Latrobe Magnesium completes $1.1M placement
Filed with ASX · · 2 pages · English
Summary by 6ix AI
Latrobe Magnesium Limited has completed a placement to raise funds for its magnesium demonstration plant in the Latrobe Valley, as reported on page one. The company issued shares to sophisticated and professional investors, with directors also participating in the placement, which is subject to shareholder approval. Latrobe Magnesium is developing a magnesium production facility using a patented extraction process, aiming to sell refined magnesium to customers in the USA.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Latrobe Magnesium Limited on 6ix
Story so far
Earlier from Latrobe Magnesium
- Share Purchase Plan Offer - Record Date Amended
- Share Purchase Plan Offer & Application Form
- Latrobe Magnesium completes $3.06M placement
- Latrobe Magnesium to send all initial product to high-value US market
- Progress Report
Later from Latrobe Magnesium
- LMG Share Purchase Plan closing date extended
- Pause in Trading
- Result of LMG Share Purchase Plan
- Magnesium Oxide Production
- Latrobe Magnesium achieves world-first magnesium oxide production from fly ash
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