Horizonte Minerals (GB:HZM) has released an update.
Horizonte Minerals Plc faces financial struggles as it fails to secure full financing for its Araguaia Nickel Project, leading to the board’s decision to enter administration and suspend trading of company shares on AIM and TSX. The company’s Brazilian subsidiary is negotiating a restructuring plan to preserve value for creditors, while the company’s Nominated Adviser, Peel Hunt LLP, has resigned, potentially leading to the cancellation of share trading on AIM if no replacement is found within a month.
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