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The latest update is out from Latrobe Magnesium Limited ( (AU:LMG) ).
Latrobe Magnesium Limited announced a proposed issue of 1,980,000 ordinary fully paid securities. This move is part of a placement or other type of issue, with the proposed issue date set for May 16, 2025. The issuance aims to strengthen the company’s financial position and support its ongoing operations, potentially enhancing its market presence and offering stakeholders an opportunity for investment.
More about Latrobe Magnesium Limited
Latrobe Magnesium Limited operates in the mining and materials industry, focusing on the production of magnesium from industrial waste sources. The company aims to provide an environmentally friendly solution for magnesium production, targeting markets that require sustainable and efficient material sourcing.
Average Trading Volume: 2,441,701
Technical Sentiment Signal: Sell
Current Market Cap: A$34.12M
See more data about LMG stock on TipRanks’ Stock Analysis page.