Horizonte Minerals PLC Senior Debt Facility Documentation (8625W)
29 December 2021 - 6:00PM
UK Regulatory
TIDMHZM
RNS Number : 8625W
Horizonte Minerals PLC
29 December 2021
NEWS RELEASE
29 December 2021
Horizonte Minerals Plc
("Horizonte" or the "Company")
Horizonte Signs Senior Debt Facility Documentation
Horizonte Minerals Plc, (AIM: HZM, TSX: HZM) the nickel company
focused in Brazil is pleased to announce that it has signed loan
documentation in relation to its previously announced (30 September
2021) senior secured project finance debt facility of US$346.2
million (the "Senior Debt Facility") between Araguaia Niquel Metais
LTDA as the Borrower and a syndicate of international financial
institutions, the Lenders (BNP Paribas, BNP Paribas Fortis, ING
Capital LLC, ING Bank N.V., Natixis, New York Branch, Société
Générale and Swedish Export Credit Corporation). The documentation
covers the facilities provided by the international financial
institutions listed above. Ongoing documentation with the two
export credit agencies is due for completion in early Q1 2022.
First drawdown under the Senior Debt Facility is expected to occur
in the fourth quarter of 2022 following satisfaction of certain
conditions precedent customary to a financing of this nature,
including the issuance of the export credit agency guarantees.
Endeavour Financial is acting as financial advisor and Norton
Rose Fulbright LLP as legal counsel to the Company.
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 & Joint Broker)
Ross Allister
David McKeown +44 (0)20 7418 8900
BMO (Joint Broker)
Thomas Rider
Pascal Lussier Duquette
Andrew Cameron +44 (0) 20 7236 1010
About Horizonte Minerals:
Horizonte Minerals plc (AIM & TSX: HZM) is developing two
100% owned, tier one projects in Parà state, Brazil - the Araguaia
Nickel Project and the Vermelho Nickel-Cobalt Project. Both
projects are large scale, high-grade, low-cost, low-carbon and
scalable. Araguaia is construction ready and will produce 29,000
tonnes of nickel per year to supply the stainless-steel market.
Vermelho is at 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
globally significant nickel producer. Horizonte is developing a new
nickel district in Brazil that will benefit from established
infrastructure, including hydroelectric power available in the
Carajás Mining District.
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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