Magnium Australia is commercialising breakthrough technology for clean extraction of magnesium metal, one of the world’s most critical materials. Proposed is a large-scale commercial magnesium refinery capable of producing up to 100,000 tonnes of green magnesium metal per annum.
Magnium, in conjunction with CSIRO, is scaling a proven technology to produce magnesium at 70% lower cost and emissions than any other process. Their technology can be used for other critical metals too. They plan to extract magnesium from magnesite ore and desalination plant brine waste, producing up to 100,000 tonnes of magnesium per year with zero emissions. They are seeking investors for a magnesium refinery. The development of a large-scale magnesium plant will additionally support the growth of renewables, create hundreds of advanced manufacturing jobs, and provide access to global export opportunities.
Investment sought: $41 - $70 million
Expected start date:
03 April, 2023
Expected end date:
01 October, 2024
Funding round finish date:
30 June, 2023
More Project details will be updated soon.
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