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The latest update is out from Latrobe Magnesium Limited ( (AU:LMG) ).
Latrobe Magnesium Limited announced a proposed issue of 175,633,173 ordinary fully paid securities as part of a standard pro rata issue, which is non-renounceable. This move is part of the company’s strategy to enhance its capital structure and support its ongoing projects, potentially impacting its market position and offering opportunities for stakeholders to participate in its growth.
More about Latrobe Magnesium Limited
Latrobe Magnesium Limited operates in the materials industry, focusing on the production and supply of magnesium products. The company is involved in developing a magnesium production plant in Victoria, Australia, aiming to utilize a world-first process of extracting magnesium from fly ash, a waste product of brown coal power generation.
Average Trading Volume: 3,774,098
Technical Sentiment Signal: Hold
Current Market Cap: A$71.13M
Learn more about LMG stock on TipRanks’ Stock Analysis page.