Article

Cadence is advancing the Amapá iron ore project in Brazil, where it has acquired a 35.7% interest. The project has completed a Preliminary Feasibility Study (PFS) and received a preliminary environmental license.

It aims to produce a premium direct reduction (DR) grade pellet feed concentrate for the growing green iron market. Cadence has shifted to a staged development strategy and plans to restart the small-scale Azteca plant to generate cash flows for further development of Amapá.