Largo Resources Ltd.

2.08

Canada & Ontario Toronto

55 University Avenue, Suite 1101

+1 416 861-9797

www.largoresources.com

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Company Press Releases

Largo Reports Fourth Quarter and Full Year 2023 Financial Results; Continued Focus on Operational Improvements and Cost Reduction to Offset Depressed Vanadium Prices

Largo Inc. ("Largo" or the "Company") (TSX: LGO) (NASDAQ: LGO) today released financial and operating results for the three and twelve months ended December 31, 2023. The Company reported annual vanadium pentoxide (“V2O5”) equivalent sales of 10,396 tonnes at a cash operating cost excluding royalties per pound1 sold of $5.30. Daniel Tellechea, Interim CEO and Director of Largo, stated: “The Company's financial results continued to be adversely affected by lower vanadium prices as highlighted by a sharp decline in the European V2O5 price of 22% i...

Largo Reports Fourth Quarter and Full Year 2023 Financial Results; Continued Focus on Operational Improvements and Cost Reduction to Offset Depressed Vanadium Prices

Largo Inc. ("Largo" or the "Company") (TSX: LGO) (NASDAQ: LGO) today released financial and operating results for the three and twelve months ended December 31, 2023. The Company reported annual vanadium pentoxide (“V2O5”) equivalent sales of 10,396 tonnes at a cash operating cost excluding royalties per pound1 sold of $5.30. Daniel Tellechea, Interim CEO and Director of Largo, stated: “The Company's financial results continued to be adversely affected by lower vanadium prices as highlighted by a sharp decline in the European V2O5 price of 22% i...

Largo Announces a Proposed Joint Venture with Stryten Energy to Bring Innovation and Scale to North American Vanadium Flow Battery Market

Largo Inc. (TSX: LGO) (NASDAQ: LGO) is pleased to announce the signing of a non-binding letter of intent with Stryten Energy LLC (“Stryten”) to establish a 50:50 joint venture that would combine the Company’s wholly owned subsidiary, Largo Clean Energy Corp. (“LCE”) with Stryten’s vanadium redox flow battery (“VRFB”) business (the “Proposed Transaction”). This announcement comes in concert with Enel Green Power España and LCE’s go-live of a 5.5-megawatt hour VRFB in Spain, the deployment of one of the largest ut...

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