Welcome to our dedicated page for Largo SEC filings (Ticker: LGO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Largo Inc.'s SEC filings document the formal disclosure record of a Canadian mining issuer whose common shares trade on the TSX and Nasdaq. The filings include Form 6-K current reports and material change reports covering operating results at the Maracás Menchen Mine, V2O5 and ilmenite production and sales, vanadium market conditions, tariff effects, by-product testing and commercialization matters, and changes in senior operating and legal leadership.
The filing record also covers capital-structure and financing disclosures, including a Form F-3 shelf registration, prospectus supplement and at-the-market program for common shares. Other disclosures describe material agreements involving iron ore calcine inventory, regulatory requests for potential by-product production, Storion Energy exposure in long-duration energy storage, risk-related market conditions, and governance reporting as a foreign issuer indicating Form 40-F status.
Largo Inc. is convening an annual general and special meeting of shareholders on June 16, 2026 in Toronto. Holders of common shares as of April 30, 2026 can vote on several key governance items, including fixing the board at five directors, electing the slate of five nominees, re‑appointing KPMG as auditor and approving an Amended and Restated Share Compensation Plan.
The circular explains detailed proxy voting procedures for registered and beneficial owners, including deadlines for appointing third‑party proxyholders by June 12, 2026. Largo is using notice‑and‑access, directing investors to online meeting materials and allowing free paper copies on request.
The document outlines corporate governance practices, board and committee structures, independence assessments and diversity objectives. It highlights that 101,089,300 common shares were outstanding as of May 4, 2026, with director Alberto Arias, through ARC Funds and related holdings, controlling 32,957,053 shares, or about 32.6% of the company.
Largo Inc. reported Q1 2026 results showing sharply stronger mining output but continued losses. V2O5 equivalent production rose 101.7% to 2,616 tonnes, at the upper end of guidance, with ore mined up 90.8% and ilmenite output up 86.8% versus Q1 2025.
Despite this, revenues were $27.5 million, slightly below $28.2 million a year earlier, reflecting the impact of a 50% U.S. import tariff on Brazilian products that was cut to 10% mid‑quarter. Net loss improved to $4.7 million from $9.2 million, helped by a 19% reduction in operating costs and a $4.7 million recovery of vanadium assets, though adjusted EBITDA fell to negative $4.3 million. Largo ended the quarter with $11.2 million in cash and $108.4 million in debt, raised $19.7 million through its at‑the‑market equity program, and reiterated 2026 guidance for 10,500–12,000 tonnes of V2O5 equivalent production and 7,500–9,500 tonnes of sales.
Largo Inc. reported Q1 2026 interim results showing revenue of $27,529 and a net loss of $4,730, an improvement from Q1 2025 as operating costs fell 19% to $34,494 and prior vanadium write-downs were partly reversed by a $4,687 recovery.
The balance sheet remains strained, with total debt of $108,367, a working capital deficit of $72,892, and all debt classified as current. Management discloses material uncertainties that cast substantial doubt on the company’s ability to continue as a going concern and is pursuing refinancing, new inventory financing and an at-the-market equity program of up to $60,000. Vanadium production reached 2,616 tonnes V2O5 equivalent and ilmenite output rose sharply, while U.S. tariff relief on vanadium and stronger U.S. prices are expected to support Q2 2026 revenues.
Largo Inc. filed a Form F-10 shelf registration to offer up to C$200,000,000 of securities from time to time during a 25-month period, including Common Shares, Warrants, Units, Debt Securities and Subscription Receipts. The Prospectus supplements will set the specific terms and methods of sale, including potential at-the-market offerings.
The company discloses material financial stress: "There is substantial doubt about our ability to continue as a going concern" and states it requires additional financing. The Prospectus also notes an existing TSX continued listing review and references recent trade actions affecting U.S. tariffs on Brazilian imports. As of May 6, 2026 the Company had 101,336,861 Common Shares issued and outstanding, and earlier ATM activity totaled 16,567,427 Common Shares issued under the ATM Program.
Largo Inc. reported a sharp operational rebound in Q1 2026, with vanadium pentoxide (V2O5) production from its Maracás Menchen Mine rising 101.7% to 2,616 tonnes and total ore mined up 90.8% to 852,046 tonnes versus Q1 2025. Sales of V2O5 equivalent grew modestly to 2,141 tonnes, an increase of 3.6%, while ilmenite concentrate production and sales rose 86.8% and 32.7%, respectively.
The company filed a request with Brazil’s ANM to authorize production and sale of copper, platinum group metals, nickel and cobalt as by-products, backed by flotation test concentrates grading 16.6% copper plus meaningful gold, platinum, palladium, silver, nickel, cobalt and rhodium values. Largo also simplified its leadership structure, naming Luis Rendón sole Chief Operating Officer and promoting Luânder Peixoto to Group General Counsel, as it emphasizes continued operational improvements and potential revenue diversification.
Largo Inc. filed an Amendment No. 1 on Form 40-F/A to correct an inadvertently included exhibit and to furnish new officer certifications. The amendment replaces Exhibit 99.3 (Management's Discussion and Analysis for the year ended December 31, 2025) and adds Rule 13a-14(a)/15d-14(a) and Section 1350 certifications.
The filing states that no financial statement changes were made and that other information in the original filing remains unchanged. Shares outstanding are listed as 83,673,905 common shares.
Largo Inc. reported weaker 2025 financial results as U.S. tariffs hurt high‑purity vanadium sales, but operations and costs improved exiting the year. Revenue was $109.9M, down from $124.9M in 2024, while net loss widened to $68.7M from $50.6M.
The Maracás Menchen mine produced 9,150 tonnes of V2O5 equivalent, within guidance. Adjusted cash operating costs excluding royalties fell to $3.32/lb from $4.05/lb, reflecting turnaround efforts. However, Q4 2025 adjusted EBITDA was negative $6.6M and full‑year adjusted EBITDA was negative $7.3M.
Largo ended 2025 with cash of $9.7M and debt of $107.1M, then raised net proceeds of $19.5M via an at‑the‑market share program. The February 2026 removal of 50% U.S. tariffs is allowing high‑purity sales to resume. For 2026, Largo targets V2O5 production of 10,500–12,000 tonnes, sales of 7,500–9,500 tonnes, and adjusted cash operating costs excluding royalties of $3.50–$4.50/lb.
Largo Inc. files its Annual Report on Form 40-F presenting its audited consolidated financial statements and related disclosures for the fiscal year ended December 31, 2025. The report states 83,673,905 common shares outstanding as of the close of the period and that Largo is a foreign private issuer eligible to use Canadian disclosure rules and IFRS. The filing includes the Annual Information Form, audited financial statements with KPMG LLP's report, MD&A, officer certifications, and audit-fee disclosures. The registrant confirms it met SEC reporting and interactive data submission requirements and identifies Audit Committee members and an audit committee financial expert.
Largo Inc. reports that its previously announced iron ore sale agreement has been terminated after the buyer failed to make an initial payment. The deal covered approximately 4.5 million tonnes of iron ore calcine material for total consideration of US$56 million.
The definitive iron ore agreement, signed on January 20, 2026, required an initial payment of US$2.9 million, originally due by January 30, 2026 and later deferred to February 9, 2026. After the payment was still not received by the cure deadline of February 20, 2026, the agreement was terminated in accordance with its terms. Largo states that it intends to pursue its rights and remedies against the counterparty under the agreement.
Largo Inc. has terminated its previously announced agreement to sell up to 4.5 million tonnes of iron ore calcine after the counterparty failed to make the required initial $2.9 million payment, despite a cure period. No material was delivered, Largo retains full ownership of the inventory, and the termination is not expected to have a material impact on its financial position, liquidity, or ongoing operations. The company intends to pursue its rights and remedies and is reengaging with alternative potential buyers.
Largo is also assessing a recent U.S. Supreme Court decision that struck down a 50% tariff on Brazilian imports, including its vanadium products. It holds high-purity vanadium units in bonded U.S. warehouses that can be released once tariffs are modified or reduced, potentially improving supply to U.S. steel, aerospace, defense, and specialty alloy customers.
Since a February 12, 2026 update, European ferrovanadium prices have risen from about $25.6/kg to $27.7/kg, while U.S. ferrovanadium prices have climbed from roughly $17–18.5/lb to over $21/lb, with recent trades near $23/lb. Vanadium pentoxide prices are now above $5.5/lb, indicating strengthening vanadium market conditions.