Largo Signs Definitive Agreement for US$56 Million Sale of Iron Ore Calcine as Previously Announced
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, is pleased to announce that its Brazilian operating subsidiary has signed the definitive agreement for the sale of up to 4.5 million tonnes of iron ore calcine material stockpile previously announced on January 5, 2026.The agreement provides for a multi-year Ex Works (EXW) contract under Incoterms with total expected cash proceeds in excess of US$56 million. Under the terms of the agreement, the first payment of US$2.9 million is due by January 30, 2026, followed by a second payment of US$1.9 million due by February 16, 2026. Thereafter, monthly payments of US$1.9 million are expected to commence in April 2026, subject to the terms of the agreement.The Company anticipates that the transaction will improve the near-term cash flow and reduce long-term stockpile management costs and disposal requireme
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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
- Largo Receives US$56 Million Binding Term Sheet for the Sale of 4.5 Million Tons of Iron Ore CalcineBusiness Wire
- Vanadium Miners News For The Month Of November 2025 [Seeking Alpha]Seeking Alpha
LGO
Analyst Actions
- 1/14/26 - HC Wainwright
LGO
Sec Filings
- 1/20/26 - Form 6-K
- 1/16/26 - Form EFFECT
- 1/15/26 - Form 424B3
- LGO's page on the SEC website