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How Will LMG’s US$122M EXIM Backing Transform U.S. Magnesium Supply?

9:29am on Tuesday 21st of October, 2025 AEDT Mining
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How Will LMG’s US$122M EXIM Backing Transform U.S. Magnesium Supply?

9:29am on Tuesday 21st of October, 2025 AEDT
Key Points
  • EXIM issues non-binding Letter of Interest for US$122 million financing
  • Stage 2 plant targets 10,000 tonnes per annum magnesium production by late 2027
  • 100% of production allocated to U.S. market under long-term offtake agreement
  • LMG progressing equity raises and feasibility study with Bechtel
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