REG - Horizonte Minerals - Senior Debt Facility Documentation

Horizonte MineralsAnnouncement

29/12/2021 07:00

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RNS Number : 8625W  Horizonte Minerals PLC  29 December 2021

NEWS RELEASE

29 December 2021

 

Horizonte Minerals Plc

("Horizonte" or the "Company")

 

Horizonte Signs Senior Debt Facility Documentation

 

Horizonte Minerals Plc, (AIM: HZM, TSX: HZM) the nickel company focused in
Brazil is pleased to announce that it has signed loan documentation in
relation to its previously announced (30 September 2021) senior secured
project finance debt facility of US$346.2 million (the "Senior Debt
Facility") between Araguaia Niquel Metais LTDA as the Borrower and a syndicate
of international financial institutions, the Lenders (BNP Paribas, BNP Paribas
Fortis, ING Capital LLC, ING Bank N.V., Natixis, New York Branch, Société
Générale and Swedish Export Credit Corporation). The documentation covers
the facilities provided by the international financial institutions listed
above. Ongoing documentation with the two export credit agencies is due for
completion in early Q1 2022. First drawdown under the Senior Debt Facility is
expected to occur in the fourth quarter of 2022 following satisfaction of
certain conditions precedent customary to a financing of this nature,
including the issuance of the export credit agency guarantees.

 

Endeavour Financial is acting as financial advisor and Norton Rose Fulbright
LLP as legal counsel to the Company.

 

 

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 (NOMAD & 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 construction ready and 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 as described herein, statements with respect to the
potential of the Company's current or future property mineral projects; the
success of exploration and mining activities; cost and timing of future
exploration, production and development; 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 ability of the Company to complete the
Placing as described herein, and the realization of mineral resource and
reserve estimates. 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 as
described herein, 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, the inability of the Company to complete the Placing on the terms as
described herein, and various risks associated with the legal and regulatory
framework within which the Company operates. 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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