Largo Inc. launches US$60 million ATM program

Largo Inc. established an at-the-market equity program that permits issuances of up to US$60 million of common shares on The Nasdaq Stock Market.

Rhea-AI Filing Summary

Largo Inc. established an at-the-market equity program that permits issuances of up to US$60 million of common shares on The Nasdaq Stock Market. The shares may be sold from time to time through H.C. Wainwright & Co., LLC, which will act as sole sales agent, with sales taking place at prevailing market prices and subject to market conditions and applicable securities laws.

No sales under this program will be made in Canada or through Canadian exchanges. Largo describes the program as a way to provide additional financial flexibility and to access capital markets opportunistically for working capital and general corporate purposes. The program is supported by an effective Form F-3 registration statement, a base shelf prospectus, and a related prospectus supplement filed with the U.S. Securities and Exchange Commission.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What material change did Largo Inc. (LGO) report in this 6-K?

Largo Inc. reported that it established an at-the-market offering program permitting issuances of up to US$60 million of common shares on The Nasdaq Stock Market.

How large is Largo Inc.'s new ATM equity program?

The ATM program permits Largo Inc. to issue up to US$60 million of common shares, sold into the market over time at prevailing prices.

Who is the sales agent for Largo Inc.'s US$60 million ATM program?

Under the ATM offering agreement dated January 7, 2026, H.C. Wainwright & Co., LLC acts as the sole sales agent for sales of common shares.

On which market will Largo Inc. shares be sold under the ATM program?

Common shares under the ATM program may be issued on The Nasdaq Stock Market, and the company states no sales will be made in Canada or through Canadian exchanges.

What are the intended uses of proceeds from Largo Inc.'s ATM offering?

Largo Inc. states that it views the ATM program as a way to access capital for working capital and general corporate purposes, providing additional financial flexibility.

What SEC filings support Largo Inc.'s ATM program?

Largo Inc. filed a registration statement on Form F-3, including a base shelf prospectus and a prospectus supplement with the SEC, relating specifically to the ATM program.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 01/22/2026 - 04:06 PM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of January 2026

Commission File Number: 001-40333

LARGO INC.

(Translation of registrant's name into English)

1 First Canadian Place,

100 King Street West, Suite 1600

Toronto, Ontario M5X 1G5

Canada

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☐              Form 40-F ☒

Exhibit Index

Exhibit		Description
99.1		Material Change Report dated January 21, 2026

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: January 22, 2026

LARGO INC.

By: /s/ Daniel Tellechea
Name: Daniel Tellechea
Title: Co-Chief Executive Officer

FORM 51-102F3

MATERIAL CHANGE REPORT

Item 1 Name and Address of Company

Largo Inc. (the "Company")

First Canadian Place

100 King Street West, Suite 1600

Toronto, Ontario, Canada M5X 1G5

Item 2 Date of Material Change

January 8, 2026.

Item 3 News Release

On January 8, 2026, the Company issued a news release indicating the material change, which was disseminated on the Business Wire news service.

Item 4 Summary of Material Change

On January 8, 2026, the Company announced that it established an at-the-market ("ATM") offering (the "ATM Program") permitting issuances of up to US$60 million of common shares on The Nasdaq Stock Market, pursuant to an at the market offering agreement entered into with H.C. Wainwright & Co., LLC ("Wainwright") dated January 7, 2026 (the "ATM Offering Agreement").

Item 5.1 Full Description of Material Change

On January 8, 2026, the Company announced that it established an ATM Program permitting issuances of up to US$60 million of common shares on The Nasdaq Stock Market. Pursuant to the ATM Offering Agreement, sales of common shares under the ATM Program, if any, will be made through HCW, acting as the sole sales agent, at prevailing market prices at the time of sale, subject to market conditions and accordance with applicable securities laws. No sale of common shares under the ATM Program will be made in Canada or over or through the facilities of the Toronto Stock Exchange or any other exchange or market in Canada.

The Company views the ATM Program as an opportunity to provide additional financial flexibility and allow Largo to access the capital markets opportunistically, subject to market conditions, for working capital and general corporate purposes.

The Company filed a registration statement on Form F-3 (File No. 333-291472), including a base shelf prospectus, and a prospectus supplement with the U.S. Securities and Exchange Commission relating to the ATM Program.

Item 5.2 Disclosure for Restructuring Transactions

Not applicable.

Item 6 Reliance on subsection 7.1(2) of National Instrument 51-102

Not applicable.

Item 7 Omitted Information

Not applicable.

- 2 -

Item 8 Executive Officer

Further information regarding the matters described in this report may be obtained from Daniel Tellechea, Co-Chief Executive Officer & Director, at 416-861-9797 or info@largoinc.com.

Item 9 Date of Report

January 21, 2026.