Horizon Minerals Ltd has addressed concerns raised by the Australian Stock Exchange regarding a premature media disclosure related to its recent capital raising initiative. The company’s CFO and Company Secretary, Julian Tambyrajah, confirmed that a media advisor provided information via text message to a journalist from the Australian Financial Review on Sunday, 25 May 2025 at around 4:00pm AWST. This communication detailed a $30 million two‐tranche placement at $0.043 per share that was oversubscribed and outlined the intended use of funds, which include advancing drilling programs at multiple projects, funding engineering studies for processing plant refurbishment, managing working capital ahead of processing a significant ore stockpile, and potential debt retirement. Horizon Minerals Ltd explained that the release was made under the mistaken belief that sharing the information on an embargoed basis was acceptable because the market was closed and the company’s shares were under a trading halt at that time. The placement announcement was officially uploaded to the ASX Market Announcements Platform later that evening at 8:10pm AWST. While the company acknowledges that the disclosure breached Listing Rule 15.7, it emphasized that the breach was unintentional. Horizon Minerals Ltd has reiterated its commitment to maintaining strict adherence to its Continuous Disclosure Policy, which mandates that all market-sensitive information must be disclosed solely through the ASX platform after receiving an official acknowledgment. In response to the incident, the company’s board has reviewed the matter and will include an agenda item on the upcoming board meeting to evaluate possible updates to the Continuous Disclosure Policy and to reinforce internal training on confidential information handling. This measure is intended to prevent future occurrences and to safeguard the integrity of communications with external parties. The analysis of market sentiment reveals a mixed outlook. On the bullish side, the oversubscribed capital raise signals strong investor interest, with the raised funds poised to accelerate multiple operational projects and strengthen the company’s growth strategy. However, the premature disclosure and subsequent regulatory attention could raise concerns about internal communication controls, potentially leading to short-term uncertainty among investors. Overall, while the capital raising is viewed as a positive progression for the company’s development plans, improved compliance processes will be key to maintaining investor confidence moving forward.