Horizonte Minerals PLC Announces Documentation of Senior Debt Facility



LONDON, UK / ACCESSWIRE / December 29, 2021 / Horizonte Minerals Plc, (AIM: HZM) (TSX: HZM) Brazil-focused nickel company is pleased to announce that it has signed loan documents for its previously announced senior secured project finance facility (September 30, 2021) in the amount of $ 346.2 million of dollars (the “senior debt facility”) between Araguaia Niquel Metais LTDA as Borrower and syndicate of international financial institutions, the Lenders (BNP Paribas, BNP Paribas Fortis, ING Capital LLC, ING Bank NV, Natixis, New York Branch, Société Générale and Swedish Export Credit Corporation). The documentation covers the facilities provided by the international financial institutions listed above. The current documentation with the two export credit agencies should be finalized at the beginning of the first quarter of 2022. The first drawdown under the senior debt facility should take place in the fourth quarter of 2022 following the satisfaction of certain conditions precedent. usual for financing of this nature, including the issuance of guarantees from export credit agencies.

Endeavor Financial acts as financial advisor and Norton Rose Fulbright LLP acts as legal advisor to the Company.

For more information visit www.horizonteminerals.comor contact:

Horizonte Minerals plc
Jérémy Martin (CEO)
Anna Legge (Corporate communication)

[email protected]
+44 (0) 203 356 2901

Peel Hunt (NOMAD & Joint Broker)
Ross allister
David McKeown

+44 (0) 20 7418 8900

BMO (Co-Broker)
Thomas cavalier
Pascal Lussier Duquette
Andrew Cameron

+44 (0) 20 7236 1010

About Horizonte Minerals:
Horizonte Minerals plc (AIM and TSX: HZM) is developing two 100% owned Tier 1 projects in Parà State, Brazil – the Araguaia Nickel Project and the Vermelho Nickel-Cobalt Project. Both projects are large-scale, high-quality, low-cost, low-carbon and scalable. Araguaia is ready to be built and will produce 29,000 tonnes of nickel per year to supply the stainless steel market. Vermelho is at the feasibility study stage and will produce 25,000 tonnes of nickel and 1,250 tonnes of cobalt to supply the market for electric vehicle batteries. Horizonte’s short-term combined production profile of over 50,000 tonnes of nickel per year positions the Company as a world-class nickel producer. Horizonte is developing a new nickel district in Brazil that will benefit from established infrastructure, including hydroelectric power available in the Carajás mining district.

CAUTION REGARDING FORWARD-LOOKING INFORMATION
Except for statements of historical fact concerning the Company, certain information contained in this press release constitutes “forward-looking information” under Canadian securities laws. Forward-looking information includes, without limitation, the ability of the Company to complete the acquisition as described herein, statements regarding the potential of the Company’s current or future mining projects; the success of exploration and mining activities; the cost and timing of future exploration, production and development; the estimation of mineral resources and reserves and the Company’s ability to meet its objectives for the growth of its mineral resources; the Company’s ability to complete the Offering as described herein, and the achievement of mineral resource and reserve estimates. Generally, forward-looking information can be identified by the use of forward-looking terms such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “expected”. , “Estimates”, “anticipates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions or statements that certain actions, events or results “Could”, “could”, “could”, “could” or “will be taken”, “occur” or “be reached”. Forward-looking information is based on management’s reasonable assumptions, estimates, analyzes and opinions made in light of its experience and perception of trends, current conditions and expected developments, as well as other factors that management considers relevant and reasonable in the circumstances at the date on which such statements are made, and are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual results, level of activity, the performance or achievements of the Company are materially different from those expressed or implied by such forward-looking information, including, but not limited to, risks related to: the inability of the Company to complete the acquisition as described herein, exploration and mining risks, competition from competitors with greater capital; the Company’s lack of experience with mining operations in the development phase; fluctuations in metal prices; uninsured risks; environmental and other regulatory requirements; exploration, mining and other permits; the Company’s future payment obligations; potential disputes regarding the title of the Company and the size of its mining concessions; the Company’s dependence on its ability to obtain sufficient funding in the future; the Company’s dependence on its relations with third parties; the Company’s joint ventures; the potential for currency fluctuations and political or economic instability in the countries in which the Company operates; fluctuations in exchange rates; the Company’s ability to effectively manage its growth; the trading market for the Company’s ordinary shares; uncertainty regarding the Company’s plans to continue to develop its operations and new projects; the Company’s dependence on key personnel; the possible conflicts of interest of the directors and officers of the Company, the inability of the Company to carry out the Placement under the conditions described herein, and the various risks associated with the legal and regulatory framework in which the Company operates. Although the management of the Company has attempted to identify important factors which could cause actual results to differ materially from those contained in the forward-looking information, other factors may cause results not to be as anticipated. , estimated or planned. 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.

This information is provided by RNS, the information service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as the main information provider in the UK. General conditions relating to the use and dissemination of this information may apply. For more information, please contact [email protected] or visit www.rns.com.

THE SOURCE: Horizonte Minerals SA

See the source version on accesswire.com:
https://www.accesswire.com/679995/Horizonte-Minerals-PLC-Announces-Senior-Debt-Facility-Documentation


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