Largo Down 20% in Premarket Trade as it Prices $5.7 Million Registered Direct Offering

09:12 AM EDT, 09/25/2026 (MT Newswires) -- Largo (LGO.TO, LGO) entered into definitive agreements for the purchase and sale of 10.2-million share units price at $0.56 each raising $5.7 million, it said Friday. The units are made up of a share and a five-year warrant to buy a share for $0.70. Closing of the offering is expected to occur on or about Sept. 29, subject to some conditions. Proceeds will be used for working capital needs, it said. Nasdaq-listed shares of the company were last seen down $0.14, or 20%, to $0.55 in pre-market trading.