Mr. Francesco D'Alessio reports

STORION ENERGY ANNOUNCED AS NEW SAFEKEEPER OF ITS HELD VANADIUM UNITS; ANTICIPATES INCREASED DEMAND FOR LEASED VANADIUM ELECTROLYTE

Following the closing of the transaction between Largo Inc.'s subsidiary, Largo Clean Energy Corp., and affiliates of Stryten Energy LLC, the newly created Storion Energy will assume the role of safekeeper for Largo Physical Vanadium Corp.'s held vanadium units previously managed by LCE. Storion's assumption of the safekeeper role for Largo Physical's held vanadium units aligns with the company's strategy to expand its presence in the rapidly growing long-duration energy storage market through its unique offering of leased vanadium required for cost-efficient deployment of vanadium flow batteries.

Storion Energy, a joint venture between LCE and Stryten, aims to create a vertically integrated domestic supply chain for vanadium flow battery solutions. The partnership is expected to leverage access to Largo Physical's owned vanadium, Largo's high-quality vanadium supply, Stryten's advanced battery manufacturing expertise and Storion's innovative approach to cost-efficient electrolyte production. The creation of Storion is expected to streamline access to vanadium electrolyte, reduce costs and address critical energy storage needs for vanadium flow battery companies in North America.

"LPV is excited to collaborate with Storion Energy in its role as the new safekeeper of LPV's held vanadium units," said Francesco D'Alessio, chief executive officer of Largo Physical. "Storion is expected to drive revenue for LPV by leasing LPV's vanadium through the adoption of vanadium flow battery solutions in the U.S. and driving greater demand for LPV's leased vanadium units. The establishment of Storion also supports LPV's vision to accelerate the deployment of vanadium-based LDES solutions in commercial and industrial applications. By leveraging the unique leasing model pioneered by LPV, which provides the ability to reduce the upfront costs for vanadium flow battery adoption, Storion is expected to play a pivotal role in advancing renewable energy integration and enhancing grid stability through assisting in the deployment of vanadium flow batteries going forward."

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.

About Largo Physical Vanadium Corp.

Largo Physical aims to provide a secure, convenient and exchange-traded investment alternative for investors interested in having direct exposure to physical vanadium, which is essential to achieve a greener world in key industries such as steel, aerospace and energy storage. Vanadium is non-degrading and fully recyclable when used as electrolyte in vanadium flow batteries and offers carbon reducing attributes when used in steel alloying applications. Largo Physical's strategy is not only to achieve appreciation through the acquisition of vanadium, but to own and actively supply vanadium to end-users of vanadium flow batteries to advance to integration of renewable energy in long-duration storage. This strategy is integral to Largo Physical's business plan as it necessarily defrays the costs associated with using vanadium in vanadium flow batteries through the unique non-degradation characteristics of the metal.

Largo Physical's common shares trade on the TSX Venture Exchange under the symbol VAND.

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