Largo Inc 6-K, filed Jan 15, 2026
Largo Inc. (LGO)
About this 6-K
Largo Inc filed this 6-K on January 15, 2026.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of January 2026
Commission File Number: 001-40333
LARGO INC.
(Translation of registrant's name into English)
1 First Canadian Place,
100 King Street West, Suite 1600
Toronto, Ontario M5X 1G5
Canada
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☐ Form 40-F ☒
Exhibit Index
| Exhibit | Description | |
| 99.1 | Material Change Report dated January 14, 2026 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: January 15, 2026
LARGO INC.
By: /s/ Daniel Tellechea
Name: Daniel Tellechea
Title: Co-Chief Executive Officer
FORM 51-102F3
MATERIAL CHANGE REPORT
Item 1 Name and Address of Company
Largo Inc. (the "Company")
First Canadian Place
100 King Street West, Suite 1600
Toronto, Ontario, Canada M5X 1G5
Item 2 Date of Material Change
January 5, 2026.
Item 3 News Release
On January 5, 2026, the Company issued a news release indicating the material change, which was disseminated on the Business Wire news service.
Item 4 Summary of Material Change
On December 31, 2025, the Company received a binding term sheet for the sale of approximately 4.5 million tons of iron ore calcine for an aggregate consideration of US$56 million (the "Proposed Transaction"). The Proposed Transaction is expected to provide near-term, non-dilutive liquidity and to optimize the Company's asset portfolio by monetizing a non-core material stream associated with its operations.
Item 5.1 Full Description of Material Change
On December 31, 2025, the Company received a binding term sheet for the sale of approximately 4.5 million tons of iron ore calcine for an aggregate consideration of US$56 million. The Proposed Transaction is expected to provide near-term, non-dilutive liquidity and to optimize the Company's asset portfolio by monetizing a non-core material stream associated with its operations.
The binding term sheet outlines the principal commercial terms for a multi-year Ex Works contract, subject to final documentation, amendments to certain commercial terms, and customary conditions for transactions of this nature.
The Company views this term sheet as an opportunity to unlock value from accumulated materials, reduce future infrastructure requirements for stockpiles and reduce disposal costs while maintaining focus on its primary vanadium business.
Item 5.2 Disclosure for Restructuring Transactions
Not applicable.
Item 6 Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
Not applicable.
Item 7 Omitted Information
Not applicable.
- 2 -
Item 8 Executive Officer
Further information regarding the matters described in this report may be obtained from Daniel Tellechea, Co-Chief Executive Officer & Director, at 416-861-9797 or info@largoinc.com.
Item 9 Date of Report
January 14, 2026