Cadence Minerals (GB:KDNC) has released an update.
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Cadence Minerals reports steady progress on its Amapá Iron Ore Project, with environmental licenses for the mine, railway, and port on track for approval by year’s end and advancements in the creation of a 67% ‘Green Iron’ product. The project is actively pursuing equity financing to complement existing debt arrangements to support the redevelopment of this integrated iron ore venture in Brazil. Cadence’s continued investment has grown its stake in the project to 34.5%, reinforcing its commitment to the project’s future.
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