Mineral Commodities Ltd announced that it has entered into a binding convertible loan term sheet for a maximum of AUD 4,000,000 on July 4, 2024. The transaction will include participation from returning investor, AU Mining Limited. The loan will have a coupon rate of 15%, the loan will be convertible into common shares at a price of AUD 0.03 per share.

The loan will be matured on two years from first draw down.