Horizonte focus shifts to funding as it ticks feasibility study box

Nickel company Horizonte Minerals has confirmed the economics of its Araguaia ferronickel project, in Brazil, with the completion of a feasibility study, setting up the company to advance offtake agreements and secure funding for the $443-million development.

The Aim- and TSX-listed company aims to have its funding plan in place by mid-2019, ensuring that the project could advance on a “rapid” development timeline, targeting first nickel production in late 2021 or early 2022.