LATROBE MAGNESIUM LIMITED (LMG)
Share Price Analysis and Chart

15/07/2026

1

Buy

$0.06

445.45%

Shaw and Partners maintains a Buy rating for Latrobe Magnesium with a $0.06 target price following the execution of a binding placement agreement with critical minerals investor Long State Investment.

The structured equity package secures up to $16m in total funding distributed across four discrete stages to deliver a capital solution during a vital development phase.

Initial tranches will be deployed directly to fund commissioning milestones for the magnesium metal circuit, with subsequent options drawable at company discretion to expand the demonstration plant footprint.

The analyst indicates that the complex transaction framework provides near-term cash security while shielding against single-day market volatility through long-dated volume-weighted price structures.

The report highlights the producer's advanced technical positioning as it edges toward becoming one of the sole operating magnesium metal extraction hubs situated outside of major non-Western manufacturing jurisdictions.

FORECAST
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of 0.00 cents.
Shaw and Partners forecasts a full year FY27 dividend of 0.00 cents and EPS of 0.00 cents.