- CEO
- Daniel R. Tellechea Salido
- Sector
- Financial Services
- Industry
- Financial - Conglomerates
- Address
- 100 King Street West Toronto ON Canada M5X 1G5
- IPO Date
- Sep 28, 2022
- Business
- Largo Physical Vanadium Corp. is a Canada-based vanadium holding company that provides investors with direct exposure to physical vanadium through the purchase and holding of the metal; the company is headquartered in Toronto, Ontario, and was founded in 2022, with its inception date listed as September 7, 2022. Through its physical vanadium platform, the company offers an exchange-traded investment alternative tied to vanadium, a strategic mineral used in steel, aerospace and energy storage applications, and it operates as a subsidiary of Largo Inc. The company’s business model includes a pure-play physical vanadium holding structure and an electrolyte leasing approach that supports vanadium flow battery supply-chain development for utility-scale energy storage markets.
In 2025, Largo Physical Vanadium’s operating model was strategically extended through the formation of Storion Energy, a joint venture between Largo’s clean energy subsidiary and Stryten Critical E-Storage to build a domestic U.S. supply chain for vanadium flow battery components and vanadium electrolyte. The transaction included a US$1 million cash payment to Largo, an additional US$6 million contribution from Stryten over time, and 50/50 ownership between the partners, while Largo amended its safekeeping and supply arrangements and granted Storion a right of first offer for vanadium products. In 2026, the company announced that Daniel Tellechea was appointed chief executive officer, replacing Francesco D’Alessio, following its annual meeting of shareholders. LPV’s common shares trade on the TSX Venture Exchange under the symbol VAND and on the OTCQX under the symbol VANAF.