Largo Inc. ("Largo" or the "Company") (TSX:LGO) (NASDAQ:LGO) announces that it has entered into definitive agreements for the purchase and sale of 10,200,000 common shares of the Company ("Common Shares") and warrants to purchase up to 10,200,000 Common Shares ("Warrants") at a purchase price of US$0.56 per Common Share and accompanying Warrant in a registered direct offering (the "Offering") for aggregate gross proceeds of approximately US$5.7 million. The Warrants will have an exercise price of US$0.70 per share, will be immediately exercisable upon issuance and will expire five years from issuance. The closing of the Offering is expected to occur on or about September 29, 2026, subject to the satisfaction of certain closing conditions. The Offering is subject to the approval of the Toronto Stock Exchange (the "TSX"), including the listing of the Common Shares and the Common Shares issuable upon exercise of the Warrants.