Largo Inc. announces the closing of its previously announced registered direct offering for the purchase and sale of 14,262,309 common shares of the Company at a purchase price of US$1.22 per Common Share for aggregate gross proceeds of US$17.4 million. In a concurrent private placement , the Company issued unregistered warrants to purchase up to 14,262,309 Common Shares with an exercise price of US$1.22 per Warrant that [...]
Largo Inc. announces that it has entered into securities purchase agreements with institutional and accredited investors for the purchase and sale of 14,262,309 common shares of the Company at a purchase price of US$1.22 per Common Share in a registered direct offering for aggregate gross proceeds of US$17.4 million. In a concurrent private placement , the Company will issue unregistered warrants to purchase up to [...]
Largo Inc. is pleased to announce further details in connection with the binding term sheet entered into with the senior lenders to Largo's principal operating subsidiary, Largo Vanádio de Maracás S.A. , for the rollover of principal of all debts owed by LVMSA to March 18, 2026 with a further automatic rollover to September 18, 2026 . The Proposed Rollover Agreement is subject to, among other conditions, the requirement [...]
Largo Inc. announces an update with the five Brazilian lenders to Largo's subsidiary, Largo Vanádio de Maracás S.A . Update with Lenders Largo and its subsidiary, LVMSA, have received an executed binding term sheet with the Banks representing $84.2 million of debt to defer principal repayments to March 18, 2026 with an automatic rollover to September 18, 2026, subject to Largo securing capital of at least C$30 million by [...]
Largo Inc. announces an operational update, adjustments to its U.S. sales strategy amid ongoing tariff measures, and a financing update. Vanadium Production Update The Company is pleased to report sustained production levels during Q3 2025. In August 2025, the Company produced 931 tonnes of vanadium pentoxide equivalent, an improvement from 856 tonnes of V2O5 produced in July 2025. These results further reflect the [...]
Largo Inc. today released financial results for the three months and six ended June 30, 2025. The Company reported quarterly vanadium pentoxide equivalent sales of 1,807 tonnes at an adjusted cash operating cost excluding royalties per pound5 sold of $3.18. Daniel Tellechea, Director and Interim CEO of Largo commented: "In Q2 2025, we continued to make meaningful progress in realigning our operations and cost structure [...]
Largo Inc. today announces that it has entered into a secured loan by way of a promissory note with ARG International AG for a principal amount of $6 million . The Note is expected to provide near-term working capital support as the Company transitions from turnaround execution to steady-state operations amidst continued pressure from low vanadium prices. The Note is secured against the Company's equity interest in Largo [...]
Largo Inc. today announces quarterly production of 2,256 tonnes of vanadium pentoxide equivalent and sales of 1,807 tonnes in Q2 2025, highlighting improved production and ongoing turnaround execution. Daniel Tellechea, Interim CEO of Largo, stated: "Our second quarter results reflect steady progress under the Company's operational turnaround plan, with improved production volumes, higher recoveries, and enhanced mine [...]
Largo Inc. is pleased to provide an update on the progress of the operational turnaround plans , highlighted by increased production rates for both vanadium pentoxide and ilmenite concentrate in May 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250625106650/en/ Largo Provides Update on its Operational Turnaround Progress; Delivers Improved May Production [...]
Largo Inc. today announces that its wholly owned subsidiary, Largo Resources USA , has entered into a non-recourse factoring facility dated June 10, 2025 with a well-established third-party factoring company for the sale of certain accounts receivable. Under the terms of the Facility, LUSA may sell eligible accounts receivable to the Factor for receipts of up to $10 million. The Factor will advance 85% of the invoice [...]
Largo Inc. today released financial results for the three months ended March 31, 2025. The Company reported quarterly vanadium pentoxide equivalent sales of 2,046 tonnes at an adjusted cash operating cost excluding royalties per pound1 sold of $3.88. Daniel Tellechea, Interim CEO and Director of Largo, stated: "Our first quarter results reflect the impact of lower production levels, which constrained sales volumes [...]
Largo Inc. announces voting results from its Annual General Meeting of Shareholders 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 [...]
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