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Proactive news summary: Accesso technology group, Aminex PLC, Green Dragon Gas PLC and more
Horizonte Minerals and its game-changing deal, Chinese Green Dragon subsidy and hefty write-offs for troubled IPSA.
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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 and its game-changing deal, Chinese Green Dragon subsidy and hefty write-offs for troubled IPSA.
Horizonte Minerals PLC expects to deliver a pre-feasibility study for its Araguaia nickel project in Brazil in 2016, it said, posting final results.
Following the acquisition of Glencore’s GAP Project it is amassing a considerable footprint in the region.
The plan has always been to process the ore using a tried and tested technology called a Rotary Kiln Electric Furnace.
IMIC, Savannah Resources and Patagonia Gold also had news out this week
Investments and investor services
88 energy, Horizonte Minerals and Horizon Discovery were all also in the news
The company recently agreed to acquire GAP, the deposit adjacent to its Araguaia development.
Investments and investor services
A deal with leading Japanese pump maker Ebara creates a new opportunity in a hitherto fairly closed market for Hayward Tyler
Nickel recovery was 93% and crucially the end product was commercial. In fact the “ore performance exceeded our original expectations”, said chief executive Jeremy Martin.
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A mixed news bag to end the week. Here is a summary....
The total raised by the share issue was £1.55mln at a price of 1p per share.
Investments and investor services
Paragon Diamonds has agreed a US$15mln package to fund the development of its Lemphane and Mothae mines in Lesotho.
Under the Mining Capital brand, there’s been a new injection of enthusiasm and energy.
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A look back at the main news from the small cap space.
Horizonte doubles its resource base with the acquisition of neighbouring nickel property from Glencore
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Gem Diamonds was just one of many news items on a busy day in the small cap universe.