Member Info for Mullins58

Kiran Morzaria, Chief Executive Officer of Cadence Minerals, commented:

"The resolution of these historic municipal matters represents an important step in resetting the Project's operating environment and removing long-standing administrative uncertainty inherited from prior ownership. While all regulatory decisions continue to follow Brazil's established statutory processes, this settlement provides clarity and stability as we advance the next stage of Amapá's staged redevelopment.

Together with recent progress on Azteca financing and ongoing licensing work, these developments reinforce our disciplined strategy focused on risk management, capital discipline and long-term value creation."

Cadence Minerals provides an update on the Amapá Iron Ore Project ("Amapá" or the "Project"), covering the resolution of long-standing municipal legacy matters, recent technical engagement with representatives of the State of Amapá, and continued progress across the Company's staged redevelopment strategy.

Amapá Project - Municipal Settlement, Technical Engagement and Development Progress Update

Highlights

· Municipal Legacy Resolved: DEV Mineração S.A. has completed the first payment under a court-ratified settlement with the Municipality of Pedra Branca do Amapari, resolving the final material municipal legacy issues inherited from prior operators.

· Non-Technical Risk Reduced: The settlement removes historic municipal impediments, lifts ore transport restrictions and improves administrative clarity for routine permitting.

· Capital Discipline Maintained: The settlement is funded by DEV under its Judicial Recovery Plan. Cadence has made no direct municipal payments.

· Regulatory Pathway Clearer: Municipal matters have been resolved, allowing continued progression through Brazil's statutory licensing process, subject to technical and regulatory review.

· Project Alignment Reinforced: Recent technical engagement with the State of Amapá provided context on the Project's staged development and financing framework, without altering the regulatory process.

Https://www.londonstockexchange.com/news-article/KDNC/amapa-project-update/17372809

Some great posts, much appreciated. Hagwe

Oce, don't forget, alot of Alba investors have invested to have access to Groc which, also has REM's on Greenland.

One will do for me , at my age !

Website

You can register to get updates and ask questions , which always get answered

https://albamineralresources.com/

Nicholas Lee, Director of Mindflair, commented:

"Vizgard's selection for NATO's DIANA programme is a strong endorsement of its technology and strategic relevance within defence and security markets. It clearly supports our conviction of Vizgard's long-term growth potential."

FILTERED

I think they have been in negotiations for months , agreement will be signed shortly.

Steady Progress made. Mike is doing a great job. Looking forward to 2026. ATB

Yes , read the RNS.

The visit provides an opportunity to outline the development pathway for the 5.5 Mtpa integrated DR-grade iron ore operation, including the associated rail and port upgrades.

Mike Buck, CEO of Petro Matad, said:

"We have had Petro Matad's most productive month to date as a result of Gazelle-1, our second producer, coming onstream and we are delighted to have established reliable operations and export of this production before the onset of winter. We are also pleased to have seen tangible progress in resolving the issue of the revenue withholding with PetroChina.

On the project to farm out Block XX, we are encouraged by the progress and by the proposal we have received. We are working hard to secure a good deal for Petro Matad and in parallel we continue to work on engaging counterparties that may be interested in Block VII and will update shareholders as we progress.

SRE is making quite an impact on the Mongolian renewables scene and whilst some of the projects have moved more slowly than we had hoped, we are very hopeful that the 200MW Hybrid project with TME can be brought quickly to ready-to-build status during the coming year."

Block XX farm-out

We have received a proposal from one of our counterparties to farm-in to Block XX. We have hosted their due diligence visit to Mongolia and to the Block XX facilities, and discussions are continuing, focused on bringing this potential cooperation to a mutually agreeable conclusion. Meanwhile we continue to follow up on leads with two other potentially interested parties.

Amapá Project Update and Technical Visit Relating to the Amapá Iron Ore Project

Cadence Minerals Plc ("Cadence" or the "Company") confirms that, together with its joint-venture partner DEV ("PBA"), it is hosting a technical visit by Wandenberg Pitaluga Filho, President of the Economic Development Agency of Amapá, Brazil.

The visit provides an opportunity to outline the development pathway for the 5.5 Mtpa integrated DR-grade iron ore operation, including the associated rail and port upgrades. Meetings will be introductory and non-binding and are intended only to support the State's understanding of the Project's long-term scale and capital formation framework.

Azteca Licensing Update

Following the completion of the prepayment offtake financing earlier this month, Cadence and PBA have advanced the technical workstreams required for the environmental licensing of the Azteca (Dyke 3) plant.

The Azteca facility represents the first stage of the Amapá redevelopment strategy, providing early production capability and a platform to generate cash flow to fund the Definitive Feasibility Study ("DFS") and other capital projects and subsequent phases of the project. The Company will update the market as material milestones are achieved.

Https://www.londonstockexchange.com/news-article/KDNC/amapa-project-update/17370561

Key updates

· Heron-1 and Gazelle-1 have produced well through November making it Petro Matad's most productive month to date.

· Heron-2 re-test shut in for the winter.

· The rewording of the Oil Sales Agreement is being finalised with PetroChina in order to remove its partial withholding and secure payment of the withheld amount. Only the matter of tax on processing fees remains to be resolved and this is relatively minor. The 2026 Oil Sales Agreement is being prepared incorporating the amendments to the 2025 contract.

· A proposal to farm-in to Block XX has been received and is under discussion.

· SunSteppe Renewable Energy is progressing three projects and is focusing efforts to expedite its 200MW hybrid project to ready-to build-status during 2026.

Https://www.londonstockexchange.com/news-article/MATD/operational-update/17370544

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