RNS Yes11 Jun 2025 07:11
Joint Venture and Strategic Partner Discussions
Cadence continues to believe that the optimal pathway to complete development is through a strategic joint venture or sale. The Company is in active discussions with several potential partners, ranging from early-stage data review to site visits.
Kiran Morzaria, CEO of Cadence Minerals, commented:
"We're pleased with the continued progress on environmental licensing at the Amapá Project, which brings us closer to restarting operations. While some additional studies have been requested, we've made good headway in addressing these and remain broadly on track with the licensing process.
Our phased development strategy allows us to target near-term production and cash flow while maintaining flexibility for full-scale development. With a low initial capex, competitive projected margins, and a relatively short lead time to production, we believe this approach will unlock meaningful value.
Discussions with potential strategic partners are progressing, and securing the necessary financing remains a key focus. We believe that the combination of the project's fundamentals and the work completed so far puts us in a strong position as we move toward the next phase of development."