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Cadence Minerals
(LSE:KDNC)
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Rating:47Neutral
Price Target:
4.50 p
▼(-23.73% Downside)
Action:Reiterated
Date:09/19/26
The score is primarily held back by weak operating performance and persistent cash burn (no revenue in 2025 and ongoing losses/negative free cash flow). A strong, low-debt balance sheet supports resilience, while technical indicators are mostly neutral and valuation is constrained by a negative P/E.
Positive Factors
Very Low Leverage
Minimal leverage reduces refinancing and interest-related pressure, preserving financial flexibility while Cadence advances or monetizes mineral investments. The lower debt ratio also gives the company greater capacity to withstand project delays and allocate resources without a heavily indebted capital structure.
Negative Factors
No Current Revenue and Continuing Losses
The absence of revenue and continuing net losses show that the business has not yet established a dependable operating earnings base. This limits internal funding capacity and makes future financial performance more dependent on successful investment realizations or progress in mineral projects.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
Minimal leverage reduces refinancing and interest-related pressure, preserving financial flexibility while Cadence advances or monetizes mineral investments. The lower debt ratio also gives the company greater capacity to withstand project delays and allocate resources without a heavily indebted capital structure.
Read all positive factors
Cadence Minerals (KDNC) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£23.45M
Dividend YieldN/A
Average Volume (3M)1.60M
Price to Earnings (P/E)―
Beta (1Y)1.53
Revenue GrowthN/A
EPS Growth-3.57%
CountryUK
Employees6
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding478,136,660
10 Day Avg. Volume2,759,273
30 Day Avg. Volume1,595,770
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)0.57
Price to Sales (P/S)0.00
P/FCF Ratio-9.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Cadence Minerals Business Overview & Revenue Model
Company Description
Cadence Minerals Plc focuses on the identification, strategic investment in, and advancement of lithium and rare earth mineral resources. The company also actively explores for iron ore and a range of other potential mining opportunities. Its port...
How the Company Makes Money
Cadence Minerals does not operate as a conventional producer with recurring sales from mining output in the information available here. Instead, it is structured primarily to generate value (and potential cash inflows) through (1) capital gains on...
Cadence Minerals Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
74
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | -1.02M | -3.10M | -4.59M | 577.00K |
| Gross Profit | 0.00 | 0.00 | -1.02M | -3.10M | -4.59M | 577.00K |
| EBITDA | -2.25M | -1.39M | -1.10M | -1.33M | -5.49M | -141.00K |
| Net Income | -2.31M | -1.71M | -3.33M | -3.02M | -5.50M | -144.00K |
Balance Sheet | ||||||
| Total Assets | 18.51M | 19.16M | 18.45M | 19.97M | 21.64M | 23.01M |
| Cash, Cash Equivalents and Short-Term Investments | 54.00K | 1.07M | 1.13M | 4.38M | 6.32M | 12.30M |
| Total Debt | 90.00K | 89.00K | 755.00K | 1.24M | 0.00 | 0.00 |
| Total Liabilities | 483.00K | 542.00K | 1.24M | 1.52M | 317.00K | 853.00K |
| Stockholders Equity | 18.03M | 18.62M | 17.21M | 18.45M | 21.32M | 22.15M |
Cash Flow | ||||||
| Free Cash Flow | -1.52M | -1.11M | -820.00K | -1.31M | -1.96M | -754.00K |
| Operating Cash Flow | -1.52M | -1.11M | -820.00K | -1.31M | -1.96M | -754.00K |
| Investing Cash Flow | -421.00K | -720.00K | -198.00K | 62.00K | -2.91M | 182.00K |
| Financing Cash Flow | 1.93M | 2.24M | 1.45M | 1.40M | 4.64M | -168.00K |
Cadence Minerals Technical Analysis
Negative
5.90
Price Trends
5.28
Negative
5.83
Negative
5.04
Negative
Market Momentum
-0.13
Positive
41.08
Neutral
32.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:KDNC, the sentiment is Negative. The current price of 5.9 is above the 20-day moving average (MA) of 5.23, above the 50-day MA of 5.28, and above the 200-day MA of 5.04, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 41.08 is Neutral, neither overbought nor oversold. The STOCH value of 32.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:KDNC.
Cadence Minerals Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | £25.56M | -2.92 | -22.32% | ― | ― | 65.32% | |
47 Neutral | £23.45M | -8.96 | -9.74% | ― | ― | -3.57% | |
46 Neutral | £56.03M | -27.75 | -5.37% | ― | ― | ― | |
46 Neutral | £13.83M | -3.30 | -14.52% | ― | ― | ― | |
45 Neutral | £123.43M | -30.00 | -14.73% | ― | ― | -2.08% |
* Basic Materials Sector Average
GB:KDNC
Cadence Minerals
4.75
0.45
10.47%
GB:ALL
Atlantic Lithium
15.00
5.75
62.16%
GB:KOD
Kodal Minerals
0.28
-0.01
-4.48%
GB:POW
Power Metal Resources Plc
12.00
-2.75
-18.64%
GB:CTL
CleanTech Lithium PLC
7.00
1.85
35.92%
Cadence Minerals Corporate Events
Business Operations and StrategyFinancial DisclosuresLegal ProceedingsPrivate Placements and Financing
Cadence advances Amapá restart as funding and licensing progress
Positive
Sep 29, 2026
Cadence Minerals reported unaudited interim results for the six months to 30 June 2026, highlighting progress at the Amapá Iron Ore Project where subsidiary DEV has secured key environmental licences and advanced refurbishment of the Azteca p...
Business Operations and StrategyRegulatory Filings and Compliance
Cadence-backed Amapá iron ore plant enters hot commissioning in Brazil
Positive
Sep 28, 2026
Cadence Minerals’ investee DEV Mineração has begun hot commissioning at the refurbished Azteca processing plant within Brazil’s Amapá Iron Ore Project, moving from cold and wet tests to running existing stockpiled feed a...
Business Operations and StrategyPrivate Placements and Financing
Cadence Minerals Raises £2.25m in Oversubscribed Retail and Placing Round
Positive
Sep 23, 2026
Cadence Minerals has completed an oversubscribed WRAP retail offer at 4.5 pence per share, raising approximately £450,000 and issuing 10 million new ordinary shares. Combined with an earlier placing and subscription, the fundraising totals ab...
Business Operations and StrategyPrivate Placements and Financing
Cadence Minerals Shuts WRAP Retail Offer Early Amid Strong Demand
Positive
Sep 22, 2026
Cadence Minerals has closed its WRAP Retail Offer ahead of schedule following stronger-than-expected demand from retail investors. The company plans to confirm on 23 September 2026 the total proceeds to be accepted and the number of new ordinary s...
Private Placements and Financing
Cadence Minerals launches £450,000 WRAP retail offer alongside £1.8m placing
Positive
Sep 18, 2026
Cadence Minerals has launched a WRAP retail offer to raise up to £450,000 through the issue of up to 10,000,000 new ordinary shares at £0.045 each, matching the price of its recently completed £1.8 million placing and subscription. ...
Business Operations and StrategyPrivate Placements and Financing
Cadence Minerals Raises £1.8m to Advance Azteca and Amapá Project
Positive
Sep 18, 2026
Cadence Minerals has raised £1.8 million via a placing and subscription of 40 million new shares at 4.5 pence, with an additional £0.45 million retail offer planned at the same price for existing UK shareholders. The funds will support i...
Business Operations and StrategyRegulatory Filings and Compliance
Cadence Advances Azteca Commissioning at Brazil’s Amapá Iron Ore Project
Positive
Sep 14, 2026
Cadence Minerals reported that cold and wet commissioning has begun at the Azteca processing plant within the Amapá Iron Ore Project, marking a key step toward restarting production from previously partially processed material. A recent inspe...
Business Operations and Strategy
Cadence Minerals completes Azteca plant refurbishment at Brazil’s Amapá iron ore project
Positive
Sep 4, 2026
Cadence Minerals has completed the mechanical refurbishment of the Azteca processing plant at the Amapá Iron Ore Project in Brazil, moving the facility into the commissioning phase. All eight plant systems are now in place, and the work was d...
Business Operations and StrategyRegulatory Filings and Compliance
Cadence nears completion of Azteca plant at Brazil’s Amapá iron ore project
Positive
Aug 27, 2026
Cadence Minerals reported that refurbishment of the Azteca processing plant at the Amapá Iron Ore Project in Brazil has reached 97% weighted physical completion as of 22 August, ahead of the 95% plan and up sharply from 87% earlier in the mon...
Business Operations and StrategyPrivate Placements and FinancingShareholder Meetings
Cadence Minerals Wins Shareholder Backing to Dis-Apply Pre-Emption Rights
Positive
Aug 26, 2026
Cadence Minerals announced that shareholders at its General Meeting have approved all resolutions, including the key measure to dis-apply pre-emption rights. The vote, with a substantial majority in favour, allows the board greater flexibility to ...
Business Operations and StrategyRegulatory Filings and Compliance
Cadence advances Azteca plant refurbishment at Brazil’s Amapá iron ore project
Positive
Aug 10, 2026
Cadence Minerals reported further progress on refurbishing the Azteca processing plant at the Amapá Iron Ore Project in Brazil, with weighted physical completion rising from 77% to 87% and remaining on schedule for a 31 August 2026 target. Ke...
Other
Cadence Minerals CEO Increases Stake with Share Purchase
Positive
Aug 6, 2026
Cadence Minerals has disclosed that its director and chief executive officer, Kiran Morzaria, purchased 733,867 ordinary shares in the company on 5 August 2026 at a price of £0.044 per share. Following this transaction, Morzaria’s total...
Business Operations and StrategyPrivate Placements and FinancingShareholder Meetings
Cadence Seeks Shareholder Backing for Amapá Infrastructure Funding
Negative
Aug 5, 2026
Cadence Minerals has called a General Meeting on 26 August 2026 to seek shareholder approval for a resolution that would allow the board to raise up to £500,000 of new equity without statutory pre-emption rights, primarily to fund urgent infr...
Business Operations and Strategy
Cadence Minerals schedules live online investor presentation for September
Positive
Aug 3, 2026
Cadence Minerals has announced that chief executive Kiran Morzaria will host a live online investor presentation via the Investor Meet Company platform on 4 September 2026 at 10:00 BST. The session is open to both existing and prospective sharehol...
Business Operations and StrategyShareholder Meetings
Cadence Minerals Schedules August General Meeting, Urges Proxy Voting
Positive
Jul 31, 2026
Cadence Minerals has called a General Meeting for 26 August 2026 in London, and has circulated the notice and proxy forms to its registered shareholders. The company is encouraging investors to vote by proxy, preferably appointing the chairman, ah...
Business Operations and StrategyLegal ProceedingsPrivate Placements and Financing
Cadence Minerals Launches ICSID Arbitration Over Sonora Lithium Concessions
Negative
Jul 29, 2026
Cadence Minerals has initiated international arbitration proceedings against the United Mexican States after the International Centre for Settlement of Investment Disputes formally registered its claim. The case stems from Mexico’s cancellat...
Business Operations and Strategy
Cadence advances Azteca plant refurbishment at Brazil’s Amapá iron ore project
Positive
Jul 27, 2026
Cadence Minerals has reported strong progress on refurbishment of the Azteca processing plant at the Amapá Iron Ore Project in Brazil, with weighted physical completion rising from 48% to 77%, ahead of the planned 72% at this stage. Key mecha...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Cadence Minerals Wins Shareholder Backing at AGM as Pre-Emption Motion Withdrawn
Positive
Jul 24, 2026
Cadence Minerals Plc secured shareholder approval for all resolutions presented at its latest Annual General Meeting, with the exception of a proposed disapplication of pre-emption rights, which was withdrawn before a vote. Shareholders backed the...
Business Operations and StrategyRegulatory Filings and Compliance
Cadence Minerals Pushes Azteca Plant Refurbishment Ahead of Schedule at Amapá
Positive
Jul 7, 2026
Cadence Minerals reported that refurbishment of the Azteca processing plant at Brazil’s Amapá Iron Ore Project is running ahead of schedule, with weighted physical progress at about 48% versus 41% planned. Key areas such as the hopper, ...
Private Placements and FinancingRegulatory Filings and Compliance
Cadence Minerals Raises Capital Through Warrant Exercise and Updates Voting Rights
Positive
Jul 7, 2026
Cadence Minerals has received notices to exercise warrants over 4,125,612 new ordinary shares at 1.27p per share, raising £52,395.27 in cash proceeds for the company. Application has been made for these warrant shares to be admitted to tradin...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.