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Horizonte Minerals well-funded to ride out coronavirus uncertainty

Horizonte's Araguaia nickel project is progressing towards a financing decision

Horizonte Minerals PLC - Horizonte Minerals well-funded to ride out coronavirus uncertainty

Horizonte Minerals PLC (LON:HZM)(TSE:HZM) remains well-funded to achieve its business goals, and has the financial stability to see out the ongoing uncertainty related to coronavirus, the company said in a statement on 17 March.

The company continues activities related to the various workstreams required to advance the Araguaia nickel project in Brazil to the construction-ready phase.

Horizonte will also continue to progress the financing process.

The nickel market fundamentals remain robust for the medium-term and aligned with the planned start of production at Araguaia.

On the ground in Brazil, Horizonte’s team is well prepared to continue its work while at the same time ensuring the safety of those in our employ as a top priority.

“We have implemented strict health and safety policies specifically tailored to COVID-19,” the company said.

“To date, we have had no reported cases of the virus at any of our Brazil offices nor in London.”

Quick facts: Horizonte Minerals PLC

Price: 8.3999 GBX

Market: AIM
Market Cap: £119.57 m

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