Horizonte Minerals (GB:HZM) has released an update.
Horizonte Minerals’ subsidiary ANML has secured a 60-day injunction to negotiate its debts and potentially avoid a judicial reorganization in Brazil. The company is also working with major shareholders and lenders to find a full funding solution by the end of Q2 2024, but there is no certainty of a favorable outcome. Existing senior lenders have agreed to defer interest payments until March 29, 2024, but further agreements are not guaranteed.
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