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Cadence Minerals ( (GB:KDNC) ) just unveiled an update.
Cadence Minerals has announced an accelerated production plan at its Amapá Iron Ore Project, with a fully subscribed equity subscription raising £402,000. The company plans to recommission the Azteca Plant to produce 380,000 tonnes per annum of 65% Fe concentrate, leveraging historic tailings and aiming for low capital intensity. The project is expected to generate significant cash flow within months of securing necessary licenses, with a competitive cost structure and a focus on preserving shareholder value. The funds raised will support continued investment in the project and associated working capital, positioning Cadence for growth in the high-grade iron ore market.
More about Cadence Minerals
Cadence Minerals is a company operating in the mining industry, focusing on the development and production of iron ore. Its primary project is the Amapá Iron Ore Project, which aims to produce high-grade iron ore concentrate for the direct reduction pellet feed market.
Average Trading Volume: 826,386
Technical Sentiment Signal: Strong Sell
Current Market Cap: £4.44M
For an in-depth examination of KDNC stock, go to TipRanks’ Overview page.