For dissemination in Canada and over Canadian news services only
TORONTO, Oct. 02, 2026 (GLOBE NEWSWIRE) — Arias Resource Capital Fund IV L.P. (“ARCF IV”) announced that it has agreed to invest US$1,299,999.68 (the “Investment”) in units (“Units”) of Largo Inc. (“Largo” or the “Issuer”) (TSX: LGO) (NASDAQ: LGO).
asserted
it → announce → Inc.
This transaction is part of Largo’s previously announced US$5.7 million registered direct offering (the “Offering”).
asserted
transaction → announce → offering
ARCF IV agreed to purchase 2,321,428 Units of Largo at a price of US$0.56 per Unit.
asserted
IV → agree → Unit
Each Unit consists of one common share (“Common Share”) in the capital of Largo and one common Share purchase warrant (“Warrant”).
asserted
Unit → consist → Largo
Each Warrant has an exercise price of US$0.70 per Warrant.
asserted
Warrant → have → Warrant
The securities were issued directly from treasury and the transaction closed on September 29, 2026.
asserted
transaction → issue → September
Following the transaction, Arias Resource Capital Fund II L.P. (“ARCF II”), Arias Resource Capital Fund II (Mexico) L.P. (“ARCF II Mexico”), Arias Resource Capital Fund III L.P. (“ARCF III”), and Arias Resource Capital Fund IV L.P. (“ARCF IV”, and together with ARCF II, ARCF II Mexico, and ARCF III, the “ARC Funds”) will own, in the aggregate, 35,278,481 Common Shares and 7,239,461 Warrants.
asserted
L.P. → follow → Shares
J. Alberto Arias has been granted, for service on the Largo Board of Directors, a total of 164,565 vested options to acquire Common Shares (“Options”), holds 336,913 Restricted Share Units (“RSUs”), and holds 62,533 Common shares directly.
asserted
Arias → grant → shares
Additionally, Arias Resources Capital GP Ltd. (“ARC GP”) owns 6,547 shares.
asserted
Ltd. → own → shares
Giving effect of the Offering and assuming the full exercise of the new and existing Warrants, Options, and RSUs, the Common shares held by the ARC Funds, ARC GP, and J. Alberto Arias, collectively, would total 43,019,420 Common Shares representing approximately 35.01% of the total outstanding Common Shares of Largo on a partially diluted basis.
asserted
shares → give → basis
On a non-diluted basis, the ARC Group’s holdings represent approximately 30.64%.
asserted
holdings → represent → %
This represents a post-transaction ownership summary as outlined below:
asserted
This → represent → summary
The ARC Funds are managed by Arias Resource Capital Management L.P. (the “Manager”).
asserted
Funds → manage → L.P.
The respective general partner of each of the ARC Funds retains the power to make investment and voting decisions in respect of the Largo securities beneficially owned by the ARC Funds.
asserted
partner → retain → Funds
J. Alberto Arias is the director of each of the general partners of the ARC Funds and indirectly controls the Manager.
asserted
Arias → control → Manager
As such, Mr. Arias may be deemed to share voting and dispositive power with respect to the Largo securities beneficially owned by the ARC Funds, but he disclaims any beneficial ownership of any such securities, except to the extent of his pecuniary interest therein.
uncertain
he → deem → interest
The ARC Funds may, from time to time, acquire additional securities of Largo and/or dispose of such securities as they may deem appropriate.
uncertain
they → acquire → securities
The ARC Funds currently have no other immediate plans or intentions to acquire or dispose of securities of Largo, but depending on market conditions, general economic and industry conditions, trading prices of securities of Largo, Largo’s business, financial condition and prospects and/or other relevant factors, the ARC Funds may develop such plans or intentions in the future.
uncertain
Funds → have → future
This news release has been disseminated in accordance with the early warning requirements of Canadian provincial securities laws.
asserted
release → disseminate → laws
For further information, please contact:
J. Alberto Arias, Director
Phone: (305) 913-5400
The dissemination of this release in the United States or to any United States news service may constitute a violation of U.S. securities laws.
uncertain
dissemination → constitute → laws
The Aporia
