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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: 3.65
Bid: 3.60
Ask: 3.70
Change: -0.05 (-1.35%)
Spread: 0.10 (2.778%)
Open: 3.70
High: 3.70
Low: 3.65
Prev. Close: 3.70
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UK TRADING UPDATE SUMMARY: Angus Energy Lands Offtake Pact With Shell

Wed, 12th Aug 2020 12:00

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

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Angus Energy PLC - UK-focused onshore oil and gas production and development company - Subsidiary Angus Energy Weald Basin No 3 Ltd enters into offtake deal with Royal Dutch Shell PLC division for entire production from Saltfleetby gas field, East Lincolnshire.

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Empire Metals Ltd - London-based exploration and development firm - Enters into option agreement to acquire 75% interest in Eclipse gold mining licence in Western Australia from Philips Exploration Pty Ltd. Acquires six-month option for AUD100,000 in cash, about GBP54,648, and AUD300,000 to be settled with issue of 9.4 million Empire shares at 1.75 pence each and issue of 9.4 million warrants exercisable at 3p each.

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Alien Metals Ltd - minerals exploration and development in Western Australia and Mexico - Appoints investment bank IBK Capital Corp to assist with project level funding process at Donovan 2 copper and gold asset in Mexico.

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Xtract Resources PLC - miner with asset in Mozambique - Total contractor alluvial mining contractor gold production at Manica concession in Mozambique up 21% quarter-on-quarter to 566 ounces from 467 ounces. Explorator attributable revenue from gold sales down 48% quarter-on-quarter to USD261,679.

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Galileo Resources PLC - explorer with projects in Botswana, Zambia and South Africa - Approves commencement of exploration programmes at Kalahari copper belt, Botswana.

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Altus Strategies PLC - Africa-focused mining royalty firm - Environmental impact assessment approved at Agdz silver and copper project in Morocco. "Key milestone" on way to securing a mining permit.

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Metal Tiger PLC - natural resources-focused investor - Notes announcement from 17%-owned investee Southern Gold Ltd on drilling results at Aphae project, South Korea. High-to-moderate grades of gold and silver intersections found.

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Cadence Minerals PLC - mineral resources investment company - Investee Macarthur Minerals presents updated mineral resource estimate from Lake Giles iron project, Australia. Measured mineral resource 53.9 million tonnes, indicated resources of 218.7 million tonnes and inferred resources of 997.0 million tonnes.

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Kingswood Holdings Ltd - London-based wealth manager - Strikes agreement to acquire 50% stake in US-based Manhattan Harbor Capital. Kingswood intends to invest up to USD8.0 million to grow its US offering which could give it a 67% stake in MHC.

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LMS Capital PLC - London-based investment firm - Leading an investment group aiming to acquire an interest in Romanian firm Dacian Petroleum. Dacian operates fields producing 1,400 barrels of oil equivalent per day. LMS Capital to invest total of USD9.1 million in loan and equity capital for 32% holding.

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NetScientific PLC - healthcare intellectual property commercialisation group - Portfolio firm PDS Biotechnology Corp prices underwritten public offering of 6.0 million shares at USD2.75 each, raising total of USD16.5 million. NetScientific subscribes for 236,000 shares for GBP500,000.

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RTW Venture Fund Ltd - life sciences-focused investment firm - Participates in Series A financing round in Shanghai-based biotechnology firm Ji Xing. Alongside other funds managed by investment manager, RTW Venture invests USD5 million.

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Checkit PLC - Cambridge-based workflow management firm - Revenue in six months to July 31 up more than double to GBP6.4 million from GBP3.2 million.

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Boku Inc - US-based mobile payments solution provider - Recently-acquired Fortumo launches carrier billing partnership with Myanmar mobile operator Mytel. Mytel customers can pay for games, app purchases and digital services by charging them to postpaid phone bills or prepaid SIM cards.

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Northbridge Industrial Services PLC - Burton on Trent-based industrial services and rental company - Revenue in six months to June 30 down 4.8%, performance hailed as "resilient" amid Covid-19. Notes decrease in revenue to be mostly offset by operating cost cuts.

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Accsys Technologies PLC - London-based wood building products firm - Forms joint-venture with New York-listed Eastman Chemical Co named Accoya USA LLC. Partnership plans to construct wood production plant to support US market. Accsys share of initial engineering and design costs expected around EUR1.5 million.

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Hawkwing PLC - cash shell - Enters into "final stages" of move to Main Market from AIM.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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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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1 Dec 2023 14:29

TRADING UPDATES: N4 launches investor hub; Capricorn production falls

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

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