Cadence Minerals Plc

Cadence Minerals Plc Cadence Minerals explores for and invests in the strategic minerals that power the technology of tomorrow.

We identify assets that have strategic cost advantages that are not replicable, with the aim of achieving lower quartile production costs. By investing strategically in companies, and funding specific JV projects we offer a portfolio that balances risk and upside potential. We use the gains from successful investments to fund our exploration for world class assets.

01/12/2025

Cadence Minerals (AIM: KDNC) is pleased to announce the ex*****on of a Binding Prepayment Offtake Agreement for the Amapá Iron Ore Project.

The US$4.6 million agreement fully funds the restart of the Azteca Plant, following the completion of extensive technical, legal and commercial due diligence by our offtake and logistics partner.

Key points from the RNS:
• Azteca restart now fully funded
• Expected ~70% IRR on Cadence’s contribution
• Early cashflow anticipated to support working capital and the Amapá DFS
• Major de-risking milestone for the wider 5.5 Mtpa DR-grade development
• Strengthens Cadence’s 35.7% interest in a long-life iron ore asset

The project team now moves toward securing the mine installation licence, after which refurbishment and commissioning of Azteca will begin.

Read the full RNS: https://shorturl.at/TWOkO

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