Horizonte Minerals Plc
HZM.TO
Toronto Stock Exchange0.01
CAD
+0.00
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Horizonte Minerals Plc
HZM.TO
(Toronto Stock Exchange)
Recent
price
0.01
P/E
ratio
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div
yld
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ROIC.AI
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- Business
- Horizonte Minerals Plc (TSX: HZM) is a London-headquartered nickel development company, incorporated in 2006, that explores and develops mineral projects in Brazil; it wholly owns two tier-1 nickel projects in Pará State—the advanced Araguaia ferronickel project, designed to produce up to 29,000 tonnes of nickel annually via rotary kiln electric furnace technology for the stainless steel market upon full ramp-up of Lines 1 and 2, and the Vermelho nickel-cobalt project at feasibility stage, targeting approximately 24,000 tonnes of nickel and 1,250 tonnes of cobalt yearly for electric vehicle battery supply. The company operates primarily in the Carajás mineral district, benefiting from established infrastructure including roads, rail, and hydroelectric power, with an administrative office in Belo Horizonte; its projects emphasize high-grade, low-cost, low-carbon production to serve global stainless steel and battery markets. In May 2024, Horizonte entered administration with Joint Administrators Chad Griffin and Geoffrey Paul Rowley of FRP Advisory appointed to wind down operations and preserve creditor value after failing to secure financing for Araguaia project completion amid cost escalations to around $1 billion; trading in its shares was suspended on AIM and TSX, and by November 2024, liquidators were appointed as the company proceeds toward liquidation.