Horizonte Minerals Plc: Appointment of Endeavour Financial as Project Finance Advisor
October 31 2018 - 7:39AM
Horizonte Minerals Plc, (AIM: HZM, TSX: HZM)
(‘Horizonte’ or ‘the Company’), the nickel development company
focused in Brazil, is pleased to announce the appointment of
Endeavour Financial, a leading financial advisor in the mining
sector, to advise on the arrangement of the project financing for
the Araguaia Ferronickel Project (‘Araguaia’, or ‘the Project’),
following the release of its Feasibility Study results on 29
October 2018.
Jeremy Martin, Chief Executive of Horizonte,
commented:
“Following the release of the results of the
Feasibility Study on Monday, we are pleased to announce the
appointment of Endeavour Financial as our financial advisor,
focusing on the debt and offtake development package for Araguaia.
Endeavour Financial is a well-regarded firm with a strong track
record of success in the mining industry, specialising in arranging
multi-sourced financing for single asset development companies, an
example being the recently closed US$750 million financing package
for Lundin Gold's Fruta del Norte project in Ecuador.
“We have noted the movement in the share price
yesterday on AIM with some concern and confirm we are not aware of
any unpublished price sensitive information. The Feasibility Study
represents a major de-risking step as we move towards the award of
the construction licence and advancing the Project funding. The
results of the study confirmed Araguaia is a high grade, scalable
resource, with low capital intensity, in the lower quartile of the
C1 cost curve for nickel laterites, and we are confident in our
ability to raise development finance for the Project. The Company
is currently well funded and we look forward to updating the market
on developments at both Araguaia and at the Vermelho nickel cobalt
project.”
For further information visit www.horizonteminerals.com or
contact:
Horizonte Minerals plc |
|
Jeremy Martin (CEO) |
+44 (0) 203 356 2901 |
|
|
Numis Securities Ltd (NOMAD
& Broker) |
|
John Prior Paul Gillam |
+44 (0) 207 260 1000 |
|
|
Shard Capital (Joint Broker) |
|
Damon Heath Erik Woolgar |
+44 (0) 20 186 9952 |
|
|
Tavistock (Financial PR) |
|
Emily FentonGareth Tredway |
+44 (0) 207 920 3150 |
|
|
About Horizonte Minerals:
Horizonte Minerals plc is an AIM and TSX-listed
nickel development company focused in Brazil. The Company is
developing the Araguaia project, as the next major ferronickel mine
in Brazil, and the Vermelho nickel-cobalt project, with the aim of
being able to supply nickel and cobalt to the EV battery
market. Both projects are 100% owned.
About Endeavour Financial:
Endeavour Financial is a private independent
merchant banking company focused on providing expert and unbiased
financial advisory services to the global natural resources sector.
Endeavour Financial has a history of achieving success for clients
based on resource industry focus, innovative transaction skills and
the diverse professional backgrounds of its award-winning team.
Offering advice in project, corporate and debt capital markets;
equity-linked financings; mergers and acquisitions; and strategic
business development over more than two decades, Endeavour
Financial has established itself as a leading financial advisor in
the natural resources sector. More information on Endeavour
Financial and its services can be found at
www.endeavourfinancial.com.
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