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30 Apr 2019 | 13:48

Cadence Minerals welcomes Hastings Technology Metals funding progress

Cadence Minerals said investee company Hastings Technology Metals had recieved eligibility for the German United Loan Guarantee Scheme, for an indicative amount of up to $140m.

The scheme offers concessionary loan terms, typically over a period of seven years.

Cadence owns 30% of properties that form part of the Yangibana North rare earth deposit in Australia.

'The team at Cadence are encouraged that Hastings Technology Metals continues to progress financing options for the Yangibana rare earths project,' Cadence chief executive Kiran Morzaria said.

'We look forward to further developments.'

At 1:48pm: (LON:KDNC) Cadence Minerals Plc share price was +0.02p at 0.16p

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