Largo Outsources Vanadium Inventory to the Market

Largo Provides Update on Proposed Qualifying Transaction for New Physical Vanadium Holding Company, Largo Physical Vanadium Corp.

Largo Inc. ("Largo" or the "Company") (TSX: LGO) (NASDAQ: LGO) is pleased to provide an update on Largo Physical Vanadium Corp. (“LPV”) and the proposed qualifying transaction (“Qualifying Transaction”) with Column Capital Corp. (the “CPC”) that was announced in the Company’s press release dated February 3, 2022. LPV and CPC have entered into a definitive agreement (“Definitive Agreement”) dated April 14, 2022, which sets out the terms and conditions of a three-cornered amalgamation that will result in CPC acquiring all of the issued and outstanding securities of LPV in exchange for securities of CPC and will result in a reverse-takeover of CPC by LPV to form a combined entity (the “Resulting Issuer”), expected to be named “Largo Physical Vanadium Corp.”. For full details on the Definitive Agreement, please refer to CPC’s press release dated April 14, 2022. Upon completion of the Qualifying Transaction, it is expected that the Resulting Issuer will be a publicly listed physical vanadium holding company that will purchase and hold physical vanadium, providing investors with ownership and exposure to vanadium.

Maybe Tesla should launch a physical nickel fund.