Cadence Minerals Share Discussion Threads

[tomboyb] 03/6/2020 08:49

And flying -

Highlights:

-- Hastings signs binding long term Master Agreement with German automotive Tier 1 supplier, Schaeffler Technologies AG.

-- Hastings obligation is to supply a substantial volume of MREC over a period of 10 years as initial period.

-- Schaeffler continues its support for German government's untied loan guarantee (UFK).
This Master Agreement governs in general the purchasing, scheduling, quality compliance and regulations, and ethical business conduct between Hastings and Schaeffler.

[tomboyb] 03/6/2020 08:36

v interesting -

[tomboyb] 03/6/2020 08:34

Cadence Minerals PLC Yangibana JV Partner Agreement with Schaeffler
03/06/2020 9:31am
UK Regulatory (RNS & others)

Cadence Minerals (LSE:KDNC)
Intraday Stock Chart

Wednesday 3 June 2020

Click Here for more Cadence Minerals Charts.
TIDMKDNC

RNS Number : 8127O

Cadence Minerals PLC

03 June 2020

Cadence Minerals Plc

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

Hastings Technology Metals (ASX: HAS) Signs Long Term Binding Master Agreement with German Automotive Tier 1 Supplier Schaeffler Technologies AG.

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note that Hastings Technology Metals (ASX:HAS) ("Hastings"), Cadence's joint venture partner at the Yangibana Rare Earth Project in the Gascoyne region of Western Australia ("Yangibana" "Yangibana Project"), has entered into binding Master Agreement (MA) with one of the leading German automotive Tier 1 supplier, Schaeffler Technologies AG (Schaeffler) for the targeted supply of its MREC, being the product mined and processed from the Company's Yangibana Project in the Gascoyne region, Western Australia.

Cadence Minerals Yangibana Holding:

Cadence owns 30% of the Yangibana, Yangibana North, Gossan, Hook, Kanes Gossan and Lions Ear Rare Earth Deposit, which form part of the Yangibana Rare Earth Deposit. The updated Cadence ore reserve statement can be found on the Yangibana Mineral Resource & Ore Reserve statement from 4(th) November 2019: hxxp://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=2953668.

Highlights:

-- Hastings signs binding long term Master Agreement with German automotive Tier 1 supplier, Schaeffler Technologies AG.

-- Hastings obligation is to supply a substantial volume of MREC over a period of 10 years as initial period.

-- Schaeffler continues its support for German government's untied loan guarantee (UFK).
This Master Agreement governs in general the purchasing, scheduling, quality compliance and regulations, and ethical business conduct between Hastings and Schaeffler.

With the signing of this Master Agreement, Schaeffler also continues to support Hastings in its eligibility for the German government's untied loan guarantee scheme (known as UFK) in its project financing for the construction of its mine and processing plant in the Upper Gascoyne of Western Australia.

Since the announcement of the MOU in June 2019, Schaeffler and Hastings have expressed their joint commitment to work together on a long term partnership to enable Schaeffler to develop an independent supply chain for its e-motor business for the emerging Electric Vehicle industry. Neodymium and praseodymium are critical raw materials used in the manufacture of permanent magnets, the key component found in electric motors.

Schaeffler is a global automotive and industrial supplier of high-precision components and systems in engine, transmission, and chassis applications, as well as rolling and plain bearing solutions for a large number of industrial applications, primarily focussed on the automotive industry. In 2019 it generated sales of approximately EUR14.4 billion with around 87,700 employees globally. Schaeffler is one of the world's largest family companies operating in approximately 170 locations in over 50 countries and has a worldwide network of manufacturing locations, research and development facilities and sales offices.

The full Hastings ASX announcement can be found here:

Hastings Exec Chairman Charles Lew commented: "This contract represents a very important milestone in the development of Hastings as an emerging supplier of rare earth carbonate from Australia to Germany, an industrialised nation with a growing demand for a critical raw material used in many advanced technologies where a permanent magnet is needed. We look forward to strengthening our cooperation with Schaeffler in the years to come."

- Ends -

[iamgreat1] 02/6/2020 10:58

P n d And placing will come

[sh1984] 02/6/2020 10:34

Iron ore prices on the up, should hit 40p soon on this.

[bean02] 02/6/2020 08:29

133k delayed buy. Might just be news to bolster this

[bean02] 02/6/2020 08:12

Big volume. Heading back to double digits :)

[inv] 02/6/2020 06:48

Further big rise expected today

[mdchand] 01/6/2020 10:28

Also, this bit of PR might be helpful

hxxp://www.branduk.net/uk-investor-magazine-cadence-minerals-kdnc-transformation-cycle/

[mdchand] 01/6/2020 10:26

As per RNS dated 14th April, Iron Ore shipments were estimated to start Q2/Q3 - which is today. Although the lack of an RNS re agreement with the secured creditor banks meant I had discounted the shipping news. Perhaps they have reached agreement?

Next Steps

DEV, with Cadence's and Indo Sino's ("JV Partners") support, are liaising with local authorities to obtain the required licenses and permits to rapidly commence exports, and have already received federal authorisation to export the iron ore. In addition, the JV Partners are in detailed discussions with potential offtake partners and local contractors so that the Amapá Project can begin shipment as quickly as possible.

Currently, we estimate that the first shipment from the stockpile should be in late Q2, early Q3 of this year. These timelines are, of course, dependent on the ongoing and future impacts of COVID 19 on associated movement and activities.

[diesel] 01/6/2020 09:48

Bit perky this am!

[plat hunter] 18/5/2020 12:18

I think you've missed the point or indeed what this particular vehicle is.Hope you've kept enough back for your BFH

[johncasey] 13/5/2020 05:24

well iron ore Price going uP nicely...macaurther minerals well uP in canada..this share is so under valued, 33P easily acheivable

[yes yes] 08/5/2020 10:42

on what basis?

[inv] 06/5/2020 09:26

this should move up nicely now

[bean02] 06/5/2020 09:03

6.20s all buys

[yes yes] 01/5/2020 13:30

how are they paying for the mine restart, i read somewhere they need a significant amount so what's this £525k at a big discount form 11p two weeks ago?

[adobbing] 01/5/2020 11:23

Cadence Minerals PLC Amapá Update, Placing and Loan Note Restructuring

UK Regulatory (RNS & others)


TIDMKDNC
RNS Number : 6656L
Cadence Minerals PLC
01 May 2020
THIS ANNOUNCEMENT, INCLUDING THE APPIX TO THIS ANNOUNCEMENT, AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT, INCLUDING THE APPIX TO THIS ANNOUNCEMENT, IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF CONSTITUTE AN OFFER FOR SALE OR SUBSCRIPTION OF ANY SECURITIES IN THE COMPANY. THIS ANNOUNCEMENT AND THE APPIX DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES OF CADENCE MINERALS PLC IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.
Cadence Minerals Plc
("Cadence Minerals", "Cadence" or "the Company")
Amapá Operational Update, Placing to Raise GBP525,000 and Loan Note Restructuring
Highlights

-- Shipping of first iron ore is on target for late Q2 2020 / early Q3 2020
-- Shipment is planned via 45,000-tonne bulk carriers at a rate of 2 -3 every two months
-- Independent surveys of these iron ore stockpiles indicate that some 1.39 million tonnes of iron ore are available for export with a stockpile average Fe grade of approx. 62.14%

-- Principal local contractors are identified, and contracts are being finalised
-- Movement of the stockpile to public port is expected in July 2020

[quantum15] 23/4/2020 12:46

Bit more volume please the team is offloading onto the lemmings !!!! Boom Boom get RAMPING !!!!