Horizonte Minerals PLC (AIM:HZM, TSX:HZM, OTC:HZMMF) rose 5% on Thursday following the completion of the £62mln equity fundraise announced early October.
The company intends to use the net proceeds of the fundraise to meet increased capital requirements for the construction of the company's Araguaia ferronickel project in Brazil, as well as for general working capital purposes.
AIM-listed HZE shares are now changing hands at 91p with a market capitalisation of £171mln.