Cadence Wins Key Environmental Licence for Brazil’s Amapá Iron Ore Mine

Cadence Minerals ( (GB:KDNC) ) just unveiled an update.

Cadence Minerals has secured a Preliminary Environmental Licence (Licença Prévia) from the Amapá state environmental authority for the Amapá iron ore mine in Brazil, confirming environmental feasibility for the project at its full planned capacity of 5.5 million tonnes per annum of direct reduction grade iron ore concentrate. The licence covers the entire mine development plan, including open-pit operations, processing, waste handling and tailings infrastructure, and provides the regulatory foundation to recommission the Azteca processing plant as the initial production facility using existing tailings, with ore to be trucked and shipped via a public port ahead of rail and private port approvals. This milestone marks a significant de-risking of the project by establishing a clear pathway toward the next permitting stage—the Installation Licence, which will authorise construction and refurbishment—while ongoing technical studies, water and effluent permits, and parallel rail and port licensing work continue to advance. With approximately US$15.5 million invested and a 35.7% equity position in Amapá, the approval strengthens Cadence’s strategic position in high-grade iron ore and supports its staged redevelopment plan aimed at generating early cash flow and advancing the broader integrated operation.

The most recent analyst rating on (GB:KDNC) stock is a Hold with a £3.50 price target. To see the full list of analyst forecasts on Cadence Minerals stock, see the GB:KDNC Stock Forecast page.

Spark’s Take on GB:KDNC Stock

According to Spark, TipRanks’ AI Analyst, GB:KDNC is a Neutral.

The score is held down primarily by weak financial performance (multi-year losses, sharp revenue decline, and ongoing cash burn) and soft technical momentum (below key moving averages with negative MACD). Low leverage is a partial offset, but the negative P/E and lack of dividend data provide limited valuation support.

To see Spark’s full report on GB:KDNC stock, click here.

More about Cadence Minerals

Cadence Minerals Plc is a UK-listed mining investment and development company with a focus on iron ore assets, notably its 35.7% stake in the fully integrated Amapá Iron Ore Project in Brazil. Amapá comprises established mine, rail, port and beneficiation infrastructure and holds a JORC-compliant mineral resource of 276 million tonnes and proven and probable reserves of 195.8 million tonnes, with studies indicating potential production of 5.5 million tonnes per annum of high-grade direct reduction iron ore concentrate.

Average Trading Volume: 3,299,005

Technical Sentiment Signal: Hold

Current Market Cap: £13.51M

See more data about KDNC stock on TipRanks’ Stock Analysis page.