A New Low-Cost Nickel Producer
Latest Featured Articles
Horizonte Minerals Advances the Permitting Process for Vermelho Nickel-Cobalt Project
26 January, 2023
The Assay Weekly Roundup: 1 to 6 December
7 December, 2022
Horizonte Minerals Awards Port Contracts for Araguaia Nickel Project
2 December, 2022
Horizonte Minerals Secures Renewable Long-Term Power Purchase Agreements
22 November, 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 Araguaia Ferronickel Project and the Vermelho Nickel-Cobalt Project. Both projects are large scale, high-grade, low-cost, low-carbon and scalable. Araguaia is in construction and due to produce first nickel in 1Q 2024. The project will produce 29,000t of nickel per year to supply the stainless steel market. Vermelho is undergoing a feasibility study and will produce 24,000t of nickel and 1,250t of cobalt a year to supply the EV battery market. Horizonte’s combined near-term production profile of over approximately 60,000t of nickel per year positioning the company amongst the global leaders in primary nickel production outside Indonesia.
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
