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How ever it plays out, I only have hope, but typically with stocks retail investors get screwed. But I did pass this to one of my banker/investor friends for his take, and being lost in what he was saying, he was opptimistic and was saying hes seen the same thing many times, where they shake off creditors through these processes, and would likely be trying to prolong some processes to see the outcome of the nickel prices. The local goverments of that area would have bested interest in projects as thats economically good. Unfortunately these processes can take a long time, so we can only be hopeful there is no sale yet, as there is still an open oppertunity and that goes for the fact we still got a website up, and had that recent restructing info in recent months. Keep your eyes peeled and share what you might find, I been checking things weekly

Fingers crossed something comes, I got 450 000 shares locked up on HZMMF

Article was posted on newswire yesterday. dated 2022. Useless, i posted before the read.

Https://www.accessnewswire.com/newsroom/en/metals-and-mining/horizonte-minerals-plc-announces-port-contract-awarded-for-araguaia-nickel-project-729597

Here’s a summary of the document:

Parties Involved:

Araguaia Níquel Metais Ltda. (Debtor), a Brazilian company controlled by Horizonte Minerals, located in Belo Horizonte, MG.

Signatory Creditors: Listed in Schedule I, along with creditors who join after the filing date.

Background:

Araguaia has been developing a nickel project in Pará since 2011, including a ferronickel plant under construction in Conceição do Araguaia.

Original financing totaled $633.2 million, combining equity, royalty sales, convertible loans, and senior debt. $215.7 million of the senior debt was already drawn down.

Construction costs exceeded initial estimates, requiring an additional $454 million to complete the project.

Current Challenges:

The company is negotiating with potential investors but hasn’t received a binding offer.

Cash flow issues prevent the company from paying suppliers or servicing existing debt.

Plan Objectives:

Restructure part of the debt to preserve assets and infrastructure.

Suspend the installation license and maintain environmental obligations to keep the project viable for future funding and economic recovery.

Ensure fair treatment of creditors while preserving claims related to funding shortfalls.

Creditor Support:

The plan is backed by creditors holding 74.01% of unsecured claims (Class III) and 79.45% of small business claims (Class IV), in line with Brazilian bankruptcy law.

Goal:

The debtor seeks judicial approval for the plan to overcome its financial crisis, maintain its role in the Brazilian economy, and secure future investments to complete the Araguaia Project.

More money to be made from production, I hope administrators resort to funding, or do some debt/ with equity in stock, Just to keep afloat, and exit administration with funding package.