Largo Announces Annual General Meeting Extension

Rhea-AI Summary

Largo has received approval from the TSX to extend its Annual General Meeting (AGM) to July 29, 2024, at 10:00 a.m. ET. The AGM will be held at Stikeman Elliott LLP in Toronto, Canada. The meeting will cover the audited financial statements for the year ending December 31, 2023, the appointment of KPMG LLP as auditors, and the election of directors for the ensuing year. Largo is utilizing electronic delivery methods for meeting materials, which will be available on SEDAR+, SEC.gov, and the company's website.

Positive

• TSX approval for AGM extension could provide more flexibility and time for preparation.
• Electronic delivery of materials may reduce costs and enhance accessibility for shareholders.
• Appointment of KPMG LLP, a reputed auditor, can assure shareholders about audit quality.

Negative

• Extension of AGM might signal possible internal delays or issues within the company.
• Potential shareholder dissatisfaction due to delay in the annual meeting.
• No specific updates on financial performance or growth projections were provided.

TORONTO--(BUSINESS WIRE)-- Largo Inc. ("Largo" or the "Company") (TSX: LGO) (NASDAQ: LGO) today announces that the Company has received approval from the Toronto Stock Exchange (“TSX”) to extend its Annual General Meeting of Shareholders (the "Meeting") to Monday, July 29, 2024, at 10:00 a.m. ET. The Meeting will be held at the offices of Stikeman Elliott LLP, 5300 Commerce Court West, 199 Bay Street, Toronto, Ontario, M5L 1B9, Canada. Without TSX approval, the Company’s annual meeting must be held by June 30 each year.

The Meeting is being held for the following purposes:

• To receive the audited consolidated financial statements of the Company for the year ended December 31, 2023, together with the report of the auditors;
• To appoint KPMG LLP as auditors of the Company for the ensuing year; and
• To elect the directors of the Company for the ensuing year.

The Company is using notice and access to deliver Meeting materials to its registered shareholders and beneficial owners. This allows the Company to post its 2024 Management Information Circular, audited consolidated financial statements for the year ended December 31, 2023 and other related materials online instead of mailing the documents. The Notice of Meeting, accompanying 2024 Management Information Circular and related Meeting materials will also be filed on the Company's profile on SEDAR+ at www.sedarplus.com, on www.sec.gov, as well as on the Company’s website at www.largoinc.com.

About Largo

Largo is a globally recognized vanadium company known for its high-quality VPURE^TM and VPURE+^TM products, sourced from its Maracás Menchen Mine in Brazil. The Company is currently focused on ramping up production of its ilmenite concentrate plant and is undertaking a strategic evaluation of its U.S.-based clean energy business, including its advanced VCHARGE vanadium battery technology to maximize the value of the organization. Largo's strategic business plan centers on maintaining its position as a leading vanadium supplier with a growth strategy to support a low-carbon future.

Largo’s common shares trade on the Nasdaq Stock Market and on the Toronto Stock Exchange under the symbol "LGO". For more information on the Company, please visit www.largoinc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240603722368/en/

For further information, please contact:

Investor Relations

Alex Guthrie

Senior Manager, External Relations

+1.416.861.9778

aguthrie@largoinc.com

Source: Largo Inc.

FAQ

When is the extended AGM for Largo scheduled?

The extended AGM for Largo is scheduled for Monday, July 29, 2024, at 10:00 a.m. ET.

Where will Largo's AGM be held?

Largo's AGM will be held at Stikeman Elliott LLP, 5300 Commerce Court West, 199 Bay Street, Toronto, Ontario, Canada.

What is the stock symbol for Largo?

The stock symbol for Largo is LGO on both TSX and NASDAQ.

Who will be appointed as auditors for Largo in 2024?

KPMG LLP will be appointed as auditors for Largo in 2024.

Where can shareholders access the meeting materials for Largo's AGM?

Shareholders can access the meeting materials on SEDAR+, SEC.gov, and Largo's website.