Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCadence Mineral Regulatory News (KDNC)

Share Price Information for Cadence Mineral (KDNC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 4.99
Bid: 5.00
Ask: 6.00
Change: 0.00 (0.00%)
Spread: 1.00 (20.00%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 4.99
KDNC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Update - Macarthur Minerals

12 Sep 2018 09:36

RNS Number : 5360A
Cadence Minerals PLC
12 September 2018
 

Cadence Minerals Plc

("Cadence Minerals", "Cadence" or "the Company")

 

Macarthur Minerals (TSX-V: MMS) appoints Capstan Capital Partners as Exclusive Advisers to Advance Its Significant Iron Ore Projects in Australia.

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note that Macarthur Minerals ("Macarthur", TSX-V: MMS) has entered into an exclusive advisory agreement with UK based Capstan Capital Partners LLP ("Capstan") to seek the necessary funding required to advance Macarthur's significant iron ore projects located in Western Australia.

 

Highlights:

· Macarthur owns 100% of the Macarthur Iron Ore Projects, which are located on approved mining tenements covering approximately 62 km2 and are located 175 km northwest of Kalgoorlie in W Australia. The Macarthur Iron Ore Projects consist of two distinct mineral projects:

· The Ularring Hematite Project: encompassing hematite iron ore ("hematite"), to be marketed as potential direct shipping and/or beneficiated iron ore; and

· The Moonshine Magnetite Project: encompassing magnetite iron ore ("magnetite"), to be marketed as a beneficiated magnetite concentrate.

· The Ularring Hematite Project has been fully approved for mining and the Company has been maintaining the core iron ore projects' assets in good standing with the Western Australian Government, since their discovery. The Moonshine Magnetite Project presents a very large untapped resource of mostly high-grade magnetite with an expected productive life of at least 50 years.

· The Company has been reviewing its iron ore projects in light of the emergence of rail and port capacity through to the Port of Esperance and the cessation of mining at Cleveland-Cliffs Inc's Asia Pacific Iron Ore projects and Mineral Resources Limited's Carina project.

Cadence holds approximately 12% of the issued equity interest in Macarthur, which is an Australian mining exploration company focused primarily on lithium, iron ore and gold in the Pilbara region of Western Australia. It also has a lithium project in Nevada, USA.

The full release can be found at:

https://web.tmxmoney.com/article.php?newsid=6183182474537427&qm_symbol=MMS

 

Cadence Minerals CEO Kiran Morzaria commented: "This agreement with Capstan is testament once again to the quality and diversity of the Macarthur asset portfolio. Cadence are also of the view that we are entering in to a new prolonged upward trend cycle for iron ore, and this new agreement, along with the raft of recent developments announced across Macarthur's other projects provides, what the Company believes, is a positive ongoing investment proposition."

 

- Ends -

For further information:

Cadence Minerals plc

+44 (0) 207 440 0647

Andrew Suckling

Kiran Morzaria

WH Ireland Limited (NOMAD & Broker)

+44 (0) 207 220 1666

James Joyce

James Sinclair-Ford

Hannam & Partners LLP (Joint Broker)

+44 (0) 207 907 8500

Neil Passmore

Ingo Hofmaier

 

Qualified Person

Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School.

 

About Cadence Minerals:

Cadence is dedicated to smart investments for a greener world. The planet needs rechargeable batteries on a global scale - upcoming supersized passenger vehicles, lorries and buses - require lithium and other technology minerals to power their cells. Cadence is helping find these minerals in new places and extracting them in new ways, which will meet the demand of this burgeoning market.

 

Cadence invests across the globe, principally in lithium mining projects. Its primary strategy is taking significant economic stakes in upstream exploration and development assets within strategic metals. We identify assets that have strategic cost advantages that are not replicable, with the aim of achieving lower quartile production costs. The combination of this approach and seeking value opportunities allows us to identify projects capable of achieving high rates of return.

 

The Cadence board has a blend of mining, commodity investing, fund management and deal structuring knowledge and experience, that is supported by access to key marketing, political and industry contacts. These resources are leveraged not only in our investment decisions but also in continuing support of our investments, whether it be increasing market awareness of an asset, or advising on product mix or path to production. Cadence Mineral's goal is to assist management to rapidly develop the project up the value curve and deliver excellent returns on its investments.

 

Forward-Looking Statements:

Certain statements in this announcement are or may be deemed to be forward-looking statements. Forward-looking statements are identified by their use of terms and phrases such as ''believe'' ''could'' "should" ''envisage'' ''estimate'' ''intend'' ''may'' ''plan'' ''will'' or the negative of those variations or comparable expressions including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth results of operations performance future capital and other expenditures (including the amount. nature and sources of funding thereof) competitive advantages business prospects and opportunities. Such forward-looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors. Many factors could cause actual results to differ materially from the results discussed in the forward-looking statements including risks associated with vulnerability to general economic and business conditions competition environmental and other regulatory changes actions by governmental authorities the availability of capital markets reliance on key personnel uninsured and underinsured losses and other factors many of which are beyond the control of the Company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions. The Company cannot assure investors that actual results will be consistent with such forward-looking statements.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
UPDGGUCWBUPRURP
Date   Source Headline
28th Mar 20249:59 amRNSUpdate on Amapá Project investment & Equity Stake
27th Mar 202410:25 amRNSEuropean Metals Holdings - Cinovec Project Update
22nd Mar 20247:00 amRNSOptimisation Study Delivers Savings at Amapá
14th Mar 20249:18 amRNSCorporate Update - Evergreen Lithium
7th Mar 20247:00 amRNSProgress at the Amapá Project & Corporate Update
29th Jan 202410:05 amRNSCorporate Update
29th Jan 20249:53 amRNSEMH - Cinovec Exploration Licenses
22nd Jan 20248:56 amRNSCorporate Update - Evergreen Lithium (ASX: EG1)
22nd Dec 20238:15 amRNSCorporate Update – European Metals Holdings
30th Nov 20239:06 amRNSCorporate Update - Evergreen Lithium
22nd Nov 202311:39 amRNSCorporate Update - Hastings Technology Metals
16th Nov 20237:00 amRNSSonora Lithium Investment Update
9th Nov 20239:12 amRNSCorporate Update - European Metals Holdings
31st Oct 20237:00 amRNSDirector Share Purchases
30th Oct 20237:00 amRNSStrategic Development and Financing
29th Sep 20239:53 amRNSInterim Results
18th Sep 20238:43 amRNSCorporate Update - Evergreen Lithium
12th Sep 20239:10 amRNSCorporate Update - Hastings Technology Metals
11th Sep 20239:44 amRNSAmapá Iron Ore Project Update
31st Aug 20237:52 amRNSSonora Lithium Investment Update
16th Aug 202311:52 amRNSResult of AGM
4th Aug 20238:55 amRNSCorporate Update - Hastings Technology Metals
25th Jul 202312:25 pmRNSNotice of AGM
21st Jul 202310:12 amRNSCorporate Update – European Metals Holdings
28th Jun 20239:11 amRNSCorporate Update - Evergreen Lithium ANT Analysis
27th Jun 20237:00 amRNSAnnual Results for the year ended 31 December 2022
13th Jun 20239:49 amRNSCorporate Update - Hastings Technology Metals
9th Jun 202311:46 amRNSUpdate EMH Land secured for Cinovec lithium plant
1st Jun 20239:01 amRNSCorporate Update - Evergreen Lithium
31st May 202312:52 pmRNSCorporate Update - Hastings Technology Metals
26th May 20232:48 pmRNSAmapa Project Update & Loan Financing
25th May 20231:43 pmRNSCorporate Update - Evergreen Lithium (ASX: EG1)
25th May 20238:42 amRNSEMH Announcement: Outstanding Lithium Recoveries
10th May 202312:12 pmRNSCorporate Update - Evergreen Lithium (ASX: EG1)
3rd May 20235:17 pmRNSCorporate Update - Hastings Technology Metals
13th Apr 20238:56 amRNSNotice of Substantial Shareholder in Evergreen
1st Mar 20237:00 amRNSCorporate Update
30th Jan 202311:47 amRNSEuropean Metals Announcement: Just Transition Fund
26th Jan 20238:26 amRNSListing of Evergreen Lithium on the ASX
25th Jan 20238:35 amRNSCompletion of Sale of Yangibana JV Interest
10th Jan 20232:05 pmRNSSecond Price Monitoring Extn
10th Jan 20232:00 pmRNSPrice Monitoring Extension
6th Jan 20237:00 amRNSDirector Share Purchases
3rd Jan 20237:00 amRNSCompletion of PFS on Amapá Iron Ore Project
30th Dec 20227:00 amRNSCorporate Update
31st Oct 20229:00 amRNSInvestment Update
7th Oct 20227:00 amRNSMineral Resource Increase & Upgrade Amapá Project
28th Sep 20227:00 amRNSInterim Results for six months ended 30 June 2022
10th Aug 20223:50 pmRNSResult of AGM
12th Jul 20227:00 amRNSDirector Share Purchases

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.