Largo Inc.

Largo Inc. announced that Brazil's National Mining Agency (ANM) has approved its request to produce and sell copper and platinum group metals (PGM) as by-products from its Maracás Menchen Mine. The company is commencing the ramp-up of copper-PGM concentrate production, which includes platinum, gold, palladium, silver, cobalt, and nickel, utilizing existing infrastructure. This move is expected to diversify revenue, strengthen profit margins, and unlock additional value from its existing mineral resource base, with guidance anticipated on August 14, 2026.

Largo Inc. announced a senior leadership transition with the appointment of James Bannantine as Co-Chief Executive Officer. Mr. Bannantine brings extensive experience in mining turnarounds, the energy sector, and U.S. government relationships, and will serve alongside Executive Chairman and Co-CEO Alberto Arias. Daniel Tellechea retired from his Co-CEO role but will continue as an advisor and board member, with the company acknowledging his critical contributions over the past three years.

Largo Inc. reported strong Q2 2026 operating results, with vanadium pentoxide (V₂O₅) production increasing 28.5% year-over-year to 2,900 tonnes and V₂O₅ equivalent sales growing 53.4% to 2,773 tonnes. The company also highlighted that vanadium oxides and hydroxides remain exempt from new U.S. Section 301 tariffs on Brazilian products, strengthening its U.S. market position and commercial outlook. These results reflect continued operational improvements and stronger commercial execution.

Largo Inc. announced it received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement, as its common shares traded below US$1.00 for 30 consecutive business days. The company has been granted a 180-calendar-day period to regain compliance, during which its shares will continue to trade on the Nasdaq Capital Market. This notification does not affect its listing on the Toronto Stock Exchange, and Largo plans to evaluate options to resolve the deficiency.

Largo Inc.'s subsidiary, Largo Resources USA Inc. (Largo USA), has secured a significant $60.1 million firm-fixed-price delivery order from the U.S. Defense Logistics Agency Strategic Materials (DLA). This order, extending through January 2030, is for the supply of high-purity vanadium pentoxide (V2O5) to support the U.S. National Defense Stockpile. It marks Largo's first delivery order under DLA's five-year indefinite delivery, indefinite quantity (IDIQ) contract, which has an overall maximum value of $125 million, positioning the company as an approved supplier within the U.S. defense industrial base.

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.

Largo Inc. announced a change in its auditor from KPMG LLP to KPMG Auditores Independentes Ltda., effective June 26, 2026. The decision was mutually agreed upon, driven by the benefit of having the auditor located in Brazil. The former auditor, KPMG LLP, resigned on June 15, 2026, and had not issued any modified opinions for the financial years 2024 and 2025. Additionally, there were no reportable events identified during the transition.

Largo Inc. announced that its subsidiary, Largo Resources USA Inc., has been awarded a five-year Indefinite Delivery, Indefinite Quantity (IDIQ) contract by the U.S. Defense Logistics Agency Strategic Materials. The contract is for the supply of up to 2,876 metric tonnes of high-purity vanadium pentoxide, with a maximum value of US$125 million. This agreement positions Largo as a key supplier to the U.S. Department of Defense, securing a premium fixed-price for its product and strengthening critical mineral supply chains.

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.