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Latrobe Magnesium Limited (ASX:LMG)
ALERT: Price-sensitive ASX Announcement for LMG
Current share price for LMG : $0.014 0.003 (27.27%)+
Announcement
Release
23 Jul 2026 10:03AM
Price at Release
$0.011
Full Release
Summary
Latrobe Magnesium Limited (ASX: LMG) announced a management transition with the retirement of its long-standing CEO, David Paterson, effective September 30, 2026. Robert Stein, a chemical engineer with extensive experience in the resources sector, will succeed him as CEO in October 2026. Additionally, Peter Mizera has been appointed as the Chairman of the Construction Committee, bringing his expertise in project development to the company. LMG is focusing on its magnesium metal Demonstration Plant in Victoria, utilizing its patented extraction process, with plans for a larger Commercial Plant and an international plant in Malaysia. These projects aim to promote sustainable practices by recycling waste and reducing CO2 emissions.
Key Points
- David Paterson retires as CEO after 20 years.
- Robert Stein appointed as new CEO starting October 2026.
- Peter Mizera takes role as Chairman of Construction Committee.
- LMG develops magnesium metal plant using patented extraction process.
- Plans for Commercial Plant with 10,000 tonne capacity.
- International plant in Malaysia to produce 100,000 tonnes per annum.
- Sustainable projects promoting recycling and low CO2 emissions.
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.
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