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IN BRIEF: Cadence Minerals sells working interest in Yangibana project

Thu, 23rd Jun 2022 12:12

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.

Current stock price: 11.24 pence

12-month change: down 55%

By Abby Amoakuh; abbyamoakuh@alliancenews.com

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