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The latest announcement is out from Cadence Minerals ( (GB:KDNC) ).
Cadence Minerals, in collaboration with joint venture partners, has executed a binding Prepayment Offtake Agreement for the Amapá Iron Ore Project. This agreement secures a US$4.6 million prepayment facility to restart the Azteca Plant, enhancing Cadence’s equity position and accelerating the project’s development. The funding will support the licensing, refurbishment, and commissioning of the plant, with the expectation of generating early cash flow and reducing funding risks. This strategic move is anticipated to strengthen Cadence’s operational foundation and long-term growth prospects in the iron ore market.
More about Cadence Minerals
Cadence Minerals is a company operating in the mining industry, focusing primarily on iron ore projects. It is involved in the Amapá Iron Ore Project, a fully integrated mine, rail, and port operation in Brazil, which aims to produce high-grade iron ore concentrate.
Average Trading Volume: 5,814,008
Technical Sentiment Signal: Buy
Current Market Cap: £14.94M
See more data about KDNC stock on TipRanks’ Stock Analysis page.