quarter of 2014. Largo also has interests in a portfolio of other projects, including: a 100% interest in the Currais Novos Tungsten Tailings Project in Brazil, which the Company continues to develop; a 100% interest in the Campo Alegre de Lourdes Iron-Vanadium Project in Brazil; and a 100% interest in the Northern Dancer Tungsten-Molybdenum property in the Yukon Territory, Canada.
Largo is listed on the TSX Venture Exchange under the symbol “LGO”.
This press release contains forward-looking information under Canadian securities legislation. forward-looking information includes, but is not limited to, statements with respect to completion of the private placement, Largo’s development potential and timetable of the Maracás and Northern Dancer projects; Largo’s ability to raise additional funds necessary; the future price of tungsten and molybdenum; the estimation of mineral reserves and mineral resources; conclusions of economic evaluation; the realization of mineral reserve estimates; the timing and amount of estimated future production, development and exploration; costs of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental risks. Generally, 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”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the 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 SEDAR from time to time. 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&As.
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