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Horizonte Minerals now a developer of two 'world-class nickel assets'

Horizonte Minerals PLC's (LON:HZM) Jeremy Martin speaks to Proactive London's Andrew Scott soon after releasing the findings of a successful pre-feasibility study on its Vermelho project.

The PFS confirms a 'large, high-grade resource, with a long life and low-cost source of nickel sulphate for the battery industry.'

Martin also discusses the completion today of a US$25mln royalty transaction with Orion Mine Finance and the drawing down of the funds.

The cash will help fund the pre-construction work at its nickel plant at Araguaia in Brazil.

Quick facts: Horizonte Minerals PLC

Price: 3.778 GBX

AIM:HZM
Market: AIM
Market Cap: £54.64 m
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Horizonte Minerals secures US$25mln royalty

Horizonte Minerals PLC (LON:HZM) (CVE:HZM) saw its shares rise this week following a US$25mln deal with investment firm Orion Mine Finance to develop its Araguaia nickel project in Brazil.  CEO Jeremy Martin tells Proactive London what the royalty news means for the company and what the...

on 29/8/19

2 min read