Largo Resources Announces Share Consolidation and Application to List on the Nasdaq

Largo Resources Ltd. ("Largo" or the "Company") (TSX: LGO) (OTCQX: LGORF) announces that, the Company, following a determination of its Board of Directors in accordance with the parameters authorized by the Company's shareholders at the Special Meeting of Shareholders held on March 1, 2021 (the " Meeting "), has filed articles of amendment implementing a consolidation of the Company's issued and outstanding common shares (" Common Shares ") on the basis of one (1) post-consolidation Common Share for every ten (10) pre-consolidation Common Shares (the " Consolidation "). The Common Shares are expected to commence trading on the Toronto Stock Exchange (the " TSX ") on a post-consolidation basis at the open of trading on March 8, 2021.

The Company is also pleased to announce that it has submitted an initial application to list its Common Shares on the Nasdaq Stock Market (the " Nasdaq "), with the view of increasing access to U.S. capital markets and enhancing overall shareholder value.

Paulo Misk, President and Chief Executive Officer of Largo, stated : "We are very excited about the prospect of listing on the Nasdaq and the Company's share consolidation was a crucial step in achieving this. We believe a U.S. listing will benefit our business and shareholders as we seek to further execute on strategically developing our U.S.-based Largo Clean Energy division into an industry-leading, vertically integrated vanadium redox flow battery business."

Share Consolidation Details

In connection with the Consolidation, no fractional Common Shares will be issued, and no cash will be paid in lieu of fractional post-consolidation Common Shares. The number of post-consolidation Common Shares to be received by a shareholder will be rounded down to the nearest whole Common Share. The Company's outstanding options and warrants will also be adjusted on the same basis (1 for 10) as the Common Shares, with proportionate adjustments being made to exercise prices.

A letter of transmittal has been mailed to registered shareholders advising that: (i) the Consolidation has taken effect; and (ii) shareholders should surrender their existing share certificates (representing pre-consolidation Common Shares) for replacement share certificates (representing post-consolidation Common Shares). Until surrendered, each existing share certificate will be deemed, for all purposes, to represent the number of Common Shares to which the holder thereof is entitled as a result of the Consolidation. Copies of the letter of transmittal may be obtained from TSX Trust Company, the registrar and transfer agent of the Company, by mail, hand or courier at 100 Adelaide Street West, Suite 301, Toronto, ON M5H 4H1, Attn: Corporate Actions. Any questions should be directed to TSX Trust Company at +1-866-600-5869 (toll free) or +1-416-342-1091 or by e-mail to TMXEInvestorServices@tmx.com .

Non-registered shareholders of the Company holding their Common Shares through a bank, broker or other nominee should note that such banks, brokers or other nominees may have different procedures for processing the Consolidation than those that will be put in place by the Company for registered shareholders. If you hold your Common Shares with such a bank, broker or other nominee and if you have any questions in this regard, you are encouraged to contact your nominee.

When the Common Shares commence trading on a post-consolidation basis, the CUSIP and ISIN numbers of the Common Shares will change to 517103602 and CA5171036026 respectively, however, the Company's name and trading symbol will not change. Further details of the Consolidation are contained within the Company's Management Information Circular dated January 25, 2021 (the " Circular "), which is be available under Largo's profile at www.sedar.com . Readers should review the Circular for the specific terms and conditions of the Consolidation.

Nasdaq Application Details

The listing of the Common Shares on the Nasdaq remains subject to the review and approval of the listing application and the satisfaction of all applicable listing and regulatory requirements, including the filing of a registration statement with and declaration of effectiveness by the United States Securities Exchange Commission. The Company will continue to maintain the listing of its Common Shares on the TSX under the symbol "LGO".

About Largo Resources

Largo Resources is an industry preferred producer and supplier of high-quality vanadium. Largo can service multiple vanadium market applications through the supply of its unrivaled VPURE™ and VPURE+™ products, which are sourced 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 Largo Clean Energy and its world-class VCHARGE± vanadium redox flow battery technology. The Company's common shares are listed on the Toronto Stock Exchange 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 .

Forward-looking Information:

This press release contains forward-looking information under Canadian securities legislation ("forward-looking statements"). Forward‐looking information in this press release includes, but is not limited to, statements with respect to the timing of the trading of the post-Consolidation Common Shares; and the listing of the Common Shares on the Nasdaq.. Forward‐looking information in this press release also includes, but is not limited to, statements with respect to our ability to build, finance and operate a VRFB business.. Forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". All information contained in this news release, other than statements of current and historical fact, is forward looking information. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Largo or Largo Clean Energy to be materially different from those expressed or implied by such forward-looking statements, including but not limited to the receipt of applicable approvals, and those risks described in the annual information form of Largo and in its public documents filed on SEDAR from time to time. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Although management of Largo has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Largo does not undertake to update any forward-looking statements, except in accordance with applicable securities laws. Readers should also review the risks and uncertainties sections of Largo's annual and interim MD&As which also apply.

Investor Relations:  
Alex Guthrie
Senior Manager, External Relations
aguthrie@largoresources.com
Tel: +1 416‐861‐9797

Media Enquiries:  
Crystal Quast
Bullseye Corporate
Quast@bullseyecorporate.com
Tel: +1 647-529-6364

News Provided by Business Wire via QuoteMedia

The Conversation (0)
Vanadiumcorp Announces Grant Of Stock Options

Vanadiumcorp Announces Grant Of Stock Options

VanadiumCorp Resource Inc. (TSX-V: VRB) (FSE: NWNA) (OTC: VRBFF) ("VanadiumCorp" or the "Company") Vancouver, British Columbia – June 12, 2025 – VanadiumCorp Resource Inc. (TSX-V: VRB) (FSE: NWNA) (OTCBB: APAFF) (the "Company”) announces that it has granted, pursuant to its 10% rolling Stock Option Plan, stock options to certain eligible directors, officers and consultants of the Company or its subsidiaries to purchase a total of 1,076,714 common shares in the capital of the Company, subject to any regulatory approval. The stock options are exercisable for a period of five years at an exercise price of $0.12 per share and vest as to 50% immediately and 50% in one year.

Keep reading...Show less
Vanadium periodic symbol surrounded by symbols for other elements.

Top 4 Vanadium-producing Countries

In 2025, the vanadium market is navigating a complex landscape shaped by its traditional role in steelmaking and its emerging importance in energy storage technologies.

Approximately 90 percent of vanadium consumption continues to be driven by the steel industry, where it is used to strengthen alloys. However, the growing adoption of vanadium redox flow batteries (VRFBs) for grid-scale energy storage is creating new avenues for demand, particularly as countries pursue decarbonization goals and renewable energy integration.

On the supply side, vanadium sees relatively limited primary production from ore and instead relies on co-production from steel slag and uranium mining, with a portion also coming from recycling.

Keep reading...Show less
QEM Limited

QEM Appoints New CEO as It Secures $2.05M in Strongly Supported Placement

Critical minerals and energy company QEM Limited (ASX: QEM) is pleased to announce that it has received firm commitments to raise A$2.05 million (before costs) via a Placement to institutional and sophisticated investors.

Keep reading...Show less
Australia flag with "growth" and "economy" puzzle pieces on it.

Australian Vanadium Asset Gets Green Energy Major Project Status

Australian Vanadium (ASX:AVL,OTC Pink:ATVVF) announced its asset has been selected as a lead agency advice and support project under the Western Australian government’s new Lead Agency Framework.

In a January 29 release, the company said the framework falls under the government’s Green Energy Major Projects group, established in December 2024 as “the first point of contact for green energy projects in Western Australia.”

State government agencies will work together under the projects group to streamline approvals, developing clear assessment pathways and providing support for project proponents and investors.

Keep reading...Show less
Chalkboard with graph showing price, supply, demand and quantity.

Vanadium Market Forecast: Top Trends for Vanadium in 2025

The vanadium market is set to shift in 2025, driven by demand from the energy storage and steel sectors.

Energy storage systems that utilize vanadium redox flow batteries (VRFBs) are gaining traction as renewable energy deployment accelerates, boosting demand for high-purity vanadium. However, global supply remains constrained due to limited mining projects and geopolitical uncertainties, particularly in China and Russia, key producers.

Environmental regulations and advances in recycling technology may also influence supply dynamics, and market observers are watching potential price volatility tied to steel demand, the largest end use of vanadium globally.

Keep reading...Show less
Vanadium periodic symbol.

Australian Vanadium's Gabanintha Project Receives Environmental Approval

Australian Vanadium (ASX:AVL,OTC Pink:ATVVF) announced on Monday (January 13) that its Gabanintha vanadium project has received environmental approval from the Western Australian government.

The company said that Reece Whitby, the state's environment minister, has approved the implementation of Gabanintha under section 45 of the Environmental Protection Act 1986 (WA).

“This approval marks a major milestone for the Company, advancing the project towards construction and production while strengthening our confidence in securing the remaining approvals needed to move forward with the consolidated Australian Vanadium Project,” said Australian Vanadium CEO Graham Arvidson in a release.

Keep reading...Show less

Latest Press Releases

Related News

×