Mineral Commodities Ltd (AU:MRC) has released an update.
Mineral Commodities Ltd has clarified a recent funding update, correcting that the conversion of a loan is at the lender’s discretion and not the company’s. The company has also adjusted the interest rates on certain loan agreements from 15% to 20%, aligning them with the rate for Au Mining Limited. This move is part of MRC’s strategic focus on expanding its operations in the natural flake graphite sector.
For further insights into AU:MRC stock, check out TipRanks’ Stock Analysis page.
