Largo stock gains after winning $60M defense contract By Investing.com

Largo Inc. (TSX: LGO, Nasdaq: LGO) said Nasdaq notified it of noncompliance with the minimum $1.00 bid price requirement under Nasdaq Rule 5550(a)(2), after the Nasdaq closing bid stayed below $1.00 for 30 straight business days. The company has 180 days to regain compliance, and the notice does not affect its Nasdaq Capital Market listing or TSX listing.

Largo Inc. (TSX/Nasdaq: LGO) said its subsidiary Largo Resources USA received a $60.1 million firm-fixed-price delivery order from the U.S. Defense Logistics Agency under a five-year IDIQ contract. The order covers high-purity vanadium pentoxide deliveries through Jan. 2030, with production adjustments starting July 2026.

Largo Inc. (TSX: LGO, NASDAQ: LGO) said it will evaluate strategic alternatives to maximize value of its 100%-owned tungsten assets in Canada (Northern Dancer Tungsten-Molybdenum Project in Yukon) and Brazil (Currais Novos Tungsten Project). The review may include partnerships, JVs, financing, minority investments, sales/spin-outs, and offtake structures, with possible use of a financial advisor. No timetable or outcome was set.

Albertsons Companies said it is voluntarily recalling four ready-to-eat products containing jalapeños supplied by Taylor Farms, including items sold at Randalls in Texas. The recall followed a supplier recall tied to an ongoing federal investigation and an FDA probe of a Salmonella Javiana outbreak. FDA reported 345 illnesses in 27 states, 36 hospitalizations, no deaths.

U.S. health authorities are investigating a Salmonella outbreak linked to Mexican jalapeño peppers. The CDC and FDA say 345 people are ill across 27 states, with 36 hospitalizations and no deaths. The supplier, Coast Citrus Distributors, recalled peppers sent to restaurants including Chipotle and QDOBA. Chipotle removed jalapeños from some outlets and shares fell over 8% on Aug. 4.

Realty Income (NYSE: O) says it began investing in data centers in late 2023 via a build-to-suit JV with Digital Realty, buying an 80% stake in an up to 48 MW facility. It also formed a hyperscale JV with Cloud Capital, targeting up to $1.4B investment for a 45% stake. Realty Income raised 2024 AFFO guidance to $4.44-$4.45/share and investment outlook to $10B.