Sizeable limonite find exposes Horizonte to burgeoning EV market

September 14, 2017

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Brazil-focused nickel development company Horizonte Minerals on Thursday reported sizeable limonite mineral resources at its Araguaia nickel project, which exposes the Aim- and TSX-listed company to the fast-growing nickel/cobalt electric vehicle battery market. Limonite is treated to produce products, such as nickel and cobalt hydroxides, suitable for supplying the EV battery market, explained CEO Jeremy Martin, who added that global demand for nickel and cobalt was expected to accelerate over the next five to ten years as EV battery production ramps up.

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