Largo
Largo Inc. is a Canadian-incorporated vanadium mining and processing company that operates the Maracás Menchen mine in Brazil, producing V2O5 and ferrovanadium for steel manufacturers and, via the Storion Energy JV with Stryten Energy, targeting the vanadium redox flow battery market.
- Company typePublic
- Founded2009
- HeadquartersNew York, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Largo does
Largo Inc. is a publicly traded vanadium mining and processing company (TSX/NYSE American: LGO), incorporated in Canada and founded in 2009. The company operates the Maracás Menchen mine in Bahia, Brazil, producing high-purity vanadium pentoxide (V2O5) and ferrovanadium for sale primarily to steel manufacturers as alloying agents for high-strength steel. In Q4 2025, the company achieved V2O5 production of 2,961 tonnes, a 67% year-over-year increase, while revenues declined 8% to $22.3 million from $24.3 million in Q4 2024 and the net loss widened to $17.2 million, in part because U.S. tariffs on Brazilian vanadium had made high-purity sales uneconomical and built up inventory in Baltimore. Following February 2026 tariff relief, high-purity V2O5 production was restarted and the company regained access to the U.S. ferrovanadium price premium.
The company runs a sales-led B2B model, shipping vanadium products directly from Brazilian operations to industrial steel customers and maintaining U.S. inventory in Baltimore for market access. Beyond traditional vanadium offtake, Largo has positioned itself into the energy storage value chain through the Storion Energy joint venture with Stryten Energy, targeting the vanadium redox flow battery (VRFB) market, which is projected to grow from USD 491.5 million in 2024 to USD 1,675.54 million by 2030 at a 22.8% CAGR. The company has also begun exploring copper and precious metals recovery from existing mining operations at Maracás Menchen, reporting positive flotation test results that open a new by-product revenue stream.
Operationally, the firm maintains operational headquarters in São Paulo and warehouse/distribution capability in Baltimore. The strategic intent is to transition from a single-commodity vanadium supplier toward a vertically integrated critical minerals and energy storage materials business, leveraging captive mine output for both steel alloy and VRFB electrolyte applications. Near-term execution risks include the depth of the U.S. price premium benefit, ramp of the Storion JV, and the company's ability to convert production scaling into profitable revenue growth.
Largo firmographics
Firmographics- Name
- Largo
- Legal name
- Largo Inc.
- Website
- https://largonyc.com
- Company type
- Public
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Largo Inc. is a Canadian-incorporated vanadium mining and processing company that operates the Maracás Menchen mine in Brazil, producing V2O5 and ferrovanadium for steel manufacturers and, via the Storion Energy JV with Stryten Energy, targeting the vanadium redox flow battery market.
- Ownership category
- akta.pro rank
Largo industry classification
Industry- Product category
- Real Estate Development
- NAICS
- Real Estate and Rental and Leasing (53)
- SIC
- Real Estate Dealers (For Their Own Account) (6532), Land Subdividers & Developers (No Cemeteries) (6552), Operative Builders (1531)
- akta.pro primary industry
- Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)
- akta.pro secondary industry
- Transitional/Development Land Brokerage (Entitled, In-Path-of-Growth) (BPAJADAJ)
Keywords
Where Largo is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Largo business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales
Revenue model
- Vanadium pentoxide (V2O5) sales: Production and sale of V2O5, the primary vanadium product, with 67% YoY increase in production to 2,961 tonnes in recent period. Sales impacted by U.S. tariffs on Brazilian products making high-purity sales uneconomical at times.
- Ferrovanadium sales: Sale of ferrovanadium alloy to steel and specialty steel industries. Company accessed significant U.S. price premium for ferrovanadium following February 2026 tariff relief.
- Vanadium redox flow batteries (via Storion Energy JV): Joint venture with Stryten Energy to commercialize vanadium redox flow batteries for energy storage systems, targeting the growing flow battery market projected to reach USD 1,675.54 million by 2030.
Go-to-market motion1 record
Distribution channels1 record
Largo product offering
Product offeringCore offering
Largo is a New York City-based real estate development and investment company that develops and invests in real estate projects. The firm maintains a project portfolio and engages in development activity in the NYC market. Specific project details, deal sizes, or investment vehicles are not disclosed in the available source material.
Product overview
Largo Inc. is a vanadium mining and processing company that operates the Maracás Menchen mine in Brazil. The company produces high-purity vanadium pentoxide (V2O5) and ferrovanadium, with a strategic focus on supplying the growing vanadium redox flow battery market through its Storion Energy joint venture with Stryten Energy. The company has recently expanded into copper and precious metals recovery from its existing mining operations. The core product line consists of vanadium-based materials for both traditional steel applications and emerging energy storage markets.
Differentiator
Problem solved
Functional benefit
Products and services
- Real Estate Development Projects
Quantifiable outcome
- 67% year-over-year increase in V2O5 production to 2,961 tonnes
- +1 more outcomes
Companies that use Largo
Customer profileSegments2 records
Ideal customer profiles1 record
Largo technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Largo partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Storion EnergycoreJoint venture between Largo Inc. and Stryten Energy to commercialize vanadium redox flow batteries. This strategic partnership combines Largo's vanadium mining and production capabilities with Stryten's battery manufacturing and distribution expertise to serve the growing energy storage market.
- Stryten EnergycoreStryten Energy partnered with Largo Inc. to form Storion Energy, a joint venture dedicated to commercializing vanadium redox flow batteries for grid-scale energy storage applications. The partnership leverages Stryten's battery technology capabilities and Largo's vanadium supply chain.
Scale indicators5 records
Recent moves4 records
Expansion highlights4 records
Largo competitors and assessment
Company assessmentBroad incumbents
- The Related Companies: One of the largest U.S. real estate developers, with major NYC and Miami residential and mixed-use developments, serving as a benchmark incumbent in Largo's markets.
- Tishman Speyer: Global real estate developer, owner, and investor with substantial NYC and Miami portfolios, representing the larger-scale end of Largo's competitive set.
- Lendlease: Global real estate developer with active NYC and Miami projects, illustrating the institutional-scale competition Largo faces in both markets.
- CIM Group: Larger diversified real estate investment and development firm with NYC and Miami presence, overlapping with Largo's investor-developer model at greater scale.
Direct peers
- JDS Development Group: NYC-focused real estate developer specializing in luxury residential and mixed-use projects, directly comparable to Largo's NYC project profile.
- Naftali Group: NYC-focused residential real estate developer and investor active in luxury condominium and rental projects, comparable to Largo's NYC development-and-investment model.
- Gotham Organization: Privately-held NYC residential developer and owner-operator of multifamily and condominium properties, with a similar dual developer-investor posture.
- Resia: Multifamily real estate developer and operator with NYC exposure, comparable in business model of developing and holding investment-grade residential assets.
- The Brodsky Organization: Long-standing NYC real estate developer, owner, and investor with a diversified portfolio of residential and commercial properties.
- Douglaston Development: NYC-area real estate developer and investment firm operating across residential, commercial, and mixed-use projects, similar in size and scope to Largo.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks4 records
Key highlights4 records
Customer concentration
Largo social profiles
Digital presenceLargo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Largo leadership team
Management profileNumber of profiles
Largo subsidiaries and ownership
Company hierarchySubsidiaries1 record
Largo funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Largo M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Largo
What does Largo do?
Largo is a New York City-based real estate development and investment company that develops and invests in real estate projects. The firm maintains a project portfolio and engages in development activity in the NYC market. Specific project details, deal sizes, or investment vehicles are not disclosed in the available source material.
Is Largo a public or private company?
Largo is a public company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Largo founded?
Largo was founded in 2009. It employs 1 to 10 people.
Where is Largo based?
Largo is headquartered in New York, United States, in the North America region.
How does Largo make money?
Three revenue lines are on record. Vanadium pentoxide (V2O5) sales are the primary driver. The others are ferrovanadium sales and vanadium redox flow batteries (via Storion Energy JV).
Who are Largo's main competitors?
Broad incumbents on record are The Related Companies, Tishman Speyer, Lendlease and CIM Group. Direct peers are JDS Development Group, Naftali Group, Gotham Organization, Resia, The Brodsky Organization and Douglaston Development.
Does Largo have an API?
No public API is recorded for Largo.
What industry is Largo in?
Largo's product category is Real Estate Development. Its primary akta.pro industry code is IMAFABAL, Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities), with a secondary code of BPAJADAJ, Transitional/Development Land Brokerage (Entitled, In-Path-of-Growth). Its NAICS code is 53 and its SIC code is 6532.