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Horizon Minerals Ltd ( (AU:HRZ) ) just unveiled an update.
Horizon Minerals Limited has announced the divestment of its Lake Johnston Project to Forrestania Resources Limited for $35 million. This strategic move allows Horizon to focus on its core assets, particularly the Black Swan project, by using the funds to advance its development and potential mergers and acquisitions. The transaction is expected to complete by January 2026, and Horizon retains a stake in the Lake Johnston Project through shares in Forrestania, thereby maintaining potential future upside.
The most recent analyst rating on (AU:HRZ) stock is a Buy with a A$0.13 price target. To see the full list of analyst forecasts on Horizon Minerals Ltd stock, see the AU:HRZ Stock Forecast page.
More about Horizon Minerals Ltd
Horizon Minerals Limited is a company operating in the mining industry, focusing on gold resources. Its primary activities involve the refurbishment and restart of the Black Swan processing facility, with a market focus on advancing its gold projects.
Average Trading Volume: 11,764,970
Technical Sentiment Signal: Sell
Current Market Cap: A$169.5M
For a thorough assessment of HRZ stock, go to TipRanks’ Stock Analysis page.