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Horizonte Minerals Announces $25 Mln Royalty Funding With Orion Mine Finance
Horizonte Minerals FY Basic Loss Per Share Of 0.136 Pence
Lombard Odier Asset Management Owns About 9.85% Issued & Outstanding Ordinary Shares Of Horizonte Minerals As At Dec 8
Horizonte Minerals PLC is a United Kingdom-based nickel development company. The Company owns the advanced Araguaia nickel laterite project located to the south of the Carajas mineral district of northern Brazil. The Araguaia project area consists of approximately 20 exploration licenses totaling approximately 110,170 hectares. The Company has completed diamond drilling of approximately 45,420 meters. Its fourth phase program was designed to complete infill drilling on the grids on the Pequizeiro and Jacutinga deposits of the Araguaia nickel project. Its metallurgical test program includes a series of laboratory tests designed to establish the suitability of the ore for rotary kiln processing; smelting testing; work on agglomeration, and testing for rotary kiln operation and smelting conditions, including a range of physical and chemical laboratory tests. It has started an integrated pilot plant-testing program at Morro Azul RKEF pilot plant test work facility in Minas Gerais, Brazil.
Gold & Silver
Rex House, 4 -, 12 Regent Street
David John Hall
Non Executive Chairman of the Board
Jeremy John Martin
Chief Executive Officer, Non-Independent Executive Director
Simon James Retter
Chief Financial Officer, Company Secretary
Senior Metallurgical Advisor
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Shares in Horizonte Minerals <HZM.L> saw their biggest one-day drop in over two years on Monday after the company said the nickel mine it plans to build will be less profitable than previous estimated.
Shares in Horizonte Minerals tanked more than 12 percent on Monday after the company said the nickel mine it plans to build will be less profitable than previous estimates.
* HORIZONTE MINERALS CLOSES CANADIAN PORTION OF THE PLACING FOR CAD$3.6 MILLION RAISING A TOTAL OF £9.2M Source text for Eikon: Further company coverage:
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