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Largo Inc. reported Q3 2026 V₂O₅ production of 2,093 tonnes and sales of 2,428 tonnes, while recording first copper, gold, platinum and palladium by-product production. Debt-restructuring agreements cover approximately 58.4% of commercial bank senior debt.
Largo Inc. received INEMA's environmental permit for the GAN open pit vanadium-copper-gold-PGM mine and associated infrastructure. The four-year license supports its current 31-year mine plan and adds operational flexibility.
Largo Inc. closed a registered direct offering of 10,200,000 common shares plus warrants for up to 10,200,000 shares, raising approximately US$5.7 million gross. Warrants have a US$0.70 exercise price, expire five years from issuance, and proceeds will fund working capital.
Largo Inc. agreed to sell up to an aggregate of $5,712,000 of common shares and common warrants, comprising 10,200,000 shares and 10,200,000 investor warrants, with H.C. Wainwright & Co., LLC receiving 539,000 placement-agent warrants.
Largo shifted toward high-purity vanadium and copper-PGM concentrates, whose recent sales generated approximately US$4.7 million at operating margins above 90%; definitive restructuring agreements cover approximately 48% of its approximately US$82 million in commercial bank senior debt.
