\nLargo Inc. (“Largo<\/b>” or the “Company<\/b>“) (TSX: LGO<\/b>) (NASDAQ: LGO<\/b>) today announces a leadership transition as part of its ongoing efforts to enhance operational performance and strengthen its production strategy. Largo has promoted and appointed Mr. Gordon Babcock and Mr. Luis Rend\u00f3n as Co-Chief Operating Officers (\u201cCOO<\/b>\u201d). Both executives, who recently joined the Largo operations team in other capacities, bring extensive mining sector leadership and operational expertise to Largo and will carry on with implementing operational improvements at the Marac\u00e1s Menchen Mine. These promotions and appointments follow the resignation of former COO, Celio Pereira for personal reasons.\n<\/p>\n
\nDaniel Tellechea, Interim CEO of Largo, stated: \u201cTo ensure a smooth transition and maintain our focus on strengthening operational improvements in Brazil, we have appointed Gordon Babcock and Luis Rend\u00f3n as Co-Chief Operating Officers. Both have been actively engaged in our efficiency initiatives and bring deep expertise in mine management, engineering, and production optimization. Their leadership will be instrumental in advancing our operational realignment as part of our broader turnaround strategy. These leadership changes are intended to support our focus on enhancing efficiency, improving cost control, and optimizing production at the Marac\u00e1s Menchen Mine. We also extend our gratitude to Celio for his contributions and wish him the best in his future endeavors.\u201d<\/i><\/p>\n
\nThe Co-COO structure is intended to enhance oversight of the Company\u2019s operations, with each executive assuming responsibility for distinct operational areas to improve efficiencies.\n<\/p>\n
\nGordon Babcock is a mining professional with over 40 years of experience in mine operations, engineering, and project development. He has held senior leadership roles at multiple mining companies, including serving as COO at Sierra Metals and Jaguar Mining, where he played a key role in driving operational efficiency and production stability. At Nyrstar, he served as Vice President and General Manager, overseeing complex underground and open-pit mining operations. Gordon has also worked as an independent consultant, advising mining companies on mine planning, operational optimization, and cost reduction strategies. Gordon holds a Bachelor of Science in Mining Engineering from Queen\u2019s University and is a registered Professional Engineer.\n<\/p>\n
\nLuis Rend\u00f3n is a metallurgical engineer with over 40 years of experience in mineral processing, plant operations, and cost optimization. He has held senior leadership roles at Sierra Metals, Compa\u00f1\u00eda Minera Kolpa, and Pan American Silver, where he managed plant expansions, implemented advanced metallurgical techniques, and optimized production processes to improve efficiency and cost control. At Largo, he has been instrumental in enhancing process performance and supporting operational realignment efforts at the Marac\u00e1s Menchen Mine. Luis has also worked as an independent consultant, advising mining operations on production planning and metallurgical enhancements. Luis holds a degree in Metallurgical Engineering from Universidad Nacional de San Agust\u00edn (UNSA) in Arequipa, Peru.\n<\/p>\n
About Largo<\/b><\/p>\n
\nLargo is a globally recognized supplier of high-quality vanadium and ilmenite products, sourced from its world-class Marac\u00e1s Menchen Mine in Brazil. As one of the world\u2019s 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.\n<\/p>\n
\nLargo is also strategically invested in the long-duration energy storage sector through its 50% 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.\n<\/p>\n
\nLargo\u2019s 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<\/a>.\n<\/p>\n Cautionary Statement Regarding Forward-looking Information:<\/i><\/b><\/p>\n This press release contains \u201cforward-looking information\u201d and \u201cforward-looking statements\u201d within the meaning of applicable Canadian and United States securities legislation. Forward\u2010looking information in this press release includes, but is not limited to, statements with respect to the timing and amount of estimated future production and sales; the future price of commodities; costs of future activities and operations, including, without limitation, the effect of inflation and exchange rates; the effect of unforeseen equipment maintenance or repairs on production; timing of ilmenite production; the ability to produce high purity V2O5 and V2O3 according to customer specifications; the extent of capital and operating expenditures; the ability of the Company to make improvements on its current short-term mine plan; and the impact of global delays and related price increases on the Company\u2019s global supply chain and future sales of vanadium products.<\/i><\/p>\n The following are some of the assumptions upon which forward-looking information is based: that general business and economic conditions will not change in a material adverse manner; demand for, and stable or improving price of V2O5 and other vanadium products, ilmenite and titanium dioxide pigment; receipt of regulatory and governmental approvals, permits and renewals in a timely manner; that the Company will not experience any material accident, labour dispute or failure of plant or equipment or other material disruption in the Company\u2019s operations at the Marac\u00e1s Menchen Mine or relating to Largo Clean Energy, specially in respect of the installation and commissioning of the EGPE project; the availability of financing for operations and development; the availability of funding for future capital expenditures; the ability to replace current funding on terms satisfactory to the Company; the ability to mitigate the impact of heavy rainfall; the reliability of production, including, without limitation, access to massive ore, the Company\u2019s ability to procure equipment, services and operating supplies in sufficient quantities and on a timely basis; that the estimates of the resources and reserves at the Marac\u00e1s Menchen Mine are within reasonable bounds of accuracy (including with respect to size, grade and recovery and the operational and price assumptions on which such estimates are based); the accuracy of the Company\u2019s mine plan at the Marac\u00e1s Menchen Mine; that the Company\u2019s current plans for ilmenite can be achieved; the Company\u2019s ability to protect and develop its technology; the Company\u2019s ability to maintain its IP; the competitiveness of the Company\u2019s product in an evolving market; the Company\u2019s ability to attract and retain skilled personnel and directors; the ability of management to execute strategic goals;<\/i>that the Company will enter into agreements for the sales of vanadium, ilmenite and TiO2 products on favourable terms and for the sale of substantially all of its annual production capacity; and receipt of regulatory and governmental approvals, permits and renewals in a timely manner.<\/i><\/p>\n Forward-looking statements can be identified by the use of forward-looking terminology such as \u201cplans\u201d, \u201cexpects\u201d or \u201cdoes not expect\u201d, \u201cis expected\u201d, \u201cbudget\u201d, \u201cscheduled\u201d, \u201cestimates\u201d, \u201cforecasts\u201d, \u201cintends\u201d, \u201canticipates\u201d or \u201cdoes not anticipate\u201d, or \u201cbelieves\u201d, or variations of such words and phrases or statements that certain actions, events or results \u201cmay\u201d, \u201ccould\u201d, \u201cwould\u201d, \u201cmight\u201d or \u201cwill be taken\u201d, \u201coccur\u201d or \u201cbe achieved\u201d, although not all forward-looking statements include those words or phrases. In addition, any statements that refer to expectations, intentions, projections, guidance, potential or other characterizations of future events or circumstances contain forward-looking information. Forward-looking statements are not historical facts nor assurances of future performance but instead represent management’s expectations, estimates and projections regarding future events or circumstances. Forward-looking statements are based on our opinions, estimates and assumptions that we considered appropriate and reasonable as of the date such information is stated, subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Largo to be materially different from those expressed or implied by such forward-looking statements, including but not limited to those risks described in the annual information form of Largo and in its public documents filed on www.sedarplus.ca<\/a> and available on www.sec.gov<\/a> 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\u2019s annual and interim MD&A which also apply.<\/i><\/p>\n Trademarks are owned by Largo Inc.<\/i><\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250218257166\/en\/<\/a><\/span><\/p>\n \nFor further information, please contact:<\/p>\n Investor Relations KEYWORDS:<\/b> North America Canada<\/p>\n INDUSTRY KEYWORDS:<\/b> Natural Resources Other Natural Resources Mining\/Minerals<\/p>\n<\/p>\n
\n<\/b>
Alex Guthrie
\n<\/b>
Director, Investor Relations
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+1.416.861.9778
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aguthrie@largoinc.com<\/a><\/p>\n
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