Brief: Latrobe Magnesium Signs Binding Term Sheet For A$23 Mln Project Funding
14/12/2021 01:15
Dec 14 (Reuters) - Latrobe Magnesium Ltd LMG.AX :
* SIGNED A BINDING TERM SHEET FOR A$23 MILLION IN PROJECT
FUNDING
PLUS CAPITALIZED INTEREST
* LMG IS NOW FULLY FUNDED TO COMPLETE CONSTRUCTION OF ITS
A$39
MILLION PLANT
* PROJECT FUNDING ALLOWS CO TO CONDUCT PRE-FEASIBILITY STUDY
DURING 2022 ON POTENTIAL 100,000 TPA MAGNESIUM PLANT
Source text for Eikon: ID:nASXc2LjL
Further company coverage: LMG.AX
((Reuters.Briefs@thomsonreuters.com;))
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