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How Latrobe Magnesium Fixed Its Fan Defect and Secured Key Funding Support
9:56am on Friday 30th of January, 2026 AEDT
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How Latrobe Magnesium Fixed Its Fan Defect and Secured Key Funding Support
9:56am on Friday 30th of January, 2026 AEDT
Key Points
Manufacturing defect on Spray Roaster fan identified and rectified
Magnesium Oxide production restarted with improved operational reliability
Received $6.3 million R&D tax incentive, applied to debt reduction
Non-binding Letters of Support from Export Finance Australia and US EXIM Bank for Stage 2 plant financing
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LATROBE MAGNESIUM (ASX:LMG)
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