Robust Munglinup DFS Results Allow MRC To Move To 90% Ownership of Munglinup Graphite Project

Mineral Commodities Ltd is pleased to release the outcomes of the Definitive Feasibility Study (“DFS”) on a concentrate only production scenario at the Munglinup Graphite Project in the south of Western Australia. The DFS confirms the Company’s view that Munglinup will become a crucial asset in its overall ambition to supply natural graphite into the key high-demand battery anode markets.

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MRC and FREYR To Collaborate In Battery Cell Development

Mineral Commodities Ltd is delighted to announce that it has executed a binding, non-exclusive Memorandum of Understanding with Norway-based battery cell developer, FREYR AS. Both companies have agreed to evaluate the manufacture and supply of sustainably sourced anode material from MRC’s subsidiary Skaland’s natural flake graphite concentrate as a potential raw material input into the future production of FREYR’s battery cells.

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MRC Completes Skaland Graphite Acquisition

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.

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