Business
EMH Update & Change of Broker
EMH Update & Change of Broker.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 5641G Cadence Minerals PLC 02 March 2018 \n\nCadence Minerals Plc\n(\"Cadence Minerals\", \"Cadence\" or \"the Company\")\nEMH Update & Change of Broker\n \nCadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) note that European Metals Holdings (\"European Metals\") (ASX & AIM: EMH) has responded to recent public statements and correspondence European Metals had received overnight from Mr Thomas Huner, Minister of Industry and Trade of the Czech Republic, purporting to terminate the Memorandum of Understanding dated 2 October 2017 between the European Metals and the Ministry of Industry and Trade (the \"MoU\").\n \nThe announcement by European Metals stated the following:\n \n· The MoU outlines mutual willingness to explore downstream processing opportunities, Czech academic research into lithium processing, potential future co-operation and discussing and exploring possibilities of future agreements.\n· All Company rights are derived from the current Czech legal system, notably the Geological and Mining Act, not the MoU. \n· Any termination of the MoU would not in any way affect the exploration rights of the Company or the Company's tenure over its exploration permits and the Company continues to progress the project with ongoing metallurgical testwork, discussions with offtakers and preparations for feasibility drilling underway.\n \nThe Company remains entirely focused on working with all stakeholders, including the Minister of Industry of Trade and the Government of the Czech Republic, to successfully develop the Cinovec Project as a first-in-kind project that will pave the way for a successful lithium mining and processing industry in the Czech Republic. We look forward to meeting with the Minister in the near term to further these discussions.\nCadence has a 20.4% equity stake in European Metals. The full release can be found at: https://www.europeanmet.com/wp-content/uploads/2018/03/20180302-Respose-to-Czech-Minister-of-Industry-Trade-Final.pdf\nStatement re Beaufort Securities Limited\nThe Company notes the announcement today regarding Beaufort Securities Limited (\"BSL\") and Beaufort Asset Clearing Services Limited (\"BACSL\") being placed into administration and that the Financial...