Mineral Commodities Ltd (AU:MRC) has released an update.
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Mineral Commodities Ltd is navigating a challenging period, with lower production at Tormin due to operational delays and a major storm, leading to the cessation of funding for the business. The company is in talks with major shareholder Au Mining about a convertible loan, while also advancing its Battery Minerals Division, including the near completion of acquiring 100% of the Munglinup Graphite Project and encouraging results from its anode pilot plant.
For further insights into AU:MRC stock, check out TipRanks’ Stock Analysis page.
