Base Metals

Horizonte Minerals PLC: Appointment of Head of Projects

Horizonte Minerals Plc, (AIM: HZM, TSX: HZM) (‘Horizonte' or ‘the Company') the nickel company focused on Brazil, is pleased to announce the appointment of Michael Drake as Head of Projects.

In his role as Head of Projects, Michael's primary responsibility will be overseeing the development of Horizonte's two 100% owned projects, the Araguaia ferro-nickel project ("Araguaia") and the Vermelho nickel-cobalt project ("Vermelho"). Work is currently focussed on starting construction at Araguaia subject to closing project finance, while Vermelho is being progressed through to feasibility study and permitting. Michael will be based out of the Company's Brazilian headquarters in Belo Horizonte, where he will work closely with the Company's in-country team.

Michael is a Mechanical Engineer with extensive international leadership experience in the construction, operation and optimisation of medium to large capex projects, with extensive expertise in both ferro-nickel, and nickel acid-leach operations. Prior to joining Horizonte, Michael worked for BHP, Newcrest Mining, and WMC Resources. At BHP, Michael led Cerro Matoso's US$350 million ferro nickel production line refurbishment with a complete furnace rebuild in Colombia. As Vice President: Projects and Engineering at Nickel West, he was responsible for the implementation of a US$5 billion capital investment programme, and he led the asset ramp-up phase of the Ravensthorpe nickel operation in Australia. Michael is a graduate from Curtin University and also has an MBA from the University of Western Australia.

Commenting on the appointment, Jeremy Martin, Horizonte's CEO, said: "We are pleased to welcome Mike to the Horizonte team. He has extensive experience in developing, operating and optimising nickel operations, his experience across both RKEF and HPAL technologies is well suited to the development of both of Horizonte's projects.

Mike will oversee the development of Araguaia and Vermelho in Brazil and will also be an invaluable asset to the corporate team in London. Horizonte has the capability to build and deliver the Araguaia ferro-nickel project, as well as simultaneously progressing Vermelho. The continued development of the broader team is a critical workstream as we advance our transition towards becoming a nickel producer."

For further information, visit or contact:

Horizonte Minerals plc
Jeremy Martin (CEO)
Anna Legge (Corporate Communications)
+44 (0) 203 356 2901
Peel Hunt (NOMAD & Broker)
Ross Allister
David McKeown
+44 (0)20 7418 8900

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.


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, the ability of the Company to complete the Acquisition as described herein, 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; the ability of the Company to complete the Placing as described herein, 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: the inability of the Company to complete the Acquisition as described herein, 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.

Primary Logo

News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)
Nordic Nickel CEO Todd Ross

Nordic Nickel CEO Sees Convergence of Supply Chain Players as Critical Metals Shortage Looms

Europe is set to become the second largest battery manufacturing hub outside of China, according to Nordic Nickel (ASX:NNL) Managing Director and CEO Todd Ross, and battery manufacturers and electric vehicle producers are now looking to secure future supply by partnering with resource companies.

“Downstream players are recognising that it's no longer possible for them to just be ready to buy whatever their critical minerals are … they need to look at partnering with companies like us early on, where they're securing their supplier for five to 10 years down the track,” Ross said.

Jurisdictions with known resources of critical minerals are also stepping up to boost exploration and production, such as speeding up the permitting process and bolstering infrastructure and access to skilled labour and equipment, he said. Nordic Nickel’s two nickel projects — Pulju and Maaninkijoki 3 — are located in Finland’s Central Lapland greenstone belt, one of the world’s most active geological districts for nickel sulphide.

Keep reading...Show less
canada compass pointing to the word "invest"

Tax Benefits of Flow-through Shares in Mining and Exploration

Flow-through and super flow-through shares have been gaining popularity in Canada's mining sector, and for good reason.

There's much to be gained by taking advantage of the tax incentives provided by these share models, particularly in mining-friendly jurisdictions like Quebec. ASX-listed companies with projects in Canada have found these tax measures especially beneficial.

The bottom line is that mining companies and investors alike can benefit financially from flow-through and super flow-through shares — but to understand why, one must first understand what these tax measures are.

Keep reading...Show less
Nickel Creek Platinum (TSX:NCP)

Nickel Creek Platinum

Keep reading...Show less
Blackstone Minerals

pCAM Designer Joins Ta Khoa Refinery Project Team

Blackstone Minerals Limited (ASX:BSX) (“Blackstone” or the “Company”) is pleased to formally announce the inclusion of Metso as the technology supplier for the precursor cathode active material (“pCAM”) into the Ta Khoa Refinery DFS delivery team. Metso is currently designing the pCAM plant with Wood, providing invaluable experience and engineering technical support. Metso will also conduct independent pCAM test work to ‘validate’ the nickel and cobalt sulphates generated during the ALS Pilot Program (refer to ASX announcement 20 December 2022) to be suitable for pCAM generation.

Keep reading...Show less
business people in meeting

LME Launches Two Consultations on Reforms in Wake of Nickel Crisis


(Adds details, background, quote)

Keep reading...Show less
Noble Mineral Exploration

Noble Acquires Newfoundland Claim

Noble Mineral Exploration Inc. ( “Noble” or the “Company” ) (TSXV:NOB ) , ( FRANKFURT:NB7 ) , ( OTC:NLPXF) announces that it has entered into an agreement with a vendor (the “ Vendor ”) to acquire one mining claim (the “Claim” ) in Newfoundland covering an area of approximately 175 hectares (the “Transaction” ). For further details regarding the Claim, please refer to the section entitled “Newfoundland Project” of the news release issued by Noble on January 17, 2023 (see Figure 1).

Pursuant to the Transaction, Noble is acquiring the Claim through the issuance of 25,000 common shares of Noble which will be subject to a four month hold period and payment of $5,000 Canadian dollars in cash. Under the Transaction, the Vendor will retain a 2% net smelter royalty (“ NSR ”) with Noble having the right to buy back 1% NSR for $500,000 Canadian dollars and the remaining 1% NSR for 1,000,000 Canadian dollars. The Transaction is subject to approval of the Board of Directors and the TSX Venture Exchange.

Keep reading...Show less

Latest Press Releases

Related News