Macarthur Minerals Update

RNS Number : 6379E

Cadence Minerals PLC

09 May 2017

 

Cadence Minerals Plc

("Cadence Minerals" or "Cadence")

Cadence Exercises Warrants in Macarthur Minerals

Cadence Minerals Plc (AIM/NEX: KDNC; OTC: KDNCY) has today exercised its remaining 7,500,000 warrants in Macarthur Minerals Limited ("Macarthur" or the "Company") at an exercise price of CAD$0.05, for a total consideration of CAD$375,000. This exercise of warrants will increase Cadence's interest in Macarthur Minerals to 20.3%.

Andrew Suckling, Executive Chairman of Cadence Minerals, commented:

"Cadence Minerals sees its strength as financially supporting emerging lithium exploration and development companies with excellent growth potential, as we have done and continue to do so with both Bacanora Minerals Limited and European Metals Holdings Ltd, the owners of the Sonora and Cinovec Lithium Projects respectively. We see tremendous potential in Macarthur Minerals large lithium exploration portfolio in Western Australia and we are particularly encouraged by Macarthur Minerals' significant lithium results recently reported from their Lida Valley play in Nevada." 

For further information please contact
Cadence Minerals plc	[phone]
Andrew Suckling
Kiran Morzaria
WH Ireland Limited (NOMAD & Broker)	[phone]
James Joyce
James Bavister
Square1 Consulting	[phone]
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.

 

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