Home » Cadence Minerals (KDNC) » Cadence Minerals (KDNC) – Macarthur Minerals issues 1m shares in final payment for Stonewall project acquisition

Cadence Minerals (KDNC) – Macarthur Minerals issues 1m shares in final payment for Stonewall project acquisition

Cadence Minerals Plc (AIM/NEX: KDNC; OTC: KDNCY) is pleased to report that Macarthur Minerals, in which Cadence currently owns a 20.3% shareholding, has issued 1,000,000 shares at 7 cents per share, being the final payment for the acquisition of the Company’s Stonewall Lithium Brine Project, located in Lida Valley, Nevada. The Lida Valley is the basin adjacent to the Clayton Valley, which hosts North America’s only producing lithium mine, Albemarle’s Silver Peak Lithium Mine.  The Stonewall Project has already returned significant results from sampling the playa of up of up to 187 parts per million (“ppm”) lithium (“Li”).

The full Macarthur announcement can be found at https://web.tmxmoney.com/article.php?newsid=4543233015403266&qm_symbol=MMS .

Qualified Person:

Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance).

 

For further information please contact

Cadence Minerals plc

+44 (0) 207 440 0647

Andrew Suckling

Kiran Morzaria

 

WH Ireland Limited (NOMAD & Broker)

 

+44 (0) 207 220 1666

James Joyce

James Bavister

 

Square1 Consulting

 

+44 (0) 207 929 5599

David Bick

Brian Alexander

About Cadence Minerals:

Cadence is dedicated to smart investments for a greener world. The planet needs rechargeable batteries on a global scale – upcoming supersized passenger vehicles, lorries and buses – require lithium and other technology minerals to power their cells. Cadence is helping find these minerals in new places and extracting them in new ways, which will meet the demand of this burgeoning market. With over £40 million vested in key assets globally, Cadence is helping us reach tomorrow, today.

Cadence invests across the globe, principally in lithium mining projects. Its primary strategy is taking significant economic stakes in upstream exploration and development assets within strategic metals. We identify assets that have strategic cost advantages that are not replicable, with the aim of achieving lower quartile production costs. The combination of this approach and seeking value opportunities allows us to identify projects capable of achieving high rates of return.

The Cadence board has a blend of mining, commodity investing, fund management and deal structuring knowledge and experience, that is supported by access to key marketing, political and industry contacts. These resources are leveraged not only in our investment decisions but also in continuing support of our investments, whether it be increasing market awareness of an asset, or advising on product mix or path to production. Cadence Mineral’s goal is to assist management to rapidly develop the project up the value curve and deliver excellent returns on its investments.


Leave a comment

I would like to receive Brand Communications updates and news...
Free Stock Updates & News
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.