Australia's Latrobe Magnesium gains on securing $11.1 million funding package
13/07/2026 03:57
BUZZ-Australia's Latrobe Magnesium gains on securing $11.1 million funding package ** Shares of Australia's Latrobe Magnesium LMG.AX rise as much as 11.1% to A$0.015, heading for its biggest intraday pct gain since July 2
** Miner says it secured A$16 million ($11.10 million) funding package from private investment firm Long State
** LMG adds that funds will be used to finish commissioning and expanding magnesium extraction plant
** Stock down 33.3% YTD, including session moves
($1 = 1.4418 Australian dollars)
(Reporting by Shravya Marakini in Bengaluru)
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