Mineral Commodities is pleased to announce that further to its announcement on 4 April 2019, the outstanding conditions precedent under the Share Purchase Agreement (“SPA”) were satisfied on Friday 4 October 2019. Accordingly, the Company has moved to complete the acquisition of 90% of the issued share capital in Skaland Graphite AS under the SPA.
Mineral Commodities Ltd (“MRC” or “the Company”) is delighted to announce that the Company’s South African subsidiary, Mineral Sands Resources (Pty) Ltd (“MSR”), has received notification that the Department of Mineral Resources and Energy – South Africa (“DMRE”) will issue two Mining Right Renewals (WC 30/1/2/2/10107MR and WC 30/1/2/2/10108MR) allowing MRC to continue its existing mining operations on a portion of beach immediately adjacent to the farm Geelwal Karoo 262, in the Western Cape Province of South Africa.
MRC’s Munglinup natural flake graphite product characterised as highly crystalline with minimal defects Proprietary method identified to produce few-layer graphene from Munglinup Graphite Product at high yields (>95%) and reduced reagent requirements Proprietary method developed for producing functionalised graphene and related materials Initial application testing shows graphene and functionalised graphene suitable for conductive inks, super-capacitors and corrosion resistant paints and coatings Testwork confirms chemical intercalation and expansion characteristics of Munglinup Graphite Product using microwave expansion Program for next stage under development
Boardroom Media speaks to Mineral Commodities Ltd’s Group Technical Services Manager, Dr Surinder Ghag. Dr Ghag is delighted to announce that MRC’s application with collaboration partners, Doral Fused Metals and Australia’s national science agency, CSIRO, for matched cash funding under the Cooperative Research Centres Projects (“CRC-P”) Grants program, has been successful.
The successful CRC-P application submitted by MRC as the Lead Applicant is to develop and demonstrate an industrially-implementable hydrometallurgical purification process for MRC’s Munglinup graphite concentrate. The scope of the project will seek to build upon techniques previously developed by CSIRO to establish the first Australian-based graphite purification process. The total budget for the CRC Project forecasted at $2.61M, of which the Commonwealth Government CRC-P program will fund 31%.
MRC sponsored a Self-Defence and Safety Awareness Seminar in partnership with African mixed martial arts champion, Dalcha Lungiambula. The event was held at the Vredendal Primary School on 4 May 2019, with over 160 people attending from the local and surrounding communities.