Progress Report
Filed with ASX · · 2 pages · English
Summary by 6ix AI
Latrobe Magnesium Limited has amended its distribution agreement with Metal Exchange Corporation for the sale of magnesium to the USA market, as reported in the filing. The amendment allows LMG to produce and sell all its magnesium from both its demonstration and commercial plants to the USA, increasing expected revenue significantly. The filing also notes a delay in the operational timeline for the commercial plant, now expected to be completed later than initially planned. Additionally, exports to Japan will be deferred until a future project is commissioned, as the focus shifts to the USA market due to higher pricing.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
On 6ix: 6ix.com/news/progress-report-5
Latrobe Magnesium Limited on 6ix
Earlier from Latrobe Magnesium
- Latrobe Magnesium Completes $4.2M Placement
- Latrobe Magnesium picks Malaysia for 100,000 tonnes per annum magnesium plant
- LMG selects Malaysia for its 100,000tpa magnesium plant
- LMG executes upgraded USA Distribution Agreement
- LMG & SLN signed binding MoU for supply of ferro nickel slag
Later from Latrobe Magnesium
- Latrobe Magnesium to send all initial product to high-value US market
- Latrobe Magnesium completes $3.06M placement
- Share Purchase Plan Offer & Application Form
- Share Purchase Plan Offer - Record Date Amended
- Latrobe Magnesium completes $1.1M placement
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