Horizonte announces preliminary Cost-to-Complete estimate and achievable schedule for Araguaia Line 1 Estimate prepared by specialized mining construction and engineering firm G Mining Services Graham Crew appointed as interim Chief Operating Officer Actively engaging existing and new potential investors on a full financing solution Horizonte Minerals Plc announces the preliminary results of a review of the [...]
Horizonte Minerals Plc , the nickel development company, is pleased to confirm the appointment of Nicholas Michael as a Non-Executive Director of the Company with immediate effect. Paul Smith, Chair of the Board, said: "I am delighted to welcome Nick to Horizonte's Board. He brings considerable experience within the mining industry, particularly in technical diligence and engineering. We will be drawing on this extensive [...]
Horizonte Minerals Plc: 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 3. Details of person subject to the notification obligation Name Helikon Investments Limited City of registered office London Country of registered office United Kingdom 4. Details [...]
HORIZONTE SIGNS INTERIM US$20 MILLION FUNDING PACKAGE HIGHLIGHTS: Horizonte agrees a US$20 million interim funding package provided by Orion, Glencore and La Mancha The funding package is expected to provide liquidity while a full funding solution is progressed Agreement with existing Senior Lenders to defer interest payments due 31 December 2023 The Company continues to review the outstanding Project capital expenditure [...]
HIGHLIGHTS: Demobilization well advanced with two critical construction activities continuing to progress Consolidated cash position of US$42m as of December 15th 2023 which is expected to last until the end of January 2024 Positive discussions remain ongoing between lenders and cornerstone shareholders with regard to commercial terms for an interim financing solution to extend this period The Company and independent [...]
Horizonte Minerals Plc , the nickel development company, is pleased to confirm the appointments of Paul Smith as Non-Executive Director and Chair of the Board of the Company and of Karim Nasr as an Executive Director of the Company. As previously announced on 27 November 2023, the Board proposed the appointment of Paul Smith as Non-Executive Director and Chair, succeeding Vincent Benoit who had agreed to act as interim [...]
Horizonte Minerals Plc the nickel development company, announces the following changes to its board of directors and senior leadership team. These changes have been made as the Company advances discussions for a financing solution for its flagship Araguaia Nickel Project and the completion of construction of the Project. Jeremy Martin, Co-Founder and Chief Executive Officer of the Company will step down as CEO and as a [...]
Horizonte Minerals Plc the nickel development company, announces that it is continuing to work closely with its senior lenders and its cornerstone shareholders on a financing solution for its Araguaia Nickel Project , as announced on 2 October 2023, in parallel to progressing the capital cost and schedule analysis. To manage resources and funds whilst undertaking discussions with the Company's cornerstone shareholders and [...]
HIGHLIGHTS Construction progress continues to be made at Araguaia Strong safety performance, no lost time injuries with close to 5.1 million hours worked Rotary Kiln sections have been installed on the support piers The furnace shell is complete with roof installation underway All critical equipment packages have been contracted and are either on site or en route to site As of 30 September, 138,000 tonnes of ore averaging [...]
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 3. Details of person subject to the notification obligation Name FMR LLC City of registered office Boston Country of registered office United States of America 4. Details of the shareholder Full name of [...]
Horizonte Minerals Plc , the nickel company developing two Tier 1 assets in Brazil, announces today that it has made good progress in completing the final detailed engineering and construction design for Line 1 of its 100%-owned Araguaia Nickel Project . This work, along with a comprehensive cost review, has resulted in changes to the design and execution scope, which are expected to increase the overall capital [...]
Horizonte Minerals Plc , a nickel company developing two Tier 1 assets in Brazil, announces that application has been made to the London Stock Exchange for 300,000 ordinary shares to be admitted to trading on AIM following the exercise of options by an option holder. It is expected that Admission will become effective on or around 15 September 2023 and that such ordinary shares will also be listed concurrently on the [...]
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