AusIndustry provides finding for LMGs 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 over the next three years, which will provide significant financial support for its projects. The finding allows LMG to claim a cash rebate for a substantial portion of eligible expenditures related to its experimental plant in Morwell, aimed at extracting magnesium from industrial fly ash. This funding is crucial for LMG as it seeks to establish its initial magnesium production facility and is also in discussions for additional grant assistance from the Victorian Government.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Latrobe Magnesium Limited on 6ix
Earlier from Latrobe Magnesium
- LMG to raise $1.5m in Placement and Share Purchase Plan
- LMG acquires remaining 50% interest in its hydromet process
- LMG MoU with RWE Power for a German magnesium plant
- LMG MOU to appoint USA distributor for sale of Magnesium
- LMG moves to last stage of bankable feasibility study
Later from Latrobe Magnesium
- LMG granted Indonesian patent for its hydromet process
- LMG Receives $560K R&D Tax Incentive Funding
- Appendix 5B
- Strong Progress on Feasibility Study
- LMG Executes American Distribution Agreement
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