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Latrobe Magnesium Limited (ASX:LMG)

ALERT: Price-sensitive ASX Announcement for LMG
Current share price for LMG : $0.008 -0.012 (-60%)+
Announcement
Release
23 Dec 2025 10:36AM
Price at Release
$0.020
Full Release
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Summary
Latrobe Magnesium Limited (LMG) announced it received a research and development (R&D) rebate of $6.29 million from the ATO for 2025, which includes an interest component of $30,984. The rebate has been utilized to repay part of LMG’s debt to RnD Funding, reducing the outstanding debt to approximately $2.6 million. LMG plans to extinguish this remaining debt through the sale of two excess lots. The company is also developing a magnesium metal Demonstration Plant in Victoria, Australia, and has plans for a larger Commercial Plant and an International ‘Mega’ Plant in Malaysia.
Key Points
  • LMG received a $6.29M R&D rebate from ATO for 2025.
  • The rebate includes $30,984 in interest.
  • Rebate used to repay debt to RnD Funding; remaining debt is $2.6M.
  • Plans to settle remaining debt through land sales.
  • LMG is developing a magnesium metal plant in Victoria.
  • The company plans a larger plant in Malaysia.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.