Horizonte Minerals PLCFRA Horizonte Minerals Stock Report

Horizonte Minerals Plc engages in the development of nickel properties. The firm is engaged in developing two 100%-owned, Tier 1 projects located in the Carajas Mining District in Para State, northeast Brazil, the Araguaia Nickel Project and the Vermelho Nickel-Cobalt Project. Both projects are large-scale, high-grade, low-carbon and scalable. Araguaia Nickel Project produces approximately 29,000 tons of nickel per year to supply the stainless-steel market. Vermelho Nickel-Cobalt Project is at the feasibility study stage and produces approximately 25,000 tons of nickel and 1,250 tons of cobalt to supply the EV battery market. The Company’s combined near-term production profile of approximately 50,000 tons of nickel per year. The firm is developing a nickel district in Brazil, which can benefit from established infrastructure, including hydroelectric power available in the Carajas Mining District.