Cadence Minerals #KDNC – CEO Kiran Morzaria Discusses the funding for the Azteca Plant restart and near term production at Amapa

Cadence Minerals CEO Kiran Morzaria discusses Heads of Terms to fund Azteca Plant restart & near-term production at Amapá with Alan Green ✅ US$4.6m funding package will finance the restart of the Azteca Plant ✅ Azteca will be cashflow positive from the first shipment, generate a healthy margins ✅ Funding generated to be invested into […]

Cadence Minerals #KDNC Signs Heads of Terms to Fund Restart of Azteca Plant and Near-Term Production at Amapá

Cadence Minerals (AIM: KDNC) is pleased to announce that, together with its partners in the Amapá Iron Ore Project (“Amapá” or the “Project”), it has signed a Heads of Terms with an international shipping and trading group (“Offtaker”). The Offtaker, a key partner in this venture, will provide most of the funding to license, refurbish, […]

Cadence Minerals #KDNC – CEO Kiran Morzaria discusses the reduction in Amapá Mining Costs

Cadence CEO Kiran Morzaria discusses the reduction in Amapá Mining Costs with Alan Green ✅ What a near 37% saving in mining costs means for the Amapá #ironore mine and Azteca Plant ✅ Offtake financiers onsite last week ✅ Timeline for permits and recommissioning of the Azteca Plant ✅ Updates on investments in Evergreen #EG1 […]

Cadence Minerals #KDNC – Amapá Operational Update from Kiran Morzaria

Cadence CEO Kiran Morzaria talks to Alan Green and discusses the recently announced development strategy to fast-track production of green iron at its Amapá iron ore mine, rail and port project in Brazil. Kiran walks through the timeline for recommissioning the Azteca Plant to first production, including the issue of permits and installation licenses. Kiran then discusses the […]

Cadence Minerals #KDNC – Annual Results for the year ended 31 December 2024

Cadence Minerals (AIM: KDNC) is pleased to announce its final results for the year ending 31 December 2024. The full Annual Report and Audited Financial Statements will be available on the Company’s website at https://www.cadenceminerals.com/  and will be posted to shareholders shortly. CHAIRMAN’S STATEMENT  Dear Shareholders, As we reflect on the year 2024 and the first half […]

Cadence Minerals #KDNC – Vox Markets Q&A with CEO Kiran Morzaria

More progress at Cadence Minerals’ Amapa iron ore project in Brazil. it’s a giant project, but the plan is to develop it in stages, and potentially to bring in a partner to help. Kiran Morzaria, Cadence’s chief executive joins Vox to tell us how the project sits at the moment, and what happens next.

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 – Amapá Iron Ore Project Licensing on Schedule. Project Financing Discussions Advancing.

Cadence Minerals (AIM: KDNC) is pleased to report the progress of the environmental licensing and the testing of the 67% ‘Green Iron’ processing flow sheet at the Amapá Iron Ore Project. Highlights: Installation Licences for the Amapá mine and railway remain on schedule to be granted this year. The license application for the port was […]

Cadence Minerals #KDNC – Updated PFS Level Economic Study Delivers an Increased Net Present Value of US$1.145 Billion

Cadence Minerals (AIM: KDNC) is pleased to announce the results from the updated economic study, the progress on the environmental applications and the ongoing development of the 67% ‘Green Iron’ processing flow sheet at the Amapá Ore Project (“Amapá”, “Project” or “Amapá Project”). Since the end of March 2024, Cadence’s total investment in the Amapá […]

Cadence Minerals #KDNC – Placing to raise £500,000 and Issue of Warrants to Advance the Amapa Iron Ore Project

Cadence Minerals (AIM: KDNC; OTC: KDNCY) announces that it has successfully raised, subject to Admission, £500,000 before expenses (the “Fundraise”)  through the placing of 16,666,667 new ordinary shares (the “New Ordinary Shares”) in the capital of the Company at a price of 3 pence per Ordinary Share (the “Issue Price”) and the issue of warrants […]