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Horizonte Minerals – agrees huge Araguaia funding package, open offer value or just buy in the market

By Hotstockrockets | Saturday 27 November 2021

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Horizonte Minerals (HZM) has announced it has raised £147.4 million (approx. $197 million) at 7p per share and an open offer for up to $8 million as part of a $633 million funding package which is expected to complete the funding required for the construction of the Araguaia nickel project in Brazil.

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