Horizonte Minerals (HZM.TSX.L) Award of Power Line Licence for Araguaia Project

Horizonte Minerals Plc, (AIM:HZM, TSX:HZM) (‘Horizonte’ or ‘the Company’) the nickel company focused on Brazil, is pleased to announce that it has been awarded the construction licence package for the development of the power line for its 100% owned Araguaia Ferronickel Project (“Araguaia” or “the Project”).

The approved package includes the preliminary licence (Licença Prévia), the construction licence (Licença de Instalaço), and the related fauna and flora licences. These were granted by the Pará State Environmental Agency, Secretaria de Meio Ambiente e Sustentabilidade (‘SEMAS’).

This licence package permits the implementation of a 120km, 230KV power line, and respective substation. The power line will connect Araguaia to the national power grid and will cover the full power requirement for the Project at nameplate capacity.

Horizonte CEO, Jeremy Martin, commented: “Araguaia is already fully permitted to start construction. The award of the power licence package is a critical step in our path to production, and further de-risks the Project by securing the full power requirement for commercial operation. The power supply will be hydroelectric which is a key factor in the ability to produce a low CO2 per tonne of product, in line with other Brazilian ferronickel producers, placing Araguaia in the lowest half of carbon emitters globally for nickel production. We look forward to updating the market on progress at Araguaia over the coming months.”

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.

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