Cadence Minerals Plc - Sonora Lithium Project Arbitration Funding Confirmation Notice

About this update from Cadence Minerals Plc

Cadence Minerals plc (AIM: KDNC) ('Cadence') is pleased to announce that LCM Funding SG Pty Ltd ('LCM' or the 'Funder') has completed due diligence and issued a Funding Confirmation Notice ('FCN') under the Arbitration Funding Agreement ('AFA') entered into between LCM, Cadence and Cadence's wholly owned subsidiary, REM Mexico Limited ('REM Mexico'), regarding claims arising in relation to Cadence and REM Mexico's investments in the Sonora Lithium Project in Sonora State, Mexico . With funding secured, Cadence and REM Mexico intend to commence international arbitration against the United Mexican States under the agreement between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of the United Mexican States for the Promotion and Reciprocal Protection of Investments (' UK -Mexico BIT'). Following LCM's issuance of the FCN, non-recourse litigation financing is now available to Cadence and REM Mexico, subject to the terms of the AFA, to support Cadence and REM Mexico in pursuing their claims under the UK -Mexico BIT. Under the signed arrangements, LCM has agreed to pay Cadence and REM Mexico's legal fees and disbursements in accordance with an agreed budget on a non-recourse basis. Cadence and REM Mexico's legal claims under the UK -Mexico BIT Cadence and REM Mexico's claims arise from measures taken by the United Mexican States that destroyed the value of Cadence and REM Mexico's investments in the Sonora Lithium Project . In particular, those measures include the cancellation of the mining concessions in which Cadence and REM Mexico held a significant interest against the backdrop of Mexico's nationalisation of its lithium sector. Those measures breached protections owed by Mexico to Cadence and REM Mexico and their investments in Mexico under the UK -Mexico BIT, including protections against unlawful expropriation and unfair, arbitrary or discriminatory treatment. Cadence and REM Mexico have previously approached the Mexican Government to seek consultations and negotiations under the UK -Mexico BIT and now intend to pursue their claims in international arbitration to protect the value of their investments and seek appropriate redress. Notwithstanding, Cadence and REMML remain open to a negotiated settlement with Mexico . Contact: Tel: +44 (0) 20 3582 6636 Cautionary and Forward-Looking Statements Certain statements in this announcement are or may be deemed to be forward-looking statements. Forward-looking statements are identi?ed by their use of terms and phrases such as 'believe', 'could', 'should', 'envisage', 'estimate', 'intend', 'may', 'plan', 'will', or the negative of those variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the company's future growth, results of operations, performance, future capital, and other expenditures (including the amount, nature, and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward-looking statements re?ect the Directors' current beliefs and assumptions and are based on information currently available to the Directors. Many factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including risks associated with vulnerability to general economic and business conditions, competition, environmental and other regulatory changes, actions by governmental authorities, the availability of capital markets reliance on key personnel uninsured and underinsured losses and other factors many of which are beyond the control of the company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions. The company cannot assure investors that actual results will be consistent with such forward-looking statements. (C) 2026 Electronic News Publishing, source ENP Newswire

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