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Horizonte Minerals PLC

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Market:
AIM
Market Cap:
£59.3 m
Price
4.10 GBX
Change
-3.53%
52 weeks high
6.98
52 weeks low
1.66

In brief

Horizonte Minerals plc (AIM/TSX) is a nickel development company focused in Brazil, which wholly owns the advanced Araguaia ferronickel project and the Vermelho nickel-cobalt project, located to the south of the Carajás mineral district. The Company is developing Araguaia into the next major ferronickel mine in Brazil, with targeted production by 2022.

The Company has a strong institutional shareholder structure, including Teck Resources Limited, Canaccord Genuity Group, Richard Griffiths, Lombard Odier Asset Management (Europe) Limited, JP Morgan, Hargreaves Lansdown and Glencore, demonstrating that institutions recognise the true potential of the assets.

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Snapshot

  • Construction permit granted for Araguaia ferronickel mine
  • Feasibili​ty study estimates value (NPV) at US$401mln
  • Building starts once funding of US$443mln is arranged
  • Vermelho project shows 'battery quality' nickel hydroxide