Cadence Minerals

LN: KDNC

Market Cap£26m

Last Close 15p

Cadence Minerals is an early-stage investment and development company in the mining space, with a strong historical exposure to the lithium segment. In addition, it owns 30% in some tenements related to the Yangibana REE (Rear Earth Elements) project through a JV with Hastings Technology Metals.

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Investment summary

Cadence Minerals is an experienced investor in mining projects and companies with a portfolio of early-stage and advanced assets spanning lithium, iron ore and REE industries. The company gained early exposure to lithium and, while it retains stakes in a number of lithium assets, it has recently completed a 20% investment in the Amapa iron ore project, a past producing mine with associated transport infrastructure in Brazil.

Y/E Dec
Revenue (£m)
EBITDA (£m)
PBT (£m)
EPS (p)
P/E (x)
P/CF (x)
2014A 0.0 (1.3) (1.6) (0.03) N/A N/A
2015A 0.0 (1.6) (2.1) (0.03) N/A N/A
2016E 0.0 (2.0) (2.2) (0.03) N/A N/A
2017E N/A N/A N/A N/A N/A N/A
Content on Cadence Minerals
Cadence Minerals – Moving ahead with Amapa
Metals & mining | research QuickView | 18 February 2022
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Metals & mining
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Share price graph
Price performance
%
1m
3m
12m
Actual (11.8) (16.1) (48.1)
Relative* (10.6) (18.3) (49.5)
52-week high/low 31.0p/13.8p
*% relative to local index
Key management
Kiran Morzaria CEO