Horizon Minerals and Poseidon Nickel Merger to Boost Gold Production

Horizon Minerals Ltd (AU:HRZ) has released an update.

Horizon Minerals Limited and Poseidon Nickel Limited are set to merge, creating a mid-cap gold producer in Western Australia, with Horizon acquiring all Poseidon shares. The merger will consolidate significant gold resources and utilize Poseidon’s Black Swan infrastructure to expedite gold production, supported by a $14 million capital raise. This strategic alignment aims to increase market relevance and appeal to investors while reducing corporate overheads.

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