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Horizonte Minerals has raised the equity component of a US$633 million project financing package for the construction of Araguaia ferro-nickel project in Brazil.
Horizonte Mineral's Araguaia in Brazil
The company raised £147.4 million ($197 million) through the sale of 2.1 billion shares at a price of 7 pence with $56.8 million raised in the UK placing, $11.
The fundraise is to allow Horizonte to complete construction, which is on schedule for Q1 2024
Positive session for base metals
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