Mineral Commodities Ltd has provided an update on the sale of its Skaland Graphite Project through its subsidiary, MRC Graphite Norway Pty Ltd. The company confirmed that all conditions required for the sale of 100% of the shares in Skaland Graphite AS to Norge Mineraler Holding AS were met on 17 March 2025, with completion and payment scheduled for 21 March 2025. However, subsequent discussions have led to additional non-refundable payments from Norge Mineraler as a result of delays in the transaction’s completion. The buyer has already made a non-refundable payment of USD200,000 to cover incurred costs. In addition, by 5.00pm London time on 11 July 2025, Norge Mineraler has committed to further payments of GBP500,000 to address additional delay costs, NOK11,000,000 directly to Skaland Graphite AG to support ongoing operations, and GBP3,500,000 that will be applied against the purchase price of the sale. The completion of the overall transaction has now been reaffirmed to be no later than 12 noon Oslo time on 31 July 2025. From the perspective of bullish sentiment, the structured payment schedule and the buyer’s commitment, evidenced by multiple upfront non-refundable payments, underscore confidence in the transaction's success and support the ongoing operational performance of the Skaland Graphite project. The clarity provided on the timeline and financial incentives may be seen as positive developments by market participants, enhancing the prospect of smooth transaction closure. Conversely, bearish sentiment may arise from the noticeable delays and the resultant need for additional payments to compensate for these delays. While the payments lend credibility to the buyer’s commitment, the delays might raise concerns among cautious investors regarding potential regulatory or operational hurdles that could impact future transactions or the company’s developmental timeline. Mineral Commodities Ltd has indicated that further updates will be provided as soon as reasonably practicable, keeping the market informed on any new developments surrounding this significant transaction.