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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: -0.10 (-2.70%)
Spread: 0.20 (5.714%)
Open: 3.70
High: 3.70
Low: 3.60
Prev. Close: 3.70
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TRADING UPDATES: Triple Point Social quarterly net asset value up

Fri, 26th May 2023 14:13

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

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Lift Global Ventures PLC - financial media and energy sector focused investor - Says its investee Miriad Ltd launches 'Zaks Traders Cafe' online channel social media hub. It covers "everything from microcaps to macro predictions", and helps traders and investors gain an edge and uncover hidden gems. Chief Executive Officer Zak Mir says: "I am delighted to launch 'Zaks Traders Cafe', a uniquely positive and helpful platform which gives clients access to one of the largest followings among UK stock market commentators."

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IQE PLC - Wales-based compound semiconductor wafer product supplier - Launches a new portfolio of 200 millimetres red, green and blue epitaxial wafer products for microLED display qualification. Says MicroLEDs based upon gallium nitride and gallium arsenide semiconductors are a disruptive new display technology which is being designed into multiple new platforms such as wearables, augmented and virtual reality headsets and large format displays. The launch will provide customers with "faster time-to-market options for display level qualification", the firm says.

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Haydale Graphene Industries PLC - Ammanford, Wales-based graphene technology company - Says it is named to be a key contributor to Viritech's development of fuel cell hydrogen electric vehicles. Viritech is a developer of high-performance hydrogen powertrain solutions for the automotive industry. Haydale says Viritech has won a three-year hydrogen fuel cell E-Transit trial from Ford Motor Co. So it will "lead the development of new functionalised materials and resins for Type V pressure vessels to support Viritech's proprietary integrated mounting system Graph-Pro". Says the project is being funded by the Advanced Propulsion centre with GBP8 million awarded by government, matched by industry to a total of GBP16.3 million.

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Triple Point Social Housing REIT PLC - London-based real estate investment trust - Net asset value stands at 111.54 pence per share on March 31, up 2.3% from 109.06p on December 31. Says the increase is due to rental growth in the portfolio. Says the positive impact of rental growth on the valuation of the firm's properties "was partially offset by a slight outward movement in valuation yields across the portfolio, reflecting wider market conditions, and further outwards yield adjustments attributable to properties leased to Parasol Homes". Parasol is a provider in material rent arrears. For 2023, targets an aggregate dividend of 5.46 pence per share. Declares dividend for January 1 to March 31 of 1.365 pence per share.

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Solgenics Ltd - Mozambique-focused renewable energy development company, formerly known as Ncondezi Energy Ltd - Enters USD230,000 loan with director and company controlled by director, to cover delisting costs and to fund its working capital requirements up to the end of the second quarter. Says it has been running a development funding process to raise capital to fund both the bankable feasibility study project and working capital costs during the BFS programme.

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Cadence Minerals PLC - London-based early stage investment and development company within the mineral resource sector - Notes investee firm ASX listed Evergreen Lithium Ltd has received geochemical results at the Kenny project in Western Australia. Identifies Rare Earth Element targets. Head of Exploration Jason Ward says: "Geochemistry from our phase 1 soil auger sampling program has detected several anomalies in the rare earth minerals Cerium, Lanthanum and Yttrium. We are now undertaking further assays to determine the total rare earth oxide of these samples, so that we can consider this information in our prioritisation of drill targets."

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Kromek Group PLC - Sedgefield, England-based detection technology supplier - Raises GBP1.0 million via the open offer, raising gross proceeds of about GBP8.0 million from total fundraise.

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By Xindi Wei, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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7 May 2024 20:22

TRADING UPDATES: Abingdon Health buys IVDeology Holdings

(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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18 Apr 2024 14:38

Cadence Minerals submits Amapa Project environmental reports early

(Alliance News) - Cadence Minerals PLC announced on Thursday it had submitted environmental reports ahead of schedule for the licencing of its Amapa Ore Project.

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11 Apr 2024 10:53

UPDATE: European Metals produces lithium hydroxide monohydrate

European Metals Holdings Ltd - Czech Republic-focused mineral exploration and development - Produces lithium hydroxide monohydrate from pregnant leach solution, which was manufactured during the recent larger-scale Cinovec pilot programme. Says the pilot programme confirms the viability of the lithium chemical plant process flow sheet for the industrial-scale production of lithium carbonate and lithium hydroxide. Chair Keith Coughlan says: "We are extremely pleased with the results from the lithium hydroxide test program. The lithium hydroxide produced was of the highest grade possible and exceptionally clean. This, when combined with the ability to produce either battery-grade lithium carbonate or hydroxide, enables a wider range of off-takers for the Cinovec product." Cadence Minerals PLC, an investment and development company focused on energy transition minerals which owns a 3.2% stake in European Metals, positively notes the firm's update.

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9 Apr 2024 16:04

TRADING UPDATES: Beowulf consolidates Vardar; GIF outpaces benchmark

(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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5 Apr 2024 14:10

IN BRIEF: Cadence Minerals down 33% on discounted fundraise

Cadence Minerals PLC - investment and development company focused on energy transition minerals - Announces successful fundraise of GBP500,000 through the placing of 16.7 million new shares at a price of 3 pence each. The issue price represents a roughly 43% discount to the company's closing price of 5.25 pence on Thursday. Admission of the new shares to the AIM market of the London Stock Exchange is expected to occur by April 11. Cadence also issues one warrant for each new share, giving subscribers rights to acquire one additional share per warrant held. The warrants are exercisable at a price of 5p each and expire in March, 2025.

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28 Mar 2024 14:27

Cadence Minerals "enthused" as increases stake in Amapa project

(Alliance News) - Cadence Minerals PLC announced on Thursday that it increased its investment in the Amapa iron ore project in Brazil.

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27 Mar 2024 12:20

Cadence Minerals expects review at lithium project to improve outcome

(Alliance News) - Cadence Minerals PLC announced on Wednesday that a review is underway at the Cinovec lithium project in the Czech Republic.

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22 Mar 2024 16:29

Cadence Minerals upbeat on capex optimisation work

(Sharecast News) - Cadence Minerals announced the culmination of its capital expenditure optimisation programme at the Amapá Iron Ore Project on Friday, marking a significant milestone towards operational efficiency and sustainability.

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22 Mar 2024 11:58

Cadence Minerals completes capex scheme, finds USD63.2 million savings

(Alliance News) - Cadence Minerals PLC announced on Friday the successful completion of a capital expenditure optimisation programme at its Amapa project in Brazil, alongside identifying USD63.2 million in cost savings.

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14 Mar 2024 18:26

TRADING UPDATES: Horizonte subsidiary hit with debt injunction

(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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14 Mar 2024 13:48

Cadence Minerals investee Evergreen reports progress at Bynoe

(Sharecast News) - Cadence Minerals updated the market on its investee company, ASX-listed Evergreen Lithium, on Thursday, after the latter disclosed significant developments in its phase three geochemical soil sampling programme at Bynoe in Australia's Northern Territory.

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8 Mar 2024 20:04

TRADING UPDATES: Celadon hails early results of chronic pain trial

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

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29 Jan 2024 14:06

European Metals extends exploration licences for Cinovec project

(Alliance News) - European Metals Holdings Ltd on Monday said it had granted an extension to all four Cinovec exploration licences.

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22 Jan 2024 12:34

IN BRIEF: Cadence says Evergreen gets AAPA approval for Bynoe project

Cadence Minerals PLC - London-based investor backing mineral resource assets - Notes Evergreen Lithium Ltd's receipt of its Aboriginal Areas Protection Authority Certificate for the Bynoe project in the Northern Territory in Australia, where the Cadence has identified multiple large and significant lithium pegmatite targets for drill testing. The AAPA is responsible for overseeing the protection of Aboriginal sacred sites on land and sea across the whole of Northern Territory. Cadence holds 15.8 million shares, equivalent to 8.7% of the issued share capital of Evergreen and is its largest shareholder.

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22 Dec 2023 11:44

IN BRIEF: European Metals shares fall 20% as Cinovec work delayed

European Metals Holdings Ltd - Czechia-focused mineral exploration and development company - Says delivery of definitive feasibility study for the Cinovec lithium project in the Czech Republic is now scheduled for the first quarter of 2024. Says approval granted for timetable extension so Geomet and project study team, DRA Global and Bara Consulting, can complete capital and operating cost estimation, and project implementation scheduling. Says process of obtaining sufficient and diverse proposals, from "numerous" external suppliers and contractors, will take longer than originally planned. Company "believes it is prudent to allow the necessary time to complete the study to the highest standard". Says it does not expect extension to impact the overall project timeline, and that permitting is "already well underway". Cadence Minerals PLC, which holds approximately 5.3% of the equity in European Metals, is "pleased to note" the announcement.

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