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Latrobe Magnesium Limited Company Snapshot
Latrobe Magnesium Limited is engaged in developing the Latrobe magnesium project. The Company is also involved in securing memorandum of understanding (MoU) with Japanese and the United States distributors for the sale of magnesium. The Company has a MoU with RWE Power AG to continue to develop a magnesium plant capable of producing approximately 30,000 tons per annum of magnesium from brown coal fly ash from its Hambach mine near Cologne, Germany. The Company's plant will be located in the Latrobe Valley in Victoria, Australia. The Company intends to harvest magnesium metal from industrial fly ash, which is a waste product of brown coal power generation. The Company intends to make a supplementary cementitious material (SCM) from the Latrobe Valley brown coal fly ash. The Company's plant will use an extraction process of combined hydromet/thermal reduction to extract the metal. The Company intends to sell the refined product to Australian, Japanese and American users.

Sales Analysis. During the second fiscal quarter of 2021, sales at Latrobe Magnesium Limited totalled A$305,895.00 . This is an increase of 30.0% from the A$235,284.00 in sales at the company during the second quarter of 2020. During the year ended June of 2020, sales at Latrobe Magnesium Limited were A$708,781.00 (US$546.48 thousand). This is a decrease of 0.1% versus 2019, when the company's sales were A$709,782.00 .
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Latrobe Magnesium Limited
  Stock Performance Chart for Latrobe Magnesium Limited
  Stock Data: Recent Stock Performance:
  Current Price (6/11/2021): .02
(Figures in Australian Dollars)
1 Week 5.3%   13 Weeks 11.1%  
4 Weeks -4.8%   52 Weeks 42.9%  
Latrobe Magnesium Limited Key Data:
  Ticker: LMG Country: Australia
  Exchanges: FRA ASX Major Industry: Materials
    Sub Industry: Nonferrous Metals
  2020 Sales 708,781
(Year Ending Jan 2021).
Employees: 1
  Currency: Australian Dollars Market Cap: 25,930,061
  Fiscal Yr Ends: June Shares Outstanding: 1,296,503,069
  Share Type: Ordinary Closely Held Shares: 533,361,186
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