HIGHLIGHTS:
- Horizonte agrees a US$20 million interim funding package provided by Orion, Glencore and La Mancha
- The funding package is expected to provide liquidity while a full funding solution is progressed
- Agreement with existing Senior Lenders to defer interest payments due 31 December 2023
- The Company continues to review the outstanding Project capital expenditure and schedule re-estimate, necessary to implement a full funding solution
LONDON, UK / ACCESSWIRE / December 27, 2023 / Horizonte Minerals Plc (AIM:HZM)(TSX:HZM) (“Horizonte” or the “Company”) the nickel development company, announces that it has agreed a US$20 million interim funding package (the “Funding Package”) which comprises a US$15 million Senior Secured Loan Facility (the “Facility”), and the release of US$5 million by OMF Fund III (Cr) Ltd. previously secured at Vermelho, that will allow for critical construction streams to advance at its flagship Araguaia Nickel…
