Further to the announcement earlier today, Chad Griffin and Geoff Rowley of FRP Advisory were appointed as Joint Administrators of Horizonte Minerals Plc , today, 16 May 2024. The Joint Administrators are now evaluating the Company's position to achieve the best possible recovery for the Company's creditors. Discussions between the Joint Administrators, the subsidiary directors and key stakeholders on alternative [...]
COMPANY'S SHARES As announced on 15 April 2024, Horizonte Minerals Plc has been unable to secure interest in the full financing needed to complete its 100% owned Araguaia Nickel Project . After a period of discussions with secured creditors, and existing and new potential investors on alternative scenarios with a view to a potential restructuring solution to attempt to achieve the best possible recovery for the Company's [...]
TORONTO, May 15, 2024 /CNW/ - The following issues have been halted by CIRO: Company: Horizonte Minerals Plc TSX Symbol: HZM All Issues: Yes Reason: Pending News Halt Time : 1:00 PM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which [...]
Horizonte Minerals Plc announces an update in relation to the interim funding package announced on 27th December 2023, pursuant to which the existing senior lenders agreed to waivers including the deferral of accrued interest originally due at 31st December 2023 to the end of February 2024. These waivers were subsequently extended to 29th March 2024 and 30th April 2024 and the existing senior lenders have now agreed to [...]
Horizonte Minerals Plc announces that, after a period of discussions to restructure the group's debt in conjunction with seeking a fully funded solution for its 100%-owned Araguaia Nickel Project and actively engaging existing and new potential investors, the Company has been unable to secure interest in the full financing needed to complete the Project or in a group acquiring the Project. In the absence of a financing [...]
Horizonte Minerals Plc announces that as part of the interim funding package as announced on 27th December 2023, pursuant to which the existing senior lenders had agreed to waivers including the deferral of interest originally due at 31st December 2023 to the end of February 2024 and subsequently extended to 29th March 2024, as announced on 1st March 2024, such senior lenders have now agreed to further extend the waivers [...]
TORONTO, March 28, 2024 /CNW/ - Trading resumes in: Company: Horizonte Minerals Plc TSX Symbol: HZM All Issues: Yes Resumption : 11:00 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading [...]
TORONTO, March 28, 2024 /CNW/ - The following issues have been halted by CIRO: Company: Horizonte Minerals Plc TSX Symbol: HZM All Issues: Yes Reason: Pending News Halt Time : 09:52 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which [...]
Horizonte Minerals Plc provides an update of progress on the refinancing efforts of its 100%-owned Araguaia Nickel Project . Further to the Company update on 19 February 2024 in which Horizonte announced the Cost to Complete capital expenditures required to complete the construction of Araguaia, commission the Project, and deliver first metal , the Company is providing a further update in relation to the refinancing [...]
Horizonte Minerals Plc announces that Araguaia Níquel Metais Ltda , the Company's Brazilian subsidiary developing the Araguaia Nickel Project, has been granted an injunction giving it a 60-day stay period in order to negotiate indebtedness and work on a restructuring plan to be approved by its creditors. This Precautionary Measure allows ANML a longer period to negotiate either directly with creditors or via mediation, in [...]
Horizonte Minerals Plc announces that as part of the interim funding package as announced on 27th December 2023, pursuant to which the existing senior lenders had agreed to waivers including the deferral of interest originally due at 31st December 2023 to the end of February 2024, such senior lenders have now agreed to extend the waivers until the 29th March 2024. The Company will continue to work closely with its major [...]
TR-1: Standard form for notification of major holdings 1. Issuer Details ISIN GB00BMXLQJ47 Issuer Name Horizonte Minerals Plc UK or Non-UK Issuer UK 2. Reason for Notification An acquisition or disposal of voting rights; An acquisition or disposal of financial instruments 3. Details of person subject to the notification obligation Name Helikon Investments Limited City of registered office London Country of registered [...]
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