Latrobe Magnesium Ltd (ASX:LMG) has a unique story with its planned development of a production plant in Victoria's Latrobe Valley using a world-first patented extraction process to produce magnesium from brown coal fly ash.
CEO David Paterson outlined the company’s plans, its ESG credentials and its investment proposition during this week’s Proactive Resource Webinar.
The company is funded to construct an initial 1,000 tpa plant and will then increase the size of the plant to 10,000 tonnes.
In recycling hazardous materials, LMG will produce up to 50% less CO2 than other magnesium producers using its acid process.