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

About this update from Platinum Group Metals Ltd.

All amounts expressed are in U.S. dollars, denoted by "$". Q1 2026 Highlights Further progress on plans to produce Copper, Platinum Group Metals ("PGMs"), Nickel and Cobalt as By-products Update on Senior Leadership Structure Toronto, Ontario--(Newsfile Corp. - April 14, 2026) - Largo Inc. (TSX: LGO) (NASDAQ: LGO) ("Largo" or the "Company"), the world's largest primary vanadium producer, today announces production of 2,616 tonnes of V2O5 equivalent from its Maracás Menchen Mine and sales of 2,141 tonnes of V2O5 equivalent in the first quarter of 2026. The Company also announced that on April 10, 2026, it filed a request before the ANM to produce and sell copper, PGMs, nickel and cobalt as by-products in its existing mining activities at the Maracás Menchen Mine. Largo also announced that Mr. Luis Rendón now serves as sole Chief Operating Officer and Mr. Luânder Peixoto was promoted to serve as Group General Counsel. Largo wishes to thank Mr. Gordon Babcock for his service as Co-Chief Operating Officer who assisted with implementing operational improvements at the Maracás Menchen Mine. Mr. Daniel Tellechea, Co-Chief Executive Officer of Largo, commented: "First quarter 2026 production was at the upper end of our guidance range, reflecting continued operating improvements at the Maracás Menchen Mine and the progress made under our operational turnaround initiatives. Improved open pit mine access, higher grade ore availability and more consistent ore processing and chemical plant performance resulted in doubling our vanadium pentoxide production volume in the first quarter versus last year and reinforces our confidence in the operational outlook for the remainder of 2026." Mr. Alberto Arias, Co-Chief Executive Officer of Largo, added: "The operating results of the first quarter of 2026 reflect a stronger operating base for Largo. We remain focused on translating that production performance into stronger sales, leveraging the recent positive commercial momentum in the vanadium market. Vanadium prices in the U.S. have increased materially year to date and, together with the reduction in U.S. tariff barriers on Brazilian products, have enhanced Largo's ability to actively supply both the high purity market, particularly the aerospace industry, as well as the U.S. ferrovanadium market, wher...

View stock analysis, news, and events for Platinum Group Metals Ltd.