Offtake agreement with Gladieux Metals Recycling provides Largo with additional sustainably produced vanadium units. Gladieux Metals Recycling has an annual permitted recycling capacity of 55,000 tons with an estimated V2O5 equivalent production capacity of 5,000 tons.

TORONTO–Largo Inc. (“Largo” or the “Company”) (TSX: LGO) (NASDAQ: LGO) is pleased to announce that the Company’s subsidiary, Largo Resources USA Inc. (“LUSA”) has signed a 10-year exclusive off-take agreement with Gladieux Metals Recycling (“GMR”)for the purchase of all standard and high purity grade vanadium products from GMR’s recycling facility, located in Freeport, Texas.

GMR’s sister company, Aleon Renewable Metals (“ARM”)is developing technology for the recycling of vanadium electrolyte from vanadium redox flow batteries. This feedstock is expected to increase the vanadium units available in this commercial relationship and maintain a closed loop supply chain.

Paulo Misk, President and CEO of Largo, stated: “With the continued growth of the energy storage market and recovery in the aerospace and chemical sectors, we are delighted to sign this agreement to support our growth plan while also ensuring that our supply chain is aligned with the Company’s continued focus on sustainability and integrated ESG principles.” He continued: “Securing additional volumes of sustainably produced high-quality vanadium will also increase Largo’s footprint in the U.S. and global vanadium markets.”

Alfred Salazar, Chairman of GMR commented: “We are excited to collaborate with a company such as Largo, a historically global leader in the supply of high-quality vanadium who is now focused on lowering the world’s carbon footprint through the development of its advanced vanadium energy storage technologies for long duration.” He continued: “We believe this partnership will bring prospective customers unique value and assurance while supporting their overall increased focus on securing clean and innovative product solutions.”


About Gladieux Metals Recycling and Aleon Renewable Metals

GMR, one of the leaders of spent petroleum catalyst recycling, has been in business since 1973. The plant recovers molybdenum, vanadium, nickel, cobalt and various alumina products to be sold in chemical and metallurgical applications. This reclamation process converts a hazardous waste into valuable metals which reduces the need for mining and hazardous waste landfill thereby conserving natural resources. GMR provides a best-in-class Cradle-to-Grave solution for its customers upholding the highest standards for environmental compliance throughout the entire process. GMR is committed to sustainable development and best practices in product and environmental stewardship.

ARM is an integrated lithium-ion battery (“LIB”) recycler and supplier of high purity cathode precursors to the battery industry. ARM’s mission is to become the most innovative recycler of cobalt, nickel, manganese, lithium, and graphite from end-of-life lithium-ion batteries used in electric vehicles (“EV”), energy storage systems and consumer electronics. ARM links nationwide array of LIB collection and disassembly stations to the state-of-the-art metals refining complex. The metals extracted from LIBs are converted to battery grade chemicals as part of a closed loop supply chain with our strategic partners.

Largo has a long and successful history as one of the world’s preferred vanadium companies through the supply of its VPURE and VPURE+ products, which are sourced from one of the world’s highest-grade vanadium deposits at the Company’s Maracás Menchen Mine in Brazil. Following the acquisition of vanadium redox flow battery technology in 2020, Largo is undergoing a strategic transformation to vertically integrate its world-class vanadium products with its VCHARGE vanadium battery technology to support the planet’s on-going transition to renewable energy and a low carbon future. Largo’s VCHARGE batteries are uniquely capable of supporting reliability and grid stability as electricity systems move away from fossil-fuel generation. VCHARGE batteries are cost effective due to a variety of innovations, enabling an efficient, safe and ESG-aligned long duration solution that is fully recyclable at the end of its 25+ year lifespan. Largo’s common shares trade on the Nasdaq Stock Market and on the Toronto Stock Exchange under the symbol “LGO”.  For more information, please visit