It has long been our view that the stakes held in some Yangibana licenses had value and that at some point Hastings would want to “tidy up” the ownership structure. Today's announcement is a positive outcome for Cadence in our view. It brings forward value from Yangibana to Cadence and provides Cadence with ongoing exposure to a rapidly developing market of non-Chinese REE producers via its equity stake.
23 Jun 2022
Cadence Minerals (KDNC) - Binding agreement to sell stake in Yangibana
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Cadence Minerals (KDNC) - Binding agreement to sell stake in Yangibana
Cadence Minerals PLC (KDNC:LON) | 3.6 0 0.0% | Mkt Cap: 7.02m
- Published:
23 Jun 2022 -
Author:
Paul Smith | David Seers -
Pages:
4
It has long been our view that the stakes held in some Yangibana licenses had value and that at some point Hastings would want to “tidy up” the ownership structure. Today's announcement is a positive outcome for Cadence in our view. It brings forward value from Yangibana to Cadence and provides Cadence with ongoing exposure to a rapidly developing market of non-Chinese REE producers via its equity stake.