Australia's Horizon Minerals soars after divestment of nickel project in Western Australia

Maritana Minerals

14/11/2025 04:58

** Shares of Horizon Minerals HRZ.AX rise as much as 9.7% to A$0.068, their highest level since October 27

** Gold producer's unit Poseidon Nickel Pty, to divestits Lake Johnston Project to Forestania Resources FRS.AX for A$35 million

** The Lake Johnston projectis a lithium and nickel exploration project located in Western Australia

** Funds from sale to be used to advance co's Black Swan nickel project in Western Australia

** HRZ gains 65% YTD, including day's moves

 (Reporting by Sherin Sunny in Bengaluru)

 ((Sherin.Sunny@thomsonreuters.com;))