- Horizonte Minerals said it had been awarded a construction licence for the development of its Araguaia ferronickel project in Brazil.

The licence was granted by the Brazilian Para State Environmental Agency.

Receipt of the permit followed the release of feasibility study results in October 2018.

'I am very pleased to announce the award of the construction licence for Araguaia as this is a major milestone for the company,' chief executive Jeremy Martin said.

'Subject to funding, the company is now in a position to commence construction with the necessary environmental permits approved, including water abstraction permits issued in 2018.'

At 2:25pm: [LON:HZM] Horizonte Minerals PLC share price was +0.23p at 2.37p

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