Cadence Minerals plc said it had now vested its 27% of the Amapa iron ore project in Brazil. SECOND STAGE The company completed all necessary documents for its second stage of investment to acquire a further 7% (US$3.5m) of Pedra Branca Alliance (PBA). PBA is the Cadence and IndoSino (73%) joint venture company, which owns […]
Tag: Cadence Minerals plc
Cadence notes revised economics for Yangibana
Cadence Minerals plc noted significant progress and revised economics at the Yangibana rare earth project in the Gascoyne region of Western Australia. JOINT VENTURE The company’s Australian joint venture partner Hastings Technology Metals is the operator of the project. Cadence owns 30% of three mining leases and six exploration licences which form part of the Yangibana […]
Cadence raises £745,000 from open offer
Cadence Minerals plc said it had raised £745,000 as a result of the open offer of 3,634,825 open offer shares. This represented a take-up of more than 48.9% of the 7,432,454 available open offer shares.
Cadence completes 20% acquisition of Amapá
Cadence Minerals plc said it had completed all documentation to own 20% of the Amapa iron ore project in Brazil. AGREEMENT The documents relate to a settlement agreement between the company and its joint venture (JV) partner Indo Sino Pty Ltd with DEV Mineração S.A. and the secured bank creditors. Cadence added that the completion […]
Cadence JV receives A$140m loan for Yangibana
Cadence Minerals plc’s joint venture (JV) partner has received approval for a A$140 million loan to fund construction of the Yangibana rare earths project, in the Gascoyne region of Western Australia. JOINT VENTURE Cadence owns 30% of three mining leases, six exploration licences and Australian company Hastings Technology Metals holds the remaining 70%. The JV areas are […]
Cadence Minerals raises £4.1m
Cadence Minerals plc said it had raised gross proceeds of £4.1 million in a “significantly” oversubscribed fundraising. PLACING AND SUBSCRIPTION A total of 19,512,180 placing shares in the company have been placed with new and existing investors at a price of 20.5 pence per share. In addition, Cadence has secured a further £0.1 million via a direct subscription of 487,805 shares […]