Horizonte Minerals Plc

10:29 AM EST - Horizonte Minerals Plc : Provided the following update to shareholders. Its Araguaia ferronickel project Feasibility Study was completed in Q4 2018 delivering robust economics; Further upside potential with Stage 2 expansion at Araguaia doubling annual nickel production; Construction Licence recently granted by the Brazilian Pará State Environmental Agency; Advancing project financing options for Araguaia; Vermelho nickel cobalt project Pre-Feasibility Study underway; Nickel showing positive fundamentals with midterm consensus pricing of $16,792 U.S./tonne (‘t’) Ni for 2022; and Brazil economy set for growth in 2019 and 2020 with GDP set to increase 2.4% and 2.3% respectively. Horizonte Minerals Plc
shares T.HZM are trading unchanged at $0.04.