MRC Secures Two Additional Graphite Prospects Near Skaland

Mineral Commodities Ltd, through its 90% owned subsidiary, Skaland Graphite AS, is pleased to announce it has entered into a landowner agreement to explore the Hesten and Vardfjellet graphite prospects, located on the island of Senja, Norway. The prospects are situated about 4km west of the Bukken exploration prospect, for which Skaland was granted exploration rights in mid 2020, and are approximately 15km southeast of MRC’s existing Skaland Graphite Mining Operation. Skaland is the highest grade flake graphite operation in the world and largest producing graphite mine in Europe. The agreements provide MRC with exclusive exploration rights for up to six years over an area of 6.9km2.

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Munglinup Graphite Project Classified As A Critical Mineral Project

Mineral Commodities Ltd is pleased to announce the Munglinup Graphite Project has been classified by the Australian Government as a Critical Mineral Project and included in the Australian Critical Minerals Prospectus 2020. The Australian Critical Minerals Prospectus and Critical Mineral Projects in Australia publications were first published by Australian Trade & Investment Commission in early 2019 and have been effective tools in helping to promote Australian Critical Mineral Projects to an international audience. In January 2020, the Australian Government established a Critical Minerals Facilitation Office to identify strategic critical mineral projects, facilitate investment locally and internationally, and secure the new investment and commitments to the future products (strategic offtake agreements).

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MRC Completes Pre-Feasibility Study for Active Anode Material Plant in Norway

MRC’s anode strategy targets production of low CO2 emission, environmentally friendly, active anode material without using highly toxic hydrofluoric acid. The Pre-Feasibility Study takes a modular approach to AAMP production of purified graphite and fines, commencing with a single module to process Skaland concentrate in the first stage, before expansion through two additional modules to process Munglinup concentrate.

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Commencement of Mining at Tormin Western Strandline

Mineral Commodities Ltd and its empowerment partner, Blue Bantry Investments 255 (Pty) Ltd, are pleased to announce that mining has commenced at the Western Strandline, adjacent to their existing Tormin mining operations in the Western Cape province of South Africa.

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Massive Increase in Mineral Resources at Tormin with Maiden Resource at Western Strandline

High-grade resource of 106 million tonnes at 12.4% Total Heavy Minerals (“THM”)1, containing 13 million tonnes in situ Heavy Mineral at Western Strandline. 8 million tonnes at 20.9% THM located within the expanded Mining Right area of the Western Strandline (22% of the total estimated resource) immediately available for mining. Over 85% of the Mineral Resource in the expanded Mining Right area is classified as Measured and Indicated. Mineralisation is continuous and open along strike. 10,000m step out and infill drilling program to continue at Western and Eastern Strandlines.

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Highly Prospective Graphite Exploration Project Secured 20km From Skaland

Mineral Commodities Ltd is pleased to announce that through its 90% owned subsidiary, Skaland Graphite AS, it has entered into a landowner agreement to explore the south of Bukken Graphite Prospect, on the island of Senja, Norway. The tenement is located approximately 20km east of MRC’s existing Skaland Graphite Operation. The agreement will provide MRC with exclusive exploration rights for 10 years.

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