LGO

Toronto, Ontario--(Newsfile Corp. - June 17, 2026) - Largo Inc. (TSX: LGO) (NASDAQ: LGO) ("Largo" or the "Company"), announces voting results from its Annual General and Special Meeting of Shareholders (the "Meeting") held on Tuesday, June 16, 2026. A total of 54,492,193 common shares of the Company were voted at the Meeting, representing 53.99% of the Company's issued and outstanding common shares. Shareholders voted to approve all matters brought before the Meeting, including the election of all director nominees, the appointment of KPMG LLP as the Company's auditors for the ensuing year, and the approval of the Company's amended and restated share compensation plan. Largo's Board of Directors wishes to thank its shareholders for their continued support. Detailed results of the votes on the election of directors are as follows: For further detailed voting results on the Meeting, please refer to the Company's Report of Voting Results filed on SEDAR+ at www.sedarplus.ca and on www.sec.gov. About Largo Largo is the world's largest primary vanadium producer and a globally recognized supplier of high-quality vanadium 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 clean energy storage sector through its 37.4% 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. The Company also holds a 100% interest in the Northern Dancer Tungsten-Molybdenum property located in the Yukon Territory, Canada, and 100% interest in the Currais Novos Tungsten Project near Natal, Brazil. Preliminary economic assessments were completed for each asset in 2011. 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 www.largoinc.com. ### For further information, please contact: Investor RelationsVera AbdoInve...

All amounts expressed are in U.S. dollars, denoted by "$". Toronto, Ontario--(Newsfile Corp. - May 14, 2026) - Largo Inc. (TSX: LGO) (NASDAQ: LGO) ("Largo" or the "Company"), the world's largest primary vanadium producer, today announced financial and operating results for the three months ended March 31, 2026. Mr. Daniel Tellechea, Co-Chief Executive Officer of Largo, stated: "Q1 2026 reflected continued operating improvements at Maracás Menchen and a stronger production profile compared with the same period last year. We achieved V2O5 equivalent production at the upper end of our quarterly guidance range, supported by improved mine access, stronger ore availability, and greater operating stability at the plant. Our focus remains on disciplined execution of the mine plan, cost control, and continued operational consistency." Mr. Alberto Arias, Co-Chief Executive Officer of Largo, added: "The operating results of Q1 2026 reflect a stronger operating base for Largo, but sales were still affected by the impact of the high U.S. tariffs on Brazilian imports in the earlier part of the quarter. We are actively working to translate this improved production into higher sales, supported by recent positive trends in the vanadium market. The reduction of U.S. tariffs on Brazilian products in February has improved Largo's ability to more actively supply the high-purity market, particularly the aerospace sector, as well as the U.S. ferrovanadium market. Due to the timing of our sales contracts, the benefits of these developments should begin to be reflected in Q2 2026. While the U.S. ferrovanadium market has recently shown signs of rebalancing, we believe Largo remains well positioned to serve these markets as commercial conditions normalize." Q1 2026 Highlights Operation Highlights Vanadium pentoxide ("V2O5") production in Q1 2026 increased 101.7% to 2,616 tonnes vs. 1,297 tonnes in Q1 2025. Production in the quarter was at the upper end of the Company's quarterly guidance range of 2,400 to 2,700 tonnes and was supported by better ore availability and operational stability in the industrial plant. Largo continues to expect full-year 2026 V2O5 equivalent production of 10,500 to 12,000 tonnes. Total ore mined in Q1 2026 increased 90.8% to 852,046 tonnes vs. 446,614 tonnes mined in Q1 2025. The effective ore grade1 was 0.48% V2O5 in Q1 2026 vs. 0.41% in Q1 2025. Global rec...

All amounts expressed are in U.S. dollars, denoted by "$". Toronto, Ontario--(Newsfile Corp. - April 1, 2026) - Largo Inc. (TSX: LGO) (NASDAQ: LGO) ("Largo" or the "Company") today announces financial and operating results for the three months and year ended December 31, 2025. Mr. Daniel Tellechea, Co-Chief Executive Officer of Largo, stated: "2025 was a year of several challenges but also of operational improvements at Maracás Menchen mine. We finished the year with stronger production momentum and improved mine access, which helped us reach our annual production and sales within our guidance ranges. The progress achieved through our turnaround initiatives, together with higher ore availability and improved operating stability in the second half of the year, provides a stronger foundation as we enter 2026. Our focus remains on disciplined execution of the mine plan, cost control, and continued operational consistency." Mr. J. Alberto Arias, Co-Chief Executive Officer of Largo, added: "In addition to the stronger operating base, we are encouraged by recent developments in the vanadium market and by the progress in evaluating the addition of copper and precious group metals as potential near future by-products of our operations using our existing ore processing infrastructure. The strengthening of ferrovanadium prices in the U.S. and Europe in early 2026, together with the recent reduction in U.S. tariff barriers on Brazilian products, has supported a more constructive commercial outlook. Largo remains well-positioned to benefit from these trends after demonstrating its reliability as a Western-aligned primary vanadium producer during the severely depressed market conditions of 2025." Q4 2025 and Full Year 2025 Highlights Operation Highlights Total ore mined of 665,953 tonnes in Q4 2025 vs. 476,742 tonnes in Q4 2024, a 40% increase, reflecting improved mine access and stronger mine sequencing during the second half of 2025. The effective grade of ore mined improved to 0.53% from 0.49%. Q4 2025 Vanadium Pentoxide production of 2,961 tonnes represented a 67% increase over the 1,775 tonnes in Q4 2024 and a 12% increase over the 2,636 tonnes in Q3 2025. Production continued to improve throughout the second half of 2025, supported by enhanced access to the 180 bench in the western basin of the mine and improved operational coordination. For the full year 2025, pro...

All amounts expressed are in U.S. dollars, denoted by "$". Q4 and FY 2025 Highlights Q4 2025 V2O5 equivalent production totaled 2,961 tonnes (6.5 million lbs1) vs. 1,775 tonnes in Q4 2024. Note that 4Q24 production was impacted by the annual kiln shutdown and not in 4Q25. The recently improved operational stability is allowing Largo to postpone its annual kiln shutdown to mid-2026 Annual V2O5 production of 9,150 tonnes (20.17 million lbs1) in 2025 vs. 9,264 tonnes in 2024 and within the Company's 2025 annual production guidance range of 9,000 - 11,000 tonnes Q4 2025 global V2O5 recovery was maintained at 77.9% flat versus Q4 2024. Annual global V2O5 recovery improved to 80.1% in 2025 vs. 76.4% in 2024 Q4 2025 sales totaled 2,396 tonnes of V2O5 equivalent in Q4 2025, down 21% compared to the 3,033 tonnes sold Q4 2024 due to the impact of the US tariffs on Brazilian imports of High Purity vanadium. Annual V2O5 equivalent sales of 8,686 tonnes in 2025 vs. 9,600 tonnes in 2024, within the Company's annual 2025 sales guidance of 7,500 - 9,500 tonnes Q4 2025 ilmenite concentrate production totaled 7,328 tonnes, with annual production of 30,282 tonnes in 2025 which was within company guidance. Sales of ilmenite concentrate totaled 12,930 tonnes in Q4 2025 and 33,959 tonnes in 2025. Copper and precious metal recent metallurgical test results Assay results from metallurgical test work to assess the recoverability of copper using conventional flotation process yielded positive results indicating copper concentrates with gold, platinum and palladium values as well as lower values of cobalt and nickel. Largo conducted internally 45 conventional copper flotation tests in recent months and a composite of the best 12 flotation test results analysed externally in an accredited laboratory (SGS-Geosol) yielded a copper concentrate containing 18.4% Cu, 9.1 grams per ton ("gpt") Au, 6.6 gpt Pt, 5.4 gpt Pd, 66 gpt Ag, 0.52% Co, 0.55% Ni. Larger scale test using part of our ilmenite flotation circuits lead us to suspend our ilmenite production and sales guidance for 2026 as we evaluate the optimum use of our ilmenite flotation infrastructure to accommodate a potential use of part of it for copper/ PGM concentrate production Vanadium Market Update2 The average benchmark price per lb of V2O5 in Europe was $5.85 in Q4 2025, a 9.55% increase from the average of $5.34 seen in Q4 2024;...

All amounts expressed are in U.S. dollars, denominated by "$". Q3 2025 and Other Highlights Revenues of $33.3 million ($32.3 million from vanadium sales and $1.0 million from ilmenite sales) in Q3 2025 vs. revenues of $29.9 million ($27.2 million from vanadium sales and $2.7 million from ilmenite sales) in Q3 2024 Revenues per lb sold3 of V2O5 equivalent of $6.06 in Q3 2025 vs. $6.28 in Q3 2024 Adjusted cash operating costs excluding royalties per pound sold3 of $3.03 in Q3 2025, a 2% improvement over the $3.08 per lb sold in Q3 2024, and a 5% improvement over the $3.18 per lb sold in Q2 2025 Operating cash flows before working capital items of $11.9 million in Q3 2025, a $13.9 million increase over negative $2.0 million in Q3 2024 Mining operations adjusted EBITDA3 of $4.0 million in Q3 2025 vs. $2.4 million in Q3 2024 Net loss before tax of $10.4 million (including $3.7 million in non-recurring items) in Q3 2025, vs. net loss before tax of $11.9 million (including $3.3 million in non-recurring items) in Q3 2024. Net loss of $36.6 million in Q32025 vs. net loss of $10.1 million in Q3 2024, with difference primarily related to the non-cash derecognition of a deferred tax asset of $28.4 million Basic loss per share of $0.57 in Q3 2025 vs. basic loss per share of $0.16 in Q3 2024 Production of 2,636 tonnes (5.8 million lbs1) of V2O5 in Q3 2025 vs. 3,072 tonnes in Q3 2024 and 2,256 tonnes in Q2 2025 V2O5 equivalent sales of 2,417 tonnes (inclusive of 17 tonnes of purchased material) in Q3 2025 vs. 1,961 tonnes (inclusive of 124 tonnes of purchased material) sold in Q3 2024 The Company produced 8,643 tonnes of ilmenite concentrate in Q3 2025 vs. 8,149 tonnes in Q2 2025 and sold 6,358 tonnes vs. 6,024 tonnes Storion Energy LLC ("Storion") signs strategic supply agreement with TerraFlow Energy LLC to supply vanadium electrolyte and battery stacks; Storion secures electrolyte lease for 48 MWh flow battery project in Texas, supported by Largo Physical Vanadium Corp.’s unique electrolyte leasing model Started installation of additional flotation cell circuits to increase ilmenite production capacity to 115,000 tonnes from 42,000 tonnes annually. Operations expected to resume in late November 2025 with ramp up to the expanded production levels currently expected to occur by year end Subsequent to Q3 2025, Largo raised US$23.4 million through a Registered Direct Offeri...

All amounts expressed are in U.S. dollars, denominated by "$". Q2 2025 and Other Highlights Revenues of $26.1 million ($25.4 million from vanadium sales and $0.7 million from ilmenite sales) in Q2 2025 vs. revenues of $28.6 million ($26.2 million from vanadium sales and $2.3 million from ilmenite sales) in Q2 2024 Revenues per lb sold3 of V2O5 equivalent of $6.39 in Q2 2025 vs. $6.46 in Q2 2024 Operating costs of $30.1 million in Q2 2025, a 17% improvement over $36.4 million in Q2 2024 Adjusted cash operating costs excluding royalties per pound sold3 of $3.18 in Q2 2025, a 24% improvement over the $4.20 per lb sold in Q2 2024 Mining operations adjusted EBITDA3 of $2.7 million in Q2 2025 vs. $0.9 million in Q2 2024 Net loss of $5.8 million (including $4.8 million in non-recurring items) in Q2 2025, a 60% improvement over the net loss of $14.5 million (including $8.5 million in non-recurring items) in Q2 2024 Basic loss per share of $0.09 in Q2 2025 vs. basic loss per share of $0.23 in Q2 2024 Production of 2,256 tonnes (5.0 million lbs1) of V2O5 in Q2 2025 vs. 2,689 tonnes in Q2 2024 V2O5 equivalent sales of 1,807 tonnes (inclusive of 123 tonnes of purchased material) in Q2 2025 vs. 1,841 tonnes (inclusive of 128 tonnes of purchased material) sold in Q2 2024 The Company produced 8,149 tonnes of ilmenite concentrate in Q2 2025 vs. 8,625 tonnes in Q2 2024 and sold 6,024 tonnes vs. 12,261 tonnes Storion Energy LLC ("Storion") signs strategic supply agreement with TerraFlow Energy LLC to supply vanadium electrolyte and battery stacks; Storion secures electrolyte lease for 48 MWh flow battery project in Texas, supported by Largo Physical Vanadium Corp.’s unique electrolyte leasing model The Company entered into a secured loan by way of a promissory note with ARG International AG for a principal amount of $6 million (CAD$8.25 million) (the "Note"); The Note is secured against the Company’s equity interest in Largo Physical Vanadium Corp., in which the Company holds a 65.7% majority stake; The Note has a term of six months, an annualized interest rate of 15% and includes a 1% arrangement fee Published the Company’s 7th annual sustainability report, Critical Vanadium Supply, highlighting the management of key risks, opportunities, impacts, and outcomes at the Maracás Menchen Mine vanadium-titanium operations in Brazil Vanadium Market Update2 Vanadium prices remain un...

All dollar amounts expressed are in thousands of U.S. dollars unless otherwise indicated. Q1 2025 and Other Highlights Revenues of $28.2 million in Q1 2025 vs. 42.2 million in Q1 2024; Revenues per pound sold1 of $6.04 in Q1 2025 vs. $6.91 in Q1 2024; Lower revenues are a result of continued downward pressure in vanadium prices and lower sales volumes Operating costs of $42.5 million in Q1 2025, 15% below Q1 2024 Adjusted cash operating costs excluding royalties per pound1 of $3.88 in Q1 2025, 27% below Q1 2024, despite mining lower ore grades and decreased production rates 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 included $4.4 million in non-recurring items Basic loss per share of $0.14 in Q1 2025 vs. basic loss per share of $0.20 in Q1 2024 V2O5 equivalent sales of 2,046 tonnes (inclusive of 158 tonnes of purchased material) in Q1 2025 vs. 2,765 equivalent tonnes sold (inclusive of 156 tonnes of purchased material) in Q1 2024 V2O5 production of 1,297 tonnes (2.8 million lbs2) in Q1 2025 vs. 1,729 tonnes produced in Q1 2024; Lower production in Q1 2025 was primarily due to impacts from mining lower-grade ore zones required as part the Company’s open pit mine sequencing, reduced equipment availability on an expanded mine contractor fleet, and operational adjustments related to the kiln refractory replacement completed in Q4 2024, which required additional adjustments in early 2025 The Company produced 6,162 tonnes of ilmenite concentrate in Q1 2025 vs. 9,563 tonnes in Q1 2024, and sold 8,647 tonnes vs. 513 tonnes in Q1 2024 The Company maintains its revised 2025 production, sales and cost guidance and expects a return to more normalized production levels over the remainder of the year as throughput increases and operational turnaround initiatives progress Vanadium Market Update Vanadium markets in Europe and China remain weak, pressured by low steel and infrastructure demand and oversupply from Chinese and Russian producers, though aerospace demand is expected to pick up in the second half of 2025 U.S. ferrovanadium ("FeV") prices are holding at levels approximately 9% higher than at the start of 2025, supported by increased buying interest amid geopolitical tensions and policy shifts that have tightened supply dynamics The average benchmark price per pound of V2...

TORONTO, May 12, 2025--(BUSINESS WIRE)--Largo Inc. ("Largo" or the "Company") (TSX: LGO) (NASDAQ: LGO) announces voting results from its Annual General Meeting of Shareholders (the "Meeting") held on Monday, May 12, 2025. A total of 45,626,173 common shares of the Company were voted at the Meeting, representing 71.17% of the Company’s issued and outstanding common shares. Shareholders voted to approve all matters brought before the Meeting, including the election of all director nominees and the appointment of KPMG LLP as the Company’s auditors for the ensuing year. Largo's Board of Directors wishes to thank its shareholders for their continued support. Detailed results of the votes on the election of directors are as follows: For further detailed voting results on the Meeting, please refer to the Company’s Report of Voting Results filed on SEDAR+ at www.sedarplus.com and on www.sec.gov. 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 www.largoinc.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20250512675623/en/ Contacts For further information, please contact: Investor Relations Alex Guthrie Director, Investor Relations +1.416.861.9778 [email protected]

All dollar amounts expressed are in thousands of U.S. dollars unless otherwise indicated. Q1 2025 Highlights V2O5 production of 1,297 tonnes (2.8 million lbs1) in Q1 2025 vs. 1,729 tonnes produced in Q1 2024 Total waste moved (dry basis) was 3.5 million tonnes in Q1 2025, a 32% increase over Q1 2024 and total mined material (dry basis) was 3.9 million tonnes in Q1 2025, a 21% increase over Q1 2024 as the Company prioritizes the optimization of pit access, including critical stripping activities and mine pushbacks as part of its previously announced operational turnaround plans V2O5 equivalent sales of 2,046 tonnes (inclusive of 154 tonnes of purchased material) in Q1 2025 vs. 2,765 equivalent tonnes sold (inclusive of 156 tonnes of purchased material) in Q1 2024 Ilmenite concentrate production of 6,162 tonnes in Q1 2025 vs. 9,563 tonnes Q1 2024 with sales totaling 8,647 tonnes vs. 513 tonnes in Q1 2024 The Company has revised its 2025 V2O5 equivalent production and sales guidance ranges to 8,500 - 10,500 tonnes from 9,500 - 11,500 tonnes and 6,500 – 8,500 tonnes from 7,500 – 9,500 tonnes, respectively; Cash operating cost excluding royalties2 guidance maintained; Ilmenite production and sales guidance maintained TORONTO, April 23, 2025--(BUSINESS WIRE)--Largo Inc. ("Largo" or the "Company") (TSX: LGO) (NASDAQ: LGO) today announces quarterly production of 1,297 tonnes of vanadium pentoxide ("V2O5") equivalent and sales of 2,046 tonnes V2O5 equivalent in Q1 2025. Daniel Tellechea, Interim CEO of Largo stated: "Production in the first quarter was lower than anticipated, primarily due to impacts from mining lower-grade ore zones, reduced equipment availability, and operational adjustments related to the kiln refractory replacement completed in Q4 2024. We anticipate continued short-term impacts to production as we prioritize essential mine pushbacks and stripping activities aimed at accessing higher-grade ore later this year as part of the Company’s previously announced operational turnaround plans. As a result of these impacts, the timing of sales deliveries, which depend on prior-quarter production output—will be affected in Q2 2025 and in the second half of 2025. Accordingly, we have updated our annual production and sales guidance to reflect these short-term operational impacts. Encouragingly, we are seeing improved progress recently, with total mined materi...

Revenue: US$124.9m (down 37% from FY 2023). Net loss: US$49.8m (loss widened by 64% from FY 2023). US$0.78 loss per share (further deteriorated from US$0.47 loss in FY 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 28%. Looking ahead, revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in Canada. Performance of the Canadian Metals and Mining industry. The company's shares are down 7.9% from a week ago. You still need to take note of risks, for example - Largo has 2 warning signs (and 1 which is significant) we think you should know about. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

All dollar amounts expressed are in thousands of U.S. dollars unless otherwise indicated. Q4, Full Year 2024 and Other Highlights Revenues of $24.3 million in Q4 2024 vs. $44.2 million in Q4 2023; Revenues per pound sold1 of $5.70 in Q4 2024 vs. $7.69 in Q4 2023; In addition, the Company received $13.6 million related to the delivery of 1,200 tonnes as part of its vanadium inventory supply agreement Operating costs of $30.2 million in Q4 2024, 30% below Q4 2023; Adjusted cash operating costs excluding royalties per pound1 of $3.05 in Q4 2024, 39% below Q4 2023, reflecting the success in cost reduction measures throughout 2024 Adjusted EBITDA1 improved by 195% in Q4 2024 to $2.3 million and mining operations adjusted EBITDA1 improved by 27% to $4.5 million from $3.5 million in Q4 2023, despite the negative impact of the maintenance shutdown in Q4 2024 Net loss of $13.0 million in Q4 2024, which included $2.4 million in non-recurring items vs. net loss of $13.3 million in Q4 2023, which included $5.9 million in non-recurring items; Basic loss per share of $0.19 in Q4 2024 vs. basic loss per share of $0.21 in Q4 2023 Revenues of $124.9 million in 2024, 37% below 2023; Revenues per pound sold1 of $6.40 in 2024 vs. $8.66 in 2023; In addition, the Company received $13.6 million related to the delivery of 1,200 tonnes as part of its vanadium inventory supply agreement Operating costs of $145.8 million in 2024, 17% below 2023; Adjusted cash operating costs excluding royalties per pound1 of $4.05 in 2024, 22% lower than 2023, reflecting the company’s cost reduction efforts throughout 2024 Adjusted EBITDA¹ was a loss of $2.1 million compared to positive adjusted EBITDA1 of $11.9 million in 2023 Net loss of $50.6 million in 2024, which included $18.7 million in non-recurring items vs. net loss of $32.4 million in 2023, which included $9.6 million in non-recurring items; Basic loss per share of $0.78 in 2024 vs. basic loss per share of $0.51 in 2023 V2O5 production of 1,775 tonnes in Q4 2024 vs. 2,768 tonnes in Q4 2023; Annual V2O5 production of 9,264 tonnes in 2024 vs. 9,681 tonnes in 2023; Within the Company’s revised 2024 production guidance range of 9,000 – 11,000 tonnes Annual and Q4 2024 production was impacted by two kiln maintenance shutdowns during the year—one in Q1 2024 as per the Company's regular schedule, and another advanced from Q1 2025 into Q4 2024 to m...