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Horizonte Minerals PLC

Busy run-up to Christmas for London’s junior miners

Mining Capital’s Alastair Ford caught up with Proactive’s Andrew Scott to chat through Horizonte Minerals Plc’s (LON:HZM, TSE:HZM) acquisition of the advanced Vermelho nickel-cobalt project in Brazil. They’re paying US$8 million for it - mostly in deferred payments.

Ford also discusses Base Resources Limited’s (LON:BSE) move to acquire the Toliara Sands project in Madagascar in a deal that will be funded by a US$100 mln placing and entitlement offer.

Also up for discussion is the news that European Metals Holdings Limited (LON:EMH) has added Cinovec NorthWest to the areas under consideration by the Czech State resource register for the granting of a mining license. Cinovec South was first put up for consideration back in February.

Plus – the changing of the guard at Vast Resources PLC (LON:VAST) as Andrew Prelea takes over as CEO.

Quick facts: Horizonte Minerals PLC

Price: £0.02

Market: AIM
Market Cap: £35.8 m
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Horizonte Minerals says completing aero survey for power line to Araguaia is...

Jeremy Martin, CEO of Horizonte Minerals Plc (LON:HZM, TSE:HZM) tells Proactive that detailed survey of the power line route to Araguaia project has been completed and contracts awarded to leading Brazilian consultants. “All of the subsidiary building blocks - the power, the water - are...

on 21/6/18

2 min read