Largo Awarded a Five-Year U.S. Department of Defense Fixed-Price Contract

July 1, 2026

Largo Awarded a Five-Year U.S. Department of Defense Fixed-Price Contract

Breaking News

Image source: Pexels

Largo Inc. (LGO), the world's largest primary vanadium producer, announced today that its subsidiary, Largo Resources USA Inc., has been awarded an Indefinite Delivery, Indefinite Quantity contract by the U.S. Defense Logistics Agency Strategic Materials for the supply of up to 2,876 metric tonnes of high-purity vanadium pentoxide in support of the U.S. National Defense Stockpile.

The award is part of the Department of Defense's efforts to strengthen critical mineral supply chains and ensure long-term access to strategic materials essential for defense readiness and industrial mobilization.

The award establishes Largo as an approved supplier to the Defense Logistics Agency and underscores the company's role as a reliable, Western-aligned producer of high-purity vanadium products. NewsFile Corp. reports.

EdgeUp

🖼️ Getty Images Plans to End Shutterstock Deal After U.K. Imposes Condition. Shutterstock down 20% in pre-market

Getty Images plans to terminate its merger agreement with Shutterstock after a U.K. regulator said the latter company must sell its editorial business in order for the merger to be approved.

Getty said Tuesday that the U.K. Competition and Markets Authority conditioned its clearance of the merger of equals on the sale of Shutterstock’s editorial business, a condition Getty said it wasn’t required to accept under the merger agreement. WSJ reports.


🍺 Why Constellation Brands Shares Are Trading Higher

Shares of Constellation Brands Inc. rose sharply in pre-market trading after the company reported upbeat first-quarter financial results and raised its FY27 earnings guidance.

Constellation Brands reported quarterly earnings of $3.43 per share, which beat the consensus estimate of $3.21 by 6.85%, according to Benzinga Pro data. Quarterly revenue clocked in at $2.43 billion, which beat the Street estimate of $2.39 billion.

Constellation shares jumped 3.2% to $143.59 in pre-market trading. Benzinga reports.


🪙 Bit Origin Stock Rallies Over 30% Pre-Market: Here's What You Should Know

Bit Origin Ltd. shares soared 32% to $1.66 in pre-market trading on Wednesday.

The Bitcoin mining and AI infrastructure company closed the regular session at $1.25, up 1.63%, according to Benzinga Pro data. Benzinga reports.


🍎 Apple CEO Tim Cook Flags 'Extreme Shortage' While DRAM ETF Smashes $25 Billion, Surging Over 170% Since Listing

A severe supply crunch in the memory chip sector has set off alarm bells for tech giants like Apple Inc., even as the Roundhill Memory ETF has shattered Wall Street records, crossing $25 billion in assets under management since its launch on April 2, 2026. Benzinga reports.


📦 Jeff Bezos’ Amazon May Hit Historic Milestone No Company Has Reached

Amazon.com, Inc. could become the first company to generate $1 trillion in annual revenue by 2028, according to one market strategist.

Amazon's businesses could fuel the $1 trillion revenue milestone.

On Sunday, Futurum Equities Chief Market Strategist Shay Boloor shared his bullish outlook for Amazon on X, saying the e-commerce and cloud giant is "on track to become the first company to cross $1 trillion in annual revenue by 2028."

Boloor argued the projection is supported by Jeff Bezos' company's increasingly diversified business model. Yahoo Finance reports.

Top 5 Movers in Early Pre-Market

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM ET). Stock Analysis reports.

1) TC: Token Cat Limited
Total gain: +243.78%

2) JEM: 707 Cayman Holdings Limited
Total gain: +112.85%

3) EHGO: Eshallgo Inc.
Total gain: +63.08%

4) CANF: Can-Fite BioPharma Ltd.
Total gain: +26.46%

5) CEPO: Cantor Equity Partners I, Inc.
Total gain: +18.91%

Yesterday’s Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on June 30.

(All pricing and percent gains are based on regular market trading hours from 9:30 AM to 4:00 PM ET)
Stock Analysis reports.


1) MQ: Marqeta, Inc.

Total gain: +288.52%
The company announced that it will effect a 1-for-4 reverse stock split of all of Marqeta’s outstanding shares of Class A Common Stock, Class B Common Stock, and Preferred Stock (the “Reverse Stock Split”). The Reverse Stock Split was approved by Marqeta’s stockholders at the Company’s annual meeting held on June 10, 2026, and will become legally effective at 4:00 p.m. Eastern Time on June 30, 2026. Beginning with the opening of trading on July 1, 2026, the Company’s Class A Common Stock will trade on a split-adjusted basis. Businesswire reports.

2) JEM: 707 Cayman Holdings Limited
Total gain: +267.59%
The company announced that the Company’s board of directors has appointed Robin Hoksnes Karlsen as an executive director of the Company and entered into the Company’s standard form of director agreement. Globe Newswire reports.

3) CUPR: Cuprina Holdings (Cayman) Limited
Total gain: +47.76%
The stock appeared to be moving on no notable news.

Today’s Notable Earnings

(Estimate and Actual numbers represent Earnings Per Share in US Dollars)

BSET: Bassett Furniture Indus
Q2 2026
After Market Close
Estimate: 0.220
Actual: N/A

FDS: FactSet Research Systems
Q3 2026
Before Market Open
Estimate: 4.450
Actual: N/A

CULP: Culp
Q4 2026
After Market Close
Estimate: -0.110
Actual: N/A

Today’s Economic Dates

Time (ET) / Report / Period

8:15 AM - ADP National Employment Report - Jun.
9:45 AM - US Manufacturing PMI - Jun.
10:00 AM - ISM Report On Business Manufacturing PMI - Jun.

Parting Thoughts

“He who has a why to live can bear almost any how.”

– Friedrich Nietzsche

Sourced in: Twilight of the Idols — GoodReads.

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