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Latrobe Magnesium gains US backing for South Carolina plant study
9:58am on Thursday 17th of September, 2026 AEST
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Mining and Metals
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Latrobe Magnesium gains US backing for South Carolina plant study
9:58am on Thursday 17th of September, 2026 AEST
Key Points
US$15 million non-binding equity support for the South Carolina feasibility study
Funding conditional on equivalent US$15 million financing from a specified US entity
Counterparty is a large US financial institution investing across the US and Asia-Pacific
LMG continues talks with other parties for project funding, land and working capital
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Latrobe Magnesium (ASX:LMG)
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