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. has received a binding term sheet for the sale of approximately 4.5 million tons of iron ore calcine for aggregate consideration of US$56 million. This multi-year Ex Works contract is subject to final documentation, amendments to certain commercial terms, and customary closing conditions.
The company describes this proposed sale as a way to provide near-term, non-dilutive liquidity and to optimize its asset portfolio by monetizing a non-core material stream. Largo also notes that the transaction is intended to unlock value from accumulated materials, lower future infrastructure needs for stockpiles, and reduce disposal costs while it continues to focus on its primary vanadium business.
Largo Inc. investors West Family Investments, Inc., Gary West, and Mary West report beneficial ownership of 2,200,845 shares of common stock, or about 2.6% of the class. The shares are held directly by West Investment Holdings LLC and West CRT Heavy, LLC, Delaware limited liability companies managed by the Adviser, which has shared voting and dispositive power over all of these shares and no sole power.
The percentage is based on 83,313,022 Largo common shares outstanding as of November 11, 2025, as disclosed in the company’s recent Form F-3 and Form 424B. This amendment is being filed to report that the reporting persons have ceased to be beneficial owners of more than 5% of the class, and they certify the holdings are not for the purpose of changing or influencing control of Largo Inc.
Largo Inc. has set up an at-the-market equity program to issue and sell common shares with an aggregate offering price of up to US$60,000,000 under its Form F-3 registration statement. The company entered into an at the market offering agreement with H.C. Wainwright & Co., LLC as manager, allowing sales of shares on the Nasdaq Capital Market and certain other U.S. transactions, but not through Canadian markets. Canadian counsel Stikeman Elliott LLP opined that, when issued and paid for in accordance with the agreement, these common shares will be validly issued, fully paid and non-assessable under Ontario and applicable Canadian federal law.
Largo Inc. is registering an at-the-market offering of up to $60 million of common shares, to be sold from time to time through H.C. Wainwright & Co. as sales agent. Wainwright will receive a 3% commission on gross proceeds. The company plans to use any net proceeds, together with existing cash, for working capital and general corporate purposes.
Largo highlights substantial doubt about its ability to continue as a going concern after reporting net losses of $50.6 million in 2024 and $51.6 million for the first nine months of 2025, and a working capital deficit of $78.9 million as of September 30, 2025, with $96.0 million of debt due within 12 months. A term sheet with Brazilian lenders defers $84.2 million of debt repayments to September 2026, supported by $23.4 million recently raised in an October 2025 registered direct offering and concurrent private placement. The company’s U.S. vanadium sales are being materially hurt by higher U.S. tariffs on Brazilian imports, and it faces Nasdaq bid-price and market volatility risks.
Largo Inc. filed a Form F-3 prospectus for the resale of up to 15,260,671 common shares issuable upon exercise of outstanding warrants. The warrants were issued in an October 22, 2025 private placement and are exercisable immediately for five years at $1.22 per share (Placement Agent Warrants at $1.53), including 998,362 Placement Agent Warrant Shares.
The company will not receive proceeds from selling shareholders’ resales; it would receive cash only if warrants are exercised for cash. The prospectus notes Largo would expect to receive approximately $18,927,511 in gross proceeds if all such warrants are exercised for cash. Common shares outstanding were 83,313,022 as of November 11, 2025.
The shares trade on Nasdaq and the TSX under “LGO.” The prospectus highlights risk factors, including market volatility, potential dilution from future issuances, and liquidity constraints discussed in prior filings.