Horizonte Minerals Plc Completes USD25 Million Royalty Transaction With Orion Mine Finance

  • Oct 21, 2019 BST
  • Team Kalkine
  • Horizonte Minerals Plc (HZM) has completed the USD25 million royalty transaction with Orion Mine Finance announced on 29th August 2019.
  • The completion marks the drawdown of the funds; the company has provided the upfront cash payment of USD25 million in exchange for a 2.25% royalty on Araguaia.
  • The company is working on the Araguaia project to make it Brazil’s next ferro-nickel mine.
  • On 21st October 2019, at the time of writing, GMT 08:04 AM, HZM shares were trading at GBX 4.08, down by 0.02 points or 0.49% against the previous day closing price.

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