MINERAL COMMODITIES LTD (MRC)

The company secured convertible loan facility agreements with shareholders for A$2.4M, with five lenders providing funding. The loans' Maturity Date was extended to 2 years from the first drawdown or 16 May 2025 if Skaland sale is completed.

The company announced its subsidiary MRC Graphite Norway Pty Ltd entered into a conditional share purchase agreement with Norge Mineraler Holding AS for the sale of 100% of Skaland Graphite shares. The transaction was completed on 17 March 2025, with payment due by 21 March 2025. MRC has made partial payments and a working capital payment to support operations.

The company announced that MRC Graphite Norway entered into a conditional share purchase agreement with Norge Mineraler for the sale of 100% of Skaland Graphite shares. The transaction is expected to be completed by 9 June 2025.

The company announced that it entered into a conditional share purchase agreement with Norge Mineraler Holding AS for the sale of 100% of Skaland Graphite shares. Norge Mineraler has made a non-refundable partial payment of USD500,000 and agreed to pay MRCGN interest on overdue payments at a 12.5% p.a.

The company secured A$2.4M in convertible loan facility agreements with shareholders, with lenders extending the loan maturity date to either 2 years from the first drawdown or 16 May 2025.

The company releases its quarterly activities report.

The company announced a conditional share purchase agreement with Norge Mineraler Holding for the sale of 100% of Skaland Graphite shares. Despite a nonrefundable partial payment, Norge Mineraler is currently in default, and MRC plans to enforce the transaction.

The company lodges its appendix 3G.

The company releases its notice of cessation of securities.

Entities that have been suspended for more than three months due to their unfiled periodic reports, along with the oldest overdue report deadline and their two-year deadline for trading plans, will be removed from the official list if these conditions are not fulfilled.

The company releases the results of its general meeting.

The company has been informed that Mineral Sands Resources Pty Ltd, owner of the Tormin Mineral Sands Project, has been placed into provisional liquidation by the High Court of South Africa, Western Cape Division.

The company lodges its preliminary final report.

The company will hold its general meeting on 10 March 2025, 10:30am (AWST) at Boardroom, CWA House, 1176 Hay Street, West Perth, Western Australia.

The company lodges its Half Year Accounts.

The company lodges its Quarterly Activities Report for December 2024.

The entities suspended for over three months failed periodic reports, the oldest outstanding report deadline, and their 2 year deadline for trading plans. If not met, they will be removed from the official list, usually after the first trading day.

The company releases its notice of cessation of securities.

MRC has entered into a binding, conditional agreement to sell 100% of MRC's interest in the Skaland Project in Norway to Norge Mineraler. Total consideration for sale is USD$11.75 million. Sale proceeds to be applied towards clearing MRC's financial liabilities.

The company confirms no bankruptcy proceedings against Skaland Graphite AS and is working with Norwegian auditors for finalizing 2023 accounts. Skaland's operation achieved 1,000 tonnes of saleable product in October 2024, with operational challenges addressing to return to stable production.

The company lodges Quarterly Activities Report.

The company has executed deeds of variation to lenders to adjust interest rates under loan agreements from 15% to 20%, aligning with Au Mining Limited's payable interest rate.

The company corrects loan conversion reference in Annexure B and issues deeds of variation to lenders to adjust interest rates from 15% to 20%.

The company has secured loan facilities with existing shareholders for up to A$2,400,000. The funds will be used for payments to Garnet International Resources, Gold Terrace, Skaland working capital, and corporate costs. The loans are repayable and may be converted into ordinary shares.

Garnet International Resources Pty Ltd has agreed to an amendment for an extension of the standstill arrangement. There has been no change to the requirement that MRC contribute A$250k to GMA's costs, such contribution must be made no later than 2 business days from the Initial Receipt Date. The discussions with various parties regarding the proposed funding of the Company have advanced, with terms and conditions expected to be finalised in the near future. MRC is being assisted in this process by Bacchus Capital Advisors in London.

The securities of Mineral Commodities Ltd were suspended at MRC's request on 31 July 2024 pending an announcement regarding funding discussions. MRC's securities will now be suspended from quotation in accordance with Listing Rule 17.3. ASX has determined that MRC's financial condition is not adequate to warrant the continued quotation of its securities and therefore is in breach of Listing Rule 12.2. In making this determination, ASX has had regard to MRC's failure to lodge its Appendix 4D and half year financial statements for the period ended 30 June 2024 by the due date specified in the Listing Rules. The suspension will continue until ASX is satisfied that MRC is in compliance with the Listing Rules, including Listing Rule 12.2, and that it is otherwise appropriate for MRC's securities to be reinstated to quotation.

MRC advised in the recent quarterly report a binding agreement had been executed that provided Garnet International Resources Pty Ltd would take no action in relation to the parent guarantee granted by MRC in relation to a loan between GMA and Mineral Sands Resources Proprietary Limited entered into in May 2023. This Standstill Agreement has now been amended and the standstill period has been extended to 13 December 2024 with a number of additional conditions to those set out in the quarterly report.

The "business rescue" process for Mineral Sands Resources Pty Ltd the owner of the Tormin mine is ongoing. MRC currently holds 50% of MSR. Garnet International Resources Pty Ltd has agreed to an extension of the standstill arrangement. The Company's discussions with various parties regarding the proposed funding of the Company are ongoing and incomplete. The Company seeks the voluntary suspension pending the outcome of the Company's discussions with various parties regarding the proposed funding of the Company. The Company requests the trading halt continue until the earlier of the Company releasing an announcement regarding the matters noted in paragraph 4 above; or the commencement of normal trading on 1 October 2024.

The securities of Mineral Commodities Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of MRC, pending the release of an announcement regarding the proposed funding of the Company.

The company releases a notification of cessation of securities.

The Company had advised Mineral Sands Resources, the owner of the Tormin Mineral Sands Project, that it will no longer provide funding due to the interruption to operations and revenue stream caused by the storms that led to the MV Ultra Galaxy running aground near Tormin and the subsequent oil spill, MRC understands MSR is in the process of appointing a business rescue practitioner in accordance with South African law. The Company's is advancing discussions with various parties regarding the proposed funding of the Company and that are ongoing and incomplete.

The securities of the Company will be suspended from quotation under Listing Rule 17.5 from the commencement of trading today, Thursday, 1 August 2024, for not lodging the relevant periodic report by the due date. If the report is lodged between the closure of the market announcements office on Wednesday, 31 July 2024, and the imposition of the suspension, the entity's securities will normally be reinstated to quotation on the next trading day after the suspension is imposed.

The securities of Mineral Commodities Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of MRC, pending the release of an announcement regarding an oil spill.

The suspension of trading in the securities of Mineral Commodities Ltd will be lifted from the commencement of trading on Thursday, 2 March 2023 following lodgement of its Appendix 4E Preliminary Final Report.

The company lodges the following: Appendix 4E and Full Year Financial Statements and 2022 Final Results Summary.

The entity's securities will be suspended from quotation under Listing Rule 17.5 from the commencement of trading today, Wednesday, 1 March 2023, for not lodging the relevant periodic report by the due date. If the report is lodged between the closure of the market announcements office yesterday and the imposition of the suspension, the entity's securities will normally be reinstated to quotation on the next trading day after the suspension is imposed.

The suspension of trading in the securities of Mineral Commodities Limited will be lifted immediately, following the release by MRC of an announcement regarding a capital raising.

The company is undertaking a fully underwritten non-renounceable pro rata rights offer to raise up to approximately $7.475 million. It has also received commitments for a $3.2 million placement through the issue of 22,850,000 fully paid shares in the capital of the company at an issue price of $0.14 per share. The placement is expected to be completed later today, 5 July 2021.

The company releases a notice of proposed issue of securities - MRC.

The company has received binding commitments for a placement to existing and new sophisticated and institutional shareholders of 22,850,000 fully paid ordinary shares in the company at an issue price of 14 cents ($0.14) per share to raise A$3.2 million. The shares wil be issued on the same terms as, and rank equally in all respects with, the existing fully paid ordinary shares in the company. The placement is not subject to shareholder approval and will fall within the company's existing capacity under Listing Rule 7.1. The company anticipates completing the placement on 5 July 2021.

The company releases the results of its meeting.

The company releases its AGM Chairman Address and Presentation to Shareholders.

Former CEO, Mark Caruso, has now commenced further proceedings in the Supreme Court of Western Australia against Mineral Commodities Limited seeking payment of approximately $2.2 million (plus costs and interest) relating to various amounts alleged to be payable in respect of Mr Caruso's services to the Company. The proceedings have been commenced on the eve of the AGM. MRC intends to vigorously defend the proceedings and notes in particular that a number of the claims now being made date back as far as September 2000. MRC does not propose to comment further given the matter is now before the Court.

The securities of Mineral Commodities Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of MRC, pending the release of an announcement regarding a capital raising.

the suspension of trading in the securities of Mineral Commodities Limited (the "Company") will be lifted immediately following the release of an announcement by the Company regarding its agreement with the vendors of Cable Sands and its capital raising. Security Code: MRC MRCO

recent prevailing market conditions are unfavourable to financing the Cable Sands acquisition in its current form and timetable. The Company continues to explore its alternatives and is in discussions with the Vendors of Cable Sands in this regard. Whilst these discussions are ongoing, the Company believes that trading in its securities cannot occur on a reasonably informed basis

the securities of Mineral Commodities Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement by the Company about a capital raising

shares reinstated to quotation following the company's response to an article in the Australian newspaper which raised issues going back many years and which appeared to have somewhat tenuous, if any, links to MRC

shares suspended from quotation pending an announcement

we understand that on or about this date the company consolidated its shares 1 for 2

name changed from Mineral Commodities NL