Is Horizon Minerals Limited Under Pressure Despite Securing AU$175 million for Black Swan Development?
Source: Kapitales Research
Highlights
• Horizon Minerals Limited (ASX: HRZ) shares fell nearly 10.53% at the time of writing, trading at AU$1.105 after declining AU$0.130.
• The company secured firm commitments to raise AU$175 million at the time of writing via a two-tranche underwritten institutional placement.
• An additional Share Purchase Plan is targeting up to AU$10 million at the time of writing to further support development of the Black Swan Processing Hub.
Horizon Minerals Limited (ASX: HRZ) recorded a share price decline of nearly 10.53% at the time of writing, trading at AU$1.105 following a AU$0.130 drop during the session. The pullback comes despite the company announcing a substantial capital raising to fund development of its 100% owned Black Swan Processing Hub near Kalgoorlie in Western Australia.
Capital Raising Overview
The company received binding commitments to raise AU$175 million at the time of writing through a fully underwritten two-tranche placement at an issue price of AU$1.08 per share at the time of writing.
The placement comprises an unconditional first tranche of approximately AU$55 million and a conditional second tranche of approximately AU$120 million, subject to shareholder approval expected around April 2026 at the time of writing.
In addition, Horizon plans to launch a Share Purchase Plan targeting up to AU$10 million at the time of writing, offering eligible shareholders the opportunity to participate at the same price as the placement.
Use of Funds and Strategic Focus
Proceeds will be directed toward refurbishment and gold processing conversion at the Black Swan Processing Hub, site infrastructure upgrades, open pit and underground pre-production activities, exploration, pre-production operating costs, contingency and working capital at the time of writing.
The capital raising positions the company to advance development of the Black Swan Processing Hub and leverage its 1.9-million-ounce resource base at the time of writing.
Single-Point Summary
HRZ shares declined nearly 10.53% at the time of writing as the market digested a significant AU$175 million equity raising aimed at funding development of the Black Swan Processing Hub and advancing its gold production strategy.
Disclaimer for Kapitales Research
The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
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Is Horizon Minerals Limited Under Pressure Despite Securing AU$175 million for Black Swan Development?
Highlights
• Horizon Minerals Limited (ASX: HRZ) shares fell nearly 10.53% at the time of writing, trading at AU$1.105 after declining AU$0.130.
• The company secured firm commitments to raise AU$175 million at the time of writing via a two-tranche underwritten institutional placement.
• An additional Share Purchase Plan is targeting up to AU$10 million at the time of writing to further support development of the Black Swan Processing Hub.
Horizon Minerals Limited (ASX: HRZ) recorded a share price decline of nearly 10.53% at the time of writing, trading at AU$1.105 following a AU$0.130 drop during the session. The pullback comes despite the company announcing a substantial capital raising to fund development of its 100% owned Black Swan Processing Hub near Kalgoorlie in Western Australia.
Capital Raising Overview
The company received binding commitments to raise AU$175 million at the time of writing through a fully underwritten two-tranche placement at an issue price of AU$1.08 per share at the time of writing.
The placement comprises an unconditional first tranche of approximately AU$55 million and a conditional second tranche of approximately AU$120 million, subject to shareholder approval expected around April 2026 at the time of writing.
In addition, Horizon plans to launch a Share Purchase Plan targeting up to AU$10 million at the time of writing, offering eligible shareholders the opportunity to participate at the same price as the placement.
Use of Funds and Strategic Focus
Proceeds will be directed toward refurbishment and gold processing conversion at the Black Swan Processing Hub, site infrastructure upgrades, open pit and underground pre-production activities, exploration, pre-production operating costs, contingency and working capital at the time of writing.
The capital raising positions the company to advance development of the Black Swan Processing Hub and leverage its 1.9-million-ounce resource base at the time of writing.
Single-Point Summary
HRZ shares declined nearly 10.53% at the time of writing as the market digested a significant AU$175 million equity raising aimed at funding development of the Black Swan Processing Hub and advancing its gold production strategy.
Disclaimer for Kapitales Research
The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au