AusIndustry provides Advance Finding for LMG R&D activities
Filed with ASX · · 2 pages · English
Summary by 6ix AI
Latrobe Magnesium Limited has received a positive Advance Finding from AusIndustry for its research and development activities related to a new magnesium production plant. This finding allows the company to receive a cash rebate for a significant portion of its eligible expenditures over the next three years. The registered activities include test work and operational costs for an experimental plant aimed at extracting magnesium from industrial fly ash. The estimated total cash rebate from the Federal Government could be substantial, based on the costs incurred for these activities.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Latrobe Magnesium Limited on 6ix
Earlier from Latrobe Magnesium
- LMGs Plant approved by Latrobe City Council & GHD Reports
- LMG Improves Feasibility Study Results to $6.5M
- LMG Secures 10 Year Ash Supply Agreement
- LMG warrant issue for $2.7M project facility correction
- LMG Secures $2.7 Million Project Funding Facility
Later from Latrobe Magnesium
- LMGs plant approved by EPA and is set to proceed
- LMG makes changes to its 2020 unaudited Annual Report
- LMG receives $8.79M R&D tax rebate
- Quarterly Cashflow Report
- Latrobe Magnesium awards EPCM contract to Mincore
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