Largo Resources
Largo Inc. is a vertically integrated vanadium and ilmenite miner operating the Maracás Menchen Mine in Brazil, supplying high-purity VPURE® vanadium products and ilmenite concentrate to global steelmakers, aerospace master alloy producers, chemical catalyst makers, and vanadium flow battery companies.
- Company typePublic
- Founded1988
- HeadquartersToronto, Canada
- Headcount251–500
- GTM typeB2B
- OfferingHardware or Manufacturing
What Largo Resources does
Largo Inc. (formerly Largo Resources) is a Canadian-domiciled, TSX/NASDAQ-listed mining and materials company that produces high-purity vanadium products and ilmenite concentrate from its vertically integrated Maracás Menchen Mine in Bahia, Brazil. The company operates one of the world's highest-grade vanadium deposits (48,954 hectares, 31-year mine life) and is one of only two large-scale high-purity vanadium suppliers globally. Its product portfolio centers on VPURE® standard-grade vanadium flakes and powder (minimum 98.0% V), VPURE+® high-purity vanadium flakes, pentoxide powder, and trioxide powder (99.0% guaranteed, 99.5% typical), and ilmenite concentrate (25,000–35,000 tonnes/yr) for the titanium dioxide pigment industry.
Largo's commercial model is direct enterprise sales through a global commercial team led by the Chief Commercial Officer, selling to steelmakers, titanium master alloy producers serving aerospace, sulfuric acid catalyst manufacturers, vanadium flow battery companies, and TiO2 pigment producers worldwide. Pricing is quote-based and negotiated directly with customers; 2025 cash operating cost guidance is US$4.50–5.50/lb V2O5. Beyond core mining, Largo holds strategic investments in vanadium flow battery technology through wholly-owned Largo Clean Energy Corp., the jointly-controlled Storion Energy JV with Stryten Energy (headquartered in Alpharetta, GA), and wholly-owned Largo Physical Vanadium Corp., positioning the company as a vertically positioned supplier in the long-duration energy storage value chain via its VCHARGE® battery system and vanadium electrolyte supply.
Largo Resources firmographics
Firmographics- Name
- Largo Resources
- Legal name
- Largo Inc.
- Website
- https://largoinc.com
- Company type
- Public
- Founded year
- 1988
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Largo Inc. is a vertically integrated vanadium and ilmenite miner operating the Maracás Menchen Mine in Brazil, supplying high-purity VPURE® vanadium products and ilmenite concentrate to global steelmakers, aerospace master alloy producers, chemical catalyst makers, and vanadium flow battery companies.
- Ownership category
- akta.pro rank
Largo Resources industry classification
Industry- Product category
- Vanadium and Ilmenite Mining & Production
- akta.pro primary industry
- Feldspar & Nepheline Syenite Mining (IMAKAGAI)
Keywords
Where Largo Resources is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices3 records
Markets served
Largo Resources business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Personnel, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Vanadium Product Sales: Largo generates the majority of its revenue from selling high-purity vanadium products (VPURE® and VPURE+® flakes, powders) directly to customers in the steel, aerospace/master alloy, chemical/catalyst, and vanadium flow battery industries worldwide. Sales guidance for 2025 is 7,500–9,500 tonnes of V2O5 equivalent.
- Ilmenite Concentrate Sales: Largo produces and sells ilmenite concentrate (titanium-iron oxide) sourced from its vanadium operations, targeting the titanium dioxide pigment industry. Production guidance for 2025 is 25,000–35,000 tonnes; sales guidance is 20,000–30,000 tonnes.
- Financing and Capital Raises: Largo raises capital through registered direct offerings, private placements of shares and warrants, and secured bridge loans from major shareholders to support operations, working capital, and debt obligations at the Maracás Menchen Mine.
- Vanadium Flow Battery Electrolyte and Components: Largo supplies vanadium electrolyte for vanadium flow batteries and components (VCHARGE battery system) through its subsidiary Largo Clean Energy Corp. and the Storion Energy joint venture, positioning the company in the growing long-duration energy storage market.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels8 records
Largo Resources product offering
Product offeringCore offering
Largo Inc. is a vertically integrated critical metals company that mines and processes vanadium and ilmenite at its Maracás Menchen Mine in Bahia State, Brazil. It produces and sells VPURE® and VPURE+® vanadium pentoxide flakes and powders to global steel, aerospace, chemical/catalyst, and vanadium flow battery customers, and ilmenite concentrate to titanium dioxide pigment producers.
Product overview
Largo is a vertically integrated critical metals company controlling every step from mining at its Maracás Menchen Mine in Brazil to delivering premium vanadium and ilmenite products globally. The product portfolio centers on VPURE® and VPURE+® vanadium products (high-purity vanadium pentoxide flakes and powders for steel, aerospace master alloys, catalysts, and vanadium flow batteries), Ilmenite Concentrate (for titanium dioxide pigment production), and the VCHARGE vanadium flow battery system. The company is one of only two large-scale high-purity vanadium suppliers globally and is expanding into clean energy storage through its vanadium flow battery electrolyte and technology investments.
Differentiator
Problem solved
Functional benefit
Brands
- VPURE: Industry preferred vanadium products (VPURE Flakes and Powder) with minimum vanadium content of 98.0% for steel industry applications including ferrovanadium and vanadium carbon nitride.
- VPURE+
Products and services
- VPURE+® High-Purity Vanadium Products High-purity vanadium pentoxide flakes and powder with guaranteed 99.0% vanadium content (typical 99.5%), exceeding industry standard of 99.0%. Approved by all major master alloy producers globally. Used for titanium master alloys in aerospace, sulfuric acid catalysts, and vanadium electrolyte for vanadium flow batteries.
- VPURE® Standard-Grade Vanadium Products Standard-grade vanadium pentoxide flakes and powder with minimum 98.0% vanadium content, used to produce ferrovanadium and vanadium carbon nitride for the steel industry.
- Ilmenite Concentrate
Quantifiable outcome
- Vanadium increases tensile strength of steel by approximately 40% or more per pound added per tonne.
- +3 more outcomes
Companies that use Largo Resources
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles5 records
Largo Resources technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Largo Resources partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Stryten EnergycoreLargo and Stryten Energy formed a joint venture to create Storion Energy, focused on the development and manufacturing of vanadium flow battery systems. The joint venture combines Stryten's energy storage expertise with Largo's vanadium supply capabilities. Storion Energy is headquartered in Alpharetta, Georgia, USA.
Scale indicators13 records
Recent moves6 records
Expansion highlights5 records
Largo Resources competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Largo Resources social profiles
Digital presenceLargo Resources compliance and trust
Trust signalCompliance6 records
Largo Resources financial estimates
Financial estimateRevenue estimate
Valuation estimate
Largo Resources leadership team
Management profileNumber of profiles
Profiles10 records
Largo Resources subsidiaries and ownership
Company hierarchySubsidiaries3 records
Largo Resources funding detail
Funding detailFunding overview
Funding rounds8 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Largo Resources 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 Resources
What does Largo Resources do?
Largo Inc. is a vertically integrated critical metals company that mines and processes vanadium and ilmenite at its Maracás Menchen Mine in Bahia State, Brazil. It produces and sells VPURE® and VPURE+® vanadium pentoxide flakes and powders to global steel, aerospace, chemical/catalyst, and vanadium flow battery customers, and ilmenite concentrate to titanium dioxide pigment producers.
Is Largo Resources a public or private company?
Largo Resources is a public company. It is classified as public and is currently operating.
When was Largo Resources founded?
Largo Resources was founded in 1988. It employs 251 to 500 people.
Where is Largo Resources based?
Largo Resources is headquartered in Toronto, Canada, in the North America region.
How does Largo Resources make money?
Four revenue lines are on record. Vanadium Product Sales are the primary driver. The others are ilmenite Concentrate Sales, financing and Capital Raises and vanadium Flow Battery Electrolyte and Components.
Does Largo Resources have an API?
No public API is recorded for Largo Resources.
What industry is Largo Resources in?
Largo Resources's product category is Vanadium and Ilmenite Mining & Production. Its primary akta.pro industry code is IMAKAGAI, Feldspar & Nepheline Syenite Mining.