Mineral Commodities Ltd (ASX:MRC) Announces Update on Skaland Graphite Sale
Transaction Update
Mineral Commodities Ltd (ASX:MRC) has announced an update on the sale of its Skaland Graphite Project. The company’s subsidiary, MRC Graphite Norway Pty Ltd, entered into a binding share purchase agreement with Norge Mineraler Holding AS to sell 100% of Skaland Graphite AS.
Financial Commitments
Due to a delay in the transaction’s completion, Norge Mineraler has made a non-refundable payment of USD200,000. Additionally, by 11 July 2025, Norge Mineraler will pay GBP500,000 to cover further delay costs, NOK 11,000,000 to support Skaland Graphite AG’s operations, and GBP3,500,000 towards the purchase price. Norge Mineraler commits to completing the transaction by 31 July 2025.
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