In This Article:
NOTICE OF AGM AND DESIGNATED FOREIGN ISSUER STATUS
LONDON, UK / ACCESSWIRE / April 28, 2023 / Horizonte Minerals Plc (AIM:HZM)(TSX:HZM) ("Horizonte" or the "Company")announces that its annual report and accounts for the year ended 31 December 2022, together with Management's Discussion and Analysis as at 31 December 2022, and Notice of Meeting and Management Information Circular have been posted to shareholders and are available to download on the Company's website at www.horizonteminerals.com and on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.
The Company's Annual General Meeting ("AGM") will be held at 12:30pm on 24 May 2023 at Horizonte's offices located at Rex House, 4-12 Regent Street, London, SW1Y 4RG.
Designated Foreign Issuer status in Canada
The Company has determined that, as at and from the beginning of the current financial year on 1 January 2023, it is a "designated foreign issuer" as defined in National Instrument 71-102 - Continuous Disclosure and Other Exemptions Relating to Foreign Issuers ("NI 71-102") and subject to the regulatory requirements of AIM, a market operated by the London Stock Exchange. Accordingly, the Company is able to rely on certain exemptions from the continuous disclosure obligations imposed under Canadian securities legislation as permitted under NI 71-102.
A key implication is that the Company will no longer be required to report quarterly financial information, and will instead now report financial results on a semi-annual basis, in line with market practice in the UK, and as required by the AIM Rules for Companies with quarterly operation updates.
The next financial information to be reported will be the Company's half yearly report, in respect of the six months to 30 June 2023, which will be published no later than 30 September 2023. This will be followed by the Company's audited financial statements for the year ending 31 December 2023, published no later than 30 June 2024; in each case, in accordance with the AIM Rules for Companies.
For further information, visit www.horizonteminerals.com or contact:
| Horizonte Minerals plc | info@horizonteminerals.com |
| Peel Hunt LLP (Nominated Adviser & Joint Broker) | +44 (0)20 7418 8900 |
| BMO (Joint Broker) | +44 (0) 20 7236 1010 |
| Tavistock (Financial PR) | +44 (0) 20 7920 3150 |
ABOUT HORIZONTE MINERALS
Horizonte Minerals plc (AIM & TSX: HZM) is developing two 100%-owned, Tier 1 projects in Pará state, Brazil, the Araguaia Nickel Project and the Vermelho Nickel-Cobalt Project. Both projects are large scale, high-grade, low-cost, low-carbon and scalable. Araguaia is under construction with first metal scheduled for early 2024, when fully ramped up with Line 1 and Line 2, is forecast to produce 29,000 tonnes of nickel per year. Vermelho is at feasibility study stage and is expected to produce 24,000 tonnes of nickel and 1,250 tonnes of cobalt to supply the EV battery market. Horizonte's combined production profile of over 60,000 tonnes of nickel per year positions the Company as a globally significant nickel producer. Horizonte's top three shareholders are La Mancha Investments S.à r.l., Glencore plc and Orion Resource Partners LLP.