Largo Receives US$56 Million Binding Term Sheet for the Sale of 4.5 Million Tons of Iron Ore Calcine
Largo Inc. - Common Shares (LGO)
Company Research
Source: Business Wire
All dollar amounts expressed are in U.S. dollars. TORONTO--(BUSINESS WIRE)--Largo Inc. ("Largo" or the "Company") (TSX: LGO) (NASDAQ: LGO), the world’s largest primary vanadium producer, today announced that its Brazilian operating subsidiary has received a binding term sheet related to the potential monetization of 4.5 million of iron ore calcine material that was produced as a byproduct and accumulated in a stockpile over the past 11 years of Largo’s vanadium production at the Company’s Maracás Menchen mine in Maracás, Bahia, Brazil.The binding term sheet provides for a multi-year Ex Works (EXW) contract for potential cash proceeds in excess of US$56 million, subject to final documentation, amendments to certain commercial terms, and customary conditions. The Company views this term sheet as an opportunity to unlock value from accumulated materials, reduce future infrastructure requirements for stockpiles and reduce disposal costs while maintaining focus on its primary vanadium b
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LGO
News
- Largo (NYSE:LGO) had its "buy" rating reaffirmed by analysts at HC Wainwright.MarketBeat
- Largo Announces Copper Mineralization Studies Across its Maracás Menchen Vanadium Deposits; Extends US$6 Million Secured LoanBusiness Wire
- Largo Announces US$60 Million At-The-Market Equity Offering ProgramBusiness Wire
- Vanadium Miners News For The Month Of November 2025 [Seeking Alpha]Seeking Alpha
- Largo Announces Leadership Transition: J. Alberto Arias and Daniel Tellechea to Become Co-CEOs and Diogo Silva Promoted to Become CFO [Yahoo! Finance]Yahoo! Finance
LGO
Analyst Actions
- 1/14/26 - HC Wainwright
LGO
Sec Filings
- 1/16/26 - Form EFFECT
- 1/15/26 - Form 424B3
- 1/15/26 - Form 6-K
- LGO's page on the SEC website