Welcome to our dedicated page for Largo news (Ticker: LGO), a resource for investors and traders seeking the latest updates and insights on Largo stock.
Largo Inc. reports operating, commercial and financing developments for a primary vanadium producer with mining and processing operations centered on the Maracás Menchen Mine in Bahia, Brazil. News commonly covers V2O5 production and sales, ilmenite concentrate output, ore grades, recovery rates, mine access, cost controls, and demand conditions in steel, aerospace, defense, chemical and energy-storage markets.
Company updates also address tariff effects on Brazilian-origin vanadium products, ferrovanadium and V2O5 market conditions, by-product opportunities involving iron ore calcine, copper, platinum group metals, nickel and cobalt, and capital actions such as at-the-market common-share offerings. Largo also has exposure to long-duration energy storage through Storion Energy and discloses governance changes when management roles change.
Largo (TSX: LGO, NASDAQ: LGO) announced that the Toronto Stock Exchange's Continued Listing Committee has decided to lift its remedial delisting review of the company, initially disclosed in October 2025. As a result, Largo is no longer under delisting review and its common shares will continue trading on the TSX under the symbol LGO.
According to Largo, the TSX decision follows the recently announced binding term sheet for restructuring its commercial bank debt and reflects an improved near-term outlook. The company also noted that neither the TSX nor Nasdaq has approved or disapproved the contents of this announcement.
Largo (TSX/NASDAQ: LGO) and its Brazilian subsidiary Largo Vanádio de Maracás S.A. have signed a binding term sheet with a syndicate of Brazilian banks to restructure approximately US$82.2 million of LVMSA’s commercial bank debt linked to the Maracás Menchen Mine.
The final maturities are proposed to move from September 2026 to March 2030, with a six-month principal grace period, then 36 months of quarterly principal amortization and monthly interest payments. According to Largo, this schedule is intended to align with operational plans, including ramp-up of copper-PGM concentrate and deliveries under a previously announced US$60 million high-purity vanadium pentoxide order to the U.S. Defense Logistics Agency. The restructuring remains subject to definitive documentation, collateral arrangements, interest-rate agreement and customary closing conditions. Largo will discuss these developments on its Q2 2026 earnings webcast on August 21, 2026.
Largo (TSX/Nasdaq: LGO) reported Q2 2026 revenue of $44.0 million, up 68.5% year over year, driven by 53.5% higher V₂O₅ equivalent sales and stronger vanadium prices. Adjusted EBITDA turned positive at $2.7 million and Mining Operations Adjusted EBITDA reached $4.4 million, despite higher raw material and energy costs.
V₂O₅ production rose 28.5% to 2,900 tonnes, and ilmenite sales increased 67.0%. Largo still posted a net loss of $22.7 million and ended the quarter with $5.1 million cash and $114.2 million debt. The company reiterated 2026 vanadium guidance and launched copper‑PGM by‑product production, guiding to 300–380 t/month concentrate at about 15% copper and 41 g/t PGMs. Subsequent events include a $60.1 million U.S. Defense Logistics Agency delivery order, ATM equity proceeds of $24.8 million, and confirmation that Brazilian V₂O₅ remains exempt from new U.S. Section 301 tariffs.
Largo (TSX/NASDAQ: LGO) received approval from Brazil's National Mining Agency (ANM) to produce and sell copper, platinum group metals (PGM), nickel and/or cobalt as by-products from its Maracás Menchen mine in Bahia, alongside existing vanadium, titanium and iron production.
Industrial-scale tests showed the potential to recover commercial-grade copper-PGM concentrates containing platinum, gold, palladium, silver, cobalt and nickel. Largo has started ramping up copper-PGM concentrate production, temporarily suspending ilmenite (titanium) concentrate output to maximize use of existing flotation infrastructure.
The company expects, if ramp-up and commercialization are successful, that copper-PGM concentrates could offer higher profit margins than ilmenite and diversify revenue. Largo plans to discuss first-shipment terms with smelters and traders and to provide production and sales guidance with its quarterly earnings on August 14, 2026.
Largo (TSX:LGO, NASDAQ:LGO) announced a senior leadership transition, appointing James (Jim) Bannantine as Co-Chief Executive Officer alongside Executive Chairman and Co-CEO Alberto Arias, and confirming the retirement of Co-CEO Daniel Tellechea, who will remain a board member and advisor.
Bannantine has previously led multiple mining companies in Latin America, including Aura Minerals and Great Panther Mining, and has turnaround, energy sector and U.S. Department of Defense-related experience. According to Largo, Tellechea’s tenure included operational efficiency and cost reduction initiatives during a severe cyclical decline in vanadium prices.
Largo (TSX/NASDAQ: LGO) reported strong Q2 2026 operating results from its Maracás Menchen Mine, with V₂O₅ production up 28.5% year over year to 2,900 tonnes and V₂O₅ equivalent sales up 53.4% to 2,773 tonnes. Year-to-date V₂O₅ production rose 55.2% to 5,516 tonnes versus the first half of 2025.
Total ore mined increased 46.6% to 712,198 tonnes, concentrate production grew 31.2% to 117,783 tonnes and ilmenite concentrate sales climbed 67.0% to 10,059 tonnes, despite an 11.6% drop in ilmenite production. Global recovery remained high at 82.5%. According to Largo, vanadium oxides and hydroxides under HTSUS 2825.30 from Brazil are exempt from the new additional 25% U.S. Section 301 tariff effective July 22, 2026, preserving the company’s U.S. market access, while exposure to the Brazil-specific tariff on ferrovanadium is limited.
Largo (TSX: LGO, NASDAQ: LGO) received a Nasdaq Listing Qualifications notification on July 10, 2026 that its common shares are not in compliance with Nasdaq Rule 5550(a)(2), as the closing bid has been below US$1.00 for 30 consecutive business days.
The company has 180 calendar days from the notification date to regain compliance, during which its shares will continue trading on the Nasdaq Capital Market. Compliance can be restored if the bid price closes at or above US$1.00 for at least 10 consecutive business days and other listing conditions are met. According to Largo, the notice does not affect its listing on the Toronto Stock Exchange, and it intends to evaluate options to address the deficiency.
Largo (TSX/NASDAQ: LGO) received a US$60.1 million firm-fixed-price delivery order from the U.S. Defense Logistics Agency Strategic Materials under a recently awarded five-year IDIQ contract.
The order covers high-purity vanadium pentoxide deliveries from Brazil to the U.S. National Defense Stockpile through January 2030, supporting multi-year revenue visibility, higher average realized vanadium prices, an improved sales mix, and greater exposure to the U.S. market.
Largo (TSX, NASDAQ: LGO) was awarded a five-year Indefinite Delivery, Indefinite Quantity contract by the U.S. Defense Logistics Agency to supply up to 2,876 metric tonnes of high-purity vanadium pentoxide for the U.S. National Defense Stockpile, with a maximum value of US$125 million.
Delivery orders use a firm-fixed-price per pound at a premium to 2026 benchmark indexes, escalating 10% annually. Largo produced 9,150 tonnes V₂O₅ equivalent in 2025 and guides 10,500–12,000 tonnes for 2026, with Q1 2026 production of 2,616 tonnes.
Largo (TSX/NASDAQ:LGO) reported results from its Annual General and Special Meeting of Shareholders held on June 16, 2026. Shareholders voted 54,492,193 common shares, representing 53.99% of issued and outstanding shares, and approved all matters, including director elections, auditor appointment and an amended share compensation plan.
Director support ranged from 83.171% to 99.303% of votes cast.