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Latrobe Magnesium Raises $10M to Power Up Magnesium Production
11:52am on Monday 13th of October, 2025 AEDT
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Latrobe Magnesium Raises $10M to Power Up Magnesium Production
11:52am on Monday 13th of October, 2025 AEDT
Key Points
Secured $6 million via institutional placement and $4 million through entitlement offer
Funds allocated to complete 500 tpa magnesium demonstration plant and initial operations
Plans underway for 10,000 tpa commercial plant with feasibility study pending further funding
Placement shares priced at $0.023, a discount to recent trading prices
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Latrobe Magnesium (ASX:LMG)
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