Horizonte Minerals PLC announces exercise of options and total voting rights


LONDON, UK / ACCESSWIRE / April 8, 2022 / Horizonte Minerals Plc (AIM:HZM)(TSX:HZM), the Brazilian-focused nickel development company, announces that an application has been made to the London Stock Exchange for the admission of 6,000,000 common shares to trading on AIM (“Admission”) following the exercise of options by an employee of the Company. Admission is expected to become effective on or about April 11, 2022.

Following the issue of the new ordinary shares, the issued share capital of the Company will comprise 3,808,365,590 ordinary shares. The total number of voting rights in the Company will be 3,808,365,590. This figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their participation or the modification of their participation in the share capital of the Company under the Disclosure Guidance and Transparency Rules of Financial Conduct Authority.

For more information, visit www.horizonteminerals.com or contact:

Horizonte Minerals plc

Jeremy Martin (CEO)

Anna Legge (Corporate Communication)


+44 (0) 203 356 2901

Peel Hunt LLP (Designated Advisor and Co-Broker)

Ross Allister

David McKeown

+44 (0)20 7418 8900

BMO (Joint Broker)

Thomas Cavalier

Pascal Lussier Duquette

Andrew Cameron

+44 (0) 20 7236 1010

About Horizonte Minerals:

Horizonte Minerals plc (AIM & TSX:HZM) is developing two wholly owned Tier 1 projects in the State of Pará, Brazil – the Araguaia Nickel Project and the Vermelho Nickel-Cobalt Project. Both projects are large-scale, high-quality, low-cost, low-carbon, and scalable. Araguaia is fully funded and under construction. The project will produce 29,000 tonnes of nickel per year to supply the stainless steel market. Vermelho is at the 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 major nickel producer globally. Horizonte is developing a new nickel district in Brazil that will benefit from established infrastructure, including hydroelectric power available in the Carajás mining district.


Except for statements of historical facts about the Company, certain information contained in this press release constitutes “forward-looking information” under Canadian securities laws. Forward-looking information includes, but is not limited to, the Company’s ability to complete the acquisition of equipment as described herein; statements regarding the potential of the Company’s current or future mining projects; the Company’s ability to complete a positive feasibility study for the second RKEF line at Araguaia on time, or at all; successful exploration and exploitation activities; the cost and timing of future exploration, production and development; the costs and delivery schedule of equipment to be purchased as described herein, the estimate of mineral resources and reserves and the Company’s ability to achieve its mineral resource growth objectives; achieving mineral resource and reserve estimates and achieving production in line with the Company’s potential production profile or not 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 planned”, “budget”, “expects”, “estimates”, “plans”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions or statements that certain actions, events or results “could”, “could”, “would”, “could” or “will be taken”, “will occur” or “will be carried out”. Forward-looking information is based on management’s reasonable assumptions, estimates, analyzes and opinions made in light of its experience and perception of trends, current conditions and anticipated developments, as well as other factors that management believes relevant and reasonable for the circumstances on the date such statements are made, and are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity , the Company’s performance or achievements may differ materially from those expressed or implied by such forward-looking information, including, but not limited to, risks relating to: the Company’s inability to complete the acquisition of the equipment contemplated herein, on time or not at all, the Company’s ability to complete a positive feasibility study regarding the implementation of a second RKEF line in Araguaia on schedule or not at all, exploration and mining risks, competition from competitors with greater capital; the Company’s lack of experience with development-stage mining operations; metal price fluctuations; uninsured risks; environmental and other regulatory requirements; exploration, mining and other permits; the Company’s future payment obligations; potential disputes regarding the Company’s title to and the size of its mining concessions; the Company’s dependence on its ability to obtain sufficient funding in the future; the Company’s dependence on its relationships with third parties; the Company’s joint ventures; the potential for currency fluctuations and political or economic instability in the countries in which the Company operates; exchange rate fluctuations; the Company’s ability to effectively manage its growth; the trading market for the ordinary shares of the Company; uncertainty about the Company’s plans to continue to develop its business and new projects; the Company’s dependence on key personnel; the possible conflicts of interest of the directors and officers of the Company, and various risks associated with the legal and regulatory framework in which the Company operates, as well as the risks identified and disclosed in the Company’s disclosure file available on the profile of the Company on SEDAR at www. sedar.com, including, without limitation, the Company’s annual information for the fiscal year ended December 31, 2021, the Araguaia report and the Vermelho report. Although the Company’s management has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause the results not to be those anticipated, estimated or forecast. 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.

This information is provided by RNS, the information service of the London Stock Exchange. RNS is authorized by the Financial Conduct Authority to act as a primary information provider in the UK. Terms and conditions relating to the use and distribution of this information may apply. For more information, please contact rns@lseg.com or visit www.rns.com.

THE SOURCE: Horizonte Minerals PLC

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