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Largo Corporate update on Sustained Operational Progress and Sales Impact of US Tariffs and Short-Term Liquidity
All amounts expressed are in U.S. dollars, denominated by “$”. Annual product...
About this update from Largo Inc.
[{"type":"text","content":"Largo Corporate update on Sustained Operational Progress and Sales Impact of US Tariffs and Short-Term Liquidity\n\n\n .bwlistdisc { list-style-type: disc }\n \n\n\n\n All amounts expressed are in U.S. dollars, denominated by “$”.\n \n\n\n Annual production on track with vanadium pentoxide production of 931 tonnes in August and 856 tonnes in July and ilmenite plant expansion currently targeting October 2025 commissioning\n \n\n Limited working capital has delayed the release of inventory under the Company’s inventory financing facilities for delivery to some customers and is affecting payments to suppliers and service providers. Largo is evaluating various financing solutions\n \n\n 50% tariffs on U.S. imports of high purity vanadium products and current liquidity issues have resulted in delayed and/or some defaulted deliveries\n \n\n The Company is evaluating opportunities to unlock the value of its tungsten projects; Largo owns 100% of the Northern Dancer tungsten-molybdenum project in Yukon, Canada as well as its Currais Novos tungsten project in Brazil\n \n\n\n\n\n Largo Inc. (\"\n \n Largo\n \n \" or the \"\n \n Company\n \n \") (\n \n TSX: LGO\n \n ) (\n \n NASDAQ: LGO\n \n ) announces an operational update, adjustments to its U.S. sales strategy amid ongoing tariff measures, and a financing update.\n \n\n\n Vanadium Production Update\n \n\n\n The Company is pleased to report sustained production levels during Q3 2025. In August 2025, the Company produced 931 tonnes of vanadium pentoxide (“\n \n V\n \n 2\n \n O\n \n 5\n \n\n ”) equivalent, an improvement from 856 tonnes of V\n \n 2\n \n O\n \n 5\n \n produced in July 2025. These results further reflect the progress of the operational turnaround program initiated earlier this year, which continues to deliver improvements in mine planning, equipment availability, and overall plant performance.\n \n\n\n Ilmenite expansion under installation and aiming for late October commissioning\n \n\n\n Largo produced 4,141 tonnes of ilmenite concentrate in July 2025 and 3,298 tonnes in August 2025 with TiO\n \n 2\n \n grades above 46%. In September 2025, the Company started the installation of additional flotation cell circuits to increase its capacity to 115,000mt from 42,000mt of ilmenite concentrate annually. The ilmenite circuit stopped production i...