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Largo Awarded a Five-Year U.S. Department of Defense Contract to Supply High-Purity Vanadium Pentoxide with Fixed-Price Delivery Orders to Support the U.S. National Defense Stockpile
All amounts expressed are in U.S. dollars, denoted by "$". Highlights: Five-year contract to supply up to 2,876 metric tonnes of high-purity vanadium
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All amounts expressed are in U.S. dollars, denoted by "$". Highlights: Five-year contract to supply up to 2,876 metric tonnes of high-purity vanadium pentoxide in total with flexible delivery schedules subject to terms and conditions of the award, up to a maximum amount of US$125 million. Fixed-Price per pound V₂O₅ at a premium above current benchmark V₂O₅ price indexes in 2026 and escalating 10% each year after that. A lengthy review and vetting process established Largo as a trusted supplier within the U.S. defense industrial base and critical materials ecosystem, positioning the Company as part of the supply chain for the U.S. Government and the Department of Defense. Contract provides a framework for the supply of high-purity vanadium pentoxide for the U.S. defense logistics agency, contributing to U.S. national security and industrial resilience. Toronto, Ontario--(Newsfile Corp. - June 30, 2026) - Largo Inc. (TSX: LGO) (NASDAQ: LGO) ("Largo" or the "Company"), the world's largest primary vanadium producer announced today that its subsidiary, Largo Resources USA Inc. ("Largo USA") has been awarded an Indefinite Delivery, Indefinite Quantity ("IDIQ") contract by the U.S. Defense Logistics Agency Strategic Materials ("DLA") for the supply of up to 2,876 metric tonnes of high-purity vanadium pentoxide ("V₂O₅") in support of the U.S. National Defense Stockpile. The award is part of the Department of Defense's efforts to strengthen critical mineral supply chains and ensure long-term access to strategic materials essential for defense readiness and industrial mobilization. The award establishes Largo as an approved supplier to the DLA and underscores the Company's role as a reliable, Western-aligned producer of high-purity vanadium products. Largo's vanadium is produced at its Maracas Menchen Mine and chemical complex in State of Bahia, Brazil, one of the world's highest-grade vanadium operations and a long-standing source of premium vanadium products for global customers. "This award represents a major milestone for Largo and validates the strategic importance of our vanadium supply platform after a lengthy review process of vetting and discussions with the U.S. Department of Defense," said Mr. Alberto Arias, Executive Chairman and Co-CEO of Largo. "We are proud to become part of the supply chain to the United States Government for high-purity v...