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Grant of Preliminary Environmental Licence - Amapá
Cadence Minerals PLC has achieved a significant regulatory milestone with the grant of a Preliminary Environmental Licence for its Amapá Iron Ore Project, confirming environmental feasibility for the full mine capacity of 5.5 Mtpa of DR-grade iron ore concentrate. This approval covers the entire mine development envelope, including the Azteca processing plant, paving the way for refurbishment and production, and represents a material de-risking event with a clear regulatory pathway forward. The company's investment in the project stands at approximately US$15.5 million for its 35.7% equity stake. 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 \nGrant of Preliminary Environmental Licence - Amapá Iron Ore Project\n \nHighlights\n· Major regulatory milestone achieved with the grant of Preliminary Environmental Licence (\"LP\") for the Amapá mine\n· LP confirms environmental feasibility for the full mine capacity of 5.5 Mtpa of DR-grade iron ore concentrate\n· Approval covers the entire mine development envelope, including the Azteca processing plant, enabling progression toward first-stage refurbishment and production\n· Represents a material de-risking event and establishes a clear regulatory pathway toward construction and production\n· Installation Licence requirements are advancing as planned, supporting continued momentum toward refurbishment and production\n\n\nKiran Morzaria, Chief Executive Officer of Cadence Minerals, commented:\n \n\"This is a highly significant regulatory milestone for Amapá. The grant of the Preliminary Licence confirms environmental acceptance of the mine at its full intended scale and marks a decisive step forward in the project's redevelopment.\n \nImportantly, the LP validates the complete mine plan and provides the regulatory foundation to advance the Azteca processing plant as the first step toward production. With this key de-risking milestone achieved, our focus now turns to securing the Installation Licence and progressing refurbishment activities in line with our staged development strategy.\n \nThe remaining Installation Licence requirements are advancing well, and we remain on track as we move the Project toward refurbishment and production.\"\n\n\n \nRegulatory Update\nCadence Minerals plc (AIM: KDNC) (\"Cadence...