Cadence Minerals plc has agreed up to a US$10 million loan to develop the Amapá iron ore project in Brazil, including optimisation studies on the processing route and environmental licensing. TRANCHES A commitment of an initial tranche of $2m has been agreed with Riverfort Global Capital Ltd to be entered into by RiverFort Global Opportunities […]
Day: 14 November 2024
Cadence to save $28m by relocating Amapá rail loop
Cadence Minerals plc has identified savings of approximately US$28 million, or 24%, on the cost of refurbishing the port at the Amapá iron ore project in Brazil. UNLOADING The figure follows the company’s review of the scoping study, completed in March, and integration into the original pre-feasibility study published in January this year. “The savings […]
Corcel awards 3.5m incentive shares to CEO
Corcel plc has awarded 3,506,490 ordinary shares of £0.0001 each in the company under its share incentive plan (SIP) to chief executive officer Scott Kaintz. The company said that the awards were for the 2022-23 tax year as agreed in the trustees meeting held on 5 April 2023. Also in respect of the same tax year, Mr Kaintz […]