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MRC weighs Tormin Mineral Sands stake sale to GMA

MRC weighs Tormin Mineral Sands stake sale to GMA
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MRC strikes $10m funding deal with GMA

ASX-listed Mineral Commodities (MRC) on Monday unveiled a $10-million funding and offtake agreement with Garnet International Resources, a member of the GMA Group.

MRC and its empowerment partner Blue Bantry Investments 255 has inked formal agreements with Garnet under which Mineral Sands Resources, which owns the Tormin mineral sands operation in South Africa, would supply 80 000 t/y of finished garnet product in 2024-2025. ....

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