TIDMHZM
RNS Number : 2050A
Horizonte Minerals PLC
18 January 2024
NEWS RELEASE
18 January 2024
APPOINTMENT OF NICHOLAS MICHAEL TO THE BOARD
Horizonte Minerals Plc (AIM/TSX: HZM) ("Horizonte" or the
"Company") , the nickel development company, is pleased to confirm
the appointment of Nicholas (Nick) Michael as a Non-Executive
Director of the Company with immediate effect.
Paul Smith, Chair of the Board, said: "I am delighted to welcome
Nick to Horizonte's Board. He brings considerable experience within
the mining industry, particularly in technical diligence and
engineering. We will be drawing on this extensive knowledge as
Horizonte continues its review of the outstanding capital
expenditure and schedule for the Araguaia project, in addition to
capitalising on his skills as we progress discussions with our
cornerstone shareholders and senior lenders as part of a full
funding solution for the project . "
About Nicholas Michael
Mr Michael has over 37 years of experience in the mining
industry, including ferronickel in Brazil, as a successful
Technical Director, having retired from Orion Resource Partners in
2023 where he held the position of VP Technical Services. Nick has
been involved in the design and construction process, technical
diligence and has acted as an independent engineer (for investors)
across multiple mines globally.
Mr Michael holds a Bachelor of Science in Mining &
Extractive Metallurgy from the Colorado School of Mines and an MBA
from Willamette University, Oregon, and is a registered member of
the Society for Mining, Metallurgy & Exploration.
On appointment, Mr Michael is not considered to be an
independent director of the Company for the purposes of the QCA
Corporate Governance Code by reason of him representing a
significant shareholder of the Company, Orion Resource
Partners.
For further information, visit www.horizonteminerals.com or
contact:
Horizonte Minerals plc info@horizonteminerals.com
Patrick Chambers (Head of IR) +44 (0) 203 356 2901
Peel Hunt LLP (Nominated Adviser & Joint
Broker)
Ross Allister
David McKeown
Bhavesh Patel +44 (0)20 7418 8900
---------------------------
BMO (Joint Broker)
Thomas Rider
Pascal Lussier Duquette
Andrew Cameron +44 (0) 20 7236 1010
---------------------------
Barclays (Joint Broker)
Philip Lindop
Richard Bassingthwaighte +44 (0)20 7623 2323
---------------------------
Tavistock (Financial PR)
Jos Simson
Cath Drummond +44 (0) 20 7920 3150
---------------------------
Regulatory
The following information is disclosed under Rule 17 of the AIM
Rules for Companies ("AIM Rules") and Schedule Two Paragraph (g) of
the AIM Rules:
Nicholas Michael , aged 62, is or has been a director of the
following companies in the past five years:
Current Directorships Past Directorships (within
the last five years)
N/A N/A
---------------------------
There is no further information which is required to be
disclosed under Schedule Two, paragraph (g) of the AIM Rules for
Companies in respect of Nicholas Michael.
Mr Michael does not hold any ordinary shares nor options over
ordinary shares in the Company.
ABOUT HORIZONTE MINERALS
Horizonte Minerals Plc (AIM/TSX: HZM) is developing two
100%-owned, Tier 1 projects in Pará state, Brazil - the Araguaia
Nickel Project and the Vermelho Nickel-Cobalt Project. Both
projects are high-grade, low-cost, with low carbon emission
intensities and are scalable. Araguaia is under construction and
when fully ramped up with both Line 1 and Line 2, is forecast to
produce 29,000 tonnes of nickel per year. Vermelho is at
feasibility study stage. Horizonte's combined production profile of
over 60,000 tonnes of nickel per year positions the Company as a
globally significant nickel producer. Horizonte's top three
shareholders are La Mancha Investments, Glencore and Orion Mine
Finance.
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 any planned
acquisition of equipment, statements with respect to the potential
of the Company's current or future property mineral projects; the
ability of the Company to complete a positive feasibility study
regarding the second RKEF line at Araguaia on time, or at all, the
ability of the Company to complete a positive feasibility study
regarding the Vermelho Project on time, or at all, the success of
exploration and mining activities; cost and timing of future
exploration, production and development; the costs and timing for
delivery of the equipment to be purchased, 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
realization of mineral resource and reserve estimates and achieving
production in accordance with the Company's potential production
profile or at all. 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 any planned acquisition of
equipment on time or at all, the ability of the Company to complete
a positive feasibility study regarding the implementation of a
second RKEF line at Araguaia on the timeline contemplated or at
all, the ability of the Company to complete a positive feasibility
study regarding the Vermelho Project on the timeline contemplated
or at all, 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, and various risks associated
with the legal and regulatory framework within which the Company
operates, together with the risks identified and disclosed in the
Company's disclosure record available on the Company's profile on
SEDAR+ at www.sedarplus.ca, including without limitation, the
annual information form of the Company for the year ended December
31, 2022, and the Araguaia and Vermelho Technical Reports available
on the Company's website https://horizonteminerals.com/. 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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END
BOASFIFMAELSEIF
(END) Dow Jones Newswires
January 18, 2024 11:57 ET (16:57 GMT)
Grafico Azioni Horizonte Minerals (LSE:HZM)
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Da Dic 2024 a Gen 2025
Grafico Azioni Horizonte Minerals (LSE:HZM)
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