LMG
Director Trades
| Date | Director | Value |
|---|
Company News
Latrobe Magnesium advances Victorian demonstration plant with key upgrades and readiness plan
Engineering and construction work at Latrobe Magnesium’s (ASX: LMG) demonstration plant project in Victoria has focused on minor Stage 1A upgrades observed during the commissioning trial to improve plant operability and efficiency. The Stage 1A modifications were carried out alongside limited construction for Stage 1B during the quarter to maintain continuity and experience within the […]
Latrobe Magnesium increases project funding and targets next phase of MgO production
Latrobe Magnesium (ASX: LMG) has negotiated a $3 million increase in its project finance facility to provide a funding buffer as it wraps up activities at its innovative Victorian plant. The funding facility now sits at $28m and Latrobe has also successfully extended its maturity date by nine months to 31 December 2027. The change […]
Latrobe Magnesium on track for October production start at Victorian MgO plant
Latrobe Magnesium (ASX: LMG) is on target to achieve the official handover of its stage 1 magnesium oxide (MgO) demonstration plant in Victoria and the start-up of 1,000 tonnes per annum production in early October. With only ten long-lead equipment items and minor works outstanding in the construction and commissioning of the plant, Latrobe expects […]
Latrobe Magnesium moves closer to start of production at Stage 1 demonstration plant
Latrobe Magnesium (ASX: LMG) will progress its demonstration plant in Victoria’s Latrobe Valley towards continuous operation of magnesium oxide production in September, with revenue from sales expected in the near term. The company completed the commissioning stages of the plant during the June quarter, successfully producing magnesium oxide with more than 80% purity to meet […]
Latrobe nears practical completion of Stage 1 magnesium oxide demonstration plant
Latrobe Magnesium’s (ASX: LMG) Stage 1 demonstration plant project in Victoria is nearing practical completion, with no reportable health, safety or environmental incidents to date. The company reported that 154 out of a total of 180 construction punch list items had been completed and signed off since mid-May. Over the coming weeks, a dedicated construction […]
Latrobe Magnesium sets 2024 goals with Bechtel-led commercial plant feasibility study
Latrobe Magnesium (ASX: LMG) has initiated discussions with leading international engineering firm Bechtel to conduct a feasibility study for its 10,000 tonnes per annum commercial plant in Victoria’s Latrobe Valley. Bechtel has been involved in some of the world’s largest projects including a number of major mining, oil and gas developments in Australia. The feasibility […]
Latrobe Magnesium raises $12m to accelerate demonstration plant operations
Fresh from celebrating initial production at its demonstration plant in Victoria, Latrobe Magnesium (ASX: LMG) has reported further positive news with a new $12 million cash injection. The company has emerged from a trading halt to announce it has received firm commitments to raise the capital from several new and existing investors via an institutional […]
Market wrap: shares suffer Friday fade but still manage to add 1% in Budget week
The Australian market may have slid on Friday but still managed to add 1% in a week that featured the Federal Budget which certainly added some economic stimulus in the renewable energy and future metals space. Traders also grew more confident that the Reserve Bank might be getting closer to cutting official interest rates in […]
Latrobe Magnesium receives $12.5m R&D tax rebate for innovative extraction technology
The Australian government has officially recognised Latrobe Magnesium’s (ASX: LMG) significant breakthroughs in magnesium extraction technology with a new approval for up to $12.5 million in tax rebates. The company has received notice from AusIndustry, the government’s business support programme, that it is fully eligible for a research and development (R & D) tax rebate […]
Latrobe Magnesium produces world’s first batch of magnesium oxide from fly ash
Latrobe Magnesium (ASX: LMG) has completed commissioning of the first phase of its 1000-tonnes per annum Stage 1 demonstration plant in Victoria. The commissioning process enabled the company to produce the world’s first batch of environmentally-sustainable magnesium oxide from fly ash, a waste resource from brown coal power generation. All of the fly ash feed […]
Company Videos
Latrobe Magnesium produces world’s first sustainable magnesium oxide from fly ash
Latrobe Magnesium advances magnesium production strategy in Australia and overseas
Latrobe Magnesium eyes commissioning of magnesium demonstration plant in Q2 2023
Latrobe Magnesium gears up to supply critical magnesium metal to world
