Horizonte Minerals Plc
HZM.L
London Stock Exchange0.33
GBp
+0.05
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Horizonte Minerals Plc
HZM.L
(London Stock Exchange)
Recent
price
0.33
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Horizonte Minerals Plc is a nickel development company headquartered in London, United Kingdom, founded in 2006. The company focuses on the exploration, development, and construction of nickel projects primarily in Brazil. Its core products and services include the development and production of nickel and cobalt materials, specifically targeting the stainless steel and electric vehicle battery markets. Horizonte operates two key 100%-owned projects in the state of Pará, Brazil: the Araguaia Nickel Project, which focuses on ferronickel production through saprolite ore for the stainless steel market, and the Vermelho Nickel-Cobalt Project, which targets high-grade nickel and cobalt production from limonite ore designed to supply the critical metals market for electric batteries. The Araguaia project, currently under construction, is forecast to produce 29,000 tonnes of nickel per year once fully operational, while the Vermelho project remains at the feasibility study stage, expected to yield 25,000 tonnes of nickel and 1,250 tonnes of cobalt annually. Together these projects provide Horizonte with a scalable production profile exceeding 60,000 tonnes of nickel yearly, positioning the company as a globally significant nickel producer. Recent major developments include the completion of an oversubscribed fundraise of approximately £70 million to support the construction phase of the Araguaia project, alongside a US$20 million interim funding package involving strategic partners Orion Resource Partners, Glencore Plc, and La Mancha Investments. Horizonte has awarded major contracts for process plant equipment for the Araguaia project which de-risks the project's capital expenditure and supports schedule confidence. The company also completed the issue of US$65 million convertible notes and a US$25 million royalty on its Vermelho development, finalizing a previously announced US$633 million finance package. These funding and contract milestones demonstrate significant operational progress and financial backing to advance construction and development timelines. The company's shareholder base includes major investors such as Glencore Plc, La Mancha Investments S.à r.l., and Orion Resource Partners LLP. Horizonte Minerals Plc is listed on the AIM (London Stock Exchange) and the Toronto Stock Exchange (TSX) under the ticker HZM. The company's strategic focus is on developing environmentally low-carbon emission nickel projects to serve stainless steel manufacturers and the growing electric vehicle supply chain, emphasizing sustainability and critical metal supply security. Its operations and developments are concentrated in Brazil's Carajás mining district, a well-established mining region with significant nickel resources. Horizonte continues to pursue the advancement of both its projects through construction, feasibility, and regulatory progress while actively managing financial and strategic partnerships to support its growth ambitions.