Mr. Alberto Arias reports

LARGO TSX DELISTING REVIEW RESOLVED

Further to the previous disclosure in October, 2025, Largo Inc. has been notified that the continued listing committee of the Toronto Stock Exchange has decided to lift its remedial delisting review of Largo.

As a result, Largo is no longer under delisting review, and its common shares will continue to trade on the TSX under the symbol LGO.

Alberto Arias, executive chairman and co-chief executive officer of Largo, stated: "The TSX's decision represents another important milestone for Largo and reflects the improved near-term outlook after the recently announced binding term sheet for the restructuring of our commercial bank debt (on our press release of Aug. 20, 2026)."

About Largo Inc.

Largo is the world's largest primary vanadium producer and a globally recognized supplier of high-quality vanadium products, sourced from its world-class Maracas Menchen mine in Brazil. As the world's largest primary vanadium producer, Largo produces critical materials that empower global industries, including steel, aerospace, defence, chemical and energy storage sectors. The company is committed to operational excellence and sustainability, leveraging its vertical integration to ensure reliable supply and quality for its customers.

Largo is also strategically invested in the clean energy storage sector through its 37.4-per-cent ownership of Storion Energy, a joint venture with Stryten Energy focused on scalable domestic electrolyte production for utility-scale vanadium flow battery long-duration energy storage solutions in the United States.

The company also holds a 100-per-cent interest in the Northern Dancer tungsten-molybdenum property located in Yukon territory, Canada, and a 100-per-cent interest in the Currais Novos tungsten tailings project near Natal, Brazil. Preliminary economic assessments were completed for each asset in 2011.

Largo's common shares trade on the Nasdaq Stock Market and on the Toronto Stock Exchange under the symbol LGO.

We seek Safe Harbor.