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The latest update is out from Mineral Commodities Ltd ( (AU:MRC) ).
Mineral Commodities Ltd has appointed McGrathNicol Restructuring as voluntary administrators, as per section 436A of the Corporations Act 2001. This comes after financial challenges faced by the company and certain subsidiaries. While the Skaland Graphite mine’s operations in Norway remain unaffected, the administrators will evaluate the prospects of selling or recapitalizing the businesses. Additionally, MRC’s shares will remain suspended during this period, and an initial creditors’ meeting will be held by early January 2026 to discuss the next steps.
More about Mineral Commodities Ltd
Mineral Commodities Ltd is a resources company involved in the mining and supply of industrial minerals, with operations that include the Skaland Graphite mine in Norway. The company is listed on the Australian Securities Exchange (ASX) and specializes in delivering high-grade mineral products for various industrial applications.
Technical Sentiment Signal: Sell
Current Market Cap: A$25.6M
For an in-depth examination of MRC stock, go to TipRanks’ Overview page.