Largo Inc.

Largo Inc. held its Annual General and Special Meeting of Shareholders on June 16, 2026, with 53.99% of outstanding shares represented. Shareholders approved the election of five directors, re-appointed KPMG LLP as auditors, and approved the Amended and Restated Share Compensation Plan. All proposals passed with significant majority votes.

Largo Inc. announced the voting results from its Annual General and Special Meeting of Shareholders held on June 16, 2026. Shareholders approved all matters brought before the Meeting, including the election of all director nominees, the appointment of KPMG LLP as the company's auditors, and the approval of the amended and restated share compensation plan. A total of 54,492,193 common shares, representing 53.99% of the company's issued and outstanding common shares, were voted.

Largo Inc. has commenced a strategic review process for its non-core tungsten assets, which include the Northern Dancer Tungsten-Molybdenum Project in Canada and the Currais Novos Tungsten Project in Brazil. The company aims to unlock value for shareholders through various strategic alternatives such as partnerships, joint ventures, sales, or spin-out opportunities, while maintaining focus on its core vanadium and ilmenite operations. Largo may engage a financial advisor to support this disciplined review, following unsolicited expressions of interest for these critical mineral assets.

Largo Inc. announced its Annual General and Special Meeting of Shareholders will be held on June 16, 2026. Shareholders will vote on key proposals including fixing the number of directors at five, electing five director nominees (including one new nominee), re-appointing KPMG LLP as auditors, and approving an Amended and Restated Share Compensation Plan. The record date for voting is April 30, 2026, with a proxy deadline of June 12, 2026.

Largo Inc. reported Q1 2026 financial results, showing a net loss of $4.7 million, a significant improvement from the $9.2 million loss in Q1 2025. V2O5 equivalent production more than doubled to 2,616 tonnes, reflecting strong operating performance at the Maracás Menchen Mine. However, revenues slightly decreased to $27.5 million, primarily due to high U.S. import tariffs on Brazilian products early in the quarter, which were reduced in February. The company expects stronger revenue realization in Q2 2026 due to the tariff reduction and improved vanadium market conditions, and also announced an initiative to produce copper and platinum group metals as by-products.

Largo Inc. reported a net loss of $(4.73) million for Q1 2026, a 49% improvement from $(9.21) million in Q1 2025, despite a 3% decrease in revenues to $27.53 million. Operating costs significantly decreased by 19% to $(34.49) million. The company faces material uncertainties regarding its ability to continue as a going concern due to declining operating results, lower vanadium prices, and the need for additional financing. Strategic initiatives include a request to produce by-products at its Maracás Menchen Mine and an ATM equity offering program, which has raised $3.83 million post-Q1. The recent elimination of U.S. tariffs on vanadium products is expected to positively impact Q2 2026 revenues.

Largo Inc. has filed a preliminary short form base shelf prospectus to offer up to C$200,000,000 in various securities over a 25-month period. The offering may include common shares, warrants, units, debt securities, and subscription receipts, which can be sold by the company or certain securityholders. Specific terms for any offering will be provided in accompanying prospectus supplements.