REG - Cadence Minerals PLC - Amapá Project Update

Cadence MineralsAnnouncement

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RNS Number : 2892L  Cadence Minerals PLC  12 December 2025

 

 

 

The company deems the information contained within this announcement to
constitute Inside Information as stipulated under the Market Abuse Regulation
(E.U.) No. 596/2014, as it forms part of U.K. domestic law under the European
Union (Withdrawal) Act 2018, as amended. Upon the publication of this
announcement via a regulatory information service, this information is
considered to be in the public domain.

 

Cadence Minerals Plc

 

("Cadence Minerals", "Cadence", or "the Company")

 

Amapá Project Update and Technical Visit Relating to the Amapá Iron Ore
Project

 

Cadence Minerals Plc ("Cadence" or the "Company") confirms that, together with
its joint-venture partner DEV ("PBA"), it is hosting a technical visit by
Wandenberg Pitaluga Filho, President of the Economic Development Agency of
Amapá, Brazil.

 

The visit provides an opportunity to outline the development pathway for the
5.5 Mtpa integrated DR-grade iron ore operation, including the associated rail
and port upgrades. Meetings will be introductory and non-binding and are
intended only to support the State's understanding of the Project's long-term
scale and capital formation framework.

 

Azteca Licensing Update

Following the completion of the prepayment offtake financing earlier this
month, Cadence and PBA have advanced the technical workstreams required for
the environmental licensing of the Azteca (Dyke 3) plant.

 

The Azteca facility represents the first stage of the Amapá redevelopment
strategy, providing early production capability and a platform to generate
cash flow to fund the Definitive Feasibility Study ("DFS") and other capital
projects and subsequent phases of the project. The Company will update the
market as material milestones are achieved.

 

 For further information, contact:

 Cadence Minerals plc                                         +44 (0) 20 3582 6636
 Andrew Suckling
 Kiran Morzaria

 Zeus (NOMAD & Broker)                                        +44 (0) 20 3829 5000
 James Joyce
 Darshan Patel

 Gabriella Zwarts

 Fortified Securities - Joint Broker                          +44 (0) 20 3411 7773
 Guy Wheatley

 Brand Communications                                         +44 (0) 7976 431608
 Public & Investor Relations
 Alan Green

 

Qualified Person

Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information
contained in this announcement. Kiran holds a Bachelor of Engineering
(Industrial Geology) from the Camborne School of Mines and an MBA (Finance)
from CASS Business School.

 

Cautionary and Forward-Looking Statements

Certain statements in this announcement are or may be deemed to be
forward-looking statements. Forward-looking statements are identified by
their use of terms and phrases such as "believe", "could", "should",
"envisage", "estimate", "intend", "may", "plan", "will", or the negative of
those variations or comparable expressions including references to
assumptions. These forward-looking statements are not based on historical
facts but rather on the Directors' current expectations and assumptions
regarding the company's future growth results of operations performance,
future capital, and other expenditures (including the amount, nature, and
sources of funding thereof) competitive advantages business prospects and
opportunities. Such forward-looking statements reflect the Directors' current
beliefs and assumptions and are based on information currently available to
the Directors.  Many factors could cause actual results to differ materially
from the results discussed in the forward-looking statements, including risks
associated with vulnerability to general economic and business conditions,
competition, environmental and other regulatory changes actions by
governmental authorities, the availability of capital markets reliance on key
personnel uninsured and underinsured losses and other factors many of which
are beyond the control of the company. Although any forward-looking statements
contained in this announcement are based upon what the Directors believe to be
reasonable assumptions. The company cannot assure investors that actual
results will be consistent with such forward-looking statements.

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