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Largo Reports First Quarter 2022 Financial Results and Provides Adjusted 2022 Guidance; Announces Intention to Commence Normal Course Issuer Bid

All dollar amounts expressed are in thousands of U.S. dollars unless otherwise indicated.

Q1 2022 Highlights

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Largo to Release First Quarter 2022 Financial Results on May 11, 2022

  • Shareholder webcast and conference call with Paulo Misk, President and CEO, Ernest Cleave, CFO, Paul Vollant, VP of Commercial and Stephen Prince, President of Largo Clean Energy will be conducted at 10:00 a.m. ET on Thursday, May 12, 2022

Largo Inc. (" Largo " or the " Company ") ( TSX: LGO ) ( NASDAQ: LGO ) will release its first quarter 2022 financial results on Wednesday, May 11 after the close of market trading. Additionally, the Company will host a webcast and conference call to discuss its first quarter 2022 operating and financial results on Thursday, May 12 at 10:00 a.m. ET.

Details of the webcast and conference call are listed below:

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Largo Provides Update on Proposed Qualifying Transaction for New Physical Vanadium Holding Company, Largo Physical Vanadium Corp.

All amounts expressed are in Canadian dollars, denominated by "C$".

Largo Inc. ("Largo" or the "Company") (TSX: LGO) (NASDAQ: LGO) is pleased to provide an update on Largo Physical Vanadium Corp. (" LPV ") and the proposed qualifying transaction (" Qualifying Transaction ") with Column Capital Corp. (the " CPC ") that was announced in the Company's press release dated February 3, 2022. LPV and CPC have entered into a definitive agreement (" Definitive Agreement ") dated April 14, 2022, which sets out the terms and conditions of a three-cornered amalgamation that will result in CPC acquiring all of the issued and outstanding securities of LPV in exchange for securities of CPC and will result in a reverse-takeover of CPC by LPV to form a combined entity (the " Resulting Issuer "), expected to be named "Largo Physical Vanadium Corp.". For full details on the Definitive Agreement, please refer to CPC's press release dated April 14, 2022. Upon completion of the Qualifying Transaction, it is expected that the Resulting Issuer will be a publicly listed physical vanadium holding company that will purchase and hold physical vanadium, providing investors with ownership and exposure to vanadium.

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