1st Mar 2024 13:11
Horizonte Minerals PLC - nickel development company focused on projects in Para State, Brazil - Says senior lenders have agreed to extend waivers, including deferral of interest from interim funding package announced on December 27, until March 29. Existing senior lenders previously agreed to said waivers to the end of February. Company adds that the borrower, Brazilian subsidiary Araguaia Niquel Metais Ltda, may need to adopt protective measures and have its creditors approve a restructuring plan. Horizonte is a guarantor of ANML's debt. Read More