Largo Iron Ore Calcine Transaction Update and Strengthening Ferrovanadium Markets

Largo Inc. provides an update on its iron ore calcine transaction, stating that the purchaser has failed to make the initial payment and will terminate the contract if payment is not received by February 20, 2026. The company believes it has ample cash on hand to offset this setback. Meanwhile, ferrovanadium prices have increased 30% in the US over the past month, driven by structural supply constraints and Largo's position as a reliable, Western-aligned primary producer.