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Mineral Commodities Ltd ( (AU:MRC) ) has issued an update.
Mineral Commodities Ltd has terminated its share purchase agreement with Norge Mineraler Holding AS for the sale of its subsidiary, Skaland Graphite AS, due to a failure to complete the transaction on time. The company has now entered a new agreement with LNS Holding AS for the sale of Skaland, with a purchase price of USD 11.5 million. The transaction is subject to several conditions, including due diligence and regulatory approvals, with completion expected in early 2026. This move could potentially strengthen MRC’s financial position and align Skaland with a company experienced in Arctic and challenging environments.
More about Mineral Commodities Ltd
Mineral Commodities Ltd is a mining and development company.
Technical Sentiment Signal: Sell
Current Market Cap: A$25.6M
For a thorough assessment of MRC stock, go to TipRanks’ Stock Analysis page.