Cadence Minerals plc has completed the A$21.05 million (£12.08m) sale of its 31.5% stake in Lithium Technologies and Lithium Supplies (LT and LS) to Evergreen Pty Ltd. TRANSACTION Cadence received an initial AS$3.16m (£1.81m) in Evergreen shares and, subject to Evergreen achieving performance benchmarks, will receive in total A$6.63m (£3.8m) Evergreen will spend a minimum of A$4m over […]
Tag: Cadence Minerals plc
Cadence sells Yangibana rare earth interest for £5m
Cadence Minerals plc said it had sold its interests in the Yangibana rare earth elements (REE) project in Gascoyne, Western Australia for A$9 million (£5.1m) to joint venture partner Hastings Technology Metals. TRANSACTION The company added that its 30% working interest in the tenements covered a small portion of Yangibana and potentially represented one year of the […]
Cadence looks to future value after losses
Cadence Minerals plc swung to a loss during 2021 but said its assets, particularly iron ore and lithium, would perform well in the future. FINANCES In its annual results for the year ended 31 December 2021, the company reported a loss of £0.14m (2020: £7.82m profit) due to reduced realised and unrealised profits and losses for […]
Cadence notes fourth sale of Amapá stockpile iron ore
Cadence Minerals plc noted the fourth sale and shipment of iron ore from stockpiles at the Amapá joint venture project in Brazil. PARTNERS The company holds 27% and Indo Sino Pty Ltd has 73% of the JV project company Pedra Branca Alliance Pte. Ltd, which owns 100% equity of DEV Mineração S.A. Approximately 1.2Mt of […]
Cadence resumes sales of Amapá iron ore stockpiles
Cadence Minerals plc said that the sale and shipment of iron ore stockpiles has restarted from its joint venture (JV) iron ore stockpiles from Santana, Amapa in Brazil. JOINT VENTURE The company owns 27% of the project, with Indo Sino Pty Ltd owning the remaining 73%. The JV company is Pedra Branca Alliance Pte. Ltd […]
Cadence appoints WAI as PFS manager at Amapá
Cadence Minerals plc has appointed Wardell Armstrong International Ltd as pre-feasibility study (PFS) manager of the Amapa iron ore project in Brazil. PFS The company last week completed its 27% acquisition of the project. Cadence company said that the PFS, which began late last year, is based on producing 5.3 Mt of iron ore concentrate […]