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The latest announcement is out from Mineral Commodities Ltd ( (AU:MRC) ).
Mineral Commodities Ltd has announced an update on the sale of its Skaland Graphite Project to Norge Mineraler Holding AS. Despite previous agreements, the final payment for the transaction has not yet been made, leading to an increase in the interest rate on outstanding amounts. The company is actively engaging with Norge Mineraler and Norge Mining to resolve the issue, with expectations for payment by the end of June 2025. Mineral Commodities Ltd plans to enforce its rights and keep the market informed on the transaction’s progress.
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 environmental, sustainability, and governance practices.
Technical Sentiment Signal: Sell
Current Market Cap: A$25.6M
See more insights into MRC stock on TipRanks’ Stock Analysis page.
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