Home » Cadence Minerals (KDNC) » ShareProphets – Down Under Permission Makes this Car Battery Hunter Worth a Look

ShareProphets – Down Under Permission Makes this Car Battery Hunter Worth a Look

by Malcolm Stacey, ShareProphets

Hello Share Swampers. The world is changing. And part of the move is away from fossil fuels, including petrol. So it makes sense for armchair tycoons like us to look for companies in tune with this growing trend. Cadence Minerals (KDNC) is one such firm. 

It looks for lithium and other minerals which are used in electric vehicles. Not just cars, but lorries and buses, too. And the company has just had a bit of good news. It has a joint venture in Australia with an outfit called Hastings Technology Metals.

Hastings has just learned that Steve Dawson, Western Australia’s environment Minister, has granted a permit for the Yangibana Project. And Cadence owns 30% of the Yangibana North, Gossan, Hook, Kanes Gossan, Lions Ear and Bald Hill North Rare Earth Deposit which form part of the Yangibana shebang.

Cadence claims its probable that the deposits have reserves of 2.1 million tonnes containing 1.66% rare earth elements.

With approval given, it probably clears the way for other permits to work nearby fields in which Cadence also has an interest.

 The Yangibana Project includes the development of five open pit mines, an on-site processing plant for the ore, storage facilities, access roads and supporting stuff, such as accommodation, offices and an airstrip.

Should you do some of your own research and buy the shares, you’re not just investing Australia. Cadence also operates in Greenland, Nevada, Mexico and Czecoslvakia.

Now it has to be stressed at this point that my colleague on this beautiful site, Gary Newman points out that lithium is not that rare a mineral. But having said that the batteries it feeds could need loads of the stuff, if electric vehicles using lithium batteries become the norm.

And now let’s talk about it in the Punter’s Return.

Original article here

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