Cadence Minerals #KDNC – Amapá Project Update – Licensing and Azteca Progress

Cadence Minerals plc (AIM: KDNC) is pleased to provide an update on progress towards the grant of the Installation Licence (“LI”) for the Amapá Iron Ore Project in Brazil (“Amapá” or the “Project”), and on continuing execution readiness at the Azteca Plant (“Azteca”). Highlights Permitted early works and procurement activities continue at the Azteca Plant […]

Cadence Minerals #KDNC – Funding Secured for Cadence’s participation in Azteca Plant Offtake via Equity Subscription of £2.16m; Directors Subscription of £0.18m & Retail Offer to raise up to £0.2m

Cadence Minerals (AIM: KDNC) is pleased to announce that it has successfully raised its portion of the capital required to fund the restart of the Azteca Plant in Brazil. Cadence has received subscriptions to raise £2.16 million through the issue of 72,000,000 new ordinary shares of 1 pence each in the Company (“Ordinary Shares”) at […]

Cadence Minerals #KDNC – Interim Results for the six months ended 30 June 2025

Cadence Minerals plc (AIM:KDNC) is pleased to announce its interim results for the six months ended 30 June 2025. Highlights ·      Robust economics confirmed: Updated Pre-Feasibility Study (December 2024) delivered a post-tax NPV of US$1.97 billion, a 42% IRR, and forecast average free cash flow of US$342 million per year over a 15-year mine life. […]

Cadence Minerals #KDNC – Significant Mining Cost Reduction at the Amapá Iron Ore Project

Cadence Minerals (AIM: KDNC) is pleased to announce the results of a review into the mining costs of the Amapá Iron Ore Project (“Amapá”, “Project” or “Amapá Project”) in northern Brazil. The updated mining costs have materially reduced the overall Free on Board (“FOB”) and Cost and Freight (“CFR”) costs compared to those announced previously. […]

Cadence Minerals #KDNC – Progress on Environmental Licensing and Update on Strategic Development Pathway for the Amapá Iron Ore Project

Cadence Minerals (AIM: KDNC) is pleased to provide an update on the progress made concerning the environmental permitting process and strategic development plans for its flagship Amapá Iron Ore Project in Brazil (the “Project”). Staged Development Strategy and Initial Production Plan On 3 December 2024, the Amapá Project published an updated Pre-Feasibility Study (“PFS”), which […]

Cadence Minerals #KDNC – Letter of Intent to Acquire up to a 40% stake in the Pompeya and Sarzedas Tungsten, Antimony and Gold Exploration Tenements, Completion of £1 million Fundraise and Investment Updates

Cadence Minerals (AIM: KDNC) is pleased to announce that it has entered into a letter of Intent with Hesperian Metal, S.L (“Hesperian”) to invest in and acquire up to 40% two prospective tungsten, antimony, and gold exploration packages in Spain and Portugal (“LOI”). The LOI will be funded via a fully over-subscribed placing with predominantly […]

Cadence Minerals #KDNC – PFS Level Economic Study for the Amapa Iron Ore Project Increases Net Present Value to US$1.97 Billion

Cadence Minerals (AIM: KDNC), the AIM-quoted investment company, is pleased to announce an updated Pre-Feasibility Study (“PFS”) on the Amapá Iron Ore Project (“Amapá”, “Project” or “Amapá Project”), in northern Brazil. Cadence owns an equity stake of 34.6% in the Project. The updated PFS is based on the Direct Reduction grade (“DR-grade”) flow sheet announced […]

Cadence Minerals #KDNC – Interim Results for the six months ended 30 June 2024

Cadence Minerals plc (AIM/AQX: KDNC) is pleased to announce its interim results for the six months ended 30 June 2024. Despite the poor commodity and macro backdrop, our primary investment, the Amapá Iron Ore Project, has progressed well. The three targets we set for the year are either completed or scheduled to be completed by […]