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Pin to quick picksCadence Mineral Share News (KDNC)

Share Price Information for Cadence Mineral (KDNC)

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Share Price: 3.60
Bid: 3.50
Ask: 3.70
Change: 0.05 (1.41%)
Spread: 0.20 (5.714%)
Open: 3.55
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Low: 3.55
Prev. Close: 3.55
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TRADING UPDATES: Alphawave teams with Intel; Cadence's Amapa progress

Mon, 07th Feb 2022 18:29

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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Alphawave IP Group PLC - designs and licences chip technology - Teams with Intel Corp's Intel Foundry Services. Intel Foundry is a unit of Santa Clara, California-based Intel. It manufactures third-party chips. "By combining Intel's manufacturing and operational prowess with Alphawave IP's technology leadership in connectivity solutions, the partnership will enable some of the world's largest chip companies and hyperscalers to build the most advanced semiconductor devices in 2022 and beyond," Alphawave says.

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Cadence Minerals PLC - London-based investor in mineral resources - Says required contractual and regulatory documentation completed and filed at Amapa iron ore project, sealing process and ensuring Cadence now owns 20% of the Brazil-based project. Cadence notes Anglo American PLC, a previous owner, valued the asset at USD1.2 billion and impaired it at USD600 million back in its 2012 accounts.

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Oilex Ltd - Perth-based company focused on the development of natural gas assets - India's Ministry of Environment, Forest & Climate Change confirms decision to approve environmental clearance for Cambay field.

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Hunting PLC - London-based supplier to oil and gas industry - Refinances core borrowing facilities and enters into USD150 million asset based lending facility with Wells Fargo and HSBC. New facility has four-year term and replaces USD160 million revolving credit facility. "The ABL facility contains an accordion feature of up to a further USD50 million which is accessible subject to further credit approval from the relevant lenders, enabling the company to increase the total facility quantum to USD200 million," Hunting adds.

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Helium One Global Ltd - London-based exploration & development company - Begins electrical resistivity tomography at Rukwa asset. Survey will probe area identified from phase I and phase II 2D seismic surveys. Will also investigate "surface helium anomalies identified in recently completed multispectral satellite spectroscopy study".

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Wildcat Petroleum PLC - targeting investment opportunities in businesses and assets within the upstream sector of the petroleum industry, including the use of blockchain within the sector - Names PETRO-TEC as petroleum consultants. "PT will be able to devise, implement, run and evaluate appropriate field development projects alongside WCAT," company says.

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Insig AI PLC - London-based machine learning and data science firm which serves the asset management industry, formerly known as Catena Group PLC - Picked for PwC's Scale FinTech programme, aiming to give access to new opportunities within the accounting firm and its clients. "After an extensive selection process, Insig AI was one of only nine companies this year chosen from more than 700 applicants from around the world. Insig AI is also the only FinTech with ESG expertise on the programme," Insig says.

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Octopus Renewables Infrastructure Trust PLC - London-based investment company focused on renewable energy assets in Europe and Australia - Declares 1.25 pence per share dividend for fourth quarter ended December 31. Notes 2021 payout totals 5.0p per share, meeting target. For 2022, it eyes 5.24p payout, up 4.8%.

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ImmuPharma PLC - London-based drug discovery and development company - Says UK Medical & Health Products Regulatory Agency approves pharmacokinetic study Lupuzor in Lupus patients. "Volunteers have been selected and approved for inclusion in the PK study," company says. Vounteer dosing to begin on February 15 and study on track to deliver results by end of first quarter.

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Ondine Biomedical Inc - Vancouver, Canada-based life sciences company focused on photodisinfection-based therapies - Treats first patients in phase 2 of US Food & Drug Administration nasal photodisinfection exploratory trial. "The study will evaluate how effectively the treatment eradicates pathogens -Staphylococcus aureus - in the nose, and the occurrence of surgical site infections within 30 days of surgery," Ondine adds.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
23 Jun 2022 12:12

IN BRIEF: Cadence Minerals sells working interest in Yangibana project

Cadence Minerals PLC - London-based investment company focused on mineral resources sector -Agrees to sell its 30% working interest in the Yangibana project tenements to the operator and owner of the remaining interest, Hastings Technology Metals Ltd. Sells its stake for AUD9 million, or GBP5.1 million. Explains that the transaction provides it with equity exposure to 100% of the project through its equity holding in Hastings.

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21 Jun 2022 22:13

TRADING UPDATES: Coca-Cola HBC and Pendragon shareholders show ire

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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25 Apr 2022 19:19

IN BRIEF: Cadence Minerals notes DEV selling fourth iron batch

Cadence Minerals PLC - London-based investment company focused on mineral resources sector - DEV Mineracao SA ships and sells the fourth batch of iron ore from stockpiles of Amapa iron ore project, made up of 48,492 wet tonnes.

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7 Apr 2022 21:58

TRADING UPDATES: Financials Acquisition raises GBP150 million in IPO

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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30 Mar 2022 13:29

IN BRIEF: Cadence Minerals to sell 31% stake in two lithium firms

Cadence Minerals PLC - London-based investment company focused on mineral resources sector - Enters conditional agreement to sell its 32% stake in Lithium Technologies and Lithium Supplies for AUD6.6 million, around GBP3.7 million.

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21 Mar 2022 19:11

TRADING UPDATES: Kavango eyes acquisition; PYX ups zicron price

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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18 Mar 2022 20:38

TRADING UPDATES: Angle US lab boost; Corcel to capitalise on nickel

(Alliance News) - The following is a round-up of updates by London-listed companies, issued this week and not separately reported by Alliance News:

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23 Feb 2022 21:39

IN BRIEF: Cadence Minerals raises GBP745,000 in open offer

Cadence Minerals PLC - London-based mineral investment and development company - Raised on Monday total gross proceeds of GBP745,000 via its open offer originally announced on February 4. The company says that the open offer take-up was around half of the 7.4 million shares available.

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4 Feb 2022 21:26

TRADING UPDATES: Cadence adds to fundraise; Sylvania profit up

TRADING UPDATES: Cadence adds to fundraise; Sylvania profit up

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3 Feb 2022 22:32

TRADING UPDATES: Cadence, Rambler Metals raise funds to help projects

TRADING UPDATES: Cadence, Rambler Metals raise funds to help projects

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2 Feb 2022 19:37

TRADING UPDATES: Portfolio updates from Scirocco, Tekcapital, MetalNRG

TRADING UPDATES: Portfolio updates from Scirocco, Tekcapital, MetalNRG

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14 Jan 2022 12:58

Cadence Minerals shares down as lithium option unwinds

Cadence Minerals shares down as lithium option unwinds

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29 Dec 2021 16:59

LONDON MARKET CLOSE: FTSE 100 rallies, shaking off record Covid cases

LONDON MARKET CLOSE: FTSE 100 rallies, shaking off record Covid cases

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29 Dec 2021 12:55

Cadence Minerals hails "greatest achievement" with Brazil iron deal

Cadence Minerals hails "greatest achievement" with Brazil iron deal

Read more

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