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(HZM) Horizonte Minerals Share Chat

Discussion in 'General Share Chat (HZM)' started by Stabilo123, Feb 20, 2016.

  1. Groucho

    Groucho Member

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    72221ECE-11CB-4CB0-8007-A250648F91CA.jpeg
    JOHANNESBURG (miningweekly.com) – A promising new fuel cell technology, which uses a cobalt-based catalyst, mirrors the world’s current ‘well-to-wheel’ refuelling ecosystem in being designed to allow motorists to call at conventional petrol stations to fill up with the liquid fuel from which hydrogen is extracted and then converted into vehicle-driving electricity.

    A demonstration plant is scheduled to be built in Israel in April to show that this zero-emission technology provides “twice the range at half the price” when compared with existing electric vehicles.

    Sixty per cent of the boron-containing fuel used by Electriq-Global is water, which is converted into hydrogen and then into electricity; the spent fuel is recovered, replenished with hydrogen and water, and then recycled for reuse.

    “We replace the compressed hydrogen system with a hydrogen-on-demand system based on a safe liquid carrier. The catalyst of our system does not include any noble metal (like platinum) or rare metals. Mostly, it is based on cobalt. Our fuel is based on boron,” Electriq-Global CEO Guy Michrowski tells Mining Weekly Online.

    The energy density of the system is said to be up to 15 times greater than batteries currently used by electric vehicles.

    “Our system releases hydrogen on demand from the fuel. When the fuel comes into contact with the catalyst, the reaction releases hydrogen that feeds the fuel cell, creating electricity to power the vehicle. Our fuel is safe, economical, and recyclable. We even take the old depleted fuel and add more hydrogen back in, producing new fuel that can be used again and again,” Michrowski said in response to Mining Weekly Online’s associate publication, Engineering News Online.

    The Electriq-Global system contains three key elements: the liquid fuel (Electriq-Fuel), which reacts with a catalyst (Electriq-Switch), to release hydrogen on demand, with the spent fuel then captured and taken back to a plant where it is replenished with hydrogen and water for reuse (Electriq-Recycling). (Also see attached diagram).

    Refuelling happens in exactly the same way as with petrol, notes Michrowski.

    “The driver will use an Electriq-Fuel pump at a conventional refuelling station. The refuelling time is the same as with conventional fuel. The fuel price will be half that of petrol,” adds Michrowski.

    “There are two key reasons for this – half of the hydrogen is produced from the water in the fuel, as well as the fact that we recycle the fuel in a cost-efficient process.

    “The other critical component of the fuel is salt named BH4, traditionally used in the pharmaceutical industry. This entire process enables zero-emission vehicles,” says Michrowski.

    A comparison of electric buses show the buses powered by batteries providing a range of 250 km and requiring up to 300 minutes to recharge, whereas buses to be powered by Electriq-Fuel will provide a range of 1 000 km, with refuelling possible in five minutes, says Michrowski.

    It is understood that any vehicle run on petrol or dieselcan be converted to use Electriq-Global’s zero emissions fuel.

    Forbes magazine reports that Electriq-Global plans to complete its first commercial plants in 2021. [​IMG]

    http://www.miningweekly.com/article/new-fuel-cell-vehicle-technology-uses-cobalt-2019-01-22
     
  2. Groucho

    Groucho Member

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    23 January 2019


    ISSUE OF EQUITY TO GLENCORE


    Horizonte Minerals Plc, (AIM/TSX: HZM) ('Horizonte' or 'the Company') the nickel development company focused in Brazil, announces the settlement of contingent consideration due to Glencore plc following the filing of the Araguaia NI 43-101 Feasibility Study ("FS") on SEDAR on 12 December.

    As per the terms of the Purchase Agreement between Horizonte and Glencore dated 23 September 2015, Contingent consideration of US$330,000 is due upon filing of a FS which includes the Vale do Sohnos deposit acquired from Glencore and which forms part of the overall Araguaia project. The consideration has been settled by issuing 13,855,487 new ordinary shares in the Company (the "Consideration Shares") at a price of 1.875 pence per share, representing the 5-day Volume Weighted Average Price ("VWAP") 10 days following the filing of the FS, as per the terms of the Purchase Agreement.

    Upon issue of these shares Glencore will hold approximately 6.11% in the Company.

    Settlement and Dealings

    Application has been made to the London Stock Exchange for the Consideration Shares to be admitted to trading on AIM. It is expected that Admission of the 13,855,487 Consideration Shares will become effective and dealings in such Consideration Shares will commence at 8.00 a.m. on 24 January 2019.

    The Company is relying upon section 602.1 of the TSX Company Manual in connection with the issuance of the Consideration Shares, which exempts the Company from, among other things, obtaining shareholder approval under sections 604(a)(ii) and 607(g)(ii) of the TSX Company Manual, on the basis that the issuance of the Consideration Shares is being completed in accordance with the standards of AIM and the volume of trading of the Ordinary Shares on all Canadian marketplaces in the 12 months immediately preceding the date of the application by the Company to the TSX for conditional approval of the issuance of the Consideration Shares was less than 25%.

    The Consideration Shares will, when issued, rank pari passu in all respects with the ordinary shares of the Company that are issued and outstanding (the "Existing Shares") including the right to receive dividends and other distributions declared following Admission.

    Total shares in issues

    The Company now has 1,446,377,287 Ordinary Shares in issue. The total number of voting rights is therefore 1,446,377,287 and Shareholders may use this figure as the denominator by which they are required to notify their interest in, or change to their interest in, the Company under the Disclosure and Transparency Rules.
     
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  5. Groucho

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  10. Groucho

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    12 February 2019


    GRANT OF OPTIONS FOR BRAZILIAN TEAM


    Horizonte Minerals Plc, (AIM/TSX: HZM) ('Horizonte' or 'the Company') the nickel development company focused inBrazil, announces the award of options to certain key employees inBrazil.

    The Company has issued 2,000,000 new options over ordinary shares of 1p each in the capital of the Company to leading members of the Brazilian operations team. The options have an exercise price of4.8 penceper share in line with the 2018 share option award parameters and vest in three equal tranches at the 6, 12 and 18 month anniversary of grant.

    The total number of options outstanding is 136,300,000 which represents 9.3% per cent. of the current issued share capital of 1,466,377,287ordinary shares.

    Certain aspects of the award of Awarded Options are subject to TSX approval.
     
  11. Groucho

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