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Horizonte Minerals to advance its Vermelho project into the growing EV battery space

Horizonte Minerals PLC's (LON:HZM)(TSE:HZM) chief executive Jeremy Martin tells Proactive London's Andrew Scott test work on samples of limonite ore from the Vermelho nickel-cobalt project has shown they're able to produce a high purity product containing 21.8% cobalt.

Nickel sulphate was also produced as a solution, ready for purification to final battery grade product.

''This news today is really the catalyst to start seeing the level of interest in the market ... we've had a number of inbound inquiries and it'll be interesting to see how this project develops over the next 12 months'', Martin says.

Quick facts: Horizonte Minerals PLC

Price: 9.03 GBX

AIM:HZM
Market: AIM
Market Cap: £130.88 m
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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...

on 12/8/20

2 min read