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Largo Reports Strong Production and Sales in Q1 2026; Files Request for Authorization to Produce and Sell Copper, Platinum Group Metals, Nickel and Cobalt as By-Products of Vanadium Operations; and Announces Sole Chief Operating Officer and General Counsel Promotion
All amounts expressed are in U.S. dollars, denoted by "$". Q1 2026 Highlights Vanadium pent...
About this update from Largo Inc.
[{"type":"text","content":"Largo Reports Strong Production and Sales in Q1 2026; Files Request for Authorization to Produce and Sell Copper, Platinum Group Metals, Nickel and Cobalt as By-Products of Vanadium Operations; and Announces Sole Chief Operating Officer and General Counsel PromotionAll amounts expressed are in U.S. dollars, denoted by \"$\".Q1 2026 HighlightsVanadium pentoxide (\"V2O5\") production in Q1 2026 increased 101.7% to 2,616 tonnes vs. 1,297 tonnes in Q1 2025.Total ore mined in Q1 2026 increased 90.8% to 852,046 tonnes vs. 446,614 tonnes mined in Q1 2025. The effective ore grade1 was 0.48% V2O5 in Q1 2026 vs. 0.41% in Q1 2025.Global recovery2 in Q1 2026 was 76.3% compared to 77.8% in Q1 2025.Sales in Q1 2026 totaled 2,141 tonnes of V2O5 equivalent, up 3.6% from the 2,066 tonnes sold in Q1 2025.Ilmenite concentrate production in Q1 2026 increased 86.8% to 11,514 tonnes vs. 6,162 tonnes in Q1 2025. Sales of ilmenite concentrate in Q1 2026 increased 32.7% to 11,477 tonnes vs. 8,647 tonnes in Q1 2025.Further progress on plans to produce Copper, Platinum Group Metals (\"PGMs\"), Nickel and Cobalt as By-productsOn April 10, 2026, Largo filed a request before the Brazilian Mining Agency (\"ANM\") to produce and sell copper, platinum group metals, nickel and cobalt as by-products within its existing mining activities at the Maracás Menchen Mine and using its existing ore processing infrastructure.The latest assays received from flotation concentrate tests using part of Largo's ilmenite flotation plant continued to yield positive results. Concentrates analyzed externally at a certified laboratory yielded 16.6% copper, 13.4 grams per tonne (\"gpt\") gold, 22.5 gpt platinum, 22.4 gpt palladium, 69 gpt silver, 0.8% nickel, 0.8% cobalt, and 0.1 gpt rhodium. This new data is the average of the second period of four days of continuous industrial-scale testing using current mine feed from the Maracás Menchen mine. The results of the first four-day test period were reported in the April 1, 2026 Press Release.Update on Senior Leadership StructureMr. Luis Rendón now serves as sole Chief Operating Officer and Mr. Luânder Peixoto was promoted to serve as Group General Counsel.Toronto, Ontario--(Newsfile Corp. - April 14, 2026) - Largo Inc. (TSX: LGO) (NASDAQ: LGO) (\"Largo\" or the \"Company\"), the world's largest primary van...