RE: RNS31 Oct 2018 07:20
Horizonte Minerals Plc, (AIM: HZM, TSX: HZM) ('Horizonte' or 'the Company'), the nickel development company focused in Brazil, is pleased to announce the appointment of Endeavour Financial, a leading financial advisor in the mining sector, to advise on the arrangement of the project financing for the Araguaia Ferronickel Project ('Araguaia', or 'the Project'), following the release of its Feasibility Study results on 29 October 2018.
Jeremy Martin, Chief Executive of Horizonte, commented:
"Following the release of the results of the Feasibility Study on Monday, we are pleased to announce the appointment of Endeavour Financial as our financial advisor, focusing on the debt and offtake development package for Araguaia. Endeavour Financial is a well-regarded firm with a strong track record of success in the mining industry, specialising in arranging multi-sourced financing for single asset development companies, an example being the recently closed US$750 million financing package for Lundin Gold's Fruta del Norte project in Ecuador