Cadence Minerals Plc, headquartered in London and listed on the AIM arm of the London Stock Exchange, is dedicated to exploring for lithium and other technology minerals in new places using advanced techniques. The planet’s demand for rechargeable batteries is growing exponentially and on a global scale, and Cadence is helping to meet the demand of powering cells by making significant investments in strategic metal upstream exploration and development assets around the world, including in Mexico, Czech Republic, Namibia, Greenland and Australia.
In 2016, RiverFort participated in a US$15 million convertible loan investment in Cadence, with proceeds going towards funding the company’s Mexican lithium project, and specifically accomplishing commercial production. RiverFort has since made subsequent investments in the company as Cadence has moved further towards solving supply-chain obstacles in the lithium-ion battery sector.
Use of Proceeds