Horizonte Minerals (GB:HZM) has released an update.
Horizonte Minerals Plc is negotiating a restructuring solution to provide recovery value for creditors, as they extend waiver agreements on accrued interest payments with senior lenders until mid-May 2024. The company, facing potential liquidation or other recovery options, sees no likely return for shareholders and has enough working capital to last until the third week of May 2024. These developments follow a granted injunction for their Brazilian subsidiary, which temporarily halts debt enforcement.
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