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Horizon Minerals Ltd ( (AU:HRZ) ) has shared an update.
Horizon Minerals has executed a formal Asset Sale Agreement, via its wholly owned subsidiary Poseidon Nickel, to divest its 100%-owned Lake Johnston Project to Forrestania Resources for total consideration of $35 million. The revised terms comprise $10 million in non-refundable cash already received, a further $20 million in cash on completion, and $5 million in Forrestania shares to be issued at completion, with the transaction expected to close following Forrestania’s shareholder meeting on 12 January 2026, potentially strengthening Horizon’s balance sheet and providing capital for redeployment into its core projects.
The most recent analyst rating on (AU:HRZ) stock is a Hold with a A$0.07 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 an Australian resources company listed on the ASX, with its operations conducted through subsidiaries including Poseidon Nickel Pty Limited. The company is active in mineral exploration and development, focusing on projects such as the Lake Johnston Project in Western Australia and operating within the broader base metals and minerals sector.
Average Trading Volume: 947,762
Technical Sentiment Signal: Buy
Current Market Cap: A$242.4M
See more insights into HRZ stock on TipRanks’ Stock Analysis page.