Business
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 "$".Q1 2026 HighlightsVanadium pentoxide ("V2O5") production in Q1 2026 increased 101.7% to 2,616 tonnes vs. 1,297 tonnes in Q1 2025.Total ore mined in Q1 2026 increased 90.8% to 852,046 tonnes vs. 446,614 tonnes mined in Q1 2025. The effective ore grade1 was 0.48% V2O5 in Q1 2026 vs. 0.41% in Q1 2025.Global recovery2 in Q1 2026 was 76.3% compared to 77.8% in Q1 2025.Sales in Q1 2026 totaled 2,141 tonnes of V2O5 equivalent, up 3.6% from the..
About this update from Platinum Group Metals Ltd.
[{"type":"text","content":"All amounts expressed are in U.S. dollars, denoted by "$".","length":68,"tagName":"p"},{"type":"text","content":"Q1 2026 Highlights","length":18,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Vanadium pentoxide ("V2O5") production in Q1 2026 increased 101.7% to 2,616 tonnes vs. 1,297 tonnes in Q1 2025.","length":121,"tagName":"p"}]},{"val":[{"type":"text","content":"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.","length":170,"tagName":"p"}]},{"val":[{"type":"text","content":"Global recovery2 in Q1 2026 was 76.3% compared to 77.8% in Q1 2025.","length":67,"tagName":"p"}]},{"val":[{"type":"text","content":"Sales in Q1 2026 totaled 2,141 tonnes of V2O5 equivalent, up 3.6% from the 2,066 tonnes sold in Q1 2025.","length":104,"tagName":"p"}]},{"val":[{"type":"text","content":"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.","length":207,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":669,"olType":false},{"type":"text","content":"Further progress on plans to produce Copper, Platinum Group Metals ("PGMs"), Nickel and Cobalt as By-products","length":119,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"On 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.","length":297,"tagName":"p"}]},{"val":[{"type":"text","content":"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...