A New Low-Cost Nickel Producer
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Horizonte Minerals Releases Financial Results
17 May, 2022
Horizonte Minerals plc
14 April, 2022
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Stock Code:
AIM: HZM, TSX: HZM
Company Exposure:
Nickel, Cobalt
Project Location:
Brazil
Horizonte Minerals plc is developing two 100% owned, tier-one projects in Parà state, Brazil – the Ferronickel Project and the Vermelho Nickel-Cobalt Project. Both projects are large scale, high-grade, low-cost, low-carbon and scalable. Araguaia is fully funded and in construction. The project will produce 29,000t of nickel per year to supply the stainless steel market. Vermelho is at feasibility study stage and will produce 25,000t of nickel and 1,250t of cobalt to supply the EV battery market. Horizonte’s combined near-term production profile of over approximately 60,000t of nickel per year positions the Company as a globally significant nickel producer.
Investment Highlights
- World-class portfolio of 100% owned projects in established mining jurisdiction
- Fully funded for Araguaia Stage 1 with clear path to cash flow and strategic shareholders onboard
- Exposure to robust stainless steel and high-growth battery markets
- ~60kt Ni pa of low cost, long-life and scalable production = “major” quality and scale
- Funds secured to progress Vermelho to a construction decision
- Clean Energy Transition driving significant nickel deficit
- Leveraging existing infrastructure to develop a nickel new district
- Low carbon footprint with further reduction initiatives embedded in operating model
- Significant scarcity of near-term, tier-1 nickel production project – Increase in M&A evident
