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.
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