Cadence Minerals #KDNC – Execution of Settlement Agreement and Vesting of Initial US$2.5m for 20% of the Amapa Iron Ore Project

Cadence Minerals (AIM/AQX: KDNC; OTC: KDNCY) is pleased to announce that it has entered into a binding settlement agreement (“Settlement Agreement”) with the secured bank creditors of DEV Mineração S.A. (“DEV”), the owner of the Amapa iron ore project in Brazil. The execution of the Settlement Agreement represents the last major precondition for Cadence to […]

Cadence Minerals #KDNC -Port Concession Update, Amapa Project

Cadence Minerals (AIM/AQX: KDNC; OTC: KDNCY) is pleased to announce the approval of the change of control request for the federal port concession owned by DEV Mineraço S.A.’s (“DEV”) (“Port Change of Control”).Alongside the reinstatement of the life of mine railway concession by the State of Amapa in December 2019, details of which can be […]

Cadence Minerals #KDNC – Positive Operational Progress at the Amapa Iron Ore Project

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce that DEV Mineração S.A (“DEV”) has already delivered positive operational progress in the redevelopment of the Amapa Iron Ore Project (“Amapa”). Highlights: Pre Feasibility Studies (“PFS”) have commenced on the rehabilitation of; The beneficiation and processing plant; The railway and associated infrastructure between Pedra Branca […]

Cadence Minerals #KDNC – First Amapa Iron Ore Shipment Completed and En Route

Further to the announcement made on the 29 March, Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce that DEV Mineração S.A’s (“DEV”) has completed the sale and shipment of the first Iron Ore from the Amapa Iron Ore Project since 2015. Loading of the ship was completed on the 30 March and she […]

Cadence Minerals #KDNC – Update on the Amapa Iron Ore Stockpile Shipment

  Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to provide an update on its investment in the Amapa Iron Ore Project (“Amapa Project”), Brazil. Further to Cadence’s announcement on the 10 February 2021, we can confirm that the court ruling has been published and therefore it is now effective. DEV Mineração S.A’s (“DEV”) can […]

Cadence Minerals #KDNC – Update on Amapa Iron Ore Project Creditor Agreement & Court Petition to Commence Iron Ore Shipments

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to provide an update on its investment in the Amapa Iron Ore Project (“Amapa Project”), Brazil.  Settlement of Bank Creditors In early September 2020, we announced that DEV Mineração S.A’s (“DEV”), Cadence and Indo Sino Pty Ltd (“the Investors”) agreed in principle to the settlement terms proposed […]