Horizonte Minerals PLC announces exercise of options and total voting rights

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LONDON, UK / ACCESSWIRE / July 5, 2022 / Horizonte Minerals Plc (AIM:HZM)(TSX:HZM), the Brazil-focused nickel development company, announces application has been filed with the London Stock Exchange for 50,000 common shares to be admitted to trading on AIM and listed for trading on the TSX (together referred to as the “Admission”) following the exercise of Options by an Option Holder. Admission is expected to become effective on or about July 6, 2022.

Following the issue of the new ordinary shares, the issued share capital of the Company will comprise 190,468,279 ordinary shares. The total number of voting rights in the Company will be 190,468,279. 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)
Simon Retter (CFO)

[email protected]
+44 (0) 20 3356 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

Tavistock (financial PR)
Jos Simson
Catherine Drummond

+44 (0) 20 7920 3150

About Horizonte Minerals:

Horizonte Minerals Plc (AIM & TSX: HZM) is developing two wholly owned Tier 1 projects in Pará State, 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 mining district of Carajás.

CAUTION REGARDING FORWARD-LOOKING INFORMATION

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 admission of the New Common Shares to trading on AIM and their listing on the TSX. 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 to be 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 , performance or achievements of the Company may differ materially from those expressed or implied by such forward-looking information, including, but not limited to, 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 Company’s profile on SEDAR at www.sedar.com, including, without limitation, the Company’s Annual Information Form 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 approved 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 [email protected] or visit www.rns.com.

THE SOURCE: Horizonte Minerals PLC

See the source version on accesswire.com:
https://www.accesswire.com/707519/Horizonte-Minerals-PLC-Announces-Exercise-of-Options-and-Total-Voting-Rights

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