Cadence Minerals Share Discussion Threads

[diesel] 30/11/2020 10:59

Not quite that simple, Cadence has 30% interest in some of the tenements, not the ones currently under assessment. Still it has to be said that the region is looking promising but you’ll have to be extremely patient as they are years away from exploring our tenements.

[sporazene2] 30/11/2020 10:57

KDNC needing to find 30% of the equity component of the total project finance.

That will take some doing based on the current market cap.

[metis20] 30/11/2020 10:30

Hastings AGM presentation Yangibana project 30 Nov 2020



Highest value Rare Earths Project for Ore value per kg
75 – 175% higher value ore products than any current producing rare earth project



KDNC has 30% interest in this rare earth project

[jtourer] 22/11/2020 22:22

Know all about the Cornish Li project, it was crowdfunded I think. I dont have any real interst in this as its a bit too querky and bit too lacking in scalability. I am sticking with EMH and BCN

[dubjon] 22/11/2020 15:38

Just taken a quick peak at SML.
Chart is uninspiring, but the outlook is interesting. The chart smells like it might be about to break out, however.

There's not too many littl'uns left that haven't already had a hefty rise, so maybe a small punt is in order...

I don't thing it will be long until some mega cap tech and auto firms start buying up all the explorers/juniors/incubators in the EV materials sector......eua, mtr, kdnc, alba all spring to mind.

And. yes, I hold all of them. (thanks eua!)

[johncasey] 22/11/2020 11:52

anyone see BBC programme about cornish lithium? going to be in production within two years..could be massive for SML Redmoor deposit is huge

[mikemichael2] 22/11/2020 10:27

As we know there is going to be massive demand for Lithium, just how much and how soon will cadence start getting income from sales? How much have they got?

I've held these ages, and am thinking of a top up after a few months of stable rise.

[dubjon] 20/11/2020 13:05

Each one helps.....
Can't be too long until a decent rns drops.

[metis20] 20/11/2020 12:55

More director share purchases

[adobbing] 16/11/2020 16:29

#KDNC - #HastingsTechnologyMetals (ASX: HAS) - Significant #Yangibana Mineralisation Extension 8km long:
~ V high levels of #neodymium #praseodymium at 52% of TREO
~ Bodes well for Yangibana & Yangibana North Cadence JV areas
#BatteryMetals #RareEarths

[matt123d] 16/11/2020 16:18

Added a few more here with difficulty

[jtourer] 16/11/2020 10:02

This is all very good news but not where the immediate focus is on this share. The Amapa iron ore project is about to blow and their stakes in EMH and BCN are also starting to hot up in Europe and Mexico respectively. And now UK govt has brought forward the 'last time sell' date for piston engined vehicles to 2030 making Lithium more urgent...

[adobbing] 16/11/2020 08:54

That ship is due in today around 18:00 UK Time.

[metis20] 16/11/2020 07:29

Simon’s Find results contain world-beating quantities of neodymium (Nd2O3) and praseodymium (Pr6O11) that, when combined, total 52% of the TREO (total rare earth oxides) values.

These results are significantly higher than the 40-41% values recorded from the nearby Bald Hill and Frasers deposits.

The Fraser’s - Simon’s Find - Bald Hill trend now forms an 8km-long economic mineralised corridor.

[johncasey] 15/11/2020 23:16

big news over at hastings tonight

one has been lightly drilled and, on average, only between 40-70m below the surface.
Additional opportunities to the north and south of this trend have been identified by geophysics and
ground mapping. Down-dip extensions remain open along the entire 8km of defined mineralisation.
Exploring and delineating the mineralisation in this zone was a key objective of the 2020 exploration
drilling program, which has been successfully delivered.
In fact, the 2020 exploration drilling program has been so successful that the vast majority of holes
reported to date have delivered intercepts of TREO considered to be economic by the Company.
Hastings Technology Metals’ Executive Chairman, Charles Lew, commented: “Hastings has
delivered and exceeded all of its key objectives for the 2020 exploration drilling program. The results
from drilling over the past several months have shown the magnitude of the resource potential that
exists at Yangibana.”
“Hastings has now defined and delivered a single coherent zone of economic mineralisation trending
more than 8km in length from Fraser’s through to Simon’s Find and Bald Hill, with further upside in
all areas along this zone to the north, south and at depth.”
“Additionally, the ability to replicate the results from the past few months into other areas of the
tenement package remains high, with similar known geological structures demanding additional
work.”
“While the average head grades at Simon’s Find results may be lower than at Yangibana’s other
deposits, what is important and makes this deposit such a stand-out – in global terms – are the very
high levels of neodymium and praseodymium – at 52% of total rare earths reported.”
“Hastings will now start the process of collating the drilling information to define a new mineral
resource for Simon’s Find.
“The success at Simon’s Find comes amid a busy period for Hastings as we advance Yangibana’s
development by concluding more offtake contracts and settling on a coastal site for our project’s
hydrometallurgical plant.”

[adobbing] 13/11/2020 09:51

Bacanora Lithium plc

("Bacanora" or the "Company")

Ganfeng exercises option to increase investment in Sonora Lithium Ltd ("SLL")

HIGHLIGHTS

-- Ganfeng Lithium Co., Ltd ("Ganfeng"), Bacanora's cornerstone investor and offtake partner, has today approved a resolution to exercise its option to increase its stake in the Sonora Lithium Project (the "Project");

-- This additional investment demonstrates Ganfeng's ongoing commitment to the Project, which targets production in 2023, subject to completion of financing;

-- Ganfeng will exercise its right to subscribe for 73,955,680 new Ordinary Shares in SLL at 29.59p at a total value of GBP21,883,485, subject to certain conditions as set out below; and

-- Bacanora will remain as the project operator in Sonora, while Ganfeng will be responsible for leading the engineering, procurement and construction ("EPC") of the Project.

Bacanora Lithium plc (AIM: BCN), a lithium development company, is pleased to announce that the Board of directors of its cornerstone investor and offtake partner, Ganfeng Lithium Co., Ltd ("Ganfeng"), has today approved a board resolution to exercise Ganfeng's option to increase its stake in Sonora Lithium Ltd ("SLL") from 22.5% to 50% (the "Option"). SLL is the operational holding company for the Sonora Lithium Project (the "Project").

This is a significant milestone in the development of the Sonora Lithium Project and demonstrates Ganfeng's ongoing commitment to the Project which is targeting production in 2023. As part of this development timetable, Ganfeng is continuing its engineering programme and has already completed its flow sheet design for the production of battery grade lithium. Ganfeng is now integrating this work into the final engineering design and remains on schedule to deliver its final engineering packages to Bacanora during H1, 2021. Ganfeng continues to work with its equipment suppliers to determine equipment delivery times to align with a target of production in 2023.

Bacanora therefore remains on schedule to commence initial site works at Sonora in 2021, subject to completion of financing, which would enable commencement of production at the plant in 2023. This timeframe coincides well with the anticipated increase in lithium demand from European, Asian and US electric vehicle manufacturers expected that year.

Under the terms of the SLL Joint Venture Agreement, details of which were announced on 20 May 2019, Ganfeng will exercise its right to subscribe for 73,955,680 new Ordinary Shares in SLL resulting in Ganfeng owning 50% of the enlarged issued share capital of SLL. The price of the new shares is based on the 20 Day Volume Weighted Average Price (VWAP) of Bacanora Lithium Plc's ordinary shares. As at 10 November 2020, the VWAP was 29.59p and accordingly Ganfeng will subscribe for a total of 73,955,680 new Ordinary Shares in SLL at a total value of GBP21,883,485. Ganfeng will now apply to the relevant authorities in China, predominantly the State Administration of Foreign Exchange (SAFE), in order to allow the funds to be remitted to the UK.

On completion of the exercise of the Option, the Board of SLL shall comprise two Bacanora appointed Directors and two Ganfeng appointed Directors. Bacanora will remain as the project operator in Sonora, while Ganfeng will be responsible for leading the engineering, procurement and construction ("EPC") activities associated with the Project. The current joint venture agreement will be amended to incorporate the updated provisions for the new 50:50 joint venture arrangement.

Completion of the exercise of the Option is conditional on, amongst other matters, completion of the definitive documentation and regulatory approvals. Further announcements will be made in due course.

Peter Secker, CEO of Bacanora said:

"We are delighted by this further show of confidence from our partner Ganfeng in the Sonora Lithium Project. Their investment further de-risks the Project and reduces the equity demands on Bacanora's own shareholders to fund Phase 1 of the Project. With recent trends in electric vehicle purchases showing significant year on year growth and lithium storage batteries starting to play a strategic role in the storage of renewable energy, the Sonora Lithium Project is now well placed to be in production in 2023 and delivering battery grade lithium products into the fast growing energy storage market."

Mr Wang Xiaoshen, Deputy Chairman of Ganfeng said:

"We have been working with Bacanora on the exciting Sonora Lithium Project for over two years and are delighted to be increasing our investment in what we believe to be a world class lithium project. We continue to support the Company with its engineering and technical development at Sonora and look forward to commencing project construction in 2021, with a target of production in 2023."

[mdchand] 13/11/2020 09:32

hxxps://www.directorstalk.net/cadence-minerals-creating-a-large-potential-upside-for-its-investors-interview/

[adobbing] 12/11/2020 10:08

#KDNC - Further Director Dealing:
~NED Andrew Suckling purchases another 49,999 shares at 16p, now holds 192,999 shares
~CEO Kiran Morzaria holds 1,112,000 shares
~FD Donald Strang holds 797,545 shares
~NED Adrian Fairbourn holds 571,005 shares
#ironore

[qackers] 11/11/2020 18:44

Could explain rise today?

High Court of Australia Order Finally Dismisses Kwok/Chan Claim Against Macarthur Minerals

November 11, 2020 06:00 ET | Source: Macarthur Minerals Limited

VANCOUVER, British Columbia, Nov. 11, 2020 (GLOBE NEWSWIRE) -- Macarthur Minerals Limited (TSX-V: MMS) (ASX: MIO) (OTCQB: MMSDF) (the “Company” or “Macarthur”) is pleased to advise that the High Court of Australia has dismissed an application by Mr Charles Chan, Mr Victor Chan and Mr Edward Kwok (the “Applicants”) for special leave to appeal against a previous decision of the Court of Appeal of the Supreme Court of Queensland. Earlier this year, the Court of Appeal had ruled unanimously in favour of Macarthur and other respondents (the “Respondents”).

The High Court’s refusal to grant the Applicants special leave to appeal means that the longstanding proceedings (initiated in 2016) are now finally at an end. There is no further avenue of appeal available to the Applicants.

[urchin1] 11/11/2020 16:40

Good recovery today!All looks good for the next week or two!

[jtourer] 10/11/2020 16:51

Because up until now they have not spent on their own shares...

[sanilav] 10/11/2020 16:47

Slow and steady,pheonix springs to mind.

[jimb2] 10/11/2020 16:32

Where are the trolls who consistently use the epic 'why don't the bod invest their hard-earned cash'

Gone quiet!

[dragon35] 10/11/2020 12:54

There is no way a bunch of tight fisted aim directors put their own cash into a company unless they think the share price is going to move higher over coming weeks and months. If they were concerned then they would just award options with no risk involved so buying open market is a good clue here.