Horizonte Minerals PLC Announces Completion of Fundraise

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES OR JAPAN.

LONDON, UK / ACCESSWIRE / December 22, 2021 / Horizonte (AIM:HZM)(TSX:HZM), is pleased to announce the completion of the Equity Fundraise announced on 23 November 2021 following admission to AIM and the TSX. In addition to the Equity Fundraise, which includes the UK Placing, Canadian Offering, Orion Strategic Investment and La Mancha Strategic Investment, the Company is also pleased to confirm closing of the Glencore Subscription and the Open Offer. The Company has issued a total of 2,102,209,850 Ordinary Shares raising gross proceeds of approximately £147.2 million.

The Company intends to use the net proceeds for the construction of the Araguaia Project, as well as for general working capital purposes.

The Canadian Offering was conducted pursuant to the prospectus supplement of the Company dated 24 November 2021 to the base shelf prospectus of the Company dated 29 October 2021, filed in each of the territories and provinces of Canada, other than Quebec.

The UK Placing was conducted by BMO Capital Markets Limited and Peel Hunt LLP, acting as joint global coordinators and together with H & P Advisory Limited, acting as the joint bookrunners, and the Canadian Offering was conducted by BMO Nesbitt Burns Inc. and Paradigm Capital Inc. acting as joint global coordinators and joint bookrunners, together with Cormark Securities Inc. and Cantor Fitzgerald Canada Corporation acting as Canadian co-agents.

Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as defined in the announcement of the Equity Fundraise made by the Company on 23 November 2021.

About Horizonte Minerals:

Horizonte Minerals plc is an AIM and TSX-listed nickel development company focused in Brazil. The Company is developing the Araguaia project, as the next major ferronickel mine in Brazil, and the Vermelho nickel-cobalt project, with the aim of being able to supply nickel and cobalt to the EV battery market. Both projects are 100% owned.

For further information, visit www.horizonteminerals.com or contact:

Horizonte Minerals plc Jeremy Martin (CEO) Anna Legge (Corporate Communications)	[e-mail] [phone]
Peel Hunt LLP (NOMAD & Joint Broker)