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Horizonte Minerals Plc Announces Result Of Placing And Equity Fundraise

PRIVATENov 24, 2021

Round Type

Venture

Belo HorizonteMining

Description

Horizonte (AIM:HZM, TSX:HZM), is pleased to announce the successful completion of the Placing as part of the Equity Fundraise announced yesterday (the "Equity Fundraise Announcement").

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Company Information

Company

Horizonte Minerals PLC

Location

Belo Horizonte, Brazil

About

Horizonte Minerals plc (Horizonte or the Company) is an AIM and TSX-listed junior mining company – a nickel development company. The Company is developing Araguaia as the next major ferronickel mine in Brazil. Horizonte announced the acquisition of Vale’s Vermelho nickel project in late 2017, which is located approximately 85km from the northern part of Horizonte’s Araguaia project in the state of Pará, Brazil. Horizonte the potential to develop two individual nickel mines to produce ferro-nickel (saprolite ore) at Araguaia for the stainless-steel industry and nickel cobalt (limonite ore) at Vermelho for the electric battery market. Horizonte has a strong shareholder structure including; Teck Resources Limited, Hargreaves Lansdown, Richard Griffiths, Lombard Odier Asset Management (Europe) Limited, JP Morgan, Canaccord Genuity Group, Glencore and HSDL.

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Horizonte Minerals PLC raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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