ASX:MRC suspension announcement

Mineral Commodities Ltd (ASX:MRC) has been suspended from quotation by ASX due to inadequate financial condition and breach of Listing Rule 12.2. The suspension was initiated on 31 July 2024 at MRC's request pending an announcement regarding funding discussions. ASX has determined that MRC's financial condition does not warrant the continued quotation of its securities, and the suspension will persist until ASX is satisfied with MRC's compliance with the Listing Rules.

ASX:MRC suspension commentary

The company's securities have been suspended due to the failure to lodge its Appendix 4D and half-year financial statements for the period ended 30 June 2024 by the specified due date in the Listing Rules. ASX has taken this action as it deems MRC's financial condition inadequate to justify the continued quotation of its securities, in breach of Listing Rule 12.2. The suspension will remain in place until ASX is assured of MRC's compliance with the Listing Rules and deems it appropriate for MRC's securities to be reinstated to quotation.

ASX:MRC suspension summary

Mineral Commodities Ltd (ASX:MRC) has been suspended from quotation by ASX due to inadequate financial condition and breach of Listing Rule 12.2. The suspension was initiated on 31 July 2024 at MRC's request pending an announcement regarding funding discussions. ASX has determined that MRC's financial condition does not warrant the continued quotation of its securities, and the suspension will persist until ASX is satisfied with MRC's compliance with the Listing Rules. The company's failure to lodge its Appendix 4D and half-year financial statements for the period ended 30 June 2024 by the specified due date in the Listing Rules has led to this suspension. The outlook depends on MRC's ability to rectify its financial condition and comply with the Listing Rules, which will determine the reinstatement of its securities to quotation.