Announcement • Jun 24
Largo Physical Vanadium Corp., Annual General Meeting, Aug 18, 2026 Largo Physical Vanadium Corp., Annual General Meeting, Aug 18, 2026. Location: ontario, toronto Canada New Risk • Jun 12
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.5m (US$9.63m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (32% accrual ratio). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.5m market cap, or US$9.63m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). New Risk • May 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$647k free cash flow). Revenue is less than US$1m (US$4.9k revenue). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (CA$16.5m market cap, or US$12.0m). Board Change • Sep 02
High number of new directors CEO & Director Francesco D’Alessio was the last director to join the board, commencing their role in 2024. Board Change • Jun 11
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Chairman Jonathan Lee is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • May 24
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$707k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$707k free cash flow). Shares are highly illiquid. Revenue is less than US$1m (US$478k revenue). Market cap is less than US$10m (CA$12.3m market cap, or US$8.94m). Announcement • May 15
Largo Physical Vanadium Corp., Annual General Meeting, Aug 22, 2025 Largo Physical Vanadium Corp., Annual General Meeting, Aug 22, 2025. Location: ontario, toronto Canada New Risk • May 08
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$385k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$385k free cash flow). Shares are highly illiquid. Revenue has declined by 3,987% over the past year. Revenue is less than US$1m. Market cap is less than US$10m (CA$11.4m market cap, or US$8.22m). Announcement • Apr 29
Largo Physical Vanadium Corp., Annual General Meeting, Jun 24, 2025 Largo Physical Vanadium Corp., Annual General Meeting, Jun 24, 2025. Location: ontario, toronto Canada Board Change • Dec 12
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Chairman Jonathan Lee is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Nov 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.4m (US$8.83m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (CA$12.4m market cap, or US$8.83m). Minor Risk Revenue is less than US$5m (US$2.6m revenue). Board Change • Nov 19
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Chairman Jonathan Lee is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 23
Largo Physical Vanadium Corp. Announces Resignation of Paul Vollant from Board of Director Largo Physical Vanadium Corp. announced that Paul Vollant has resigned from its Board of Directors of the company, effective as of October 11, 2024. New Risk • Oct 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.5m (US$9.83m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (US$47k revenue). Market cap is less than US$10m (CA$13.5m market cap, or US$9.83m). Board Change • Aug 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Jonathan Lee is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jul 10
Largo Physical Vanadium Corp. Announces CEO Changes Largo Physical Vanadium Corp. announced the appointment of Francesco D’Alessio as Chief Executive Officer of the Company, effective immediately. Mr. D’Alessio is replacing Paul Vollant, who will continue to serve on the Company’s Board of Directors. Mr. D'Alessio has over 17 years of experience in metals sales and trading, including overseeing sales and shipment of vanadium, among other commodities, as well as considerable experience in clean energy storage sales. Most recently, Mr. D'Alessio serves as President of Largo Clean Energy Corp., overseeing the strategic review process to fully maximize the value of LCE, including its access to the innovative LPV structure. Prior to this position, Mr. D’Alessio was actively involved in the overall sales strategy at Largo Inc., contributing to its on-going initiatives in the energy storage sector. Mr. D'Alessio began his tenure at Largo in 2019 as Head of Sales, Americas, and was subsequently promoted to the position of Commercial Director. Mr. D'Alessio’s experience also includes co-founding and previously holding the title of Marketing and Sales Director at SiderAlloys Intl. SA, where he facilitated the company's global sales and raw material sourcing channels and go-to market strategies. Prior to co-piloting the start-up of SiderAlloys in 2011, Mr. D'Alessio was Global Sales Manager of vanadium products for EVRAZ East Metals, where he managed all sales and marketing for the vanadium division. Mr. D'Alessio holds a Global Executive Master of Business Administration (GEMBA) from Bocconi University in Milan, Italy, and a Bachelor of Arts (B.A.) in Government and International Affairs from George Mason University in Fairfax, VA, USA. Announcement • Jun 25
Largo Physical Vanadium Corp., Annual General Meeting, Aug 23, 2024 Largo Physical Vanadium Corp., Annual General Meeting, Aug 23, 2024. Location: ontario, toronto Canada Announcement • Jul 26
Largo Physical Vanadium Corp. Announces Resignation of Justin Reid from the Board of Directors Largo Physical Vanadium Corp. announced that it has accepted the resignation of Justin Reid from the Board of Directors of the Company effective July 10, 2023. The Board is actively engaged in identifying and evaluating alternatives with respect to the appointment of a new independent director to fill the vacancy left by Mr. Reid’s departure. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CA$2.00, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 12x in the Metals and Mining industry in Canada. Announcement • Jul 01
Largo Physical Vanadium Corp., Annual General Meeting, Aug 25, 2023 Largo Physical Vanadium Corp., Annual General Meeting, Aug 25, 2023. Agenda: Annual and Special Meeting. Announcement • May 24
Largo Physical Vanadium Announces the Appointment of Erik Bethel to Its Board of Directors Largo Physical Vanadium Corp. announces that Erik Bethel has been appointed as an independent director to the Company's Board of Directors as of May 6, 2023 and succeeds Andrea Weinberg.