Horizonte Minerals PLC Award of Power Line Licence for Araguaia Project (2604Q)
25 February 2021 - 6:00PM
UK Regulatory
TIDMHZM
RNS Number : 2604Q
Horizonte Minerals PLC
25 February 2021
NEWS RELEASE
25 February 2021
AWARD OF POWER LINE LICENCE FOR ARAGUAIA PROJECT
Horizonte Minerals Plc, (AIM:HZM, TSX:HZM) ('Horizonte' or 'the
Company') the nickel company focused on Brazil, is pleased to
announce that it has been awarded the construction licence package
for the development of the power line for its 100% owned Araguaia
Ferronickel Project ("Araguaia" or "the Project").
The approved package includes the preliminary licence (Licença
Prévia), the construction licence (Licença de Instalação), and the
related fauna and flora licences. These were granted by the Pará
State Environmental Agency, Secretaria de Meio Ambiente e
Sustentabilidade ('SEMAS').
This licence package permits the implementation of a 120km,
230KV power line, and respective substation. The power line will
connect Araguaia to the national power grid and will cover the full
power requirement for the Project at nameplate capacity.
Horizonte CEO, Jeremy Martin, commented: "Araguaia is already
fully permitted to start construction. The award of the power
licence package is a critical step in our path to production, and
further de-risks the Project by securing the full power requirement
for commercial operation. The power supply will be hydroelectric
which is a key factor in the ability to produce a low CO(2) per
tonne of product, in line with other Brazilian ferronickel
producers, placing Araguaia in the lowest half of carbon emitters
globally for nickel production. We look forward to updating the
market on progress at Araguaia over the coming months."
For further information, visit www.horizonteminerals.com or
contact:
Horizonte Minerals plc info@horizonteminerals.com
Jeremy Martin (CEO) +44 (0) 203 356 2901
Anna Legge (Corporate Communications)
Peel Hunt (NOMAD & Broker)
Ross Allister
David McKeown +44 (0)20 7418 8900
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.
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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