Latrobe Magnesium Limited ( (AU:LMG) ) has provided an announcement.
Latrobe Magnesium Limited has announced a proposed issue of securities, comprising 250,000,000 ordinary fully paid shares and 20,000,000 options expiring in April 2028. This move is part of the company’s strategic efforts to raise capital, potentially enhancing its financial position and supporting its operational goals in the magnesium production sector.
More about Latrobe Magnesium Limited
Latrobe Magnesium Limited operates in the magnesium production industry, focusing on developing a magnesium production plant in Victoria, Australia. The company aims to produce magnesium metal and cementitious material from fly ash, a waste by-product of brown coal power generation.
YTD Price Performance: -35.00%
Average Trading Volume: 1,413,321
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$30.53M
See more insights into LMG stock on TipRanks’ Stock Analysis page.