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The latest update is out from Mineral Commodities Ltd ( (AU:MRC) ).
Mineral Commodities Ltd has announced an update regarding its convertible loan facility agreements, initially disclosed in October 2024. The company has secured a maximum of A$2.4 million from existing shareholders, including a significant contribution from its largest shareholder, Au Mining Limited. The lenders have agreed to extend the maturity date of the loans to either two years from the first drawdown or upon the sale of Skaland, whichever comes first. This extension provides the company with financial flexibility and supports its strategic objectives.
More about Mineral Commodities Ltd
Mineral Commodities Ltd is a mining and development company focused on becoming a leading vertically integrated producer of graphitic anode materials and value-added mineral products, emphasizing environmental sustainability and governance.
Technical Sentiment Signal: Sell
Current Market Cap: A$25.6M
Find detailed analytics on MRC stock on TipRanks’ Stock Analysis page.