Largo Agrees to Sell Iron Ore Calcine Stockpile for Over $56 Million.

Largo Inc. signed a definitive agreement to sell up to 4.5 million tonnes of iron ore calcine material for a multi-year contract with expected cash proceeds of over $56 million. The first payment of $2.9 million is due by January 30, 2026, followed by a second payment of $1.9 million due by February 16, 2026. Monthly payments of $1.9 million are expected to commence in April 2026. The transaction aims to improve the company's near-term cash flow and reduce long-term stockpile management costs.