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Largo (LGO) investor relations material
Largo Registration Filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Company overview and business model
Globally recognized supplier of high-quality vanadium and ilmenite products, sourced from the Maracás Menchen Mine in Brazil, with vertical integration and a focus on operational excellence and sustainability.
Principal operating asset is the Maracás Menchen Mine, with a 31-year mine life and significant reserves of vanadium and titanium; also holds non-operational secondary projects in Brazil and Canada.
Strategic investment in energy storage through a 50% stake in Storion Energy, targeting the U.S. utility-scale vanadium flow battery market.
Responsible for global sales and marketing of vanadium products, with a commercial team operating in multiple regions.
Financial performance and metrics
Reported net loss of $50.6 million for 2024 and $51.6 million for the nine months ended September 30, 2025, with a working capital deficit of $78.9 million as of September 30, 2025.
Positive cash provided by operating activities before working capital items in Q3 2025, but overall liquidity remains a concern.
Vanadium prices declined by 9.7% from December 2023 to December 2025, impacting cash flows.
Use of proceeds and capital allocation
Will not receive proceeds from the resale of shares by the selling shareholder; proceeds from any exercise of Backstop Warrants will be used for working capital and general corporate purposes.
Management has broad discretion over the use of proceeds from warrant exercises.
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