Nickel

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES OR JAPAN.

Horizonte (AIM:HZM)(TSX:HZM), is pleased to announce the completion of the Equity Fundraise announced on 23 November 2021 following admission to AIM and the TSX. In addition to the Equity Fundraise, which includes the UK Placing, Canadian Offering, Orion Strategic Investment and La Mancha Strategic Investment, the Company is also pleased to confirm closing of the Glencore Subscription and the Open Offer. The Company has issued a total of 2,102,209,850 Ordinary Shares raising gross proceeds of approximately £147.2 million

The Company intends to use the net proceeds for the construction of the Araguaia Project, as well as for general working capital purposes.

The Canadian Offering was conducted pursuant to the prospectus supplement of the Company dated 24 November 2021 to the base shelf prospectus of the Company dated 29 October 2021, filed in each of the territories and provinces of Canada, other than Quebec.

The UK Placing was conducted by BMO Capital Markets Limited and Peel Hunt LLP, acting as joint global coordinators and together with H & P Advisory Limited, acting as the joint bookrunners, and the Canadian Offering was conducted by BMO Nesbitt Burns Inc. and Paradigm Capital Inc. acting as joint global coordinators and joint bookrunners, together with Cormark Securities Inc. and Cantor Fitzgerald Canada Corporation acting as Canadian co-agents.

Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as defined in the announcement of the Equity Fundraise made by the Company on 23 November 2021.

About Horizonte Minerals:

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.

For further information, visit www.horizonteminerals.com or contact:

Horizonte Minerals plc
Jeremy Martin (CEO)
Anna Legge (Corporate Communications)
info@horizonteminerals.com
+44 (0) 203 356 2901
Peel Hunt LLP (NOMAD & Joint Broker)
Ross Allister
David McKeown
+44 (0)20 7418 8900
BMO Capital Markets (Joint Broker)
Thomas Rider
Pascal Lussier Duquette|
Andrew Cameron
Muhammad Musa
+44 (0) 20 7236 1010

This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America. This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.

Cautionary Statements Regarding Forward-Looking Information

This announcement contains "forward-looking information" including as that term is defined under applicable Canadian securities legislation. Such information includes but is not limited to the proposed use of proceeds. Generally, forward looking information can be identified by the use of words such as "plans", "expects" or "is expected", "scheduled", "estimates" "intends", "anticipates", "believes", or variations of such words and phrases, or statements that certain actions, events or results "can", "may", "could", "would", "should", "might" or "will", occur or be achieved, or the negative connotations thereof. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, which could cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such information. These risks include, without limitation, discretion of the Company with respect to the use of proceeds, political and regulatory risks associated with mining and exploration activities, including environmental regulation, risks and uncertainties relating to the interpretation of drill and sample results, risks related to the uncertainty of cost and time estimation and the potential for unexpected delays, costs and expenses, risks related to metal price fluctuations, the market for nickel and cobalt products, other risks and uncertainties related to the Company's prospects, properties and business as well as those risk factors discussed or referred to herein and in the Company's disclosure record, including in its annual information form for the year ended December 31, 2020 filed with the securities regulatory authorities in all territories and provinces of Canada, other than Quebec, and available at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates, assumptions or opinions should change, except as required by applicable law. The reader is cautioned not to place undue reliance on forward-looking information. The information in this announcement is subject to change.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Horizonte Minerals PLC



View source version on accesswire.com:
https://www.accesswire.com/679072/Horizonte-Minerals-PLC-Announces-Completion-of-Fundraise

News Provided by ACCESSWIRE via QuoteMedia

HZM:CA,HZM:LN

Horizonte Minerals PLC Announces Results of Annual General Meeting

Horizonte Minerals Plc (AIM:HZM, TSX:HZM) is pleased to announce that at the Company's Annual General Meeting held at Rex House, 4-12 Regent Street, London, SW1Y 4RG, all resolutions were voted on by way of a poll and were duly passed

The total number of votes received on each resolution is as follows:

Keep reading... Show less

Horizonte Minerals PLC Announces AGM Presentation

Horizonte Minerals Plc ("Horizonte" or the "Company") (AIM:HZM)(TSX:HZM), the nickel development company with assets in Brazil, announces that following the formal proceedings of today's Annual General Meeting, the Company's CEO, Jeremy Martin will be giving a presentation on the reporting year via the Investor Meet Company platform at 16:00 pm BST

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event or at any time during the event via your Investor Meet Company dashboard

Keep reading... Show less

Horizonte Publishes 2021 Sustainability Report

Horizonte Minerals Plc ("Horizonte" or the "Company") (AIM:HZM), (TSX:HZM) is pleased to announce that it has published its 2021 Sustainability Report. The Sustainability Report is Horizonte's third such disclosure and has been prepared in accordance with the Global Reporting Initiative Standards ‘Core' option

Jeremy Martin, Chief Executive Officer of Horizonte, commented:
"At Horizonte, we understand that value generation is inherently linked with sustainability. Nickel is a critical metal in the clean energy transition with demand growing at an unprecedented pace. The production of nickel, however, comes with environmental and social impacts. To balance these, in 2021 we commenced technical studies and programs that will help us to design controls so that wherever possible, we manage these risks whilst enhancing the outcomes of the many benefits that our operations will bring.

Keep reading... Show less
Voltage Metals Corp Receives Approval to Trade on U.S. OTCQB Venture Market

Voltage Metals Corp Receives Approval to Trade on U.S. OTCQB Venture Market

Voltage Metals Corp. (CSE: VOLT) is pleased to announce that it has been approved to commence trading of its common shares on the OTCQB® Venture Market ("OTCQB"), beginning today under the ticker symbol VLTMF.

"We are pleased to offer investors yet another avenue for trading our shares, and look forward to increasing the awareness around our company for U.S. investors," said CEO, Bob Bresee . "We believe that trading on the OTCQB® can lead to overall enhanced liquidity and visibility in global capital markets."

Keep reading... Show less

Horizonte Minerals PLC Announces Breaking Ground at the Araguaia Nickel Project

Breaking Ground at the Araguaia Nickel Project

Horizonte Minerals Plc (AIM:HZM),(TSX:HZM), the nickel development company with assets in Brazil, is pleased to announce that the Company has officially commenced construction and broken ground at its flagship Araguaia Nickel Project (''Araguaia'' or the "Project

Keep reading... Show less
EV Nickel Inc

EV Nickel Inc. Update on Corporate Activity

EV Nickel Inc. (TSXV:EVNI) ("EV Nickel" or the "Company") updates:

  • Further to our press release dated March 7, 2022, the Company has now entered into compensation security agreements with its directors and officers effective May 18, 2022. The options shall remain priced as of March 7, 2022.

About EV Nickel

Keep reading... Show less

Latest Press Releases

Related News

×