Form SD - Specialized disclosure report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM SD

SPECIALIZED DISCLOSURE REPORT

Largo Inc.

(Exact name of registrant as specified in its charter)

Ontario, Canada	001-40333	N/A
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)

1 First Canadian Place 100 King Street West, Suite 1600 Toronto, Ontario, Canada	M5X 1G5
(Address of principal executive offices)	(Zip code)

David Harris, Chief Financial Officer, 416-861-9797

(Name and telephone number, including area code, of the person to contact in connection with this report)

Check the appropriate box to indicate the rule pursuant to which this form is being filed.

☐Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31,_________.

☒Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2023.

SECTION 1 - CONFLICT MINERALS DISCLOSURE

Item 1.01 - Conflict Minerals Disclosure and Report

Not applicable.

Item 1.02 - Exhibit

Not applicable

SECTION 2 - RESOURCE EXTRACTION ISSUER DISCLOSURE

Item 2.01 Resource Extraction Issuer Disclosure and Report

Largo Inc. (the "Company") is subject to Canada's Extractive Sector Transparency Measures Act ("ESTMA"). The Company is relying on the alternative reporting provision of Item 2.01 and providing its ESTMA report for the year ended December 31, 2023 to satisfy the requirements of Item 2.01. The Company's ESTMA report is available on the Company's website at https://s29.q4cdn.com/562286712/files/doc_financials/2023/ar/estma-reporting-template-2023-lgo.pdf or on the Government of Canada's website at https://natural-resources.canada.ca/our-natural-resources/minerals-mining/services-for-the-mining-industry/extractive-sector-transparency-measures-act/links-estma-reports/18198. The payment disclosure required by Form SD is included as Exhibit 2.01 to this Form SD.

SECTION 3 - EXHIBITS

Item 3.01. Exhibits

The following exhibit is filed as part of this report.


Exhibit Number		Description
2.01		Extractive Sector Transparency Measures Act - Annual Report for the year ended December 31, 2023

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.

LARGO INC.	August 16, 2024

(Registrant)	(Date)


By:	/s/ David Harris
Name:	David Harris
Title:	Chief Financial Officer

Extractive Sector Transparency Measures Act - Annual Report
Reporting Entity Name	Largo Inc.
Reporting Year	From	1/1/2023	To:	12/31/2023	Date submitted	5/16/2024
Reporting Entity ESTMA Identification Number	E966576		Original Submission Amended Report
Other Subsidiaries Included (optional field)

Not Consolidated

Not Substituted

Attestation by Reporting Entity
In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.


Full Name of Director or Officer of Reporting Entity	Ernest Cleave				Date	5/16/2024
Position Title	Chief Financial Officer

Extractive Sector Transparency Measures Act - Annual Report
Reporting Year	From:	1/1/2023	To:	12/31/2023
Reporting Entity Name	Largo Inc.				Currency of the Report	USD
Reporting Entity ESTMA Identification Number	E966576
Subsidiary Reporting Entities (if necessary)

Payments by Payee
Country	Payee Name¹	Departments, Agency, etc — within Payee that Received Payments²	Taxes	Royalties	Fees	Production Entitlements	Bonuses	Dividends	Infrastructure Improvement Payments	Total Amount paid to Payee	Notes³⁴
Brazil	Government of Brazil	National Department of Mineral Production		1,060,000						1,060,000	See Additional Notes 1
Brazil	Government of Brazil	Federal Revenue of Brazil	1,690,000							1,690,000	See Additional Notes 1
Additional Notes:	1. Payments denominated in Brazilian Reais were translated to USD at the 2023 annual average exchange rate of 0.2003.

Extractive Sector Transparency Measures Act - Annual Report
Reporting Year	From:	1/1/2023	To:	12/31/2023
Reporting Entity Name	Largo Inc.				Currency of the Report	USD
Reporting Entity ESTMA Identification Number	E966576
Subsidiary Reporting Entities (if necessary)

Payments by Project
Country	Project Name¹	Taxes	Royalties	Fees	Production Entitlements	Bonuses	Dividends	Infrastructure Improvement Payments	Total Amount paid by Project	Notes²³
Brazil	Maracás Menchen Mine	1,690,000	1,060,000						2,750,000	See Additional Notes 1

Additional Notes³:	1. Payments denominated in Brazilian Reais were translated to USD at the 2023 annual average exchange rate of 0.2003.

Document Information	12 Months Ended
Document Information	Dec. 31, 2023
Document Information:
Document Type	2.01 SD
Amendment	false
CIK	0001400438
Registrant Name	Largo Inc.
Period End Date	Dec. 31, 2023
Reporting Currency	USD

Payments, by Category - USD ($)	Taxes	Royalties	Total Payments
Total	$ 1,690,000	$ 1,060,000	$ 2,750,000

Payments, by Project - 12 months ended Dec. 31, 2023 - USD ($)	Taxes	Royalties	Total Payments
Total	$ 1,690,000	$ 1,060,000	$ 2,750,000
Maracs Menchen Mine
Total	$ 1,690,000	$ 1,060,000	$ 2,750,000

Payments, by Government - 12 months ended Dec. 31, 2023 - USD ($)	Taxes	Royalties	Total Payments
Total	$ 1,690,000	$ 1,060,000	$ 2,750,000
BRAZIL
Total	1,690,000	1,060,000	2,750,000
BRAZIL \| Federal Revenue of Brazil
Total	$ 1,690,000		1,690,000
BRAZIL \| National Department of Mineral Production
Total		$ 1,060,000	$ 1,060,000

Payments, Details - 12 months ended Dec. 31, 2023 - USD ($)	Amount	Type	Country	Govt.	Project
#: 1
	$ 1,060,000	Royalties	BRAZIL	National Department of Mineral Production	Maracs Menchen Mine
#: 2
	$ 1,690,000	Taxes	BRAZIL	Federal Revenue of Brazil	Maracs Menchen Mine