Latrobe Magnesium Completes $4.2M Placement
Filed with ASX · · 2 pages · English
Summary by 6ix AI
Latrobe Magnesium Limited has completed a placement to raise funds for its operations and projects. The company issued shares to sophisticated and institutional investors to support its magnesium demonstration plant and related work. Funds will also be allocated for a resource calculation on fly ash from the Yallourn landfill, which is crucial for future production expansion. The filing outlines the funding plan and budget estimates for the demonstration plant's development.
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
- Latrobe Magnesium picks Malaysia for 100,000 tonnes per annum magnesium plant
- LMG selects Malaysia for its 100,000tpa magnesium plant
- LMG executes upgraded USA Distribution Agreement
- LMG & SLN signed binding MoU for supply of ferro nickel slag
- LMG awards pre-feasibility study for 100,000 tpa plant
Later from Latrobe Magnesium
- Progress Report
- Latrobe Magnesium to send all initial product to high-value US market
- Latrobe Magnesium completes $3.06M placement
- Share Purchase Plan Offer & Application Form
- Share Purchase Plan Offer - Record Date Amended
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