Largo Q2 Production Jumps 29%, Sales Surge 53% as U.S. Tariff Exemption Secured
LGO is trading near its 52-week low of $0.591 (12% above the low) on light trading volume (0.2× avg).
Summary
Largo reported strong Q2 2026 operational results, with V2O5 production up 28.5% YoY to 2,900 tonnes and sales up 53.4% to 2,773 tonnes, driven by improved mining and commercial execution. The company also highlighted a critical U.S. tariff exemption for vanadium oxides and hydroxides from new 25% Section 301 duties on Brazilian goods, effective July 22, preserving its competitive position. This follows the recent $60.1 million Defense Logistics Agency delivery order and the strategic alternatives review for tungsten assets, reinforcing Largo's U.S. market access and revenue visibility. The resumption of high-purity production and monetization of bonded inventory further support cash generation. With a sub-$1 stock price and Nasdaq deficiency notice, these operational gains and tariff relief are material for survival and potential re-rating.
At the time of this announcement, LGO was trading at $0.66 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $54.6M. The 52-week trading range was $0.59 to $2.70. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: TMX Newsfile.