Mineral Commodities Ltd (AU:MRC) has released an update.
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Mineral Commodities Ltd is navigating financial uncertainties following the halting of funding for its Mineral Sands Resources Pty Ltd’s Tormin project due to severe storms and an oil spill incident. The company is currently in talks with potential financiers to address funding needs and will inform the market upon finalizing these discussions. Mineral Sands Resources is also initiating a business rescue plan in line with South African law.
For further insights into AU:MRC stock, check out TipRanks’ Stock Analysis page.
