Latrobe Magnesium Limited (AU:LMG) has released an update.
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Latrobe Magnesium Limited (LMG) has increased its project finance facility by $3M to a total of $28M, extending the maturity date to December 2027. The additional funds will bolster working capital, supporting the ramp-up of magnesium oxide production slated for October 2024. LMG also expects significant R&D refundable offsets, totaling $16M for FY 2024 and a projected $13M for FY 2025.
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