Mineral Commodities Ltd (MRC) via its wholly owned subsidiary MRC Graphite (Norway) Pty Ltd, has a 100% interest in the issued capital in Skaland Graphite AS since the Group acquired the remaining 10% non-controlling interest on 4 July 2023.
On 16 December 2024, the MRC announced it had entered into a binding share purchase agreement ("SPA") for the sale of 100% of the SKA to Norge Mineraler Holding AS ("Norge Mineraler").
But the transaction has faced delays due to funding constraints experienced by Norge Mineraler. The completion of the transaction has been extended and is now expected to occur no later than October 31, 2025.

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