REG - Horizonte Minerals - Exercise of Options and Total Voting Rights

Horizonte MineralsAnnouncement

31/03/2023 16:15

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RNS Number : 0103V  Horizonte Minerals PLC  31 March 2023

NEWS
RELEASE

31 March 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 365,000 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 5 April 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 will comprise 268,778,906 ordinary shares. The total number of voting
rights in the Company will be 268,778,906. 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
(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

 

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,
low-carbon and scalable. Araguaia is under construction with first metal
scheduled for early 2024, when fully ramped up with Line 1 and Line 2, is
forecast to produce 29,000 tonnes of nickel per year. Vermelho is at
feasibility study stage and is expected to 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 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 may constitute "forward-looking
information" under Canadian securities legislation. 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 ability of the
Company to complete the acquisition of required equipment, on time or at all,
the costs and timing for delivery of the necessary 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, the
success of exploration and mining activities; cost and timing of future
exploration, production and development, the ability of the Company to expand
production lines 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 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 form of the Company for the year ended
December 31, 2022, the Araguaia Report and the Vermelho 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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