they are suggesting their customers will be western original equipment manufactures .
Make sense as this is around critical elements and potentially this opens up US funding options?
This was announced in the LMG quarterly
LMG is also looking to make an application to the United States Department of Defence’s (DoD) Critical
Minerals Program. LMG has been advised that we qualify for the DoD program because:
• Since December 2023, Australian suppliers are considered a domestic supplier in the US.
• LMG is using Bechtel for development of the Commercial Plant, who are a company
headquartered in Reston, Virginia, in the US.
• LMG's offtake agreement is with Metal Exchange Corporation, from St Louis, Missouri, for
100% of the magnesium produced.
• LMG's low CO2 emissions profile, sustainability and circular economy approach.
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