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Pin to quick picksHorizonte Minerals Share News (HZM)

Share Price Information for Horizonte Minerals (HZM)

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Share Price: 0.30
Bid: 0.25
Ask: 0.35
Change: 0.025 (9.09%)
Spread: 0.10 (40.00%)
Open: 0.275
High: 0.30
Low: 0.275
Prev. Close: 0.275
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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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21 Oct 2019 15:29

Horizonte Minerals Completes USD25 Million Royalty Deal With Orion

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21 Oct 2019 12:10

Horizonte Minerals completes $25m royalty funding transaction

(Sharecast News) - Brazil-focussed nickel company Horizonte Minerals, which is developing the Araguaia project as the country's next ferro-nickel mine and advancing the Vermelho nickel cobalt project for the electric vehicle battery market, announced the completion of the $25m (£19.26m) royalty transaction with Orion Mine Finance on Monday, and the subsequent drawdown of the funds.

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17 Oct 2019 10:56

Horizonte Minerals "Delighted" As It Files Vermelho Project Study

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29 Aug 2019 17:25

LONDON MARKET CLOSE: Gains As China Calms Trade War And Italy Gets PM

(Alliance News) - Stock prices in London closed higher on Thursday, the global investment mood lifted after China sought to reduce trade tensions with the US and a new coalition government was in

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29 Aug 2019 10:28

WINNERS & LOSERS SUMMARY: Micro Focus And Amigo Sink On Outlook

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - WINNERS----------Smiths up -

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29 Aug 2019 09:37

Horizonte Minerals Shares Rocket On USD25 Million Araguaia Funding

(Alliance News) - Horizonte Minerals PLC on Thursday said it has secured USD25 million in funding to advance the Araguaia ferro-nickel project in Brazil.London-listed shares in Horizonte up

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29 Aug 2019 08:52

Horizonte Minerals secures $25m finance package for Araguaia

(Sharecast News) - Brazil-focussed nickel company Horizonte Minerals has signed a royalty agreement with Orion Mine Finance to provide funding to advance its Araguaia ferro-nickel project, it announced on Thursday.

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14 Aug 2019 14:43

Horizonte Minerals Interim Loss Narrows As Makes Progress On Projects

(Alliance News) - Horizonte Minerals PLC on Wednesday said its loss narrowed in the first half of 2019 as it progresses on development of its projects in Brazil.The nickel development said

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13 Aug 2019 10:32

Horizonte Optimistic On Future Following Brazil Resource Upgrade

(Alliance News) - Horizonte Minerals PLC on Tuesday said it now has one of the world's largest undeveloped nickel and cobalt resources in the world, following an upgrade.Horizonte has a

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4 Jun 2019 11:29

Horizonte Minerals Finds High-Purity Cobalt, Nickel In Vermelho Sample

LONDON (Alliance News) - Horizonte Minerals PLC said Tuesday it has found high-purity cobalt and nickel sulphate following completed test work on limonite ore samples from the Vermelho project in

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16 May 2019 14:17

Horizonte Minerals Quarterly Loss Widens As Administrative Costs Rise

LONDON (Alliance News) - Brazil-focused nickel developer Horizonte Minerals PLC said Thursday its loss widened in the first quarter.Horizonte Minerals pretax loss for the three months to 31

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29 Mar 2019 11:42

Horizonte Minerals Loss Widens As It Moves Forward At Araguaia Project

LONDON (Alliance News) - Horizonte Minerals PLC on Friday reported a widened annual loss, as it made "significant" progress on its Araguaia project.In 2018, the Brazil-focused a a

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