Member Info for Mullins58

Oh , and video's

Best advice , read the RNS's over the last year. ATB

0.0185 last traded volume through the roof !

Alba Mineral Resources

LSE:ALBA

10:41AM 30/09/2025

Dear Keith

Thanks very much - we are working to clear the works mandated by the Mines Inspector so we can get blasting again.

Kind regards

Very positive

Together, these steps establish a clear sequence: licensing, construction, recommissioning, first production, and cashflow.

Directors Subscription

The Directors of the Company have subscribed to the Directors Subscription under the same terms as the Subscription for £0.18m, with the directors participating as follows:

Director

Subscription Amount

No. of New Ordinary Shares subscribed for

Resulting shareholding in the Company

% shareholding in the Company's issued share capital as enlarged by the New Ordinary Shares

Andrew Suckling

(Non-Executive Chairman)

£60,000

2,000,000

3,981,602

0.98%

Kiran Morzaria

(Chief Executive Office)

£30,000

1,000,000

5,429,807

1.34%

Donald Strang

(Finance Director)

£60,000

2,000,000

4,557,545

1.12%

Adrian Fairbourn

(Non-Executive Director)

£30,000

1,000,000

1,731,005

0.43%

Total

£180,000

6,000,000

15,699,959

3.87%

Azteca Update and Use Funds

As previously outlined; by restarting the Azteca Plant with modest upfront capital we can generate near-term revenue, reinforce our licence to operate, and showcase the quality of Amapá's product to the market. At the same time, we are laying the foundations for the full 5.5 Mtpa operation - a low-cost DR-grade project with a US$1.97 billion NPV.

Cadence has now secured its participation in the Azteca financing. The Company will contribute approximately 11% of the Azteca Plant capital expenditure, with the balance funded by its offtake partner. This agreement is expected to cover all refurbishment and working capital requirements to bring Azteca into a cashflow-positive position. Once operational, it is anticipated that free cashflow from Azteca will fund the Definitive Feasibility Study (DFS) and early development works for the broader Amapá Project.

Initial sampling results confirm the grades anticipated, with final results on the remaining samples expected shortly. The definitive funding agreement is at an advanced stage and stipulates that financing is payable on execution. The proceeds of the Subscription ensure Cadence can execute once the definitive agreement is finalised and the remaining samples processed.

Together, these steps establish a clear sequence: licensing, construction, recommissioning, first production, and cashflow.

In addition to Cadence's Azteca contribution, the net proceeds of the Subscription will fund Amapá project costs outside of the Azteca refurbishment until the operation reaches a cashflow-positive position. They will also be applied to repay the outstanding convertible loan facility, thereby strengthening the Company's balance sheet.

This phased approach means that while today's equity raise introduces dilution, it provides the essential bridge to early revenues. Once Azteca is in production, Cadence does not expect to fund the DFS and early works from further equity.

Andrew Suckling, Chairman, commented:

"The successful funding of Cadence's Azteca commitment represents another major milestone in the staged development of Amapá. With this capital secured, we are able to move forward with confidence into a phase that delivers near-term revenue and establishes the financial and operational foundation for long-term growth."

Kiran Morzaria, Chief Executive Officer, added:

"This financing is a pivotal step for Cadence. Although equity dilution is never taken lightly, it is the pragmatic way to unlock near-term revenues and move Amapá into production. By securing our contribution to the Azteca restart, we are laying the foundation for a self-funding development pathway - one that delivers cashflow, and drives long-term value for shareholders.

Funding Secured for Cadence's Participation in the Azteca Plant Offtake via Equity Subscription of £2.16 million; Directors Subscription of £0.18 million and Retail Offer to raise up to £0.2 million

Cadence Minerals (AIM: KDNC) is pleased to announce that it has successfully raised its portion of the capital required to fund the restart of the Azteca Plant in Brazil. Cadence has received subscriptions to raise £2.16 million through the issue of 72,000,000 new ordinary shares of 1 pence each in the Company ("Ordinary Shares") at a price of 3 pence per Ordinary Share ("Issue Price") (the "Subscription"). In addition, the Directors have directly subscribed to the Company for 6,000,000 Ordinary Shares at the Issue Price ("Directors Subscription") utilising existing authorities to allot shares.

Highlights

· Funding Secured - £2.34m raised (including £2.16m Subscription and £0.18m Director Subscription), ensuring Cadence can meet its contribution to the Azteca Plant financing.

· Early Cashflow Catalyst - Restart of the Azteca Plant expected to produce c.380,000 tpa of 65% Fe concentrate with modest upfront capital, forecast to deliver approximately US$32m free cashflow over three years.

· Attractive Returns - Cadence's 10-15% contribution to the US$4.6m Prepay is expected to generate a c.70% IRR, with cashflow positive operations from the first shipment.

· Strategic Reinvestment - Free cashflow from Azteca will fund working capital, operations, the Definitive Feasibility Study ("DFS") and early works for the full 5.5 Mtpa DR-grade Amapá Project (NPV US$1.97bn).

· Disciplined Pathway - This financing alongside the anticipated offtake agreement provides all capital to bring the Azteca into production and provide the near-term cashflow to fund the DFS and early works and the Amapá Project.

Https://www.londonstockexchange.com/news-article/KDNC/funding-secured-for-azteca-offtake-agreement/17254661

Being made across a number of fronts. Transformational news flow over the coming months, expecting the SP to respond accordingly. ATB

Https://www.mining.com/web/trump-team-eyes-wall-street-tool-to-add-clout-in-critical-minerals/

Https://www.mining.com/web/trump-team-eyes-wall-street-tool-to-add-clout-in-critical-minerals/

Yep , and filtered.

D ,

thanks mate

Significant

With the final permit having been approved by the provincial governor, the construction contractor has mobilised to install the transmission line extension that will connect Heron-1 to the national electricity grid. This involves the construction of 1.2km of overhead 10kV transmission line and a substation at Heron-1 to connect to the existing electrical distribution system. The work is expected to be completed by mid-October. A 15% saving in operating expenditure is targeted from this work.

Ian Pearson, Chairman of EQTEC, commented:

"EQTEC continues to face near-term volatility as customer and partner circumstances evolve, but the long-term opportunity remains compelling. International policy momentum towards Sustainable Aviation Fuel and advanced biofuels aligns strongly with our technology and commercial strategy. With gross margins improving, a leaner operating model, and validation of our synthetic fuels pathway, we remain confident that EQTEC can attract the right partners and investors to deliver on its potential."

David Palumbo, CEO of EQTEC, commented:

"While external headwinds have constrained revenue growth in H1 2025, we have maintained strong gross margins and continued to advance strategically important projects in Europe and the USA. Our ability to validate synthetic fuels production and attract interest from new strategic investors demonstrates the long-term potential of our model. We remain focused on cash preservation and disciplined execution, while positioning EQTEC for future growth as mandates and investor appetite for advanced fuels accelerate."

Https://www.londonstockexchange.com/news-article/EQT/interim-results/17252353

Nicholas Lee, Director of Mindflair, commented:

"The Company has continued to make excellent progress in the first half of 2025 with a significant investment realisation through the disposal of Getvisibility. This marks the fourth realisation from SVV1 and provides the Company with a strengthened cash position to support its investment strategy.

"SVV2 and SVV3 have continued to make a number of new investments in exciting high growth AI companies, and Mindflair continues to provide investors with an excellent opportunity to gain exposure to a portfolio of AI focused companies curated by a team of experts in a sector which continues to be at the forefront of technology development. The AI sector continues to represent an attractive area for investment with significant global funds being deployed in this area. Mindflair is well positioned to benefit from this focus and represents an excellent way for public market investors to gain exposure to this investment class."

Https://www.londonstockexchange.com/news-article/MFAI/half-year-report/17252289