Latrobe Magnesium Finds a Bigger Stage in South Carolina

• Proposed 50 ktpa South Carolina magnesium plant with capacity to expand to 100 ktpa
• 32 ktpa of non-binding offtake letters of intent, equal to 64% of Phase 1 capacity
• Indicative capex of US$1.1-1.5 billion and EBITDA of US$320-615 million annually
• Feedstock covered by a binding 20-year ferronickel slag MOU with Société Le Nickel