Largo Inc.

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. The Marac s Menchen Mine is our principal operating asset and has accounted for substantially all of our revenues since commencing operations in 2014. The Company is in the process of developing and increasing additional revenue streams from the deposit, including increasing its ilmenite concentrate sales, exploring the potential of TiO2 pigment production in the future, and commercializing its iron ore calcine material that is produced as a byproduct of production. In July 2023, the Company completed the construction of its ilmenite plant and is focused on the ramp up of its ilmenite concentrate production. In 2025, ilmenite concentrate production was 30,282 tonnes against 44,863 tonnes produced in 2024. Vanadium is primarily used as an alloy to strengthen steel and reduce its weight and in alloys like titanium. Vanadium enhanced steels are currently used in a vast range of products, including rebar, automobiles and transport infrastructure, and is increasingly being adopted in other products and applications that demand stronger and lighter steel.