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An update from Mineral Commodities Ltd ( (AU:MRC) ) is now available.
Mineral Commodities Ltd has provided an update on the sale of its Skaland Graphite Project to Norge Mineraler Holding AS. Despite delays due to unforeseen funding issues, Norge Mineraler has made partial payments and committed to finalizing the purchase. The company has agreed to additional payments and a parent company guarantee to ensure the transaction’s completion, which is crucial for stakeholders including shareholders, contract parties, lenders, and employees.
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: Sell
Current Market Cap: A$25.6M
Learn more about MRC stock on TipRanks’ Stock Analysis page.
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