Largo Inc.

- Material Project - Marac s Menchen Mine - Project Description, Location and Access ". (3) Holds a 100% interest in the tungsten-molybdenum Northern Dancer Project in the Yukon, Canada. (4) Holds a 100% interest in the tungsten tailings Currais Novos Project in Brazil. (5) Holds explorations rights and an option to lease the iron-vanadium Campo Alegre Project in Brazil pursuant to an agreement with CPBM. (6) Holds a 100% interest in our Marac s Menchen Mine. (7) These entities facilitate the Company's sales and distribution capabilities. See also " Description of the Business - Marketing and Distribution ". (8) Incorporated to hold the Company's titanium-related assets in Brazil. (9) Holds a 37.4% interest in Storion Energy, LLC - a joint venture with Stryten Critical E-Storage, LLC, who holds a 37.4% interest in Storion Energy, LLC and Atlas Storion Investor LLC, who holds a 25.3% interest in Storion Energy, LLC. 2025 ANNUAL INFORMATION FORM 8 GENERAL DEVELOPMENT OF THE BUSINESS Largo is a Canadian natural resource company listed on the TSX (LGO) and NASDAQ (LGO). We are one of the world's preferred vanadium companies focused on the production of vanadium pentoxide (V 2 O 5 ) at our Marac s Menchen Project located in Bahia, Brazil, being the Company's sole material project for the purposes of NI 43-101. The Marac s Menchen Project consists of the currently operating Marac s Menchen Mine (Campbell Pit) and includes a number of other deposits being explored throughout the project area.