Mineral Commodities Ltd Adjusts Loan Terms and Rates

Mineral Commodities Ltd (AU:MRC) has released an update.

Mineral Commodities Ltd has clarified a recent funding update, correcting that the conversion of a loan is at the lender’s discretion and not the company’s. The company has also adjusted the interest rates on certain loan agreements from 15% to 20%, aligning them with the rate for Au Mining Limited. This move is part of MRC’s strategic focus on expanding its operations in the natural flake graphite sector.

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