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Mineral Commodities Ltd ( (AU:MRC) ) has issued an announcement.
Mineral Commodities Limited, currently under voluntary administration, has been restructuring its operations through its subsidiaries in the graphite sector. The company previously owned Skaland Graphite AS in Norway via MRC Graphite (Norway) Pty Ltd, positioning it within the global graphite supply chain before this latest divestment.
The company has completed the sale of its 100% shareholding in Skaland Graphite AS, owner and operator of the Skaland Graphite Project in Senja, Norway, to LNS Holding AS for a total purchase price of USD 8.75 million. An initial USD 5.5 million was paid at completion, with the remainder held in escrow and subject to completion adjustments, indicating a move to realise value from assets as part of the administration process and potentially improve outcomes for creditors and stakeholders.
The most recent analyst rating on (AU:MRC) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Mineral Commodities Ltd stock, see the AU:MRC Stock Forecast page.
More about Mineral Commodities Ltd
Mineral Commodities Limited is an ASX-listed resources company with interests in graphite projects, including the now-divested Skaland Graphite Project in Senja, Norway. The company operates through subsidiaries such as MRC Graphite (Norway) Pty Ltd and has recently come under the control of voluntary administrators, reflecting a period of financial restructuring and asset realignment.
Technical Sentiment Signal: Sell
Current Market Cap: A$25.6M
See more insights into MRC stock on TipRanks’ Stock Analysis page.