REG - Horizonte Minerals - Director Dealings

Horizonte MineralsAnnouncement

07/04/2022 15:00

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RNS Number : 6800H  Horizonte Minerals PLC  07 April 2022

NEWS
RELEASE

7 April 2022

 

Horizonte Minerals Plc

("Horizonte" or the "Company")

 

Director/PDMR Dealings

 

Horizonte Minerals Plc, (AIM: HZM, TSX: HZM) announces that on 06 April 2022,
Allan Walker, Non-Executive Director of the Company, purchased 566,367
ordinary shares of 1p each in the capital of the Company ("Ordinary Shares")
at an average price of 6.99 pence per Ordinary Share (the "Purchase").
Following the Purchase, Mr. Walker is now interested in 1,271,846 Ordinary
Shares representing 0.033% of the total voting rights of the Company.

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Allan Walker

 
 2   Reason for the notification
 a)  Position/status                                              Non-Executive Director

 
 b)  Initial notification/Amendment                               Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Horizonte Minerals plc
 b)  LEI                                                          213800OEYYR39UNYQY91
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument;

     (ii) each type of transaction; (iii) each date; and (iv) each place where
     transactions
 a)  Description of the financial instrument, type of instrument  Ordinary Shares of 6.99 pence each in Horizonte Minerals plc

     Identification code

                                                                  ISIN: GB00B11DNM70

 b)  Nature of the transaction                                    Share Purchase
     Price(s) and volume(s)

Price(s)    Volume(s)
                                                                  6.99 pence    566,367

 
 d)  Aggregated information

     Aggregate volume                                             566,367 Ordinary Shares purchased at

     Price                                                        6.99 pence per Ordinary Share

 e)  Date of the transactions                                     6 April 2022

 f)  Place of the transactions                                    London Stock Exchange

 

2

Reason for the notification

a)

Position/status

 Non-Executive Director

 

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor

a)

Name

Horizonte Minerals plc

b)

LEI

213800OEYYR39UNYQY91

4

Details of the transaction(s): section to be repeated for (i) each type of
instrument;

(ii) each type of transaction; (iii) each date; and (iv) each place where
transactions

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary Shares of 6.99 pence each in Horizonte Minerals plc

 

 

 

ISIN: GB00B11DNM70

 

b)

Nature of the transaction

Share Purchase

 

Price(s) and volume(s)

 

 Price(s)    Volume(s)
 6.99 pence    566,367

 

d)

Aggregated information

 

 

 

Aggregate volume

 

Price

 

566,367 Ordinary Shares purchased at

 

6.99 pence per Ordinary Share

 

e)

Date of the transactions

6 April 2022

 

f)

Place of the transactions

London Stock Exchange

 

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

 Anna Legge (Corporate Communications)

 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

 

 

About Horizonte Minerals:

Horizonte Minerals plc (AIM & TSX: HZM) is developing two 100% owned, tier
one projects in Parà state, Brazil - the Araguaia Nickel Project and the
Vermelho Nickel-Cobalt Project. Both projects are large scale, high-grade,
low-cost, low-carbon and scalable. Araguaia is fully funded and in
construction. The project will produce 29,000 tonnes of nickel per year to
supply the stainless steel market. Vermelho is at feasibility study stage and
will produce 25,000 tonnes of nickel and 1,250 tonnes of cobalt to supply the
EV battery market.  Horizonte's combined near-term production profile of over
50,000 tonnes of nickel per year positions the Company as a globally
significant nickel producer. Horizonte is developing a new nickel district in
Brazil that will benefit from established infrastructure, including
hydroelectric power available in the Carajás Mining District.

 

 

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 the acquisition of equipment as described herein, 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 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 as described herein, 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 the acquisition of equipment contemplated herein, 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, 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 (http://www.sedar.com) , including without
limitation, the annual information for of the Company for the year ended
December 31, 2020, the Araguaia Report and the Vermehlo Report. 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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