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Pin to quick picksHorizonte Minerals Share News (HZM)

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Share Price Information for Horizonte Minerals (HZM)

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Share Price: 0.325
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AIM WINNERS & LOSERS: Harland & Wolff rises as loan talks progress

Fri, 29th Dec 2023 10:45

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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AIM - WINNERS

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Harland & Wolff Group Holdings PLC, up 18% at 13.54 pence, 12-month range 8.5p-25.5p. The maritime and offshore fabrication company receives ministerial approval for a new credit facility with UK Export Finance. Will now advance negotiations in relation to a GBP200 million credit facility with the UK government's export credit agency under its Export Development Guarantee Scheme. The firm will firm up its bank syndicate and appoint a leader arranger, and begin necessary documentation.

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AIM - LOSERS

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Horizonte Minerals PLC, down 9.6% at 11.75p, 12-month range 7.53p-172p. The nickel mine development company returns gains from earlier this week. On Wednesday, it announced it had secured a USD20 million interim funding package, which will be used to progress "critical construction streams" at its flagship Araguaia nickel project in Brazil, as well as for general working capital purposes. The stock is up 46% over the past week, but down 92% over the past year.

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Saietta Group PLC, down 3.1% at 17.45p, 12-month range 16.00p-78.00p. The e-Drive system maker reports a "challenging" first half of its financial year, but notes "significant strides" have been made towards its transition to a full-scale production manufacturer from a research & development company. In the six months to September 30, revenue rises to GBP977,229 from GBP753,517 a year before, while its pretax loss narrows to GBP7.9 million from GBP9.4 million. "Saietta and its Indian [joint venture], Saietta VNA, have secured high volume [original equipment manufacturer] relationships in India and the US which are set to utilise the production capacity they have developed in Delhi and Sunderland. The group is therefore ready to enter the next stage of its evolution as a large-scale manufacturer," the firm says.

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By Elizabeth Winter, Alliance News deputy news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
27 Mar 2018 14:27

Horizonte Minerals Loss Widens As It Develops Brazilian Portfolio

LONDON (Alliance News) - Nickel miner Horizonte Minerals PLC reported on Tuesday a flat loss in 2017, a year in which it bought a second major project in flagship project in a

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25 Jan 2017 16:25

Horizonte appoints Wagner Lucio Oliveira as feasibility study manager

(ShareCast News) - Brazil-focused nickel development company Horizonte Minerals announced on Wednesday that it has appointed Wagner Lucio Oliveira to a non-board position as its feasibility study manager for its 100% owned Araguaia nickel project, which is being developed as the next major nickel pr

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19 Dec 2016 08:41

Horizonte Minerals requests proposals for Araguaia feasibility study

(ShareCast News) - Brazil-focused nickel development company Horizonte Minerals announced the issuance of a request for proposals on Monday, to engage consulting firms to prepare a definitive feasibility study for its 100%-owned Araguaia nickel project, which was being developed as the next major ni

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3 Oct 2016 07:37

Horizonte Updates Araguaia Study To Include Nearby Glencore Project

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9 Aug 2016 16:07

Horizonte Minerals makes progress at Araguaia

(ShareCast News) - Brazil-focused nickel development company Horizonte Minerals announced its unaudited financial results for the six months ended 30 June 2016 on Tuesday. The AIM-traded firm once again reported nil revenue, and a loss from operations of £786k, widening from the £538k loss at the sa

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8 Jun 2016 08:19

Horizonte Minerals Says Araguaia Environmental Licence Granted

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11 May 2016 10:15

Horizonte Minerals First Quarter Loss Narrows As It Develops Araguaia

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14 Apr 2016 15:09

AGM, EGM Calendar - Week Ahead

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15 Mar 2016 09:05

Horizonte To Keep Focus On Araguaia Project In Brazil As Loss Widens

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9 Feb 2016 12:06

Horizonte expands Brazil prospects with four new concessions

(ShareCast News) - Horizonte Minerals was expanding its Brazil prospects on Tuesday, revealing it had been awarded four new concession areas adjacent to its in-development Araguaia Nickel Project. The AIM-traded nicked development company, with a focus in Brazil, said the two southern concessions to

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9 Feb 2016 10:51

Horizonte Minerals Gets Four New Concessions At Araguaia In Brazil

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10 Nov 2015 09:00

Horizonte Produces Commercial Ferronickel From Pilot Test Plant

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9 Oct 2015 12:29

Horizonte Minerals cleared to issue second tranche of shares to fund Araguaia deal

(ShareCast News) - Nickel miner Horizonte Minerals has been given the green light by the Toronto Stock Exchange to issue the second of tranche of shares to fund part of its acquisition of the Araguaia nickel project in Brazil from Glencore. In a short statement released on Friday, the London-listed

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9 Oct 2015 07:48

Horizonte Minerals Issues Second Tranche Of Shares (ALLISS)

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2 Oct 2015 09:51

Horizonte Minerals receives part of funds from placement

(ShareCast News) - Nickel mining development group Horizonte Minerals said on Friday it has received part of the funding from its recent placing. The Brazil-focused company has received £1.1m from issuing 112.5m shares at 1p each, with 42.5m still to be issued at the same price on the Toronto Stock

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