RNS Number: 7916 K Horizonte Minerals PLC 02 September 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Horizonte Minerals (HZM LN) 4.9p, Mkt Cap £70.9m – US$25m royalty funding for Araguaia • Horizonte Minerals has announced that Orion Mine Finance has agreed to provide US$25m for the funding of the company’s Araguaia ferro-nickel project in Brazil in return for a 2.25% royalty on the estimated production generated by Phase 1 of the project which is equivalent to 426,429 tonnes of contained nickel within ferronickel product. • The feasibility study for the Araguaia project describes an initial production phase where approximately 900,000tpa of ore is treated in a Rotary Kiln Electric Furnace (RKEF) to produce approximately 14,500tpa of nickel contained in 52,000tpa of ferronickel. • Capital investment of US$443m for the initial phase of the project is expected to generate an after tax NPV8% of US$401m and an IRR of 20.1% with cash costs equivalent to US$3.08/lb of contained nickel.. • The feasibility study includes the flexibility to double production to 29,000tpa of contained nickel by the addition of a second RKEF in the third year of the project. • Commenting on the royalty agreement, Chief Executive, Jeremy Martin, said that the funding from Orion “enables us to build out our owner's team, advance engineering and early works packages as we proceed to the start of full construction at Araguaia. This royalty financing is non-dilutive for shareholders, and has been pre-designed to be compatible with the project funding package.”
#HZM Horizonte is pleased to announce a Royalty agreement with Orion Mine Finance for the Araguaia nickel project.
Horizonte Minerals Plc (HZM.L) Announced that it has signed a royalty agreement with Orion Mine Finance to provide funding to advance its Araguaia ferro-nickel Project. Orion will be providing an upfront cash payment of $25 million in exchange for a 2.25% royalty on the Araguaia Project.
HORIZONTE ANNOUNCES US $25 MILLION ROYALTY FUNDING WITH ORION MINE FINANCE FOR THE DEVELOPMENT OF ITS ARAGUAIA PROJECT. Horizonte Minerals Plc, the nickel company focused in Brazil, which is developing the Araguaia project as Brazil's next ferro-nickel mine and advancing the Vermelho nickel cobalt project for the electric vehicle battery market, is...
RNS Number: 5283 J Horizonte Minerals PLC 20 August 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Horizonte Minerals (HZM LN) 2.575p, Mkt Cap £37.2m – Interim results • Horizonte Minerals reports a loss of £1.13m for the six months to 30th June (H1 – 2018 Loss £1.30m) as it moves ahead with the financing of its Araguaia ferro-nickel project in Brazil, the pre-feasibility study for the Vermelho project and continuing exploration of the Serra do Tapa project where it announced an initial mineral resource estimate yesterday. • Summarising progress at Araguaia, Chairman, David Hall, highlighted the de-risking of the project as a result of the award of the Construction Licence which permits the construction of the rotary kiln electric furnace plant and the associated infrastructure as well as the award of the Energy Decree which “guarantees … access to the national grid with the required electrical energy demand for the commercial ferronickel operation at Araguaia”. • Mr Hall also discussed the “successful completion” of test-work on the production of high purity nickel and cobalt sulphate at Vermelho which provides confirmation that the proposed Pressure Acid Leach process “is suitable to treat the Vermelho ore”. He also confirmed that the pre-feasibility study for Vermelho “is nearing completion with the anticipation that the results of the study will be announced later this quarter”.
Horizonte Minerals Plc (HZM.L) Announced, in its interim results for the six months ended 30 June 2019, that loss from operations fell to £1.0 million from £1.2 million posted in the same period preceding year. The company’s loss before tax stood at £1.1 million, compared to a loss of £1.3 million reported in the previous year. The basic and diluted loss per share stood at 0.0078p, compared to a loss of 0.091p reported in the previous year. The company’s cash and cash equivalents stood at £4.3 million (31 December 2018: £6.5 million).
RNS Number: 9481 I Horizonte Minerals PLC 14 August 2019 NEWS RELEASE. INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2019. 14 August 2019- Horizonte Minerals Plc, the nickel development company focused in Brazil, announces its unaudited financial results for the six months ended 30 June 2019 and the Management Discussion and Analysis for the same period.
#HZM We are pleased to announce today the release of the Serra do Tapa nickel resource. HZM now has 100% ownership of a large nickel district in Brazil. One of the largest undeveloped nickel laterite resources in the world.
Horizonte Minerals (HZM LN) 2.45p, Mkt Cap £35.4m –Initial resource estimate for Serra do Tapa • Horizonte Minerals reports an initialNi-43-101 compliant resource estimate for its wholly owned Serra do Tapa nickel deposit located in the Carajas region of Brazil and approximately 90km north of the company’s flagship Araguaia ferro-nickel project. • Based on 48,845m of drilling in 952 holes, at a cut-off grade of 0.9% nickel, Serra do Tapa is estimated to contain 70.3mt of measured and indicated resources at an average grade of 1.22% nickel, and 0.05% cobalt. An additional 2.7mt is classified as inferred at an average grade of 1.14% nickel and 0.06% cobalt. • We note that “The Mineral Resource was estimated in 2016 by Snowden Mining Industry Consultants”. • The company adds that, taken together with the Araguaia and Vermelho deposits, the resources at Serra do Tapa bring its overall mineral resources inventory to 280mt of measured and indicated material at an average grade of 1.25% nickel and 0.06% cobalt with an additional inferred resource of 16.9mt at an average grade of 1.18% nickel and 0.06% cobalt (all at a 0.9% nickel cut-off). • Taking the opportunity to provide a progress report on the company’s projects, Chief Executive, Jeremy Martin said that “Work on Araguaia is focused around advancing the project finance and the recruitment and selection of the project development team as we move towards construction”. He also disclosed that “The pre-feasibility study on the Vermelho nickel-cobalt project is at an advanced stage and is currently being finalised. We aim to announce the PFS to the market later this quarter”.
RNS Number: 7933 I Horizonte Minerals PLC 13 August 2019 NEWS RELEASE. HORIZONTE ANNOUNCES SIGNIFICANT NEW NICKEL RESOURCE. Horizonte Minerals Plc, the nickel development company focused in Brazil which is developing the Araguaia project as Brazil's next ferro-nickel mine and the Vermelho nickel cobalt project for the electric vehicle battery market, is...
RNS Number: 3854 G Horizonte Minerals PLC 23 July 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 0919 G Horizonte Minerals PLC 19 July 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
#HZM Horizonte's view on the recent nickel price hike here.
Horizonte Minerals plc (AIM/TSX) is a nickel development company focused in Brazil, which wholly owns the advanced Araguaia ferronickel project and the Vermelho nickel-cobalt project, located to the south of the Carajás mineral district. The Company is developing Araguaia into the next major ferronickel mine in Brazil, with targeted production by 2022. The Company has a strong institutional shareholder structure, including Teck Resources Limited, Canaccord Genuity Group, Richard Griffiths, Lombard Odier Asset Management (Europe) Limited, JP Morgan, Hargreaves Lansdown and Glencore, demonstrating that institutions recognise the true potential of the assets. The Company is led by a management team with extensive experience in both Brazil and the nickel sector.
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