Horizonte Minerals PLC Appointment of Endeavour Financial (7863F)
31 October 2018 - 6:00PM
UK Regulatory
TIDMHZM
RNS Number : 7863F
Horizonte Minerals PLC
31 October 2018
31 October 2018
APPOINTMENT OF ENDEAVOUR FINANCIAL AS PROJECT FINANCE
ADVISOR
________________________________________________________________________________
Horizonte Minerals Plc, (AIM: HZM, TSX: HZM) ('Horizonte' or
'the Company'), the nickel development company focused in Brazil,
is pleased to announce the appointment of Endeavour Financial, a
leading financial advisor in the mining sector, to advise on the
arrangement of the project financing for the Araguaia Ferronickel
Project ('Araguaia', or 'the Project'), following the release of
its Feasibility Study results on 29 October 2018.
Jeremy Martin, Chief Executive of Horizonte, commented:
"Following the release of the results of the Feasibility Study
on Monday, we are pleased to announce the appointment of Endeavour
Financial as our financial advisor, focusing on the debt and
offtake development package for Araguaia. Endeavour Financial is a
well-regarded firm with a strong track record of success in the
mining industry, specialising in arranging multi-sourced financing
for single asset development companies, an example being the
recently closed US$750 million financing package for Lundin Gold's
Fruta del Norte project in Ecuador.
"We have noted the movement in the share price yesterday on AIM
with some concern and confirm we are not aware of any unpublished
price sensitive information. The Feasibility Study represents a
major de-risking step as we move towards the award of the
construction licence and advancing the Project funding. The results
of the study confirmed Araguaia is a high grade, scalable resource,
with low capital intensity, in the lower quartile of the C1 cost
curve for nickel laterites, and we are confident in our ability to
raise development finance for the Project. The Company is currently
well funded and we look forward to updating the market on
developments at both Araguaia and at the Vermelho nickel cobalt
project."
For further information visit www.horizonteminerals.com or
contact:
Horizonte Minerals plc
Jeremy Martin (CEO) +44 (0) 203 356 2901
Numis Securities Ltd (NOMAD & Broker)
John Prior
Paul Gillam +44 (0) 207 260 1000
Shard Capital (Joint Broker)
Damon Heath
Erik Woolgar +44 (0) 20 186 9952
Tavistock (Financial PR)
Emily Fenton
Gareth Tredway +44 (0) 207 920 3150
About Horizonte Minerals:
Horizonte Minerals plc is an AIM and TSX-listed nickel
development company focused in Brazil. The Company is developing
the Araguaia project, as the next major ferronickel mine in Brazil,
and the Vermelho nickel-cobalt project, with the aim of being able
to supply nickel and cobalt to the EV battery market. Both projects
are 100% owned.
About Endeavour Financial:
Endeavour Financial is a private independent merchant banking
company focused on providing expert and unbiased financial advisory
services to the global natural resources sector. Endeavour
Financial has a history of achieving success for clients based on
resource industry focus, innovative transaction skills and the
diverse professional backgrounds of its award-winning team.
Offering advice in project, corporate and debt capital markets;
equity-linked financings; mergers and acquisitions; and strategic
business development over more than two decades, Endeavour
Financial has established itself as a leading financial advisor in
the natural resources sector. More information on Endeavour
Financial and its services can be found at
www.endeavourfinancial.com.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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