Business
Amapá Project Update
Cadence Minerals Plc has provided an update on the Amapá Project, confirming that detailed engineering for the Azteca Plant is complete and an execution package is in place, with early works scheduled to commence in March 2026. Procurement requests for critical refurbishment items have been launched, and contractor mobilization is ready for a 90-day program. Licensing workstreams, including IPHAN, water abstraction, and tailings permitting, are also advancing. The company's total investment in the Amapá Project as of December 2025 was approximately US$15.5 million, representing a 35.9% equity stake. Commissioning of the Azteca plant is targeted for the end of June, subject to permitting and execution. Disclaimer*
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n \n\nThe 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.\n \nCadence Minerals Plc\n \n(\"Cadence Minerals\", \"Cadence\", or \"the Company\")\n \nAmapá Project Update - Azteca Plant Progress and Licensing Update\n \nDetailed engineering completed and execution package now in place at Azteca, with early works due to commence in March as key Installation Licence workstreams continue to advance.\n \nCadence Minerals plc (AIM: KDNC) is pleased to provide an update on progress at the Azteca Plant within the Amapá Iron Ore Project in Brazil (\"Amapá\" or the \"Project\"), together with progress on the remaining workstreams associated with the Project's Installation Licence (\"LI\").\n \nHighlights\n· Execution package in place: procurement requests for critical refurbishment items were launched in March 2026, with contractor mobilisation readiness established for a 90-day execution programme.\n \n· Early works commencing: certain permitted preparatory activities are scheduled to commence in March, enabling selected workstreams to progress ahead of the main refurbishment programme.\n \n· Critical path supported: together, these steps are intended to add flexibility across key execution activities and help preserve the current development timetable.\n \n· Licensing workstreams progressing: remaining Installation Licence requirements, including IPHAN, water abstraction and tailings-related permitting, continue to advance in parallel.\n \n· The Azteca plant remains a key component of Cadence's phased redevelopment strategy at Amapá,\n \n\n\nKiran Morzaria, Chief Executive Officer of Cadence Minerals, commented:\n \n\"Completion of the detailed engineering studies marks an important step in moving Azteca towards refurbishment and recommissioning. The work programme is now supported by an active procurem...