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. announced a senior leadership transition, appointing James (Jim) Bannantine as Co‑Chief Executive Officer alongside Executive Chairman and Co‑CEO Alberto Arias, while current Co‑CEO Daniel Tellechea retires from the role but remains an adviser and member of the board.
Bannantine brings prior CEO experience at Latin American mining companies and turnaround roles in mining, energy and U.S. government‑related projects, which the company expects will support operational efficiency, capital discipline and strategic growth. Largo describes itself as the world's largest primary vanadium producer, operating the Maracás Menchen Mine in Brazil and holding a 37.4% stake in U.S. vanadium flow‑battery joint venture Storion Energy.
Largo Inc. reported strong Q2 2026 operating results from its Maracás Menchen Mine, with vanadium pentoxide (V₂O₅) production rising 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 reached 5,516 tonnes, 55.2% higher than the first half of 2025, reflecting continued operational improvements.
Total ore mined increased 46.6% to 712,198 tonnes while maintaining an effective ore grade of 0.50% V₂O₅, and global recovery remained high at 82.5%. Ilmenite concentrate sales climbed 67.0% to 10,059 tonnes despite an 11.6% decline in production. The company highlighted strengthened access to the U.S. market, including resumed high-purity V₂O₅ production, a U.S. Defense Logistics Agency Strategic Materials delivery order, and confirmation that vanadium oxides and hydroxides under HTSUS 2825.30 are exempt from a new 25% U.S. Section 301 tariff on certain Brazilian products.
Largo Inc. reports that Nasdaq has notified the company it is not in compliance with the Nasdaq Capital Market minimum bid price requirement, because its common shares closed below US$1.00 for 30 consecutive business days under Rule 5550(a)(2). The shares remain listed on Nasdaq, and under Rule 5810(c)(3)(A) Largo has 180 calendar days from the notification date to regain compliance. Compliance will be restored if the closing bid price is at or above US$1.00 for at least 10 consecutive business days, assuming all other listing standards are met. The company is also listed on the Toronto Stock Exchange, and that listing is unaffected. Largo states that it intends to evaluate all available options to resolve the deficiency and regain compliance.
Largo Inc. reports that its U.S. subsidiary, Largo Resources USA Inc., received a US$60.1 million firm-fixed-price delivery order from the U.S. Defense Logistics Agency Strategic Materials. The order runs through January 2030 and is issued under a recently awarded five-year indefinite delivery, indefinite quantity (IDIQ) contract to supply high-purity vanadium pentoxide for the U.S. National Defense Stockpile, which has a stated overall maximum value of $125 million. Pricing is set per pound at a premium over 2026 benchmark V2O5 indexes and escalates 10% each year. The deal makes Largo an approved supplier within the U.S. defense industrial base, though the IDIQ structure provides no guaranteed minimum orders and allows the U.S. Government to modify or terminate the contract, so additional delivery orders are not assured.
Largo Inc. has secured a $60.1 million firm-fixed-price delivery order from the U.S. Defense Logistics Agency to supply high-purity vanadium pentoxide for the U.S. National Defense Stockpile.
Deliveries run through January 2030, creating a multi-year sales stream and deeper exposure to the U.S. market. Management expects the order to improve average realized vanadium prices and enhance Largo’s sales mix, and is adjusting production and commercial programs beginning in July 2026 to support execution.
The order is issued under a five-year Indefinite Delivery, Indefinite Quantity contract that is part of a larger shared award with an aggregate value of up to $125 million, though future delivery orders are not assured.
Largo Inc. has changed its independent auditor, as disclosed in this report. KPMG LLP resigned as auditor effective June 15, 2026, following mutual discussions about the benefits of having the auditor located in Brazil. The board’s audit committee and full board approved the appointment of KPMG Auditores Independentes Ltda. as successor auditor effective June 26, 2026 until the next annual general meeting.
The company states that KPMG LLP’s audit reports on the financial years ended December 31, 2025 and December 31, 2024 did not contain modified opinions, and that there were no “reportable events” as defined in National Instrument 51-102. The former auditor confirms agreement with the company’s notice, while the successor auditor agrees with the notice but does not confirm the statement regarding the absence of reportable events.
Largo Inc. reported that its U.S. subsidiary has been awarded a five-year Indefinite Delivery, Indefinite Quantity contract from the U.S. Defense Logistics Agency to supply up to 2,876 metric tonnes of high-purity vanadium pentoxide, with a contract ceiling of up to $125 million.
The contract uses firm-fixed-price delivery orders at a premium to 2026 benchmark V₂O₅ price indexes, escalating 10% annually thereafter. Largo produced 9,150 tonnes of V₂O₅ equivalent in 2025 and has guided for 10,500 to 12,000 tonnes in 2026, indicating existing capacity to support potential orders.
The company expects this award to strengthen its position in the U.S. critical minerals market, deepen relationships with government and defense customers, and potentially improve realized pricing versus depressed vanadium markets outside the U.S., although actual order volumes under the contract are not guaranteed.
Largo Inc. reported the results of its annual general and special meeting of shareholders held on June 16, 2026. Shareholders holding 54,492,193 common shares, representing 53.99% of outstanding shares, were present or represented by proxy, providing a solid quorum. They approved fixing the board at five directors, with 98.713% of votes cast in favor. All five director nominees were elected, with support ranging from 83.171% to 99.303% of votes cast. Shareholders also re-appointed KPMG LLP as auditors with 99.696% support and approved the amended and restated Share Compensation Plan by 84.126% of votes cast, maintaining the plan in substantially the same form as previously approved in 2023.
Largo Inc. reports the voting results from its Annual General and Special Meeting of Shareholders. A total of 54,492,193 common shares were voted, representing 53.99% of the issued and outstanding shares. Shareholders approved all items, including electing all director nominees, appointing KPMG LLP as auditors for the ensuing year, and approving the amended and restated share compensation plan.
Director support was strong, with most nominees receiving more than 98% of votes cast. Largo highlights its position as a leading primary vanadium producer and notes its 37.4% ownership of Storion Energy, a joint venture focused on vanadium-based long-duration energy storage solutions in the U.S.
Largo Inc. has begun a formal review of strategic alternatives for its tungsten assets in Canada and Brazil. The company plans to evaluate options such as partnerships, joint ventures, asset-level financing, minority investments, potential sales or spin-outs, and offtake-related structures.
The review focuses on the 100%-owned Northern Dancer Tungsten-Molybdenum Project in Yukon, Canada, and the Currais Novos Tungsten Project in Brazil, which is based on reprocessing historical tailings. Largo emphasizes that these are non-core assets and that its main focus remains on its vanadium and ilmenite operations in Brazil.
The company may engage a financial advisor or investment bank to help identify counterparties and execute any transaction, but it has not set a timetable and cautions there is no assurance that any deal will occur. Management highlights growing global interest in critical minerals and believes the tungsten portfolio could represent underrecognized value, while stressing that future outcomes remain uncertain and subject to numerous risks.