Cadence Minerals (LON: KDNC) says the capital expenditure requirements for Amapa iron project have been reduced. Project financing talks continue with parties interested in taking a stake in the project. Cadence Minerals has invested $12.1m in Amapa and owns 32.6% of the project. The stake in Hastings Technology Metals has been sold. Cadence Minerals expects to leave the Aquis Stock Exchange on 5 April. The share price jumped 22.2% to 5.5p.
Kasei Holdings has changed its name to Kasei Digital Assets (LON: KASH). Non-executive director Bryan Coyne bought 75,000 shares at 9.75p each. The share price improved 7.89% to 10.25p. This is the highest the share price has been since June 2023.
Marula Mining (LON: MARU) has added to its team in Kenya. Gilbert Kibet is project geologist and Joy Chebet will be graduate geologist. Exploration work will commence on the Larisoro manganese mine in northern Kenya. The share price is 5.88% higher at 13.5p.
FALLERS
Chris Akers has increased his shareholding in Asimilar (LON: ASLR) from 10.3% to 12.1%. Asimilar has decided to leave the Aquis Stock Exchange and the share price slumped by three-fifths to 0.3p.
Food company Essentially Group (LON: ESSN) is acquiring Best of Latin Foodstuff Trading for £1.95m. The company sources food from growers in Latin America and supplies hotels and restaurants in the UAE, where Essentially Group already supplies juices and other drinks. The deal will triple the revenues of Essentially Group. The former owner Catalina Onate will become an executive director of Essentially Group. The share price slipped 14.3% to 45p. The March 2023 placing price was 50p.
Investment Evolution (LON: IEC) is expanding into Spain and it will grant subsidiary MRAL Spain non-exclusive recurring rights to the Mr Amazing Loans brand. Spanish company Investment Evolution Credit, not part of the group, will provide lending technology for a 49% stake in MRAL Spain. The Investment Evolution share price fell 5.88% to 80p. The share price has quadrupled this year.
Coinsilium Group Ltd (LON: COIN) has raised £472,500 at 2.5p/share with executive directors subscribing £40,000. The share price dipped 4.84% to 2.95p. There have also been creditor payments of £83,900 in shares. Each new share comes with a warrant exercisable at 3.75p/share. The cash will be invested in Web3 and AI technology and provide working capital.