Largo Secures Debt Deferral Agreement with Brazilian Lenders

An update from Largo Resources ( (TSE:LGO) ) is now available.

Largo Inc. has secured a binding term sheet with five Brazilian lenders to defer $84.2 million in principal debt payments until March 2026, with a potential extension to September 2026. This agreement is contingent on Largo raising at least C$30 million by November 2025. The deferral provides Largo with additional time to restructure its debt, potentially strengthening its financial position and operational flexibility. This development reflects the lenders’ support and could positively impact Largo’s strategic initiatives and stakeholder confidence.

The most recent analyst rating on (TSE:LGO) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Largo Resources stock, see the TSE:LGO Stock Forecast page.

Spark’s Take on TSE:LGO Stock

According to Spark, TipRanks’ AI Analyst, TSE:LGO is a Neutral.

Largo Resources faces significant financial challenges, with declining revenues and profitability being the most impactful factors. Technical analysis shows mixed signals, with short-term bullish momentum but potential weaknesses. Valuation is poor due to negative earnings and lack of dividends, further impacting the overall score.

To see Spark’s full report on TSE:LGO stock, click here.

More about Largo Resources

Largo is a leading global supplier of high-quality vanadium and ilmenite products, primarily sourced from its Maracás Menchen Mine in Brazil. As one of the largest primary producers of vanadium, the company serves critical industries such as steel, aerospace, defense, chemical, and energy storage. Largo is also invested in the energy storage sector through its joint venture, Storion Energy, focusing on vanadium flow battery solutions in the U.S.

Average Trading Volume: 39,029

Technical Sentiment Signal: Sell

Current Market Cap: C$139.8M

For an in-depth examination of LGO stock, go to TipRanks’ Overview page.