Horizonte Minerals Quarterly Financial Statements for the Three Months Ended 31 March 2018
May 11 2018 - 2:00AM
Horizonte Minerals Plc, (AIM:HZM) (TSX:HZM)
(‘Horizonte’ or ‘the Company’), the nickel
development company focused in Brazil, announces that it has today
published its unaudited financial results for the three month
period to 31 March 2018 and the Management Discussion and Analysis
for the same period. Both of the above have been posted on the
Company's website www.horizonteminerals.com and are also available
on SEDAR at www.sedar.com.
For further information visit www.horizonteminerals.com or
contact:
Horizonte
Minerals plc |
|
Jeremy Martin (CEO) /
David Hall (Chairman) |
+44 (0) 20 7763
7157 |
|
|
finnCap Ltd
(NOMAD & Joint Broker) |
|
Christopher Raggett/
James Thompson / Emily Morris |
+44 (0) 20 7220
0500 |
|
|
Numis
Securities Ltd (Joint Broker) |
|
John Prior / Paul
Gillam |
+44 (0) 207 260
1000 |
|
|
Shard Capital
(Joint Broker) |
|
Damon Heath / Erik
Woolgar |
+44 (0) 20 7186
9952 |
|
|
Tavistock
(Financial PR) |
|
Jos Simson / Gareth
Tredway / Barney Hayward |
+44 (0) 20 7920
3150 |
About Horizonte Minerals:
Horizonte Minerals plc is an AIM and TSX-listed
nickel development focused in Brazil. The Company is developing the
Araguaia Project as the next major ferro-nickel mine in
Brazil. With the Vermelho nickel-cobalt project being
advanced with the aim of being able to supply nickel and cobalt to
the EV battery market. Both projects are 100% owned.
Horizonte shareholders include; Teck Resources
Limited, Canaccord Genuity Group, JP Morgan, Lombard Odier Asset
Management (Europe) Limited, City Financial, Richard Griffiths and
Glencore.
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, statements with respect to the
potential of the Company’s current or future property mineral
projects; the success of exploration and mining activities; cost
and timing of future exploration, production and development; the
estimation of mineral resources and reserves and the ability of the
Company to achieve its goals in respect of growing its mineral
resources; and the realization of mineral resource and reserve
estimates. 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:
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.
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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