An anonymous director reports

LARGO ANNOUNCES RESULTS OF ITS ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

Largo Inc. has released the voting results from its annual and special meeting of shareholders held on Monday, June 26, 2023.

A total of 44,946,497 common shares of the company were voted at the meeting, representing 70.19 per cent of the company's issued and outstanding common shares. Shareholders voted to approve all matters brought before the meeting, including the election of all director nominees, the appointment of KPMG LLP as the company's auditor for the ensuing year and approval of the company's amended share compensation plan.

Largo's board of directors wishes to thank shareholders for their continued support. Detailed results of the votes on the election of directors are provided in an attached table.

For further detailed voting results on the meeting, please refer to the company's report of voting results filed on SEDAR.

About Largo Inc.

Largo has a long and successful history as one of the world's preferred vanadium companies through the supply of its VPure and VPure+ products, which are sourced from one of the world's highest-grade vanadium deposits at the company's Maracas Menchen mine in Brazil. Aiming to enhance value creation at Largo, the company is in the process of implementing a titanium dioxide pigment plant using feedstock sourced from its existing operations, in addition to advancing its United States-based clean-energy division with its VCharge vanadium batteries. Largo's VCharge vanadium batteries contain a variety of innovations, enabling an efficient, safe and ESG-aligned (environmental, social and governance) long-duration solution that is fully recyclable at the end of its greater-than-25-year lifespan. Producing some of the world's highest-quality vanadium, Largo's strategic business plan is based on two pillars: (i) leading vanadium supplier with an outlined growth plan; and (ii) U.S.-based energy storage business to support a low-carbon future.