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Latrobe Magnesium Limited ( (AU:LMG) ) has issued an announcement.
Latrobe Magnesium Limited has received approval from the Environment Protection Authority Victoria to commence commissioning and operations of its Stage 1 Demonstration Plant in Hazelwood North. This approval allows the company to restart its hydrometallurgical operations, aiming for steady-state production of magnesium oxide and byproducts, which is crucial for advancing commercial discussions and securing long-term agreements. The company has also completed a comprehensive operator training program, ensuring that its operations team is well-prepared for the plant’s start-up.
More about Latrobe Magnesium Limited
Latrobe Magnesium Limited operates in the magnesium production industry, focusing on the development of magnesium oxide and associated byproducts from brown coal ash. The company is involved in hydrometallurgical processes and aims to secure long-term offtake agreements through production trials.
Average Trading Volume: 3,968,989
Technical Sentiment Signal: Sell
Current Market Cap: A$44.79M
For an in-depth examination of LMG stock, go to TipRanks’ Overview page.