Company
Horizonte Minerals PLC
LON:HZM
Horizonte Minerals PLC is an AIM and TSX-listed nickel development company focused in Brazil. The company is developing the Araguaia project, as the next major ferronickel mine in Brazil, and the Vermelho nickel-cobalt project, with the aim of being able to supply nickel and cobalt to the EV battery market. Both projects are 100% owned.
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Horizonte Minerals rises following successful equity fundraise
AIM-quoted nickel company will expand Araguaia ferronickel project in Brazil
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Today's Market View
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Horizonte Minerals raises £70mln in placing to fund Araguaia project
“Significant progress has been made since we broke ground at Araguaia in May and we remain well positioned to transition into a scalable Tier 1 nickel producer,” said CEO Jeremy Martin
Horizonte Minerals’ Araguaia nickel project approved by Brazilian government as Strategic Minerals Project
Araguaia is a globally-significant nickel project, currently under development
Horizonte Minerals swings to interim profit as significant progress made on flagship Araguaia project
The nickel development company moved to a pretax profit mainly helped by foreign exchange gains
Horizonte Minerals awards industrial civil works contract for Araguaia construction to Brazil's Copa
“The extension of our relationship with Copa, as a partner in the development of Araguaia, is another key milestone in the project's construction schedule,” said chief executive Jeremy Martin
Horizonte Minerals to fund community training for potential Araguaia workforce
Horizonte signed an agreement with Brazil's leading national industrial training provider to host the community skills training programme
Horizonte Minerals awards all major and long-lead-time process plant equipment contracts for Araguaia project
The successful completion of these contract awards is a significant de-risking event for the project
Horizonte Minerals publishes sustainability report for 2021
"Our comprehensive approach to sustainability has been an instrumental component of our success in securing project financing from a suite of leading international banks and investors," said CEO Jeremy Martin
Horizonte Minerals officially starts construction at flagship Araguaia nickel project
The Tier 1 project has a 24-month construction timeframe with Stage 1 target production of 14,500 tonnes of nickel per year
Horizonte Minerals swings to profit on large foreign exchange gain
Project development work is running on schedule with a significant ramp-up in activity expected over the coming months, it said
Horizonte Minerals awards key earthworks contract for construction of Araguaia project
Araguaia is fully funded for construction and is set to produce 29,000 tonnes of nickel annually for the stainless steel market
Horizonte Minerals appoints ESG veteran Philipa Varris as head of sustainability
Varris has held leadership positions in sustainability and ESG management in the mining sector for more than 25 years
Glencore ups stake in Horizonte Minerals to 9.8%
Horizonte bought the Araguaia ferro-nickel project from Glencore in 2015 for US$8mln
Horizonte Minerals completes final part of finance package for Brazil nickel mines
The Vermelho royalty highlights the compelling value within Horizonte's asset portfolio, said CEO Jeremy Martin
Horizonte Minerals reports good start to Araguaia mine construction
CEO Jeremy Martin also highlighted market forecasts for "continued exponential growth in demand" for nickel
Horizonte Minerals strengthens board as it moves towards production
“The appointment of Gillian and Vincent is the first phase of the board's evolution to better reflect our new shareholder register"
Horizonte Minerals awards EPCM contract as Araguaia ferronickel project advances
"Araguaia will be delivered according to an EPCM strategy, in partnership with AFRY," CEO Jeremy Martin highlighted
Horizonte Minerals a 'buy' with Peel Hunt as funding package tied up
The senior debt facility will fund the building of the Araguaia nickel mine
Horizonte Minerals closes US$346.2mln senior debt facility for construction of Araguaia nickel project
Last November, Horizonte announced it had initiated a US$633mln package to fully fund the construction of Araguaia
Horizonte Minerals appoints contractor to build furnace at Araguaia
Horizonte added it is also finalising contracts for Engineering, Procurement and Construction Management (EPC)
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Horizonte Minerals buys ferronickel processing equipment for Araguaia project
"Horizonte is well placed to capitalise on the significant emerging nickel market deficit," said chief executive Jeremy Martin
From greenfields exploration to financing a megaproject: Horizonte Minerals shows the way
Horizonte has just completed raising the equity component of the capital required for construction at Araguaia
Horizonte Minerals raises £147.4mln in placing as part of a transformational finance package
Yesterday, the company said it had initiated a US$633mln finance package for Araguaia
Horizonte Minerals initiates US$633M finance package to fully fund its Araguaia project in Brazil
The net proceeds of the proposed funding package will be used towards the construction of the Araguaia, as well as for general working capital purposes
Horizonte Minerals says preparations for Brazil's Araguaia project make 'significant progress'
The P&L is not especially relevant for a pre-revenue company. The important thing is, the cash balance remains healthy
Horizonte Minerals gains approval for US$346mln nickel mine loan
“With very few new nickel projects with these credentials at construction phase we believe today's news is a pivotal point in Horizonte's story"
Horizonte Minerals gets approval from export credit agencies for Araguaia development
The second tranche of the senior debt facility is expected to be provided by a syndicate of international financial institutions
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Horizonte Minerals says project financing for Araguaia is nearing completion
The cash position stood at £22.2mln at the half-year stage
Horizonte Minerals says 'significant progress' made in Brazil's Araguaia nickel project
The company is developing the Araguaia project as the next major ferronickel mine in Brazil and aims to supply nickel to the EV battery market
Horizonte Minerals a relatively lower-risk nickel company that should re-rate, says broker BMO
The company is at an advanced stage in negotiations to get most of the required funding, the analyst said
Horizonte Minerals finalising finance package for Araguaia mine
Due diligence has been completed by five international banks
Horizonte Minerals highlights strengthened financial position as it eyes Araguaia project finance
Multiple components of the Araguaia finance package are now reaching the final stages, the company highlighted
Horizonte Minerals' targeted production timing ideal, says Cormark Securities
"Horizonte’s targeted production start-up timing could not be better,” said analysts at Cormark Securities Inc
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Horizonte Minerals hails business and project milestones achieved in 2020
The Brazil-focused explorer also highlighted its cash balance of £10.9mln at the end of the year, which has since been supplemented by an £18mln fundraising in February
Horizonte Minerals is already a long way down the road towards becoming one of the world’s top twenty nickel producers
Horizonte has been building value steadily for years with its Brazilian nickel assets
Horizonte Minerals set to become a major player in Brazilian nickel scene
Vermelho is a nickel-cobalt project in the eastern part of the Carajás mining district
Horizonte Minerals raises US$9.2mln from bought deal private placement in Canada
Net proceeds, alongside the £12.2mln raised in a UK placing announced last month, will be put towards the start of construction of Horizonte's Araguaia nickel project in Brazil
Horizonte Minerals hires Michael Drake as head of projects
“The continued development of the broader team is a critical workstream as we advance our transition towards becoming a nickel producer," said Jeremy Martin.
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Horizonte Minerals gets greenlight for power line to Araguaia
It is described as a "critical step" in the path towards production at Araguaia.
Horizonte Minerals raises £18mln to fast-track Araguaia ahead of project financing
“This capital raise was underpinned by the strength of Horizonte's investment opportunity and the increasing appetite of investors for nickel,” Jeremy Martin highlighted
Horizonte Minerals started out with buy rating from Cantor Fitzgerald
“Both projects show robust valuations even at low nickel prices,” said Cantor analyst Matthew O'Keefe
Horizonte Minerals highlights significant progress at Araguaia project
The firm said it has completed a value engineering phase at the Brazilian nickel project to optimise operational performance, while capital and operational expenditure remain in line with a feasibility study following a comprehensive review
Horizonte Minerals says it is well funded to advance Araguaia project towards construction
The nickel developer also said the financing process for the project in Brazil is continuing to progress with a number of key milestones delivered
Horizonte Minerals a ‘buy’ for Peel Hunt after broker starts coverage
The house broker set the target price at 14p and sees strong growth prospect for greater exposure to nickel
Horizonte Minerals publishes sustainability report for Aragauia and Veremelho
Horizonte recently took a significant step forward in financing construction at Araguaia
Horizonte Minerals well-funded as Araguaia moves towards consruction phase
The AIM-listed group announced yesterday it had signed up five banks to lead the arrangement of a US$325mln finance package
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Horizonte Minerals hails "significant milestone" as five banks tasked with finding the US$325mln to get Brazil ferro-nickel project underway;shares up 24%
The stock in the mine developer was up 24% to 4.22p mid-morning
Horizonte Minerals looks well-funded to see through Covid-19 crisis, says ShoreCap
The analyst said he and many other industry watchers “have long shared the view that nickel prices should be significantly higher in the medium term, the billion dollar question being exactly how much higher”
Horizonte Minerals says financing process for Araguaia nickel project as yet unaffected by coronavirus pandemic
Horizonte has been steadily working up Araguaia for some years now
Horizonte Minerals donates food parcels to Brazilian families rendered vulnerable by coronavirus
Horizonte Minerals owns sizeable nickel projects in Brazil
Horizonte Minerals says value engineering and financing work is ‘on-track’
The mine developer remains "well funded" and key activities are still on track with project schedules
Horizonte Minerals well-funded to ride out coronavirus uncertainty
Horizonte's Araguaia nickel project is progressing towards a financing decision
Horizonte Minerals upbeat over nickel price
Araguaia is scheduled to begin production in 2021.
Hardware & electrical equipment
Horizonte Minerals updates on Corporate Social Responsibility program around its Araguaia Nickel Project
The group said the projects include strengthening the local supply chain; sex education and reproductive health; and diversification of the rural economy
Horizonte Minerals' tonnage bumped up for Serra do Tapa resource
Since the end of the quarter, Horizonte has also published a pre-feasibility study for the Vermelho nickel-cobalt deposit, its second site in Brazil
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Horizonte Minerals could be one of the world’s largest independent nickel producers, says Numis
Numis assigned the Vermelho nickel-cobalt project a value of US$410mln, a 27-fold growth from the previous US$15mln estimate
Horizonte Minerals completes Araguaia royalty deal with Orion
First production at Araguaia is expected in 2022 with the mine scheduled to run for 28 years and produce 52,000t of ferronickel per year.
Horizonte Minerals’ Vermelho confirmed as “large, high-grade, long-life and low-cost” nickel project
“With the PFS now successfully completed, the priority now is to identify partners, secure funding and advance the project by undertaking a full feasibility study," said chief executive
Expert project director added to Araguaia nickel mine
Brazil's Araguaia mine has been called “one of the leading nickel development projects globally” and is expected to generate US$1.6bn in its 28-year lifespan
Horizonte Minerals riding the wave of the nickel revival
Shares in Horizonte Minerals have enjoyed a strong run this year. But there is an argument – one supported by several City analysts – that Horizonte’s £66mln market capitalisation doesn’t reflect the mine developer’s full potential
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Horizonte Minerals secures US$25mln royalty deal with Orion Mine Finance for Araguaia project
Orion is one of the market’s largest financiers of mining projects with around US$5.1bn currently under management
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Horizonte’s up as latest tests show limonite ore from Vermelho can yield high purity cobalt and nickel sulphate
Testing of saprolite ore has already shown its amenability to conventional processing
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Horizonte Minerals releases financial results as investors await Araguaia project news
The company is preparing ahead of the construction phase at Araguaia and recently advanced the newly acquired Vermelho asset with testing.
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Horizonte Minerals "uniquely placed to benefit from the improving nickel market fundamentals"
The company has taken the Araguaia project from initial discovery through to a NI 43-101 compliant feasibility study, with a construction licence
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Horizonte Minerals gets double boost from metal tests at second project
Samples from Vermelho showed a ferronickel grade of 31.8% nickel
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