# EDGAR Filing Document

**Accession Number:** 0001400438
**File Stem:** 0001062993-25-014238
**Filing Date:** 2025-8
**Character Count:** 15856
**Document Hash:** 9a287310f3ebcd6abadc002ecedd5eea
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001062993-25-014238.hdr.sgml**: 20250813

**ACCESSION NUMBER**: 0001062993-25-014238

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250811

**FILED AS OF DATE**: 20250813

**DATE AS OF CHANGE**: 20250813

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Largo Inc.
- **CENTRAL INDEX KEY:** 0001400438
- **STANDARD INDUSTRIAL CLASSIFICATION:** MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A6

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40333
- **FILM NUMBER:** 251209171

**BUSINESS ADDRESS:**
- **STREET 1:** FIRST CANADIAN PLACE, 100 KING ST., WEST
- **STREET 2:** SUITE 1600
- **CITY:** Toronto, Ontario
- **STATE:** A6
- **ZIP:** M5X 1G5
- **BUSINESS PHONE:** 4168619797

**MAIL ADDRESS:**
- **STREET 1:** FIRST CANADIAN PLACE, 100 KING ST., WEST
- **STREET 2:** SUITE 1600
- **CITY:** Toronto, Ontario
- **STATE:** A6
- **ZIP:** M5X 1G5

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Largo Resources Ltd.
- **DATE OF NAME CHANGE:** 20070523

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**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

Washington, D.C. 20549

**FORM 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER** 

**PURSUANT TO RULE 13a-16 OR 15d-16** 

**UNDER THE SECURITIES EXCHANGE ACT OF 1934** 

For the month of <u>**August 2025**</u>

Commission File Number: <u>**001-40333**</u>

<u>**LARGO INC.**</u>

(Translation of registrant's name into English)

**1 First Canadian Place, 100 King Street West, Suite 1600**

**Toronto, Ontario M5X 1G5**

<u>**Canada**</u>

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☐ Form 40-F ☒

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

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**Exhibit Index**

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| | |
|:---|:---|
| <u>**Exhibit No.**</u> | <u>**Description of Exhibit**</u> |
| [99.1](exhibit99-1.htm) | [Form 51-102F3 - Material Change Report](exhibit99-1.htm) |
| [99.2](exhibit99-2.htm) | [Form 62-103F1 - Required Disclosure Under the Early Warning Requirements](exhibit99-2.htm) |

---

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**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: August 13, 2025

LARGO INC.

By: <u>/s/ Daniel Tellechea</u><br>Name: Daniel Tellechea<br>Title: Chief Executive Officer

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## Exhibit 99.1

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**FORM 51-102F3**

***MATERIAL CHANGE REPORT***

**Item 1 Name and Address of Company**

Largo Inc. (the "**Company**")

First Canadian Place

100 King Street West, Suite 1600

Toronto, Ontario, M5X 1G5

**Item 2 Date of Material Change**

August 8, 2025

**Item 3 News Release**

A news release with respect to the material change was disseminated by the Company on August 11, 2025, through Business Wire and can be found under the Company's profile on SEDAR+ at <u>www.sedarplus.ca</u>.

**Item 4 Summary of Material Change**

On August 8, 2025, the Company and ARG International AG ("**ARG**") entered into a promissory note and share pledge agreement (the "**Promissory Note**") pursuant to which the Company became indebted to ARG in the principal amount of USD$6,000,000 (CAD$8,245,590) and pledged as security all of its common shares in the capital of Largo Physical Vanadium Corp. ("**LPV**"), being 11,048,300 common shares, representing 65.7% of LPV's currently issued and outstanding shares.

**Item 5 Full Description of Material Change**

**5.1 Full Description of Material Change**

On August 8, 2025, the Company and ARG entered into the Promissory Note pursuant to which the Company became indebted to ARG in the principal amount of USD$6,000,000 (CAD$8,245,590) and pledged as security all of its common shares in the capital of LPV, being 11,048,300 common shares, representing 65.7% of LPV's currently issued and outstanding shares.

The Promissory Note has a term of six months, bears interest at an annualized rate of 15%, and includes a 1% arrangement fee. Proceeds from the Promissory Note are intended to strengthen the Company's liquidity position and provide flexibility to continue execution on its plan to improve operations during a sustained weakness in vanadium prices.

**5.2 Disclosure for Restructuring Transactions**

Not applicable.

**Item 6 Reliance on subsection 7.1(2) of National Instrument 51-102**

Not applicable.

**Item 7 Omitted Information**

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Not applicable.

**Item 8 Executive Officer**

Further information regarding the matters described in this report may be obtained from Alex Guthrie, Director, Investor Relations, who is knowledgeable about the details of the Promissory Note and may be contacted at (416)-861-9778.

**Item 9 Date of Report**

August 11, 2025.

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## Exhibit 99.2

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**Form 62-103F1**

**REQUIRED DISCLOSURE UNDER THE EARLY WARNING REQUIREMENTS**

**Item 1 -** **Security and Reporting Issuer**

**1.1** **State the designation of securities to which this report relates and the name and address of the head office of the issuer of the securities.**

Largo Physical Vanadium Corp. (the "**Company**")

100 King Street West, Suite 1600<br>Toronto, Ontario, M5X 1G5

Common shares of the Company ("**Common Shares**")

**1.2** **State the name of the market in which the transaction or other occurrence that triggered the requirement to file this report took place.**

Not applicable.

**Item 2 -** **Identity of the Acquiror**

**2.1** **State the name and address of the acquiror.**

Largo Inc. ("**Largo**")

100 King Street West, Suite 1600

Toronto, Ontario, M5X 1G5

**2.2** **State the date of the transaction or other occurrence that triggered the requirement to file this report and briefly describe the transaction or other occurrence.**

Change in a material fact. See item 7.

**2.3** **State the names of any joint actors.**

Not applicable.

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**Item 3 -** **Interest in Securities of the Reporting Issuer**

**3.1** **State the designation and number or principal amount of securities acquired or disposed of that triggered the requirement to file the report and the change in the acquiror's securityholding percentage in the class of securities.**

On August 8, 2025, Largo and ARG International AG ("**ARG**") entered into a promissory note and share pledge agreement (the "**Promissory Note**") pursuant to which Largo became indebted to ARG in the principal amount of USD$6,000,000 (CAD$8,245,590) and pledged as security all of its Common Shares in the capital of the Company, being 11,048,300 common shares, representing 65.7% of the Company's currently issued and outstanding shares.

**3.2** **State whether the acquiror acquired or disposed ownership of, or acquired or ceased to have control over, the securities that triggered the requirement to file the report.**

See Item 3.1.

**3.3** **If the transaction involved a securities lending arrangement, state that fact.**

See Item 3.1.

**3.4** **State the designation and number or principal amount of securities and the acquiror's securityholding percentage in the class of securities, immediately before and after the transaction or other occurrence that triggered the requirement to file this report.**

See Item 3.1.

**3.5** **State the designation and number or principal amount of securities and the acquiror's securityholding percentage in the class of securities referred to in Item 3.4 over which**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** **the acquiror, either alone or together with any joint actors, has ownership and control,**

See Item 3.1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** **the acquiror, either alone or together with any joint actors, has ownership but control is held by persons or companies other than the acquiror or any joint actor, and**

See Item 3.1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)** **the acquiror, either alone or together with any joint actors, has exclusive or shared control but does not have ownership.**

See Item 3.1.

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**3.6** **If the acquiror or any of its joint actors has an interest in, or right or obligation associated with, a related financial instrument involving a security of the class of securities in respect of which disclosure is required under this item, describe the material terms of the related financial instrument and its impact on the acquiror's securityholdings.**

Not applicable.

**3.7** **If the acquiror or any of its joint actors is a party to a securities lending arrangement involving a security of the class of securities in respect of which disclosure is required under this item, describe the material terms of the arrangement including the duration of the arrangement, the number or principal amount of securities involved and any right to recall the securities or identical securities that have been transferred or lent under the arrangement.**

Not applicable.

**State if the securities lending arrangement is subject to the exception provided in section 5.7 of NI 62-104.**

Not applicable.

**3.8** **If the acquiror or any of its joint actors is a party to an agreement, arrangement or understanding that has the effect of altering, directly or indirectly, the acquiror's economic exposure to the security of the class of securities to which this report relates, describe the material terms of the agreement, arrangement or understanding.**

Not applicable.

**Item 4 -** **Consideration Paid**

**4.1** **State the value, in Canadian dollars, of any consideration paid or received per security and in total.**

Not applicable.

**4.2** **In the case of a transaction or other occurrence that did not take place on a stock exchange or other market that represents a published market for the securities, including an issuance from treasury, disclose the nature and value, in Canadian dollars, of the consideration paid or received by the acquiror.**

Not applicable.

**4.3** **If the securities were acquired or disposed of other than by purchase or sale, describe the method of acquisition or disposition.**

See Item 3.1, Item 5 and Item 6.

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**Item 5 -** **Purpose of the Transaction**

**State the purpose or purposes of the acquiror and any joint actors for the acquisition or disposition of securities of the reporting issuer. Describe any plans or future intentions which the acquiror and any joint actors may have which relate to or would result in any of the following:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** **the acquisition of additional securities of the reporting issuer, or the disposition of securities of the reporting issuer;**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** **a corporate transaction, such as a merger, reorganization or liquidation, involving the reporting issuer or any of its subsidiaries;**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)** **a sale or transfer of a material amount of the assets of the reporting issuer or any of its subsidiaries;**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d)** **a change in the board of directors or management of the reporting issuer, including any plans or intentions to change the number or term of directors or to fill any existing vacancy on the board;**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(e)** **a material change in the present capitalization or dividend policy of the reporting issuer;**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(f)** **a material change in the reporting issuer's business or corporate structure;**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(g)** **a change in the reporting issuer's charter, bylaws or similar instruments or another action which might impede the acquisition of control of the reporting issuer by any person or company;**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(h)** **a class of securities of the reporting issuer being delisted from, or ceasing to be authorized to be quoted on, a marketplace;**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(i)** **the issuer ceasing to be a reporting issuer in any jurisdiction of Canada;**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(j)** **a solicitation of proxies from securityholders; or**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(k)** **an action similar to any of those enumerated above.**

See Item 3.1. The Common Shares have been pledged as security by way of the Promissory Note dated August 8, 2025, between Largo and ARG, pursuant to which Largo became indebted to ARG in the principal amount of USD$6,000,000 (CAD$8,245,590), together with interest there on and an arrangement fee in accordance with the terms of the Promissory Note.

**Item 6 -** **Agreements, Arrangements, Commitments or Understandings With Respect to Securities of the Reporting Issuer**

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**Describe the material terms of any agreements, arrangements, commitments or understandings between the acquiror and a joint actor and among those persons and any person with respect to securities of the class of securities to which this report relates, including but not limited to the transfer or the voting of any of the securities, finder's fees, joint ventures, loan or option arrangements, guarantees of profits, division of profits or loss, or the giving or withholding of proxies. Include such information for any of the securities that are pledged or otherwise subject to a contingency, the occurrence of which would give another person voting power or investment power over such securities, except that disclosure of standard default and similar provisions contained in loan agreements need not be included.**

See Item 3.1 and Item 5. The Common Shares have been pledged as security by way of the Promissory Note dated August 8, 2025, between Largo and ARG, pursuant to which Largo became indebted to ARG in the principal amount of USD$6,000,000 (CAD$8,245,590), together with interest there on and an arrangement fee in accordance with the terms of the Promissory Note. The Promissory Note has a term of six months, bears interest at an annualized rate of 15%, and includes a 1% arrangement fee.

**Item 7 -** **Change in material fact**

**If applicable, describe any change in a material fact set out in a previous report filed by the acquiror under the early warning requirements or Part 4 in respect of the reporting issuer's securities.**

See Item 3.1, Item 5 and Item 6.

**Item 8 -** **Exemption**

**If the acquiror relies on an exemption from requirements in securities legislation applicable to formal bids for the transaction, state the exemption being relied on and describe the facts supporting that reliance.**

Not applicable.

**[Remainder of Page Intentionally Blank]**

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**Item 9 -** **Certification**

I, as the acquiror, certify, or I, as the agent filing the report on behalf of an acquiror, certify to the best of my knowledge, information and belief, that the statements made in this report are true and complete in every respect.

Date: August 11, 2025

**LARGO INC.**

<u>*/s/ David Harris_____*</u>

Authorized Signatory

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