Mineral Commodities Ltd requests voluntary suspension

Mineral Commodities Limited (ASX: $MRC) has requested a voluntary suspension of its securities from ASX, effective immediately, pending the release of an announcement regarding the proposed funding of the Company. The request comes in light of Mineral Sands Resources Pty Ltd (MSR), the owner of the Tormin, being in 'business rescue' as per South African law, with MRC currently holding 50% of MSR. The Company's discussions with various parties regarding the proposed funding are ongoing and incomplete.

Company's Request for Voluntary Suspension

The Company, Mineral Commodities Limited (ASX: $MRC), has requested a voluntary suspension of its securities from ASX, effective immediately, pending the release of an announcement regarding the proposed funding of the Company. This request follows the development of Mineral Sands Resources Pty Ltd (MSR), the owner of the Tormin, being in 'business rescue' as per South African law, with MRC currently holding 50% of MSR. The Company's discussions with various parties regarding the proposed funding are ongoing and incomplete. The voluntary suspension is sought pending the outcome of these discussions, and the Company has requested the trading halt to continue until the earlier of the Company releasing an announcement regarding the matters noted or the commencement of normal trading on 9th September 2024.

Summary of Voluntary Suspension Request

Mineral Commodities Limited (ASX: $MRC) has requested a voluntary suspension of its securities from ASX, effective immediately, pending the release of an announcement regarding the proposed funding of the Company. This request comes as Mineral Sands Resources Pty Ltd (MSR), the owner of the Tormin, is now in 'business rescue' as per South African law, with MRC currently holding 50% of MSR. The Company's discussions with various parties regarding the proposed funding are ongoing and incomplete. The voluntary suspension is sought pending the outcome of these discussions, and the Company has requested the trading halt to continue until the earlier of the Company releasing an announcement regarding the matters noted or the commencement of normal trading on 9th September 2024. The Company is not aware of any reason why the suspension should not be granted and is not aware of any other information necessary to inform the market about the suspension.