Largo Commences $60M At-The-Market Equity Offering

Largo Inc. ("Largo" or the "Company") (TSX:LGO) (NASDAQ:LGO), a vanadium producer, is pleased to announce the establishment of an at-the-market equity offering program (the "ATM Program") pursuant to which the Company may issue and sell common shares having aggregate gross proceeds of up to US$60,000,000 from time to time on The Nasdaq Stock Market.

Sales of common shares under the ATM Program, if any, will be made through H.C. Wainwright & Co., LLC, acting as the sole sales agent, at prevailing market prices at the time of sale, subject to market conditions and in accordance with applicable securities laws. Largo is not obligated to sell all or any shares under the ATM program and may suspend or terminate the program at any time.

The ATM Program provides the Company with additional financial flexibility and allows Largo to access the capital markets opportunistically, subject to market conditions. Largo intends to use net proceeds from the ATM Program for working capital and general corporate purposes.