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Latrobe Magnesium Limited ( (AU:LMG) ) just unveiled an announcement.
Latrobe Magnesium Limited is making significant strides towards commencing operations at its Stage 1 Demonstration Plant. The company has completed necessary submissions to the Environmental Protection Authority and is awaiting confirmation to begin ore commissioning. Constructive discussions with unions and contractors have led to a site Enterprise Agreement under review, aiming to secure competitive labor arrangements. Additionally, an updated ash supply agreement with Energy Australia has been finalized, and preparations for site activities are underway, indicating a strong move towards operational readiness.
More about Latrobe Magnesium Limited
Latrobe Magnesium Limited is an Australian company operating in the resources industry, focusing on the production of magnesium. The company is engaged in developing a demonstration plant to process magnesium from fly ash, with a market focus on sustainable and environmentally friendly production methods.
Average Trading Volume: 2,696,051
Technical Sentiment Signal: Sell
Current Market Cap: A$27.58M
For a thorough assessment of LMG stock, go to TipRanks’ Stock Analysis page.