Sale of Skaland
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| Stock | Mineral Commodities Ltd (MRC.ASX) |
|---|---|
| Release Time | 9 Mar 2026, 3:19 p.m. |
| Price Sensitive | Yes |
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Mineral Commodities sells Skaland Graphite Project
Key Points
- Mineral Commodities' wholly-owned subsidiary completes sale of Skaland Graphite Project in Norway
- Sale price of USD 8.75 million, with USD 5.5 million paid on completion
- Balance held in escrow, subject to completion adjustments
Full Summary
Mineral Commodities Ltd (ASX: MRC) has announced that its wholly-owned subsidiary, MRC Graphite (Norway) Pty Ltd (Administrators Appointed), has completed a share purchase agreement to dispose of its 100% shareholding in Skaland Graphite AS, the owner and operator of the Skaland Graphite Project in Senja, Norway. The sale was completed on 5 March 2026 to LNS Holding AS for a purchase price of USD 8.75 million, of which USD 5.5 million was paid on completion, with the balance held in escrow and subject to completion adjustments. The announcement was made by the Administrators of Mineral Commodities Ltd, who were appointed on 18 December 2025.
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