Diversified Nickel Portfolio Horizonte’s plan to develop Araguaia ferro-nickel and Vermelho nickel-cobalt positions the company to supply both stainless steel markets and EV battery materials, creating multiple customer segments and reducing reliance on a single market.

Strategic Financing Potential A strong, diversified investor base including Teck Resources, Glencore, JP Morgan and others signals potential for strategic partnerships, offtake commitments, and access to project finance to accelerate development and secure long-term buyers.

Brazilian Logistics Advantage With projects located in Pará and Minas Gerais, Horizonte benefits from proximity to Brazilian industrial hubs and ports, offering favorable logistics for ferronickel and nickel-cobalt deliveries to domestic and regional customers.

Growth Momentum The acquisition of Vermelho and ongoing Araguaia development align with rising nickel demand from stainless steel and EV markets, suggesting increasing sales opportunities as projects move toward production.

Revenue Prospects Despite limited current revenue, Horizonte’s development trajectory and credible investor backing create openings for early offtake discussions, supplier partnerships, and structured financing arrangements as production approaches.