Mineral Commodities Ltd (AU:MRC) has released an update.
Mineral Commodities Ltd (MRC) reports mixed quarterly results with Tormin’s target sales revenue achieved at $9.9 million despite production delays, while Skaland’s production aligns with the budget. MRC is expanding its battery minerals division, advancing a pilot-scale battery anode plant, and has signaled its intention to increase its stake in the Munglinup Graphite Project from 51% to 90%, despite a dispute. Infrastructure upgrades and efforts to repair damages at Tormin are underway to bolster profitability.
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