Largo Inc. Form 6-K Filing

Largo Inc. has filed a Form 6-K report detailing a significant development: its subsidiary, Largo Resources USA Inc. (Largo USA), has received a firm-fixed-price delivery order worth US$60.1 million from the U.S. Defense Logistics Agency Strategic Materials (DLA). This order, which extends through January 2030, is the first under a previously awarded five-year indefinite delivery, indefinite quantity (IDIQ) contract. The contract, with a total maximum value of $125 million, is for the supply of high-purity vanadium pentoxide (V2O5) to support the U.S. National Defense Stockpile. The V2O5 supplied must meet stringent purity and quality specifications required for aerospace-grade titanium alloys, advanced defense manufacturing, and energy storage technologies. This award positions Largo as an approved supplier within the U.S. defense industrial base and critical materials ecosystem. The contract includes provisions for fixed-price delivery orders over a five-year period, with annual price escalations. While the contract establishes Largo USA as the contracting entity, it does not guarantee minimum order quantities, and actual order values may be less than the ceiling. The U.S. Government retains the right to terminate or modify the contract for convenience.