viewHorizonte Minerals PLC

Horizonte Minerals' Araguaia feasibility study 'imminent', eyes battery grade nickel at second Brazil project

Test work is underway at Vermelho to see if the material is pure enough for the electric vehicle (EV) battery market

Test work is to see if grades are sufficient for EV batteries

Horizonte Minerals Plc (LON:HZM) has started work on ore from Vermelho in Brazil to test its suitability either for batteries or as a potential satellite to its flagship Araguaia project.

Vermelho, a nickel-cobalt project in the eastern part of the Carajás mining district was acquired by Horizonte in December,

Test work is underway to see if the material is pure enough for the electric vehicle (EV) battery market.

Alternatively, Horizonte is looking for a high-grade ferro-nickel source, which could potentially be treated at the Araguaia plant or at a new standalone facility at Vermelho. 

Jeremy Martin, Horizonte’s chief executive, said Vermelho had the potential to supply raw materials into the battery industry.

Martin added that the full Feasibility Study for Araguaia will be published ‘imminently’.

“The nickel market remains strong, with robust demand and inventories continuing to fall and Horizonte is firmly on its pathway to become a multi-asset nickel development company."

Quick facts: Horizonte Minerals PLC

Price: 4.2 GBX

Market: AIM
Market Cap: £60.75 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Horizonte Minerals PLC named herein, including the promotion by the Company of Horizonte Minerals PLC in any Content on the Site, the Company...



Market Report: FTSE gains despite UK recession gloom

Headlines from the Proactive UK newsroom. The FTSE has opened up slightly higher despite news that Britain has slumped into recession - suffering its biggest decline on record between April and June, with the economy shrinking 20.4% compared with the first three months of the year - this...

2 days, 4 hours ago

2 min read