Horizonte Minerals PLC - Para state, Brazil-focused developer of the Araguaia and Vermelho nickel projects - Completes 40% of construction of Araguaia nickel project as of January 31. Says it remains on-budget and on-schedule for the first nickel in the first quarter of 2024.

Chief Executive Officer Jeremy Martin says: ‘I am pleased to present our inaugural photobook which forms part of the pictorial series to be published quarterly during the construction phase of Araguaia. The images showcase the progress made on site as construction activities at Araguaia continue to run on-schedule and on-budget. I look forward to providing further updates on progress going forwards as we continue to move closer to unlocking the full value of Araguaia, realising our objective of becoming a low-cost nickel producer.’

Current stock price: 155.70 pence, up 3.1% on Thursday afternoon in London

12-month change: up 32%

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