Todays guest on the ValueTheMarkets podcast is Jeremy Martin, CEO of Horizonte Minerals (LSE:HZM). Horizonte owns 2 advanced Tier 1 nickel projects in Brazil. The Araguaia project is a Ferronickel mine which is forecast to generate $1.6bn dollars over an initial 28-year mine life. The second project, Vermelho, is a nickel-cobalt project located near Araguaia.
Today the company has announced a $25m royalty-based funding deal with Orion Mine Finance to advance the Araguaia project. In the interview, Jeremy outlines the details of this non-dilutive funding and discusses how the funds will be used to progress the project to the construction phase. Additionally, Jeremy talks about the ongoing finance discussions, the wider nickel market, and the greatly improved economic projections for Araguaia in light of a stronger nickel price.
All opinions expressed are those of ValueTheMarkets and the respective guests unless otherwise stated and should not be construed as investment advice or a recommendation to buy shares in any featured Company. Listeners are advised to do their own extensive research before buying shares which, as with all small-cap exploration stocks, should be viewed as high risk. Investors should also seek the advice of a qualified investment adviser or stockbroker as they deem appropriate.
