Company Overview

Largo Inc. (NASDAQ: LGO; TSX: LGO) is a Canada-based natural resources and clean energy company focused primarily on the production and supply of vanadium products and the development of long-duration energy storage solutions. The company operates in the mining and materials sector through its high-grade vanadium operations in Brazil and participates in the renewable energy and grid storage industry through its vanadium redox flow battery (VRFB) activities. Largo’s principal revenue driver has historically been the sale of vanadium pentoxide, vanadium flake, and vanadium powder used in steel alloys, aerospace applications, chemicals, and emerging battery technologies.

The company’s core asset is the Maracás Menchen Mine in Bahia, Brazil, which is widely recognized as one of the world’s higher-grade vanadium deposits. Largo has evolved from a mining-focused producer into a vertically integrated vanadium and energy storage company through investments in downstream processing and battery technology. Its strategic positioning is tied to supplying critical minerals while also participating in decarbonization and grid modernization trends through vanadium-based energy storage systems.

Business Operations

Largo operates through mining, processing, and energy storage-related activities. Its principal operating segment centers on the production and commercialization of vanadium products from the Maracás Menchen operation, which includes an open-pit mine, processing plant, and related logistics infrastructure in Brazil. The company generates revenue primarily from vanadium sales to customers in the steel, aerospace, chemical, and energy storage industries across international markets. Largo also produces ilmenite concentrate as a secondary product stream.

The company has expanded into clean energy infrastructure through Largo Clean Energy Corp., which focuses on VRFB technology and battery deployment. Largo controls proprietary battery system designs and vanadium electrolyte-related capabilities intended for utility-scale and industrial energy storage applications. Its operations include commercial activities in North America, South America, Europe, and Asia, supported by international customer relationships and distribution channels. Largo has also maintained strategic relationships with technology and industrial partners connected to battery deployment, vanadium supply, and advanced materials processing.

Strategic Position & Investments

Largo’s strategy has focused on vertical integration across the vanadium value chain, including mining, refining, electrolyte production, and energy storage systems. The company has invested in expanding production efficiency at the Maracás Menchen Mine while also pursuing downstream opportunities tied to the growing demand for long-duration energy storage. Largo has publicly emphasized the importance of vanadium’s role in supporting renewable energy integration and grid resiliency, particularly through VRFB technology, which offers long cycle life and non-flammable characteristics compared with certain lithium-ion systems.

Key investments have included the development of Largo Clean Energy Corp. and the advancement of proprietary battery technologies and electrolyte production capabilities. The company has also explored opportunities related to titanium dioxide feedstock and critical minerals processing. Public disclosures and corporate filings indicate that Largo continues to evaluate operational optimization initiatives, battery commercialization opportunities, and strategic partnerships intended to strengthen its position in both critical minerals and clean energy markets. Certain commercialization timelines and long-term deployment expectations for battery technologies remain dependent on market adoption and project execution.

Geographic Footprint

Largo is headquartered in Toronto, Canada, with its principal mining and processing operations located in Bahia, Brazil. The company’s vanadium products are sold internationally, with commercial exposure to customers in North America, Europe, Asia, and South America. Brazil remains the operational center for extraction and primary processing activities, while corporate management, capital markets functions, and strategic planning activities are coordinated from Canada.

The company’s international footprint is influenced by global demand for specialty metals and energy storage technologies. Largo’s vanadium products support industrial and manufacturing customers across multiple continents, and its clean energy initiatives target utility-scale and commercial energy storage markets. Its operational influence is therefore tied both to global steel and alloy supply chains and to emerging renewable energy infrastructure markets.

Leadership & Governance

Largo was originally developed through the advancement of its Brazilian vanadium assets and later transitioned into a broader critical minerals and energy storage company. The company is governed by a board of directors and executive leadership team with experience in mining, capital markets, engineering, and energy infrastructure. Corporate strategy has emphasized operational discipline, vertical integration, and participation in energy transition markets tied to critical minerals and grid storage technologies.

Key executives include:

• Daniel Tellechea – Chief Executive Officer
• Mark Smith – Chairman of the Board
• Paulo Misk – President, Largo Clean Energy
• Julio Hiratuka – Chief Financial Officer
• Anastasia Chernysheva – Chief Commercial Officer

Management has consistently communicated a strategy centered on operational optimization at the Maracás Menchen Mine, disciplined capital allocation, and the expansion of Largo’s presence in vanadium-based energy storage solutions. Public company disclosures, including SEC filings and investor materials, indicate that leadership views vertical integration and exposure to decarbonization-related infrastructure as central long-term strategic priorities.