Mr. Daniel Tellechea reports

LARGO APPOINTS CO-COOS TO STRENGTHEN ITS OPERATIONAL LEADERSHIP

As part of Largo Inc.'s continuing efforts to enhance operational performance and strengthen its production strategy. Largo has promoted and appointed Gordon Babcock and Luis Rendon as co-chief operating officers (COO). Both executives, who recently joined the Largo operations team in other capacities, bring extensive mining sector leadership and operational expertise to Largo and will carry on with implementing operational improvements at the Maracas Menchen mine. These promotions and appointments follow the resignation of former COO Celio Pereira for personal reasons.

Daniel Tellechea, interim chief executive officer of Largo, stated: "To ensure a smooth transition and maintain our focus on strengthening operational improvements in Brazil, we have appointed Gordon Babcock and Luis Rendon as co-chief operating officers. Both have been actively engaged in our efficiency initiatives and bring deep expertise in mine management, engineering and production optimization. Their leadership will be instrumental in advancing our operational realignment as part of our broader turnaround strategy. These leadership changes are intended to support our focus on enhancing efficiency, improving cost control and optimizing production at the Maracas Menchen mine. We also extend our gratitude to Celio for his contributions and wish him the best in his future endeavours."

The co-COO structure is intended to enhance oversight of the company's operations, with each executive assuming responsibility for distinct operational areas to improve efficiencies.

Mr. Babcock is a mining professional with over 40 years of experience in mine operations, engineering and project development. He has held senior leadership roles at multiple mining companies, including serving as COO at Sierra Metals and Jaguar Mining, where he played a key role in driving operational efficiency and production stability. At Nyrstar, he served as vice-president and general manager, overseeing complex underground and open-pit mining operations. Mr. Babcock has also worked as an independent consultant, advising mining companies on mine planning, operational optimization and cost reduction strategies. Mr. Babcock holds a bachelor of science in mining engineering from Queen's University and is a registered professional engineer.

Luis Rendon is a metallurgical engineer with over 40 years of experience in mineral processing, plant operations and cost optimization. He has held senior leadership roles at Sierra Metals, Compania Minera Kolpa and Pan American Silver, where he managed plant expansions, implemented advanced metallurgical techniques, and optimized production processes to improve efficiency and cost control. At Largo, he has been instrumental in enhancing process performance and supporting operational realignment efforts at the Maracas Menchen mine. Mr. Rendon has also worked as an independent consultant, advising mining operations on production planning and metallurgical enhancements. Mr. Rendon holds a degree in metallurgical engineering from Universidad Nacional de San Agustin (UNSA) in Arequipa, Peru.

About Largo Inc.

Largo is a globally recognized supplier of high-quality vanadium and ilmenite products, sourced from its world-class Maracas Menchen mine in Brazil. As one of the world's largest primary vanadium producers, 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 50-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.

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

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