Horizonte Minerals plc has filed the ending of four non-executive director appointments. Companies House published the terminations, dated 5 August, of Gillian Davidson, former interim chief executive officer Karim Nasr, Vincent Benoit and John MacKenzie. As at 23 August Nicholas Michael, appointed in January 2024, and Paul Smith appointed in December 2023, remain listed as […]
Tag: Horizonte Minerals plc
Horizonte appoints administrators
Horizonte Minerals plc has entered administration and suspended trading after failing to secure full financing for its Araguaia nickel project in Brazil. INJUNCTION The company’s shares stopped trading on AIM today and TSX at 6pm on 15 May. Its nominated adviser Peel Hunt LLP resigned, with Horizonte having “no current intention” of appointing a replacement. […]
Horizonte could sell Araguaia as funding talks fail
Horizonte Minerals plc could sell its Araguaia nickel project in northeast Brazil, resulting in a loss for shareholders, after full funding talks failed. NICKEL MARKET The company added it had been unable to secure interest in the full financing needed, citing investors concerns over the nickel market. Horizonte’s options now include raising financing at the […]
Horizonte agrees third payment deferral to lenders
Horizonte Minerals plc has agreed a third extension to senior lenders’ waivers, including interest, on interim funding for the Araguaia nickel project in Brazil. FUNDING Payment, expected on 29 March, is now due on 20 April. The company again repeated that any further postponement of payments could not be guaranteed. The funding package agreed in […]
Horizonte granted more time for debt negotiations
Horizonte Minerals plc has been granted a 60-day stay period to negotiate indebtedness and work on the Araguaia nickel project restructuring plan for creditors’ approval. FUNDING The Brazilian precautionary measure gives the company’s local operating subsidiary a longer period to negotiate directly with creditors or via mediation, while aiming to protect its cash in the […]
Horizonte again defers Araguaia loan interest payment
Horizonte Minerals plc has again deferred waivers including interest due on the interim funding package for the Araguaia nickel project in northeast Brazil. PROTECTIVE Senior lenders had extended the waivers, originally due on 31 December 2023, to the end of February and have now agreed a new date of 29 March. Horizonte said it was […]