Mineral Commodities, 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 Dec. 16, 2024, Norge Mining, the Anglo-Norwegian company with a world-class resource of Critical Raw Materials in southwest Norway, announces that, through its Norwegian subsidiary Norge Mineraler Holding AS, it has agreed to acquire Skaland Graphite AS ("Skaland"), the biggest natural graphite producer in Europe, from the Australian mining company Mineral Commodities Ltd ("MRC").
Norge Mining will acquire 100 per cent of Skaland on a cash and debt free basis. The transaction is expected to close in Q1 2025 following the conclusion of customary closing conditions and regulatory approvals.
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