Largo Announces Results of Its Annual General and Special Meeting of Shareholders

Rhea-AI Summary

Largo (TSX/NASDAQ:LGO) reported results from its Annual General and Special Meeting of Shareholders held on June 16, 2026. Shareholders voted 54,492,193 common shares, representing 53.99% of issued and outstanding shares, and approved all matters, including director elections, auditor appointment and an amended share compensation plan.

Director support ranged from 83.171% to 99.303% of votes cast.

News Market Reaction – LGO

-3.82%

3 alerts

-3.82% Session close to close

-11.9% Trough Tracked

$81.37M Market Cap

1.2x Rel. Volume

In the Jun 17 session, LGO declined 3.82%, reflecting a moderate negative market reaction. Argus tracked a trough of -11.9% from its starting point during tracking. Our momentum scanner triggered 3 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement confirms that Largo’s Annual General and Special Meeting on June 16, 2026 approved...

Analysis

This announcement confirms that Largo’s Annual General and Special Meeting on June 16, 2026 approved all proposals, including director elections, auditor re‑appointment and an amended share compensation plan, with 54,492,193 shares voted, representing 53.99% of outstanding stock. In light of recent filings noting financial stress and an effective F-3 for warrant share resales with potential proceeds of $18,927,511, investors may monitor how board and compensation structures support financing, dilution management and ongoing strategic execution.

Key Figures

Shares voted: 54,492,193 shares Participation rate: 53.99% Arias votes for: 35,288,944 shares (83.171%) +5 more

8 metrics

Shares voted 54,492,193 shares Total common shares voted at June 16, 2026 Meeting

Participation rate 53.99% Percent of issued and outstanding shares represented at Meeting

Arias votes for 35,288,944 shares (83.171%) Votes for director nominee Alberto Arias

Arias votes withheld 7,140,296 shares (16.829%) Votes withheld for director nominee Alberto Arias

Checa support 42,133,662 shares (99.303%) Votes for director nominee Alonso Checa

Brace support 41,639,822 shares (98.139%) Votes for director nominee David Brace

Weinberg support 41,809,985 shares (98.541%) Votes for director nominee Andrea Weinberg

Meeting date June 16, 2026 Date of Annual General and Special Meeting

Historical Context

5 past events · Latest: May 27 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 27	Asset review announcement	Positive	-1.3%	Company began formal strategic review for Canadian and Brazilian tungsten assets.
May 14	Q1 2026 earnings	Negative	-9.4%	Higher production but continued losses and tariff impact on revenues and margins.
Apr 14	Operations and by‑product filing	Positive	-1.6%	Strong Q1 production and ANM filing to add copper and other by‑products.
Apr 01	FY 2025 results	Neutral	+12.5%	Full-year 2025 results with tariff‑hit sales but improving operating momentum.
Feb 23	Iron ore deal terminated	Negative	+1.4%	Termination of iron ore calcine sale agreement and update on vanadium markets.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent news, including operational and strategic updates, often saw muted or negative next-day moves even on seemingly constructive developments.

Recent Company History

Over the last few months, Largo has reported operational recovery at Maracás Menchen and detailed tariff impacts, alongside strategic and financing steps. A Q4 2025 update on tariffs and production on Apr 1, 2026 coincided with a 12.5% gain, while Q1 2026 earnings on May 14, 2026 saw a -9.38% move despite stronger output. Strategic review of tungsten assets on May 27, 2026 and production updates in April drew small negative reactions. Today’s AGM voting outcomes continue this governance thread after the prior 6-K announcing the meeting.

Key Terms

share compensation plan

1 terms

share compensation plan financial

"and the approval of the Company's amended and restated share compensation plan."

A share compensation plan is a program through which a company pays employees, directors or contractors with company stock or the right to buy stock instead of, or in addition to, cash. It matters to investors because it can align workers’ incentives with company performance—like giving bakers a slice of the bakery so they try to boost sales—but it also increases the total number of shares and can reduce the ownership and earnings attributed to each existing share.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Toronto, Ontario--(Newsfile Corp. - June 17, 2026) - Largo Inc. (TSX: LGO) (NASDAQ: LGO) ("Largo" or the "Company"), announces voting results from its Annual General and Special Meeting of Shareholders (the "Meeting") held on Tuesday, June 16, 2026.

A total of 54,492,193 common shares of the Company were voted at the Meeting, representing 53.99% 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 auditors for the ensuing year, and the approval of the Company's amended and restated share compensation plan.

Largo's Board of Directors wishes to thank its shareholders for their continued support. Detailed results of the votes on the election of directors are as follows:

Name of Director Nominee	Shares Voted For	%	Shares Withheld	%
Alberto Arias	35,288,944	83.171%	7,140,296	16.829%
David Brace	41,639,822	98.139%	789,418	1.861%
Alonso Checa	42,133,662	99.303%	295,578	0.697%
Daniel Tellechea	36,148,946	85.198%	6,280,294	14.802%
Andrea Weinberg	41,809,985	98.541%	619,254	1.459%

 

For further detailed voting results on the Meeting, please refer to the Company's Report of Voting Results filed on SEDAR+ at www.sedarplus.ca and on www.sec.gov.

About Largo

Largo is the world's largest primary vanadium producer and a globally recognized supplier of high-quality vanadium products, sourced from its world-class Maracás 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, defense, 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% 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 U.S.

The Company also holds a 100% interest in the Northern Dancer Tungsten-Molybdenum property located in the Yukon Territory, Canada, and 100% interest in the Currais Novos Tungsten 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". For more information on the Company, please visit www.largoinc.com.

###

For further information, please contact:

Investor Relations
Vera Abdo
Investor Relations Consultant
+1.640.223.6956
largoir@mzgroup.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301856

FAQ

What were the key outcomes of Largo (LGO) 2026 annual general and special meeting?

Shareholders approved all items at Largo’s 2026 meeting, including director elections, auditor appointment and the amended share compensation plan. According to Largo, 54,492,193 shares were voted, representing 53.99% of issued and outstanding common shares.

How many Largo (LGO) shares were voted at the June 16, 2026 shareholder meeting?

A total of 54,492,193 Largo common shares were voted at the meeting. According to Largo, this represents 53.99% of the company’s issued and outstanding common shares, indicating just over half of eligible shares participated.

Were all Largo (LGO) director nominees elected at the 2026 shareholder meeting?

Yes, all Largo director nominees were elected at the 2026 meeting. According to Largo, support ranged from 83.171% for Alberto Arias to 99.303% for Alonso Checa, with each nominee receiving a majority of votes cast in favor.

What was the shareholder support for Largo (LGO) director nominee Alonso Checa in 2026?

Alonso Checa received 42,133,662 votes for, equal to 99.303% support. According to Largo, 295,578 votes, or 0.697%, were withheld, giving Checa the highest approval percentage among the listed director nominees.

Which auditor did Largo (LGO) shareholders appoint for the ensuing year at the 2026 meeting?

Largo shareholders approved the appointment of KPMG LLP as auditor for the ensuing year. According to Largo, this auditor appointment was part of the matters brought before the June 16, 2026 annual general and special meeting and received shareholder approval.