Zeus Capital – Cadence Minerals #KDNC Funding for Sonora arbitration secured
Although not a core part of Cadence investment case, which is the brownfield restart of the Azteca iron ore plant in Brazil as part of the wider restart of the larger Amapá project, the Sonora lithium project has value in our view. Whether this value is realised as part of the new litigation as part […]
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 – 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 – 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 – 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 – 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 […]
Cadence Minerals #KDNC – Sonora Lithium Investment Update – Request for treaty negotiations with Mexico
Cadence Minerals (AIM/Aquis: KDNC) advises that the Company and its subsidiary REM Mexico Limited (“REMML”) have issued a Request for Consultations and Negotiations (“Request”) to the Government of Mexico under the United Kingdom-Mexico Bilateral Investment Treaty (“BIT”). The Request concerns the purported revocation of the mining concessions for the Sonora Lithium Project (the “Project”) by […]
Cadence Minerals #KDNC – Interim Results for the Six Months Ended 30 June 2023
Cadence Minerals plc (AIM/AQX: KDNC) is pleased to announce its interim results for the six months ended 30 June 2023. HIGHLIGHTS Amapá Pre-Feasibility Study (“PFS”) completed. The study established that the Amapá mine has potential to deliver a robust 5.28 Mtpa (dry) iron ore operation & excellent cash flow including a post-tax NPV of US$949 […]
Edison Research Note: Cadence Minerals #KDNC – A mispriced miner?
Cadence Minerals #KDNC is a mining-focused investment company with unlisted investment assets that the market appears to be clearly mis-pricing. Its portfolio of public equities accounts for £10.2m of its £12.7m market cap, leaving an implied combined value of £2.5m for its 30% stake in the Amapá #ironore project and its minority stake in the […]