BUZZ-Australia's Latrobe Magnesium falls on discounted placement

Reuters

2025/10/13

BUZZ-Australia's <a href="https://laohu8.com/S/LMGN.AU">Latrobe Magnesium</a> falls on discounted placement

** Shares of Latrobe Magnesium LMG.AX fall as much as 11.1% to A$0.024, their biggest intraday pct loss since September 22

** Stocks hits their lowest level since September 24

** The specialty miner says it raised A$6 million ($3.92 million) via placement, A$4 million via non-renounceable entitlement offer

** Issue price of A$0.023 per share under placement, entitlement offer represents a discount of ~14.8% to stock's last close

** Funds raised will be used to complete the 500 TPA magnesium plant, others

** Stock has gained 25%, YTD, including current session's move

($1 = 1.5316 Australian dollars)

(Reporting by Ananya Verma in Bengaluru)

((ananya.verma@thomsonreuters.com;))

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10:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Australia's <a href=\"https://laohu8.com/S/LMGN.AU\">Latrobe Magnesium</a> falls on discounted placement </title></head><body><p>** Shares of <a href=\"https://laohu8.com/S/LTRBF\">Latrobe Magnesium</a> <span>LMG.AX</span> fall as much as 11.1% to A$0.024, their biggest intraday pct loss since September 22</p><p>** Stocks hits their lowest level since September 24</p><p>** The specialty miner <span>says</span> it raised A$6 million ($3.92 million) via placement, A$4 million via non-renounceable entitlement offer</p><p>** Issue price of A$0.023 per share under placement, entitlement offer represents a discount of ~14.8% to stock's last close</p><p>** Funds raised will be used to complete the 500 TPA magnesium plant, others</p><p>** Stock has gained 25%, YTD, including current session's move  </p><p>($1 = 1.5316 Australian dollars)</p><p> (Reporting by Ananya Verma in Bengaluru)</p><p> ((ananya.verma@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LMG.AU","symbol_name":"LATROBE MAGNESIUM LTD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251013:nL6N3VU02S:1","article_id":"2575447700","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2575447700","pubTimestamp":1760321602,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Australia's Latrobe Magnesium falls on discounted placement** Shares of Latrobe Magnesium LMG.AX fall as much as 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