Cadence Minerals (LSE:KDNC), together with its joint venture partners, has finalized a binding Prepayment Offtake Agreement for the Amapá Iron Ore Project, unlocking a US$4.6 million prepayment facility to bring the Azteca Plant back online. The capital injection will be used for licensing work, plant refurbishment, and commissioning, enabling an earlier return to cash generation while easing overall funding pressures. This step both strengthens Cadence’s equity position in the project and accelerates its pathway toward renewed production, supporting the company’s broader growth ambitions in the iron ore sector.
More about Cadence Minerals
Cadence Minerals is active in the mining sector with a primary focus on iron ore. Its flagship interest is the Amapá Iron Ore Project in Brazil—a fully integrated operation spanning mine, rail, and port infrastructure—designed to deliver high-grade iron ore concentrate.
Leave a Reply