11th Nov 2026 07:01
Cadence Minerals PLC - Central and South American-focused rare earth and mineral developer - says DEV Mineracao SA has commenced production at the Azteca processing plant at the Amapa Iron Ore Project in northern Brazil. Production starts at a reduced rate while access works and site preparation continue. Expects full operations two weeks after completion of the USD1.2 million working capital tranche payment. Production follows the issue of an operating licence to DEV for the Azteca processing plant. Says the production target is around 380,000 tonnes per annum of around 65% iron concentrate.
Current stock price: 4.90 pence, up 13% in London on Tuesday.
12-month change: up 34%
By Niall Holden, Alliance News reporter
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