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Horizonte Minerals PLC HZMMF

Metals & Mining Industrial Metals & Minerals
Horizonte Minerals Plc is a United Kingdom-based nickel company. The Company is focused on developing two tier one projects in Para State, Brazil. Its projects include Araguaia Nickel Project and the Vermelho Nickel-Cobalt Project. Its 100% owned Araguaia Nickel Project is located south of the Carajas Mining District in Para State, north Brazil. The project has two principal mining centers: Araguaia Nickel South (ANS) and Araguaia Nickel North (ANN). ANS hosts seven deposits: Pequizeiro, Baiao, Pequizeiro West, Jacutinga, Vila Oito East, Vila Oito West, and Vila Oito, while ANN hosts the Vale do Sonhos deposit. Its 100% owned Vermelho Nickel-Cobalt project is located in the Carajas Mining District in Para State, northeast Brazil. The Vermelho nickel deposits consist of two hills named V1 and V2. The Company’s Vermelho Project is expected to produce 25,000 tons of nickel and 1,250 tons of cobalt to supply the electric vehicle (EV) battery market.


GREY:HZMMF - Post by User

Horizonte Minerals PLC
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Post by goldennorthon Aug 14, 2021 9:02am
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Post# 33705876

Good News - Moving Forward Update 2021

Good News - Moving Forward Update 2021Great News!

Horizone Minerals PLC announces it has today published its unaudited financial results for the six month period to 30 June 2021.

Highlights for the Period

  • Project financing of Araguaia nearing completion with credit approval process underway following completion of due diligence by the International Lenders.
  • Senior Debt Facility expected to benefit from significant Export Credit Agency Support.
  • Cornerstone strategic investor and final offtake agreements well advanced and expected to be finalised shortly after credit approvals.
  • Horizonte maintained a strong cash position of £22.2 million following completion of an £18 million equity fundraise in February 2021.
  • Financing discussions remain on track. Credit committee approval for the senior debt facility expected in Q3 2021 as previously announced
  • Vermelho progressing with Ramboll awarded Environmental and Social Impact Assessment contract.
 
https://www.youtube.com/watch?v=hiUyLa_Qp6M
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