REG - Horizonte Minerals - Board Appointments

Horizonte MineralsAnnouncement

11/07/2023 07:00

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RNS Number : 5701F  Horizonte Minerals PLC  11 July 2023

NEWS
RELEASE

11 July 2023

 

BOARD APPOINTMENTS

 

Horizonte Minerals Plc (AIM/TSX: HZM) ("Horizonte" or the "Company"), the
nickel company developing two Tier 1 assets in Brazil, is pleased to announce
the appointment of John MacKenzie as a Non-Executive Director and Simon Retter
as an Executive Director effective immediately.

 

John MacKenzie

John is a senior mining executive with more than 30 years of operational and
investment experience in the metals and mining sector, currently Chief
Executive Officer and Director of TSX-listed Capstone Copper Corp (current
market capitalisation of US$3billion). Previously, John was Executive Chair
and Founder of Mantos Copper before its merger with Capstone Mining in 2022.
He brings extensive operating and construction experience to the Board, in
particular in South American through his time as part of the Anglo American
group where he was a member of the Executive Committee and CEO of Copper at
Anglo American plc, CEO Zinc at Anglo Base Metals and General Manager at their
Minera Loma de Niquel mine and smelter in Venezuela, an RKEF ferronickel
operation similar in design capacity to Araguaia. He was also previously a
Non-Executive Director of KAZ Minerals plc.

 

John has a Master of Science in Mining Engineering from the University of the
Witwatersrand, a Master of Business Leadership from the University of South
Africa and has completed the Advanced Management Programme at Harvard Business
School.

 

Simon Retter

Simon has served as the group CFO of Horizonte Minerals since 2016. He is a
commercially focused business leader with almost 15 years of experience as an
Executive and Non-Executive Director focussed in the natural resources sector,
driving strategic growth and leading high-performance teams across various
financial roles.

 

Simon started his career at Deloitte in assurance and advisory, qualifying as
a chartered accountant before gaining extensive experience in the public
markets and the mining sector, specifically, reverse takeovers, IPOs and
secondary fundraising.

 

Change in Company Secretary

Mr Leonardo (Leo) Neves, Horizonte's General Counsel, has been appointed as
Company Secretary, taking over from Mr Simon Retter effective immediately. Mr
Neves is an experienced legal professional, having developed his career at law
firms Pinheiro Neto Advogados (Brazil), McMillan LLP (Canada) and Fasken
Martineau LLP (UK). He has also acted in-house for various mining companies,
including Ferrous Resources where he spent 9 years as Head of Legal and
Company Secretary. Mr Neves holds an LL.B. degree from University of Brasília
(UnB) and an LL.M. degree from the London School of Economics and Political
Science (LSE). He is qualified to practice as a solicitor in England and
Wales, as well as in Brazil and Portugal.

 

 

Jeremy Martin, CEO of Horizonte, commented:

"We are delighted to welcome John MacKenzie and Simon Retter to the Board at
this important time for Horizonte. These appointments emphasise the Board's
continued evolution enhancing the skillsets required to successfully deliver
two Tier 1 nickel projects.

 

"I am confident that John's in-depth experience in the base metals sector will
prove invaluable as we transition from a developer to a producer, and I look
forward to continuing the great work that Simon is doing, maximising the
potential of the assets for all our stakeholders."

 

For further information, visit www.horizonteminerals.com
(http://www.horizonteminerals.com) or contact:

 

 Horizonte Minerals plc                                                     info@horizonteminerals.com (mailto:info@horizonteminerals.com)

 Jeremy Martin (CEO)                                                        +44 (0) 203 356 2901

 Simon Retter (CFO)

 Patrick Chambers (Head of IR)

 Peel Hunt LLP (Nominated Adviser & Joint Broker)                           +44 (0)20 7418 8900

 Ross Allister

 David McKeown

 BMO (Joint Broker)                                                         +44 (0) 20 7236 1010

 Thomas Rider

 Pascal Lussier Duquette

 Andrew Cameron

 Tavistock (Financial PR)                                                   +44 (0) 20 7920 3150

 Emily Moss

 Cath Drummond

 

 

Regulatory

The following information is disclosed under Rule 17 of the AIM Rules for
Companies ("AIM Rules") and Schedule Two Paragraph (g) of the AIM Rules:

 

 

John Fraser MacKenzie (aged 55)

 

Mr MacKenzie does not hold any ordinary shares nor options over ordinary
shares in the Company.

 

 Current Directorships  Past Directorships (within the last five years)
 Capstone Copper Corp.  Kaz Minerals plc
 Mantos Copper S.A.     Mantos Copper (Bermuda) Limited
 Mantoverde S.A.

 

There is no further information which is required to be disclosed under
Schedule Two, paragraph (g) of the AIM Rules for Companies in respect of John
Fraser MacKenzie.

 

 

Simon James Retter (aged 41)

 

Mr Retter holds 107,679 ordinary shares and 3,282,500 options over ordinary
shares in the Company.

 

 

 Current Directorships                     Past Directorships (within the last five years)
 Timpton Ltd                               Aterian plc
 CTFR Holdings Ltd                         I-Med Group International Ltd
 Stonedale Management and Investments Ltd  I-Med Medical Therapy System Ltd
 Horizonte Minerals (IOM) Ltd              I-Med Sport Ltd
 HM Brazil (IOM) Ltd                       I-Med Treasury Ltd
 Vox Valor Capital Ltd                     Lan Greenfield Ltd
 HRC World plc                             Lan Group plc
 Adalan Ventures plc                       MDMS Online Ltd
 Fragrant Prosperity Holdings Ltd          Oplon Ltd
 ElixIrr International plc                 Skinside UK Ltd
                                           SulNOx Fuel Fusions Ltd
                                           SulNox Group plc
                                           TriSkin Ltd
                                           Upham Holdings plc
                                           Vertu Capital Holdings Ltd
                                           I-Med Aesthetics Ltd
                                           I-Med Animal Healthcare Ltd
                                           I-Med Clinics Ltd

 

Simon Retter was a director of I-Med Group International Ltd from 5 May 2017
until 5 December 2022. I-Med Group International Ltd entered into a creditors'
voluntary liquidation on 30 June 2020, with the company subsequently dissolved
on 5 December 2022.

 

There is no further information which is required to be disclosed under
Schedule Two, paragraph (g) of the AIM Rules for Companies in respect
of Simon James Retter.

 

 

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 large scale, high-grade, low-cost,
have 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 produce 24,000
tonnes of nickel and 1,250 tonnes of cobalt to supply the EV battery 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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