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Please note that the Company was placed into Administration on 16 May 2024 and Chad Griffin and Geoff Rowley of FRP Advisory were appointed as Joint Administrators.
The Joint Administrators will be winding-down the Company’s operations following which it will cease trading.
Should you have any queries regarding the administration, you can contact the Joint Administrators on hzmplc@frpadvisory.com.
The Joint Administrators act as agents of the Company and without personal liability.
The Company entered Administration on 16 May 2024. The affairs, business and property of the Company are being managed by the appointed Joint Administrators Chad Griffin and Geoffrey Paul Rowley.
Horizonte Minerals (HZM) is a nickel development company listed on the AIM market of the London Stock Exchange and the Toronto Stock Exchange with operations in Brazil.
The Company is developing two, 100% owned nickel projects in Pará State, north Brazil. The area has well-developed infrastructure, including roads, rail and hydroelectric power as a result of its proximity to the Carajas Mining District. With both projects, Araguaia and Vermelho, in operation Horizonte will become a major nickel producer supplying the stainless steel and battery markets.
Headquartered in London the Company is led by a management team with extensive experience operating in Brazil and the nickel sector. The Company also has an administrative office in Belo Horizonte, Brazil.
May 2022
Ground Break
January 2022
Project approval
March 2022
Completion of Vermelho Royalty
December 2021
Completion of project finance
August 2020
Execution of US$325M Senior Debt Mandate
October 2019
Vermelho Pre-Feasibility Study
August 2019
Royalty Funding Agreement
January 2019
Award of Construction Licence for Araguaia
October 2018
Araguaia Project feasibility study results
February 2018
Completion of trial excavation program at Araguaia
December 2017
Acquisition of Vermelho nickel-cobalt project from Vale
£9.2m fundraise in the UK and Canada
