LMG to raise $1.5m in Placement and Share Purchase Plan
Filed with ASX · · 2 pages · English
Summary by 6ix AI
Latrobe Magnesium Limited is raising funds through a placement and a share purchase plan to support its feasibility study and working capital needs. Latrobe Magnesium plans to sell refined magnesium under long-term contracts, addressing the current import reliance in Australia.
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
- 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
- LMG successful commercial tests in China smelter
Later from Latrobe Magnesium
- AusIndustry provides finding for LMGs R&D Activities
- LMG granted Indonesian patent for its hydromet process
- LMG Receives $560K R&D Tax Incentive Funding
- Appendix 5B
- Strong Progress on Feasibility Study
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