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Exercise of Options and Total Voting Rights

27 Jul 2023 15:00

RNS Number : 4563H
Horizonte Minerals PLC
27 July 2023
 

NEWS RELEASE

27 July 2023

 

EXERCISE OF OPTIONS AND TOTAL VOTING RIGHTS

 

Horizonte Minerals Plc (AIM/TSX: HZM) ("Horizonte" or the "Company"), a nickel company developing two Tier 1 assets in Brazil, announces that application has been made to the London Stock Exchange for 700,000 ordinary shares to be admitted to trading on AIM ("Admission") following the exercise of options by option holders. It is expected that Admission will become effective on or around 28 July 2023 and that such ordinary shares will also be listed concurrently on the Toronto Stock Exchange.

 

Following the issue of the new ordinary shares, the Company's issued share capital comprises 269,478,906 ordinary shares. The total number of voting rights in the Company is 269,478,906. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the share capital of the Company under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.

 

 

For further information, visit www.horizonteminerals.com or contact:

 

Horizonte Minerals plc

Jeremy Martin (CEO)

Simon Retter (CFO)

Patrick Chambers (Head of IR)

 

info@horizonteminerals.com

+44 (0) 203 356 2901

Peel Hunt LLP (Nominated Adviser & Joint Broker)

Ross Allister

David McKeown

 

+44 (0)20 7418 8900

 

BMO (Joint Broker)

Thomas Rider

Pascal Lussier Duquette

Andrew Cameron

 

+44 (0)20 7236 1010

 

Barclays (Joint Broker)

Philip Lindop

Richard Bassingthwaighte

 

+44 (0)20 7623 2323

Tavistock (Financial PR)

Emily Moss

Cath Drummond

 

+44 (0) 20 7920 3150

 

 

 

ABOUT HORIZONTE MINERALS

Horizonte Minerals Plc (AIM/TSX: HZM) is developing two 100%-owned, Tier 1 projects in Pará state, Brazil - the Araguaia Nickel Project and the Vermelho Nickel-Cobalt Project. Both projects are high-grade, low-cost, with low carbon emission intensities and are scalable. Araguaia is under construction with first metal scheduled for 1Q 2024. When fully ramped up with Line 1 and Line 2, Araguaia is forecast to produce 29,000 tonnes of nickel per year. Vermelho is at feasibility study stage and is expected to supply nickel to the critical metals market. Horizonte's combined production profile of over 60,000 tonnes of nickel per year positions the Company as a globally significant nickel producer. Horizonte's top three shareholders are La Mancha Investments S.à r.l., Glencore Plc and Orion Resource Partners LLP.

 

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Except for statements of historical fact relating to the Company, certain information contained in this press release constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, the ability of the Company to complete any planned acquisition of equipment, statements with respect to the potential of the Company's current or future property mineral projects; the ability of the Company to complete a positive feasibility study regarding the second RKEF line at Araguaia on time, or at all, the ability of the Company to complete a positive feasibility study regarding the Vermelho Project on time, or at all, the success of exploration and mining activities; cost and timing of future exploration, production and development; the costs and timing for delivery of the equipment to be purchased, the estimation of mineral resources and reserves and the ability of the Company to achieve its goals in respect of growing its mineral resources; the realization of mineral resource and reserve estimates and achieving production in accordance with the Company's potential production profile or at all. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, and are inherently subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to risks related to: the inability of the Company to complete any planned acquisition of equipment on time or at all, the ability of the Company to complete a positive feasibility study regarding the implementation of a second RKEF line at Araguaia on the timeline contemplated or at all, the ability of the Company to complete a positive feasibility study regarding the Vermelho Project on the timeline contemplated or at all, exploration and mining risks, competition from competitors with greater capital; the Company's lack of experience with respect to development-stage mining operations; fluctuations in metal prices; uninsured risks; environmental and other regulatory requirements; exploration, mining and other licences; the Company's future payment obligations; potential disputes with respect to the Company's title to, and the area of, its mining concessions; the Company's dependence on its ability to obtain sufficient financing in the future; the Company's dependence on its relationships with third parties; the Company's joint ventures; the potential of currency fluctuations and political or economic instability in countries in which the Company operates; currency exchange fluctuations; the Company's ability to manage its growth effectively; the trading market for the ordinary shares of the Company; uncertainty with respect to the Company's plans to continue to develop its operations and new projects; the Company's dependence on key personnel; possible conflicts of interest of directors and officers of the Company, and various risks associated with the legal and regulatory framework within which the Company operates, together with the risks identified and disclosed in the Company's disclosure record available on the Company's profile on SEDAR at www.sedar.com, including without limitation, the annual information form of the Company for the year ended December 31, 2022, and the Araguaia and Vermelho Technical Reports available on the Company's website https://horizonteminerals.com/. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

 

 

 

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MSCUBUUROKUBUAR
Date   Source Headline
17th Jun 20247:00 amRNSCancellation - Horizonte Minerals Plc
16th May 20242:50 pmRNSAppointment of Administrators
16th May 20247:30 amRNSSuspension - Horizonte Minerals Plc
16th May 20247:00 amRNSNotice of resolution to appoint administrators
1st May 20247:00 amRNSCorporate Update
15th Apr 20247:00 amRNSCorporate Update
2nd Apr 20247:00 amRNSCorporate Update
28th Mar 20241:39 pmRNSCorporate Update
14th Mar 20244:40 pmRNSAraguaia Project Update
1st Mar 20247:00 amRNSCorporate Update
23rd Feb 202410:52 amRNSHolding(s) in Company
19th Feb 20244:53 pmRNSUpdated Capex and Schedule Estimate
18th Jan 20244:57 pmRNSAPPOINTMENT OF NICHOLAS MICHAEL TO THE BOARD
10th Jan 20245:35 pmRNSTR-1: Standard notification of major holdings
27th Dec 20237:00 amRNSINTERIM US$20M FUNDING PACKAGE SIGNED
19th Dec 20232:32 pmRNSARAGUAIA PROJECT UPDATE
18th Dec 20235:55 pmRNSAPPOINTMENT OF BOARD MEMBERS
27th Nov 20237:00 amRNSBOARD AND MANAGEMENT CHANGES
14th Nov 20238:02 amRNSARAGUAIA PROJECT UPDATE
23rd Oct 20237:00 amRNSQ3 2023 Construction Update
12th Oct 20237:00 amRNSHolding(s) in Company
5th Oct 20237:00 amRNSHolding(s) in Company
2nd Oct 20237:00 amRNSUpdate on Araguaia Nickel Project Construction
14th Sep 20231:00 pmRNSEXERCISE OF OPTIONS AND TOTAL VOTING RIGHTS
12th Sep 20237:00 amRNSPASSING OF FORMER CHAIR AND CO-FOUNDER
24th Aug 20237:00 amRNSOperations Director Appointed for Araguaia Project
17th Aug 20237:00 amRNSInterim Financial Results
3rd Aug 20237:00 amRNSQ2 2023 Araguaia Construction Update
2nd Aug 20237:00 amRNSNotice of Investor Presentation
27th Jul 20233:00 pmRNSExercise of Options and Total Voting Rights
25th Jul 20237:00 amRNSAPPOINTMENT OF JOINT CORPORATE BROKER
13th Jul 20237:00 amRNSAward of Options
11th Jul 20237:00 amRNSBoard Appointments
7th Jul 202311:03 amRNSHolding(s) in Company
6th Jul 20237:00 amRNSMINING APPROVAL RECEIVED FOR ARAGUAIA
29th Jun 20237:00 amRNSDELIVERY OF ROTARY KILN
15th Jun 20237:00 amRNSAraguaia Nickel Project Pictorial Update
24th May 20234:37 pmRNSResult of AGM
24th May 20237:00 amRNSHORIZONTE MINERALS PLC 2022 SUSTAINABILITY REPORT
23rd May 20234:05 pmRNSTR-1: Notification of Major Holdings
23rd May 20234:01 pmRNSTR-1: Notification of Major Holdings
28th Apr 20237:00 amRNSNotice of AGM
24th Apr 20237:00 amRNSAraguaia Construction Update
19th Apr 20237:00 amRNSNotice of Investor Presentation
31st Mar 20234:07 pmRNSExercise of Options and Total Voting Rights
29th Mar 20237:00 amRNSFINAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2022
6th Mar 20237:00 amRNSAraguaia Line2 Feasibility Study Contracts Awarded
27th Feb 20237:00 amRNSSecond drawdown complete
24th Feb 20239:04 amRNSTR-1: Notification of Major Holdings
16th Feb 20237:00 amRNSHORIZONTE MINERALS PICTORIAL UPDATE

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