Australia's Latrobe Magnesium hits near 4-month high on $15 million letter of support
17/09/2026 04:03
BUZZ-Australia's Latrobe Magnesium hits near 4-month high on $15 million letter of support ** Shares of Latrobe Magnesium LMG.AX advance as much as 42.9% to A$0.02, their highest level since May 27
** Magnesium metal developer wins $15 million non-binding letter of support for financing of the feasibility study for its 50 ktpa project in South Carolina, U.S.
** Letter of support is conditional on LMG receiving financing from a U.S.-based confidential entity and on carrying out further due diligence
** Around 44.7 mln shares change hands, 4.9x the 30-day average volume
** Stock down 4.8% YTD
(Reporting by Rudrannsh Mehra in Bengaluru)
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