Add New Energy Investment Holdings Group Ltd. agreed to subscribe for 36,574,077 new shares in Australia-listed Horizon Minerals Limited $(HRZ.AU)$ at A$1.08 per share, for total consideration of about A$39.5 million, under a placement arranged by Petra Capital. The subscription is split into two tranches: 11,486,942 shares (about A$12.4 million) to settle on 24 February 2026 and be issued on 25 February 2026, and 25,087,135 shares (about A$27.1 million) conditional on Horizon shareholder approval, expected to settle on 13 April 2026 and be issued on 14 April 2026. After tranche one, Add New Energy expects to hold about 4.48% of Horizon, rising to about 9.95% after both tranches; funding will be in cash, partly via an unsecured, interest-free loan from a controlling shareholder and potentially proceeds from a proposed rights issue.

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