Overview: About LPV

EQUIV. UNIT PRICE (US$/LB V₂0₅)¹

$6.26

SHARE PRICE

$0.73

VANADIUM HELD (V₂0₅ Eq.)

2.78MM LBS

MANAGEMENT FEE

0.85%

NAV

$24.51MM

NAV WEEKLY CHANGE

0.97%

NAV PER SHARE²

US$1.05 • C$1.46

SP PREMIUM/(DISCOUNT) TO NAV

-51.37%

Share Price as of May 14, 2025
¹ Vanadium price represents a blended unit price of VAND's vanadium portfolio on a V₂0₅ equivalent basis.
² 16,816,799 total outstanding shares

Largo Physical Vanadium (LPV) is a new publicly listed vanadium holding company that will purchase and hold physical vanadium.

LPV provides shareholders with ownership of a key strategic mineral—vanadium, which is essential to achieve a greener world in key industries such as steel, aerospace and energy storage.

Why invest?

Direct exposure to vanadium, a new-economy metal with robust growth forecasts
Positive ESG impact with use of vanadium in steel and batteries
Turnkey solution to invest in physical vanadium

Key Facts

TSX Venture Exchange (TSX.V)

VAND

Inception Date

September 7, 2022

Management Fees

0.85%

CUSIP

51710H205

ISIN

CA51710H2054

Technical Advisor and Safekeeper of Stored Vanadium

Largo Inc.

Auditor

KPMG

Storage Locations

Netherlands, Canada, South Korea

How to Purchase

LPV units trade in Canadian Dollars. LPV units can be purchased or sold like any regular equity security through financial advisors, full-service brokers and discount brokers. Your units will be held in your name through the third-party financial professional.

Shares are listed on TSX Venture Exchange under the symbol VAND. For further information on how to purchase, please contact Francesco D’Alessio +1.571.491.7827 or f.dalessio@lpvanadium.com.

Vanadium: A New Economy Metal

An informational video that explores incredible facts about vanadium’s origins and its critical role as a new economy material in batteries.

Performance

Market Price vs. Net Asset Value Since Inception

User Options: Mouse over the graph to view detailed daily values; click and drag your mouse to choose specific time frames. Click on the “Reset Zoom” button to return to the full timeline view.

Historical Premium/Discount: Market Price to Net Asset Value

Vanadium Equivalent Held

Total Vanadium Pentoxide (V₂0₅) Equivalent Held by LPV (Graph)

User Options: Mouse over the graph to view detailed daily values; click and drag your mouse to choose specific time frames. Click on the “Reset Zoom” button to return to the full timeline view.

Source: Largo Physical Vanadium Corp.