Horizonte Minerals PLC - Nickel company developing two assets in Brazil - Receives its mining approval permit for its wholly-owned Araguaia nickel project in Brazil. The approval was issued by the Para State Secretariat for Environment & Sustainability and allows Horizonte to begin its mining activities, with initial work underway to establish ore stockpiles on the ROM pad ahead of the commissioning phase.

Chief Executive Jeremy Martin says: ‘I am pleased to announce the approval to begin mining activities at Araguaia, another important milestone for Horizonte. The approval allows ore to be mined and stockpiled with the aim of mitigating a key commissioning risk as part of our mine-to-mill strategy ahead of the plant start-up next year.’

Current stock price: 160.04 pence, up 5.3% on Thursday

12-month change: up 47%

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