News Summary

• Largo Inc. has entered into a secured loan by way of a promissory note with ARG International AG for a principal amount of $6 million (CAD$8.25 million) The Note is secured against the Company’s equity interest in Largo Physical Vanadium Corp. (TSX.V:VAND, OTCQX: VANAF), in which the Company holds a 65.7% majority stake.
• The Note has a term of six months, bears interest at an annualized rate of 15%, and includes a 1% arrangement fee.