Cadence Minerals Financing MOU Signed for Amapa Iron Ore Project #kdnc

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Cadence Minerals has signed a financing MOU for the Amapa iron ore project. The company has partnered with Chinese state-backed company Sinoma, which will provide a definitive feasibility study, a fixed price engineering procure and construct package, and will use its best commercial efforts to secure debt financing for the project. The CEO, Kieran Mosera, expressed confidence in the project and the company's strategy, highlighting that this partnership is a significant step in the development of the Amapa project. By Mark Fairbairn