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Mineral Commodities Advances Munglinup Buyout and Secures $2.4M Funding Amid Skaland Sale

11:08am on Tuesday 28th of January, 2025 AEDT Mining
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Mineral Commodities Advances Munglinup Buyout and Secures $2.4M Funding Amid Skaland Sale

11:08am on Tuesday 28th of January, 2025 AEDT
Key Points
  • Entered share purchase agreement to sell 100% of Skaland Graphite AS
  • Negotiations ongoing to acquire remaining 49% of Munglinup Graphite Project
  • Secured A$2.4 million in convertible loan facilities from major shareholders
  • Skaland production impacted by drill rig delays and operational suspension
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