Wedoany.com Report on Mar 18th, Aide New Energy Investment Holding Group Co., Ltd. entered into a placement letter with Australian gold producer Horizon Minerals Limited, proposing to subscribe for approximately 36.57 million shares at A$1.08 per share, with a total consideration of A$39.5 million. Upon completion of the transaction, Aide New Energy will hold approximately 9.95% of Horizon Minerals' enlarged share capital.

Headquartered in Hong Kong, Aide New Energy primarily operates ilmenite and iron ore businesses in Shandong Province. This investment marks the company's entry into the gold mining sector from its original ilmenite operations.

The target company, Horizon Minerals, is a medium-sized Australian gold producer headquartered in Perth, Western Australia, and listed on the ASX (ASX:HRZ). Its core assets are located in the Kalgoorlie and Coolgardie goldfields of Western Australia, holding approximately 1,309 square kilometers of mineral rights with a gold resource of about 1.8 million ounces. The company's Boorara gold mine and Phillips Find project have achieved stable production, generating consistent revenue through ore sales and tolling agreements in the 2025 fiscal year.