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 – Sonora Lithium Project Arbitration Funding Confirmation Notice
Cadence Minerals plc (AIM: KDNC) is pleased to announce that LCM Funding SG Pty Ltd (“LCM “) has completed due diligence and issued a Funding Confirmation Notice (“FCN”) under the Arbitration Funding Agreement (“AFA”) entered into between LCM, Cadence and Cadence’s wholly owned subsidiary, REM Mexico Limited (“REM Mexico”), regarding claims in relation to Cadence […]
Cadence Minerals #KDNC – Amapá Project Update – Azteca Plant Progress and Licensing Update
Detailed engineering completed and execution package now in place at Azteca, with early works due to commence in March as key Installation Licence workstreams continue to advance. Cadence Minerals plc (AIM: KDNC) is pleased to provide an update on progress at the Azteca Plant within the Amapá Iron Ore Project in Brazil (“Amapá” or the […]
Cadence Minerals #KDNC CEO Kiran Morzaria discusses the grant of Amapa’s preliminary environmental license agreement with Alan Green
Cadence CEO Kiran Morzaria discusses the grant of the preliminary environmental license agreement at the Amapa iron ore project in Brazil. We look at how events at Amapa have accelerated over the past few months and the significance of the LP issue for both Azteca and the wider Amapa project. Kiran discusses the likely timeframe for […]
Cadence Minerals #KDNC – Grant of Preliminary Environmental Licence – Amapá Iron Ore Project
Cadence Minerals plc (AIM: KDNC) (“Cadence” or the “Company”) is pleased to announce that the State of Amapá environmental authority, the Secretaria de Estado do Meio Ambiente (“SEMA/AP”), has granted a Licença Prévia (“LP”) for the Amapá mine in Brazil (the “Project”). Highlights Major regulatory milestone achieved with the grant of Preliminary Environmental Licence (“LP”) […]
Cadence Minerals #KDNC – Amapá Project – Municipal Settlement, Technical Engagement and Development Progress Update
Cadence Minerals provides an update on the Amapá Iron Ore Project (“Amapá” or the “Project”), covering the resolution of long-standing municipal legacy matters, recent technical engagement with representatives of the State of Amapá, and continued progress across the Company’s staged redevelopment strategy. Highlights Municipal Legacy Resolved: DEV Mineração S.A. has completed the first payment under a […]
Cadence Minerals #KDNC – CEO Kiran Morzaria discusses the Execution of the Binding Offtake Agreement
Cadence CEO Kiran Morzaria discusses the execution of the binding agreement for the US$4.6m funding package to finance the restart of the Azteca Plant at the Amapa iron ore project in Brazil. Kiran talks through the sequence of events required over the coming months to bring Azteca into first production and looks at the recent […]
Cadence Minerals #KDNC – Execution of Binding Prepayment Offtake Agreement
Cadence Minerals (AIM: KDNC) (“Cadence Minerals”, “Cadence”, or “the Company”) is pleased to announce that the Company, together with its joint venture partners Pedra Branca Alliance Pte Ltd (“PBA”) and DEV Mineração S.A. (“DEV”), has executed a binding Prepayment Offtake Agreement (the “Agreement”) with its selected offtake and logistics partner (the “Offtaker”). The Agreement follows […]
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. […]