Small-Cap Resources Lead a Week of Takeovers, Defence Deals and Big Project Plans

• Latrobe Magnesium (ASX:LMG) surged 111.11% after outlining a proposed US$1.5 billion magnesium plant in South Carolina.
• Echo IQ (ASX:EIQ) rose 50.49% after setting out three possible routes towards US clearance for its heart-failure software.
• Avenira (ASX:AEV) gained 50.00% after securing an agreement covering more than 80% of planned Wonarah phosphate output.
• Takeover activity continued with Brookfield’s US$3.38 offer for Reliance Worldwide and three revised bids for FleetPartners.