Largo And Its Subsidiary, LVMSA, Have Received An Executed Binding Term Sheet With The Banks Representing $84.2M Of Debt To Defer Principal Repayments To March 18, 2026 With An Automatic Rollover To September 18, 2026

Largo Inc. ("Largo" or the "Company") (TSX:LGO) (NASDAQ:LGO) announces an update with the five Brazilian lenders ("Banks") to Largo's subsidiary, Largo Vanádio de Maracás S.A ("LVMSA").

Update with Lenders

Largo and its subsidiary, LVMSA, have received an executed binding term sheet with the Banks representing $84.2 million of debt to defer principal repayments to March 18, 2026 with an automatic rollover to September 18, 2026, subject to Largo securing capital of at least C$30 million by November 17, 2025. Additionally, LVMSA will provide a negative pledge over its mining rights and equipment, pay all accrued interest with future interest payments made on a quarterly basis, repay $2 million of principal with proceeds, submit LVMSA's quarterly unaudited balance sheets to the Banks, renegotiate its debts with suppliers, and use 80% of the capital secured greater than C$30 million for principal repayment to the Banks.