Horizonte Minerals PLC Announces Interim Results

INTERIM FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2021

Horizonte Minerals Plc, (AIM:HZM)(TSX:HZM) (the 'Company' or 'Horizonte'), the nickel development company focused on developing its ferro-nickel project in Brazil ('Araguaia' or 'the Project'), announces it has today published its unaudited financial results for the six month period to 30 June 2021 and the Management Discussion and Analysis for the same period. Both of the aforementioned documents have been posted on the Company's website www.horizonteminerals.com and are also available on SEDAR at www.sedar.com

Highlights for the Period

  • Project financing of Araguaia nearing completion with credit approval process underway following completion of due diligence by the International Lenders.
  • Senior Debt Facility expected to benefit from significant Export Credit Agency Support.
  • Cornerstone strategic investor and final offtake agreements well advanced and expected to be finalised shortly after credit approvals.
  • Horizonte maintained a strong cash position of £22.2 million following completion of an £18 million equity fundraise in February 2021.
  • Financing discussions remain on track. Credit committee approval for the senior debt facility expected in Q3 2021 as previously announced
  • Vermelho progressing with Ramboll awarded Environmental and Social Impact Assessment contract.

Events post the Reporting Date

  • Significant progress on key project execution preparation activities, including competitive tendering for supply of key processing equipment, electric furnace and project management (EPCM) services.
  • Operational Readiness Plan well advanced with all key permits in place for commencement of construction.
  • Key environmental and social programmes continuing in preparation for construction phase.
  • Mobilisation of Head of Projects to Brazil and appointment of Engineering, Community, Health and Safety Managers continues the build out of the project execution team.
  • Publication of 2020 Sustainability Report in accordance with Global Reporting Initiative.

Click on, or paste the following link into your web browser, to view the full announcement:
https://www.rns-pdf.londonstockexchange.com/rns/5244I_1-2021-8-12.pdf

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/659611/Horizonte-Minerals-PLC-Announces-Interim-Results

News Provided by ACCESSWIRE via QuoteMedia

The Conversation (0)
Canadian flag draped over "Ni" symbol and stock chart.

Top 5 Canadian Nickel Stocks in 2026

The nickel market improved at the end of 2025, and in the second quarter of 2026, prices for the base metal surged to a two year high of US$19,675 per metric ton (MT) on the London Metal Exchange.Prices have since fallen below US$15,600 due to oversupply conditions and a strong US dollar.... Keep Reading...
Steel rolls lined up on warehouse floor, with faint text and lighting creating reflections on the surfaces.

Nickel Price Trends: Q3 2026 Review and Forecast

Nickel slid to fresh 2026 lows in Q3 as doubts grew over how long Indonesia will keep a tight lid on supply.The metal rebounded in July from June lows, but quickly gave back those gains as the Indonesian government's mid-year quota review, elevated exchange inventories and weaker battery demand... Keep Reading...
Silhouettes of four people, two shaking hands, stand in front of large windows with a bright sky background.

BHP Sells Kambalda Nickel Concentrator to Gold Fields

BHP (ASX:BHP,NYSE:BHP,LSE:BHP) agreed to sell its Kambalda Nickel Concentrator and a package of surrounding tenements to South Africa’s Gold Fields (NYSE:GFI), carving off a key asset from its suspended nickel operations in Western Australia.The transaction transfers ownership of the Kambalda... Keep Reading...
Anglo American logo on phone screen.

Anglo Warns EU it Will Shut Brazil Mine if MMG Deal Blocked

European antitrust regulators are reportedly slated to face an ultimatum from Anglo American (LSE:AAL,OTCQX:AAUKF) to approve the US$500 million sale of its Brazilian nickel division to Hong Kong's MMG (OTCPL:MMLTF), or watch the operation shut down entirely.According to a Reuters report, Anglo... Keep Reading...

Interactive Chart

Latest Press Releases

Related News