Base Metals

Horizonte Minerals Plc, the nickel company focused on Brazil, is pleased to announce that it has filed and obtained a receipt for a final short form prospectus dated April 9, 2021 in the provinces of Ontario and British Columbia in connection with its previously completed private placement of 88,060,100 special warrants for gross proceeds of C$11,711,993.30. The Prospectus qualifies the distribution of the ...

HORIZONTE ANNOUNCES FILING OF FINAL SHORT-FORM PROSPECTUS QUALIFYING ORDINARY SHARES UNDERLYING PREVIOUSLY ISSUED SPECIAL WARRANTS

Horizonte Minerals Plc, (AIM:HZM)(TSX:HZM) ("Horizonte" or "the Company") the nickel company focused on Brazil, is pleased to announce that it has filed and obtained a receipt (the "Receipt") for a final short form prospectus dated April 9, 2021 (the "Prospectus") in the provinces of Ontario and British Columbia in connection with its previously completed private placement of 88,060,100 special warrants (the "Special Warrants") for gross proceeds of C$11,711,993.30. The Prospectus qualifies the distribution of the 88,060,100 ordinary shares in the capital of the Company (each, an "Ordinary Share") underlying the Special Warrants that will each be exercised for one Ordinary Share for no additional consideration and without further action on the part of the holders. As a result of obtaining the Receipt, the Special Warrants shall be deemed to be exercised and 88,060,100 Ordinary Shares will be issued, effective at 9:00 a.m. (Toronto time) on April 14, 2021. An application has been made for 88,060,100 Ordinary Shares to be admitted to trading on the AIM market of the London Stock Exchange ("AIM"). Admission to trading on AIM is expected to become effective on or around April 15, 2021 and the Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares

Following admission, Horizonte will have 1,700,155,740 Ordinary Shares in issue. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

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 (NOMAD & Joint Broker)

Ross Allister

David McKeown

+44 (0)20 7418 8900

BMO (Joint Broker)

Thomas Rider

Pascal Lussier Duquette

Andrew Cameron

+44 (0) 20 7236 1010

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.

CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION

Except for statements of historical fact relating to the Company, certain information contained in this press release constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the potential of the Company's current or future property mineral projects; the success of exploration and mining activities; cost and timing of future exploration, production and development; the estimation of mineral resources and reserves and the ability of the Company to achieve its goals in respect of growing its mineral resources; and the realization of mineral resource and reserve estimates. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, and are inherently subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to risks related to: exploration and mining risks, competition from competitors with greater capital; the Company's lack of experience with respect to development-stage mining operations; fluctuations in metal prices; uninsured risks; environmental and other regulatory requirements; exploration, mining and other licences; the Company's future payment obligations; potential disputes with respect to the Company's title to, and the area of, its mining concessions; the Company's dependence on its ability to obtain sufficient financing in the future; the Company's dependence on its relationships with third parties; the Company's joint ventures; the potential of currency fluctuations and political or economic instability in countries in which the Company operates; currency exchange fluctuations; the Company's ability to manage its growth effectively; the trading market for the ordinary shares of the Company; uncertainty with respect to the Company's plans to continue to develop its operations and new projects; the Company's dependence on key personnel; possible conflicts of interest of directors and officers of the Company, the inability of the Company to complete the Placing on the terms as described herein, and various risks associated with the legal and regulatory framework within which the Company operates. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise unless required to do so by applicable law or regulation.

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/639861/Horizonte-Minerals-PLC-Announces-Filing-of-Final-Short-Form-Prospectus

News Provided by ACCESSWIRE via QuoteMedia

Canada Nickel Announces New Nickel Discovery at Reid with Larger Footprint than Flagship Crawford Property Main Zone; Provides Update on Regional Exploration

Canada Nickel Announces New Nickel Discovery at Reid with Larger Footprint than Flagship Crawford Property Main Zone; Provides Update on Regional Exploration

Highlights

  • Reid Property – second hole of new discovery intersected dunite across entire 354 metre core length including an 84 metre highly mineralized interval.
  • All 21 holes drilled at Deloro , Reaume, and Nesbitt properties intersected target mineralization.

Canada Nickel Company Inc. ("Canada Nickel" or the "Company ") (TSXV: CNC) (OTCQX: CNIKF) today announced a new nickel discovery at its Reid property, where two drill holes have been completed as part of its regional exploration program. Drilling has commenced at Reid, as well as the Company's Deloro and Reaume properties, and assays from earlier drilling at Nesbitt have been received.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Renforth Resources Inc

Renforth Commences Surimeau Fieldwork with Focus on Lithium Values and Exploration

Renforth Resources Inc. (CSE:RFR) (OTC:RFHRF) (FSE-9RR) ("Renforth" or the "Company") is pleased to announce the commencement of the 2022 field season at Surimeau with a comprehensive list of targets with an emphasis on lithium mineralization present on the property, as presented below. At Surimeau Renforth is focussed on the ~20km mineralized Victoria structure, however, the property is sizeable and largely underexplored. Wide ranging ground exploration will be carried out this summer while the recently completed geophysical survey is undergoing interpretation. Upon completion of that interpretation by consulting geophysicists our field geologists and consulting geoscientists will work to plan a 10-20,000m drill program on the Victoria trend to be carried out this Fall.

2022 Field Targets

Keep reading...Show less
Further High-Grade Nickel Sulphides at Saints

Further High-Grade Nickel Sulphides at Saints

Auroch Minerals Limited (ASX:AOU) (Auroch or the Company) is pleased to announce that assay results have been received for a further three drill-holes at the St Andrews Prospect and one drillhole at the St Patricks Prospect (Figure 1) at the Saints Nickel Project (Saints; Auroch Minerals 100%) in Western Australia, with all four drill-holesintersecting high-grade massive nickel sulphides. These high-grade intersections are in addition to the high-grade mineralisation intersected in drill-holes SNDD021 and SNDD022 announced on 16th March 2022 and SNDD018 announced on 9 th March 2022

Keep reading...Show less

Horizonte Minerals PLC Announces Appointment of Head of Sustainability

Horizonte Minerals Plc ("Horizonte" or the "Company") (AIM:HZM)(TSX:HZM) the nickel development company focused in Brazil, is pleased to announce the appointment of Philipa Varris as Head of Sustainability with immediate effect

Philipa Varris has held leadership positions in sustainability and Environmental, Social and Governance ("ESG") management in the mining sector for over 25 years, primarily in Africa and Australasia and across a number of mineral commodities. Philipa has been awarded the Australian Centenary Medal for leadership in Australia's largest community consultation and strategic vision development initiative and was recognized in 2020 as one of the WIM UK 100 Global Inspirational Women in Mining. Philipa holds an MSc in Natural Resources, is a Chartered Environmental Professional, a member of the UK Committee of the Australian Institute of Mining and Metallurgy and is a qualified board candidate with Corporate Directors International. As a champion for mining ESG leadership, Philipa has led teams recognised with the Prospectors and Developers Association of Canada Award for Environment and Social Responsibility, the AMEEF Award for Environmental Excellence, and the Mines and Money ESG Producer of the Year Award, amongst others.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
The Importance of a Domestic Supply Chain for Critical Minerals

The Importance of a Domestic Supply Chain for Critical Minerals

We live in a time of transition. As nations and international organizations set ambitious climate and sustainability goals, commodity prices have soared and supply chains have entered a volatile state of flux. In addition, both of these trends have been significantly exacerbated by the war in Ukraine and recent lockdowns in China.

Questions about pricing and security of supply abound, not only for major, foundational resources such as oil, gas and coal, but also for a broad range of commodities, from food crops to fertilizer to metals. And all this is occurring against the backdrop of inflation rates not seen in decades.

The minerals and materials identified as critical to electrification and sustainability have been particularly impacted by these macro factors, pushing them to the forefront of prominence for governments and investors alike. Both Canada and the US have defined their own lists of critical minerals, a term that describes resources that have been identified as essential to either national security or green energy, and are sourced primarily internationally. The most noteworthy common thread between the two lists is that both heavily feature battery and platinum group metals (PGMs).

Keep reading...Show less
Metal Energy

Metal Energy Appoints Friedman as CFO

Metal Energy Corp. ("Metal Energy" or the "Company") (TSX.V: MERG) is pleased to announce that Joel Friedman has been appointed the Company's Chief Financial Officer. Joel is a finance professional with over 13 years of experience working in the mining and cannabis industries. Most recently, Joel served as the CFO of Khiron Life Sciences Corp, prior to this, he was Vice President, Finance at CannTrust Inc., and Director of Finance at Primero Mining Corp. and senior finance roles at Banro Corporation and Iamgold Corporation. Mr. Friedman began his career at Deloitte in the Real Estate and Resources group, where he worked with a variety of publicly listed clients throughout the mining lifecycle, from exploration to multi-asset operators. Mr. Friedman holds a CPA, CA and Honours Bachelor of Business Administration from the Schulich School of Business at York University, Canada.

Metal Energy and the Ore Group would also like to announce the departure of Kevin Canario, the Company's outgoing CFO. The entire Ore Group team thanks Mr. Canario for his dedication of service to the team and the Company's shareholders and wishes him the best in his future endeavours.

Keep reading...Show less

Latest Press Releases

Related News

×