Mineral Commodities Ltd (AU:MRC) has released an update.
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Mineral Commodities Ltd (MRC) has announced an extension of their standstill agreement with Garnet International Resources Pty Ltd, which hinges on certain funding milestones being achieved by specific dates in October and December 2024. MRC is in advanced discussions with various parties to secure funding, with final terms expected soon and advisory services provided by Bacchus Capital Advisors in London. The company will provide a market update once funding arrangements are finalized.
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