IN BRIEF: Cadence secures litigation funding in Mexico project dispute

Cadence Minerals PLC - London-based mining services company - Says dispute financing group LCM Funding SG Pty Ltd has issued a funding confirmation notice following due diligence, securing non-recourse financing to support arbitration claims related to the Sonora Lithium Project in Mexico. The funding will cover legal fees and disbursements within an agreed budget, allowing Cadence and its subsidiary, REM Mexico, to pursue claims against the Mexican state under the UK-Mexico bilateral investment treaty. Cadence says Mexico ‘destroyed the value of Cadence and REM Mexico’s investments’ and ‘breached protections owed by Mexico to Cadence’. The LCM funding strengthens Cadence’s ability to advance the arbitration while preserving balance sheet flexibility.

Current stock price: 4.30 pence, up 3.6% in London on Wednesday

12-month change: more than doubled from 1.73p

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