Mineral Commodities Ltd ( (AU:MRC) ) has shared an update.
Mineral Commodities Ltd announced an update regarding the sale of its Skaland Graphite Project to Norge Mineraler Holding AS. Despite fulfilling all conditions of the share purchase agreement, Norge Mineraler is in default of its obligation to complete the transaction. MRC has notified Norge Mineraler of the default and intends to take legal action under Norwegian law. The company will provide further updates on the transaction as developments occur.
More about Mineral Commodities Ltd
Mineral Commodities Ltd is a mining and development company aiming to become a leading vertically integrated producer of graphitic anode materials and value-added mineral products, with a strong focus on Environment, Sustainability, and Governance.
Technical Sentiment Signal: Strong Buy
Current Market Cap: €14.15M
For a thorough assessment of MRC stock, go to TipRanks’ Stock Analysis page.