DealsJul 7, 2026, 04:17 PM
Largo Secures $60.1M US Defense Logistics Agency Order
AI Summary
Largo Inc. announced its subsidiary, Largo Resources USA Inc., received a $60.1 million firm-fixed-price delivery order from the U.S. Defense Logistics Agency (DLA). This order, for high-purity vanadium pentoxide, is under Largo's recently awarded five-year Indefinite Delivery, Indefinite Quantity (IDIQ) contract. Deliveries are scheduled through January 2030, providing long-term revenue visibility and are expected to improve average realized vanadium prices and enhance Largo's sales mix and U.S. market exposure.
Key Highlights
- Secured a $60.1 million firm-fixed-price delivery order from the U.S. Defense Logistics Agency (DLA).
- Order is for the supply of high-purity vanadium pentoxide (V₂O₅).
- Deliveries are scheduled through January 2030, providing long-term revenue visibility.
- Expected to improve average realized vanadium prices and enhance Largo's sales mix.
- Increases Largo's exposure to the U.S. market without applicable import tariffs.
- Production and sales programs are being adjusted starting July 2026 to support the order.
- This order is part of a larger five-year IDIQ contract with an aggregate value up to $125 million.
Price Impact
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