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

Rhea-AI Summary

Largo Resources Ltd. (TSX:LGO, NASDAQ:LGO) held its Annual and Special Meeting of Shareholders on June 17, 2021, with 42,977,591 common shares voted, representing 66.6% of outstanding shares. Shareholders approved all proposals, including the election of directors and the re-appointment of PricewaterhouseCoopers LLP as auditors. Notably, the Company plans to change its name from Largo Resources Ltd. to Largo Inc. Detailed voting results highlight strong support for director nominees, with the majority receiving over 90% approval.

Positive

• 66.6% of outstanding shares voted at the meeting.
• All proposals approved, showing strong shareholder support.
• Change of name to Largo Inc. may enhance corporate branding.

Negative

• None.

Largo Resources Ltd. ("Largo" or the "Company") (TSX:LGO) (NASDAQ:LGO) announces voting results from its Annual and Special Meeting of Shareholders (the “Meeting”) held on Thursday, June 17, 2021.

A total of 42,977,591 common shares of the Company were voted at the Meeting, representing 66.6% 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 re-appointment of PricewaterhouseCoopers LLP, Chartered Accountants as auditors for the ensuing year and the approval to change the Company’s name from Largo Resources Ltd. to Largo Inc.

Detailed results of the votes on the election of directors are as follows:

Name of Director Nominee		Shares Voted For		%		Shares Withheld		%
Alberto Arias		37,481,020		90.39		3,985,287		9.61
David Brace		41,405,257		99.85		61,050		0.15
Jonathan Lee		40,810,370		98.42		655,937		1.58
Paulo Misk		41,025,222		98.94		441,085		1.06
Ian Robertson		40,690,854		98.13		775,453		1.87
Daniel Tellechea		40,501,056		97.67		965,251		2.33
Koko Yamamoto		39,832,918		96.06		1,633,389		3.94

For further detailed voting results on the Annual and Special Meeting of Shareholders, please refer to the Company’s Report of Voting Results filed on SEDAR at www.sedar.com and on www.sec.gov.

About Largo Resources

Largo Resources is an industry preferred, vertically integrated vanadium company. It services multiple vanadium market applications through the supply of its unrivaled VPURE™ and VPURE+™ products, from one of the world’s highest-grade vanadium deposits at the Company’s Maracás Menchen Mine located in Brazil. Largo is also focused on the advancement of renewable energy storage solutions through its world-class VCHARGE± vanadium redox flow battery technology. The Company's common shares are listed on the Toronto Stock Exchange and on the Nasdaq Stock Market under the symbol "LGO".

For more information on Largo and VPURE™, please visit www.largoresources.com and www.largoVPURE.com.

For additional information on Largo Clean Energy, please visit www.largocleanenergy.com.

Trademarks are owned by Largo Resources Ltd.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210617005906/en/

FAQ

What were the voting results for Largo Resources at the June 17, 2021 meeting?

Largo Resources had 66.6% of its outstanding shares voted at the meeting, approving all proposals presented.

What changes were approved at Largo Resources' Annual Meeting?

Shareholders approved the election of directors, the re-appointment of auditors, and the change of the Company’s name to Largo Inc.

What is the ticker symbol for Largo Resources?

Largo Resources is listed under the ticker symbol 'LGO' on both the TSX and NASDAQ.

Who are the auditors for Largo Resources for the upcoming year?

PricewaterhouseCoopers LLP was re-appointed as the auditors for Largo Resources for the ensuing year.

How many shares were voted at Largo Resources' Annual Meeting?

A total of 42,977,591 common shares were voted at the Annual and Special Meeting.