Cadence announced yesterday that it has successfully raised £2.3m through an equity placing. The proceeds will be used as Cadence’s share in the capital required to fund the restart of operations at the Azteca plant, which forms part of the larger Amapá iron ore project in Brazil (Cadence holds a 36% interest). The redevelopment of Azteca is viewed as a key milestone in advancing and de-risking the broader Amapá project and will generate significant cash to fund the larger studies into restartin ....
