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Latrobe Magnesium Limited ( (AU:LMG) ) has provided an announcement.
Latrobe Magnesium Limited announced a proposed issue of 68,181,818 ordinary fully paid securities under a securities purchase plan. This move is aimed at raising capital, potentially enhancing the company’s operational capabilities and market position, and offering stakeholders an opportunity to invest further in the company.
More about Latrobe Magnesium Limited
Latrobe Magnesium Limited operates in the mining and materials industry, focusing on the production and supply of magnesium. The company is involved in developing innovative processes to extract and produce magnesium from industrial waste, positioning itself as a sustainable and environmentally friendly player in the market.
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.