LMG to power magnesium push with US$2m prepayment

Prepayment deal advances Latrobe Magnesium production plans

Image: Latrobe MagnesiumLatrobe Magnesium (LMG) has secured a non-dilutive prepayment from its US distribution partner Metal Exchange LLC (MX), strengthening its pathway to first magnesium metal production in Victoria’s Latrobe Valley. MX has provided a $US2 million (approximately $2.82 million) prepayment for future shipments of magnesium metal from LMG’s Stage 1 demonstration plant. The funds will support delivery of the company’s Phase 1B pro…

LMG to power magnesium push with US$2m prepayment

US-based Metal Exchange provides US$2m prepayment to Latrobe Magnesium to be repaid via margin sharing rather than equity dilution Funds to support Phase 1B works at Latrobe’s world-leading Victorian plant, targeting first magnesium metal deliveries in 2H 2026 All production earmarked for the US market amid supply shortages and heavy reliance on Chinese imports   Special Report: Latrobe Magnesium has secured a US$2m (~A$2.82m) non-dilutive prepa…