Horizonte Minerals plc will admit 365,000 ordinary shares on AIM following the exercise by option holders. On issue of the new ordinary shares, the company’s issued share capital will comprise 268,778,906 ordinary shares, each with voting rights.
Tag: nickel
Corcel renews Wowo Gap cobalt-nickel licence
Corcel plc has renewed its exploration licence 1165 to February 2024 for its 100% owned WoWo Gap cobalt-nickel project in Papua New Guinea. DEVELOPMENT The asset is part of the company’s recently announced restructure into an Asian-based joint venture. Corcel said it had of late focused on meeting commitments for the licence, which lies 200km from […]
Horizonte awards contracts to increase Araguaia production
Horizonte Minerals plc has awarded contracts aimed to increase nickel production by 100% to 29,000 tonnes per annum (TPA) over a 25-year mine life at its Araguaia project in northeast Brazil. OBJECTIVES The Line 2 feasibility study (FS) includes construction of a duplicate rotary kiln-electric furnace (RKEF) processing facility aimed to produce an NI 43-101 […]
Kavango nears drill-testing KSZ North conductors
Kavango Resources plc has moved closer to drill testing three previously identified B conductors in the Kalahari Suture Zone (KSZ) North project in southwest Botswana. B CONDUCTORS The company is targeting massive sulphide and IOCG* mineralisation for copper, nickel, platinum group metals, iron, gold and uranium on 15 prospecting licences covering 8,323km2. Kavango added that […]
Corcel progresses PNG non-operating strategy
Corcel plc has restructured its nickel-cobalt assets in Papua New Guinea by signing a 50-50 joint venture (JV) deal to create a new carried vehicle. JOINT VENTURE JV partner Integrated Energy Metals (IEM) is a new American company whose website states is focused on building “a world class battery supply chain”. The companies will establish Integrated […]
Horizonte draws down $50m from second tranche of senior debt
Horizonte Minerals has drawn down US$50 million from the second tranche of its senior debt facility of $346.2m to fund construction of its 100%-owned Araguaia nickel project in Brazil. REMAINING CAPITAL A total $465 million capital expenditure awarded to date has included payment for the majority of the key long lead items. The remaining project […]