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Horizonte Minerals Completes USD25 Million Royalty Deal With Orion

Mon, 21st Oct 2019 15:29

(Alliance News) - Horizonte Minerals PLC on Monday said it has completed its USD25 million royalty transaction with Orion Mine Finance.

The deal was announced August 29, with Orion providing USD25 million of cash upfront in return for a 2.25% royalty on the Araguaia ferro-nickel project in Brazil. The money will go toward advancing "pre-construction work streams for Araguaia".

The royalty only applies to the first 426,429 tonnes of contained nickel within the final product, ferronickel, produced and sold.

Shares in Brazil-focused nickel company Horizonte were down 2.2% at 4.01 pence in London on Monday afternoon.

By Anna Farley; annafarley@alliancenews.com

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27 Jul 2010 16:15

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LONDON (Dow Jones)--Anglo Pacific Group PLC (APF.LN), a diversified commodities royalty company, said Tuesday it has signed a Memorandum of Understanding, or MOU, with Horizonte Minerals PLC (HZM.LN) for Anglo Pacific to acquire an option to purchase a Net Smelter Royalty, or NSR, on all revenues fr

27 Jul 2010 16:00

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27 Jul 2010 11:31

UPDATE: Horizonte Minerals To Buy Araguaia From Teck

(Adds detail and executive comment.) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Gold and base metals explorer Horizonte Minerals PLC (HZM.LN) Tuesday said it agreed to buy a nickel project in Brazil from Teck Resources Ltd. (TCK.A.T), in a deal that gives the Canadian mi

27 Jul 2010 10:58

Small caps round-up: Volex, Horizonte Minerals, Mountfield...

Power products specialist Volex said it is confident it will meet or exceed full-year guidance for the 12 months to 3 April 2011 after trading momentum established during the last financial year continued. Horizonte Minerals shares returned from suspension today after the company agreed to pay Tec

27 Jul 2010 07:53

Horizonte Minerals Agrees To Buy Araguaia From Teck Resources

LONDON (Dow Jones)--Gold, silver and base metals explorer Horizonte Minerals PLC (HZM.LN) Tuesday said it agreed to acquire a nickel project in Brazil from Canada's Teck Resources Ltd. (TCK.A.T). Horizonte said it agreed to acquire the Araguaia project from Teck in exchange for roughly 123 milli

27 Jul 2010 07:30

Horizonte Minerals Acquisition Of Teck Cominco -8-

return of the form of proxy will not preclude you from attending the General Meeting and voting in person, if you so wish. 14. Further Information Your attention is drawn to Parts II to X of this document, which provide further information on the Transaction. In particular, your attention is drawn

27 Jul 2010 07:30

Horizonte Minerals Acquisition Of Teck Cominco -7-

reviewing and approving the Group's strategy, budgets, major items of capital expenditure and acquisitions. The Company has an audit committee and a remuneration committee with formally delegated duties and responsibilities. The remuneration committee comprises David Hall and Allan Walker and is res

27 Jul 2010 07:30

Horizonte Minerals Acquisition Of Teck Cominco -6-

the highs of 2007 and the complementary lows induced by the world financial crisis of 2008/9, have levelled out. Since March 2009, the price of nickel has shown a steady rise from under US$5/lb to between US$9 and US$12 in recent months. In the medium and long terms, despite inevitable short term fl

27 Jul 2010 07:30

Horizonte Minerals Acquisition Of Teck Cominco -5-

a fellow of the Society of Economic Geologists and EuroGeol. Jeremy J. Martin (aged 33 years), MSc, ASCM, Director and Chief Executive Officer Mr Martin holds a degree in mining geology from the Camborne School of Mines, and a MSc. in mineral exploration from the University of Leicester. He has wor

27 Jul 2010 07:30

Horizonte Minerals Acquisition Of Teck Cominco Brasil S.A.

TIDMHZM RNS Number : 9561P Horizonte Minerals PLC 27 July 2010 ? NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION, INCLUDING BUT NOT LIMITED TO THE UN

27 Jul 2010 07:30

Horizonte Minerals Acquisition Of Teck Cominco -2-

27 Jul 2010 07:30

Horizonte Minerals Acquisition Of Teck Cominco -3-

under the AIM Rules for Companies, is to provide you with information on the Acquisition and the Placing (as defined below), (together, the "Transaction") and the Quantom Transaction (as defined below) and to explain why the Board considers it to be in the best interests of the Company and Sharehold

27 Jul 2010 07:30

Horizonte Minerals Acquisition Of Teck Cominco -4-

debt or reducing its cash reserves. With the merger of Horizonte's existing nickel laterite project, Lontra, with Araguaia, the combined exploration land holding will be approximately 730 km² hosting a series of mineralised zones. The Directors believe this will be of sufficient size and scale to al

15 Jul 2010 09:32

Horizonte Minerals: In Advanced Reverse Takeover Talks

LONDON (Dow Jones)--Horizonte Minerals PLC (HZM.LN), an exploration and development company focused on Brazil and Peru, Thursday announces that it is in advanced discussions in relation to an acquisition which would constitute a reverse takeover under the AIM Rules for Companies. MAIN FACTS:

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Horizonte Minerals Completes USD25 Million Royalty Deal With Orion

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