Member Info for jimb2

@Struv,

35% to 80% - I would settle for tomorrow on the confirmation, I won't be disappointed if more!

@Bannor,

The Dev Mineracao news in the publications is on the on the very last page 168 of 168, so if they enter as licensing gets granted it would suggest it was late on April 30th so with labour day being 1st May it very likely was late getting on the portal, with five hours difference that could be between 18:00 and 23:00 Thursday in the UK.

With Friday being a bank Holiday we may just have missed out on the communication window.

The edition is finalised at the end of the day

The electronic version is generally:

“signed and made available before 18:00”

Submission cut-off for same-day publication:

Around 17:00 Brazil time

Seems very plausible to me!

Yes, I understand @Bannor,

Some possible reasoning:

1. Verification & Direct Confirmation

UK-listed companies typically wait for direct written confirmation from the regulator (SEMA) before announcing material permits. Publication in the Diário Oficial is a public record, but Cadence may be:

Awaiting formal notification letters addressed to DEV Mineração S.A.

Verifying the exact scope, conditions, and validity period of the LI

Confirming there are no outstanding contingencies attached.

2. Market Abuse Regulation (MAR) Compliance

Under UK MAR rules, Cadence must carefully assess whether information constitutes "Inside Information" requiring immediate disclosure. They may be:

Reviewing the license text to confirm it covers all planned Azteca works

Assessing whether any conditions could impact the June 2026 commissioning timeline

Coordinating legal review before releasing price-sensitive information

3. Joint Venture Structure Complexity

The license was granted to DEV Mineração S.A. (the Brazilian operating entity), not directly to Cadence Minerals plc. Cadence holds a 36.2% stake

www.investormeetcompany.com

. This means:

DEV/SEMA communications may need to be formally shared with Cadence Brazilian partners may control the timing of local vs. international announcements, Translation and verification of Portuguese legal documents takes time.

4. Timing & Administrative Workflow

The Gazette was published April 30, 2026 – very recently

UK market announcements typically go out during London trading hours (7am-4:30pm BST)

If the Gazette published late on April 30 (Brazil time), Cadence's team may still be processing the information

5. Strategic Announcement Coordination

Cadence may be preparing a comprehensive update that includes:

Confirmation of LI grant

Updated Azteca refurbishment timeline

Next steps toward Licença de Operação (LO)

Potential production guidance

Rather than issuing a brief "license received" notice, they may prefer a substantive operational update.

See what the reaction is tomorrow and as I've been repeating for a few weeks with the Gold element and our agreements in place with 'neighbours' I'm reasonably confident Starboard/Amapa Minerals will get mentioned sooner or later!

Good luck to LTH's and new investors alike, let's hope this is the company making!

@Bannor,

My search has been consistent and the news only showed this afternoon with nothing showing earlier plus Friday was labour day:

The DOE/AP is a daily weekday publication, but timing gaps around weekends and holidays are normal — which can delay when approvals become visible publicly.

Let's hope its the full requirement!

fingers crossed!

For those who want to see the announcement:

https://diofe.portal.ap.gov.br/portal/edicoes/visualizar_pdf/9927/

Page 168

Português: DEV MINERAÇÃO S.A., CNPJ: 06.030.747/0002-50, torna público que RECEBEU da Secretaria de Estado do Meio Ambiente (SEMA) a LICENÇA DE INSTALAÇÃO referente à reforma e substituição das estruturas físicas da área operacional e à construção de 02 novos prédios (um para o novo circuito de separação magnética da Moagem 1 e outro para o novo moinho de bolas e peneiras de alta frequência), com fins de reativação da atividade de extração e tratamento de minerais por lavra a céu aberto (minério de ferro e ouro) com beneficiamento, incluindo UTM a úmido para beneficiamento de minério de ferro, pilhas de estéril e barragem de rejeito, CNAE 07.10-3-01 – extração de minério de ferro.

English: DEV Mineração S.A., CNPJ: 06.030.747/0002-50, hereby announces that it HAS RECEIVED from the State Secretariat for the Environment (SEMA) the INSTALLATION LICENCE relating to the refurbishment and replacement of physical structures in the operational area and the construction of two new buildings (one for the new magnetic separation circuit of Grinding 1 and another for the new ball mill and high-frequency screens), for the purpose of reactivating open-pit extraction and processing of minerals (iron ore and gold) with beneficiation, including wet processing (UTM) for iron ore beneficiation, waste rock piles and a tailings dam, CNAE 07.10-3-01 – extraction of iron ore.

GLA

@Witty,

make that 90% this week if my ChatGPT AI search is to be trusted, RNS 7:00 I would guess:

Summary:

On 30 April 2026, DEV Mineração S.A. received the Installation Licence (Licença de Instalação) from the State Secretariat for the Environment (SEMA), as published in the Amapá Official Gazette.

This licence authorises the refurbishment and replacement of existing operational structures and the construction of two new processing buildings.

It permits the restart of open-pit mining activities for both iron ore and gold.

It also allows full processing and beneficiation of iron ore, including wet processing systems.

In addition, the licence covers the use of waste rock piles and the tailings dam required for operations.

Overall, this means the project is now legally approved to proceed with construction, plant restart, and mining operations, subject to standard licence conditions.

Looks to be the news we have waited for - as always DYOR

@Witty, I would give it 50% chance, what's really important is that there's no further requirements showing across the different approval authorities, I have ChatGPT checking the expected platforms for publications, its reporting:

Importantly, none of the usual indicators of new requirements are present. There are no signs of requests for additional information, further studies, or unresolved technical issues, and there is no negative public or regulatory noise. If new requirements had emerged, these would normally be visible in some form.

Overall, this means the project is no longer waiting on additional work or approvals in principle, but rather on the final administrative steps being completed. In simple terms, everything appears to be in place, and the process is now down to formal sign-off and publication of the licence.

For a mining project, I would say its as advanced as it can be as it appears now just awaiting the final installation licence and considering that has been the reported status for a few weeks it now looks to be process in play.

5 hours behind Amapa - London

Off topic slightly, as DCES posted about Donut Lab late yesterday - strangely his first post in 6 months it did bring back memories of the prolific tipster maddog38 and his 18p buy on BEM at 18p now worth -99.2%..connection Finland where BEM have the Graphite flake project, could be a risky punt for battery materials in Europe.

Now here's a spread today BEM buy 7p sell 4p - is this the widest spread on AIM?

No but I have been watching closely, and did see that, you will also notice how upbeat I am about ICSID Sonora lithium.

Plus, had the good wife taken 12K here and 8K in EMH for this year's ISA.

Battery tech is developing so fast!

Can't be sure but I hope as we are operating in Brazil and likely shipping to China BRICS nations will help?

AI suggests the reporting will be:

Installation Licence (LI) – SEMA

Published in the Diário Oficial do Estado do Amapá (DOE/AP).

Listed as “Licença de Instalação nº XXXX/2026 – SEMA/AP”.

Includes company name, validity, and conditions (“condicionantes”).

Typically published early morning (Brazil time).

Company announcement usually follows the same day or within 24 hours.

This is the main trigger confirming project approval.

Water Abstraction Licence (Outorga de Uso de Água)

Also published in DOE/AP.

Listed as “Outorga de direito de uso de recursos hídricos”.

Includes process number, water source, and usage limits.

Issued by SEMA/AP water resources division.

May appear separately or referenced within broader licensing.

Often not highlighted unless it was a key blocker.

Tailings Disposal Approval

Usually not a standalone licence.

Often included within the Installation Licence conditions.

May appear as “autorização para disposição de rejeitos”.

Can also be issued via SEMA technical approvals or portarias.

Typically buried in regulatory text rather than announced separately.

IPHAN Archaeological Clearance (via TAC)

Managed by IPHAN (federal authority).

Completed via a TAC (Termo de Ajustamento de Conduta).

May not be clearly published.

Sometimes appears in the federal gazette, often does not.

Usually referenced indirectly within the Installation Licence.

How it works in practice

Approvals are completed internally first.

The Installation Licence is issued last.

The LI confirms all requirements are satisfied.

What you will actually see

One key publication: “Licença de Instalação concedida”.

Other approvals may not appear clearly or separately.

The LI effectively confirms:

Water licence approved.

Tailings approval approved.

IPHAN clearance completed.

Bottom line

Do not expect four separate announcements.

The Installation Licence is the only signal that matters.

Once published, the project is fully cleared to proceed.

Well good to see you have bought in much lower than today's price @Coffeenut, I'm expecting a blue week, GL

Interesting plan @Coffenut this close to potential company making news!

Are you setting an upper limit?

If so what's your upper buy price for May and say August if shipments commence?

I'm hoping the SP is much higher in coming days, but fair play to you stating your intentions adding monthly if I'm correct with that does show some confidence from an LTH. Plus you are not alone a few have said similar including @cheshiredentist on Friday.

Good to see!

Yes, steady sell quote 5.03p from 2K to 700K then NT above 700K - MM's housekeeping...I think we will move very quick on the right news..

Dummy sells are steady now 250,000 - 550,000 4.85p - NT above on Barcs

@Nickcook1977,

if we get the licencing, I would expect 3 to 5 bagger and if Azteca starts shipping possibly double again, good luck! Perhaps at the point Azteca licensing is announced other outcomes come into play - JV's, full project finance or buyout, if not at licensing the same could happen around production as DFS is on the horizon.

Plenty of opportunity for quick gains, if all fails I'll bury my head until Sonora is settled and hope that covers my investment.

@Scaffman,

I don't believe other deposits have had the geological surveys and can give proven recoverable lithium, so in a nutshell Sonora as it stands holds 95%+ of recoverable lithium, so 1.7mt - 1.65mt = 50,000 x 5.3 = 265,000t LCE for the other projects.

That's a good post and not unexpected, I do believe we are seeing a disruption spike unfolding due to the Iran situation:

Always worth a look in at the prices:

https://www.asianmetal.com/Lithium/

Also CATL have launched a mining subsidiary investing $4.4bn for battery minerals:

CATL's investment comes amid strong financial performance across the battery manufacturing sector. The company posted a net profit of 20.74bn yuan (US$3bn) for the first quarter of 2026, up 48.5% from the fourth quarter of 2025 and ahead of market expectations, according to company financial statements.

Mexico are really screwed with Trump - Canada are probably going to make big demands in their favour when the USMCA comes up in July, Carney will not buckle to Trump and I can see even stronger ties with China - where does that leave Mexico?

Trump's love of oil and lining the pockets of the US oil backers will IMVHO backfire, a new era in energy is upon us where energy security doesn't have oil or coal as the must have - battery storage! + wind, solar and nuclear with hydrogen playing a part - nice recent rises for CWR and ITM holders - two I held in the past but stuck here at the moment.

GL - I'll take 3-4% raise each day (hopefully) until we get the news!

Battery storage is so cheap now - plenty of news coming from Ed Miliband:

Ed Miliband will deliver a major address on Tuesday, setting out fresh energy measures designed to tackle the crisis triggered by the conflict with Iran.

The Energy Secretary intends to reaffirm Labour's dedication to achieving Net Zero, arguing surging fossil fuel costs demonstrate the urgent need for Britain to embrace renewable power.

He is expected to say: "As we face the second global energy shock in less than five years, the lesson for our country is clear; the era of fossil fuel security is over, and the era of clean energy security must come of age."

Should see a few stock tick up tomorrow.

Sonora!

@Witty, I'm repeating posts from weeks back, just my findings: cut & pasted.

The people behind Tucano Gold could easily take on our project rail and port, read the transcript and look at their history!

https://selesnafes.com/2025/09/novo-acionista-de-mina-de-ouro-da-detalhes-do-plano-para-retomar-atividades-no-ap/

Respondent: Translated

Respondent:

Well, the transaction was finalized quite recently—just last Friday—but logically, we’ve been studying and preparing even before formally entering the company. Our intention now is to concentrate substantial resources over the coming months—including labor, external services, and new equipment. As you know, the plant has been idle for about three years, especially the processing plant, which is severely worn out and requires roughly six months of rehabilitation and revitalization work.

Starboard. It’s 100% Brazilian—a Brazilian asset management firm headquartered in São Paulo and Rio de Janeiro. We specialize in what the market calls “special situations”—that is, complex investment opportunities. We identify such opportunities, invest capital entrusted to us by our investors (our unitholders), and actively manage the companies we acquire.

Our goal here isn’t just to restore production and ensure long-term sustainability—e.g., securing additional reserves—but also to pursue growth. That’s always our approach. So, we foresee several years of dedicated work ahead.

We often measure only the direct impacts—royalties and taxes—but the indirect, sometimes intangible, effects are highly relevant: revitalizing the local economy, generating formal employment, and restoring broader economic momentum.

Add to that:

If you look at the latest presentation slide 13 and 22, the corridor has further expansion potential all dependant on the railroad.

https://www.cadenceminerals.com/wp-content/uploads/2026/02/Cadence-Jan-2026-updated.pdf

KM Interview September 2025:

https://youtu.be/MbetSV2OBxI?si=oqfZm6nA2I_Ea0vu&t=1962

*Brazilian Finance*

Of course a JV is possible and that would suit me, whether for the full Amapa iron ore project or the port and railroad!

@Witty, They possibly would be up for some interest in the railroad and port, but if the full project I think early on.

They tend to be bargain hunters from what I understand through searching.