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Pin to quick picksHorizonte Minerals Share News (HZM)

Share Price Information for Horizonte Minerals (HZM)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 0.325
Bid: 0.30
Ask: 0.35
Change: 0.05 (18.18%)
Spread: 0.05 (16.667%)
Open: 0.275
High: 0.325
Low: 0.275
Prev. Close: 0.275
HZM Live PriceLast checked at -

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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.

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11 May 2022 15:34

TRADING UPDATES: Zephyr, TransGlobe sales up; DeepMatter wins deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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11 May 2022 12:51

Horizonte awards earthworks contract for Araguaia ferronickel project

(Sharecast News) - Brazil-focussed nickel development company Horizonte Minerals has awarded the earthworks contract for the construction of its wholly-owned Araguaia ferronickel project to Copa Construção, it announced on Wednesday.

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31 Mar 2022 13:11

IN BRIEF: Horizonte Minerals completes convertible notes issuance

Horizonte Minerals PLC - nickel company focused on Brazil - Completes iUSD65 million convertible notes issuance and the sale of royalty in its Vermelho project for USD25 million upfront. Confirms it has received all subscription amounts for the convertible notes, as well as the purchase price for the Vermelho royalty. Says that it has now received or completed the relevant funding for all aspects of funding package.

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28 Mar 2022 13:32

IN BRIEF: Horizonte Minerals posts wider annual loss on higher costs

Horizonte Minerals PLC - nickel company focused on Brazil - Reports a pretax loss of GBP9.7 million for 2021, widened from GBP2.4 million in 2020. Administrative expenses rise 97% to GBP5.7 million from GBP2.9 million. Further, the company incurs a net finance cost of GBP4.0 million versus a GBP236,986 income in 2020. Records no revenue as it is still in its development phase. Says its Araguaia nickel project is scheduled to start ramp up in early 2024.

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22 Mar 2022 21:00

TRADING UPDATES: Marlowe makes acquisition; Kavango backs out of deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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18 Mar 2022 20:38

TRADING UPDATES: Angle US lab boost; Corcel to capitalise on nickel

(Alliance News) - The following is a round-up of updates by London-listed companies, issued this week and not separately reported by Alliance News:

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25 Feb 2022 20:12

TRADING UPDATES: Tintra faces sale delay; Seplat makes acquisition

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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29 Dec 2021 12:07

IN BRIEF: Horizonte Minerals sign loan documentation for debt facility

IN BRIEF: Horizonte Minerals sign loan documentation for debt facility

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20 Dec 2021 20:29

TRADING UPDATES: Saietta sales surge; Geiger Counter assets rise

TRADING UPDATES: Saietta sales surge; Geiger Counter assets rise

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10 Dec 2021 21:48

TRADING UPDATES: Robinson warns on sales volumes; Wandisco wins deal

TRADING UPDATES: Robinson warns on sales volumes; Wandisco wins deal

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24 Nov 2021 18:03

IN BRIEF: Horizonte Minerals raises GBP147 million in fundraise

IN BRIEF: Horizonte Minerals raises GBP147 million in fundraise

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23 Nov 2021 19:20

IN BRIEF: Horizonte Minerals plans USD633 million funding package

IN BRIEF: Horizonte Minerals plans USD633 million funding package

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12 Nov 2021 20:27

IN BRIEF: Horizonte Minerals loss for third quarter widens

IN BRIEF: Horizonte Minerals loss for third quarter widens

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12 Nov 2021 12:43

Horizonte Minerals reports progress in September quarter

(Sharecast News) - Nickel development company Horizonte Minerals updated the market on its operations in the September quarter on Friday, having received credit approval from a syndicate of international financial institutions and two export credit agencies for a senior secured project finance facility of up to $346.2m to fund the construction and development of Araguaia.

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1 Oct 2021 17:06

IN BRIEF: Horizonte Minerals gains credit approval for facility

IN BRIEF: Horizonte Minerals gains credit approval for facility

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