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Mineral Commodities Ltd Updates on Skaland Graphite Project Sale

Story Highlights
  • Mineral Commodities Ltd is selling its Skaland Graphite Project to Norge Mineraler Holding AS.
  • The transaction is expected to complete by June 9, 2025, with secured obligations from Norge Mineraler’s parent company.
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Mineral Commodities Ltd Updates on Skaland Graphite Project Sale

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Mineral Commodities Ltd ( (AU:MRC) ) just unveiled an update.

Mineral Commodities Ltd has announced an update on the sale of its Skaland Graphite Project, involving a binding share purchase agreement with Norge Mineraler Holding AS. The transaction is set to be completed by June 9, 2025, with an increased interest rate on outstanding amounts if delayed. Norge Mineraler’s parent company has guaranteed the performance of all obligations under the agreement, indicating a secured transaction process.

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 commitment to environmental, sustainability, and governance principles.

Technical Sentiment Signal: Sell

Current Market Cap: A$25.6M

See more data about MRC stock on TipRanks’ Stock Analysis page.

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