Largo Inc. executed a definitive debt-restructuring agreement with Caixa Econômica Federal on September 11, 2026, extending its US$6.0 million promissory note with ARG International AG to February 2028 subject to a 1% extension fee. The company is implementing cost and working-capital initiatives, including renegotiating supplier agreements and lowering mining rates, which will likely result in 2026 vanadium production toward the lower end of guidance. Commercially, Largo expects its first shipment under a U.S. Defense Logistics Agency contract to arrive in late September 2026 and anticipates approximately US$4.7 million in cash proceeds from initial copper-PGM concentrate sales during that month. Francesco D'Alessio is departing as CEO while Jim Bannantine leads the Commercial Department. Largo Inc. operates in the mining industry, producing critical materials including vanadium for steel, aerospace, defense, and energy storage sectors.

Largo Inc. secured a binding term sheet to restructure approximately US$82.2 million of outstanding commercial bank debt held by its Brazilian subsidiary, Largo Vanádio de Maracás S.A. The agreement extends the final maturity date from September 2026 to March 2030 and includes a six-month principal amortization grace period followed by 36 months of quarterly payments with monthly interest. This restructuring preserves near-term liquidity, allowing management time to execute operational plans at the Maracás Menchen Mine, ramp up copper-PGM concentrate production, and fulfill a US$60 million vanadium pentoxide order for the U.S. Defense Logistics Agency. The transaction remains subject to definitive documentation and customary closing conditions. Largo Inc. operates in the mining industry as the world's largest primary vanadium producer.

Largo Inc. reported Q2 2026 revenues of $44.0 million, a 68.5% increase from the prior year period, driven by higher vanadium prices and a 53.5% rise in sales volumes to 2,773 tonnes. Adjusted EBITDA improved significantly to $2.7 million from $34 thousand, while Mining Operations Adjusted EBITDA rose 64.8% to $4.4 million. The company secured a $60.1 million delivery order from the U.S. Defense Logistics Agency and commenced full-scale production of copper-PGM concentrates as by-products at its Maracás Menchen Mine in Brazil, targeting 300-380 tonnes per month. Despite these operational gains, Largo recorded a net loss of $22.7 million due to non-cash asset write-downs and higher input costs. The company operates in the mining industry as the world's largest primary vanadium producer.

Largo Inc. filed its unaudited interim financial statements and MD&A for the six months ended June 30, 2026. The company reported a net loss of $27,465 thousand, compared to a net loss of $14,957 thousand in the prior year period. Revenues increased 32% to $71,528 thousand, driven by higher vanadium sales volumes and prices. The filing discloses that Largo was awarded a five-year contract with the U.S. Department of Defense for up to $125 million in high-purity vanadium pentoxide deliveries, receiving an initial order valued at $60,100 thousand in July 2026. Additionally, the company commenced production of copper and platinum group metals as byproducts on August 7, 2026. Largo also raised $24,792 thousand through its ATM equity program during the period. The filing highlights material uncertainties regarding the company's ability to continue as a going concern due to declining vanadium prices and working capital deficits. Largo Inc. is a Canadian-based producer of vanadium products sourced from its Maracás Menchen Mine in Brazil.

Largo Inc. received approval from Brazil's National Mining Agency (ANM) to produce and sell copper concentrates with platinum group metals (PGM) as by-products at its Maracás Menchen mine in Bahia, Brazil. The company is commencing the ramp-up of this production using existing ilmenite flotation infrastructure, temporarily suspending ilmenite concentrate output to maximize copper-PGM yield. Industrial-scale tests confirmed the technical and commercial viability of recovering platinum, gold, palladium, silver, cobalt, and nickel. Management expects higher profit margins from these by-products compared to ilmenite and plans to provide production guidance in its quarterly earnings report on August 14, 2026. Largo Inc. is the world's largest primary vanadium producer.

Largo Inc. announced a senior leadership transition on August 6, 2026, appointing James Bannantine as Co-Chief Executive Officer alongside existing Co-CEO and Executive Chairman Alberto Arias. Daniel Tellechea is retiring from the Co-CEO role but will remain an advisor to the company and continue serving as a member of the Board of Directors. Mr. Bannantine brings extensive experience in mining turnarounds, having previously led operations at Aura Minerals and Great Panther Mining, and served as CEO for energy operations in Latin America. The appointment aims to enhance operational efficiency and support strategic growth projects, including Largo's vanadium business with the U.S. Defense Logistics Agency and its joint venture Storion Energy. Largo Inc. operates in the mining industry and is the world's largest primary producer of vanadium.