Company Overview

Largo Inc. is a Canada-based natural resources and clean energy company focused primarily on the production of vanadium products and the development of vanadium-based energy storage solutions. The company operates in the mining and critical minerals sector through its high-grade vanadium operations in Brazil and participates in the long-duration energy storage industry through its vanadium redox flow battery activities. Largo’s primary revenue driver has historically been the sale of vanadium pentoxide and related vanadium products used in steel alloys, aerospace applications, chemical catalysts, and emerging battery technologies.

The company’s principal operating asset is the Maracás Menchen Mine in Bahia, Brazil, which is widely recognized as one of the world’s higher-grade vanadium deposits. Largo evolved from a mineral exploration company into a vertically integrated vanadium producer and later expanded into clean energy infrastructure through investments in vanadium flow battery technology. Its strategy has emphasized linking upstream vanadium production with downstream energy storage applications, positioning the company within both the critical minerals supply chain and the energy transition market.

Business Operations

Largo generates revenue primarily through its Largo Physical Vanadium business and its clean energy activities associated with Largo Clean Energy Corp. The company’s core mining and processing operations are centered around the Maracás Menchen operation in Brazil, where vanadium-bearing ore is mined, processed, and refined into vanadium pentoxide, ferrovanadium, and other vanadium products for global industrial customers. The company also markets vanadium products internationally, including to customers in the steel, aerospace, chemical, and energy sectors.

In addition to mining operations, Largo has invested in vanadium redox flow battery systems designed for long-duration energy storage applications. Through Largo Clean Energy Corp., the company has developed and commercialized proprietary battery technology intended for grid-scale storage and renewable energy integration. Largo maintains international commercial relationships through vanadium trading and customer supply agreements and has operated through subsidiaries in Canada, Brazil, and the United States. Data regarding certain joint venture or partnership structures is limited in public disclosures and may vary across reporting periods.

Strategic Position & Investments

Largo’s strategic direction has centered on vertical integration across the vanadium value chain, combining upstream critical mineral production with downstream battery technology development. The company has invested in expanding vanadium production efficiency at the Maracás Menchen operation while also pursuing growth opportunities in energy storage infrastructure. Largo has highlighted long-duration storage as a strategic market tied to renewable energy adoption and grid modernization trends.

Major strategic initiatives have included investments in Largo Clean Energy Corp., commercialization efforts for vanadium redox flow batteries, and optimization projects at its Brazilian mining operations. Largo has also explored titanium dioxide byproduct opportunities associated with its ore processing streams. The company’s positioning benefits from ownership of a long-life vanadium asset and exposure to sectors associated with electrification and decarbonization, although the company remains materially influenced by global vanadium pricing and industrial demand cycles.

Geographic Footprint

Largo is headquartered in Toronto, Canada, while its primary operational asset is located in Bahia, Brazil. The company maintains a significant presence in South America through its mining and processing activities and serves customers across North America, Europe, and Asia through international vanadium sales and distribution channels.

Its operational influence extends into global energy storage markets through battery technology development activities in North America. Largo’s vanadium products are integrated into internationally traded industrial supply chains, and the company has publicly identified opportunities associated with growing demand for critical minerals and grid-scale energy storage across multiple regions. The majority of physical production assets, however, remain concentrated in Brazil.

Leadership & Governance

Largo was originally formed through the combination and development of mineral exploration and mining assets that ultimately led to the construction and operation of the Maracás Menchen Mine. The company’s leadership strategy has focused on operational efficiency, vertical integration, and long-term participation in the global energy transition through both critical minerals production and battery technology development.

Key members of leadership have included:

• Daniel Tellechea – Chief Executive Officer
• Jonathan Lee – Chief Financial Officer
• Mark Smith – Chairman of the Board
• Fransisco de Assis Gouveia Junior – Country Head, Brazil
• Spencer Cole – Chief Commercial Officer

Public disclosures and investor materials indicate that management has emphasized disciplined capital allocation, operational optimization, and expansion into long-duration energy storage technologies as core strategic priorities. Executive roles and leadership composition may change over time based on company filings and governance updates.