Horizonte Minerals PLC - CEO, Jeremy Martin.
CEO, Jeremy Martin.
Source: BRR Media.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Horizonte Minerals PLC (HZM) has signed an agreement involving the Araguaia Nickel Project and Serviço Nacional de Aprendizagem Industrial
  • It is to host community skills training programs like welding and electrical construction
  • The deal is meant to last for two years
  • Horizonte plans to fund approximately $475,746 for over 390 traineeships
  • The first round of training has already begun with 62 per cent of people having been unemployed
  • Horizonte Minerals PLC (HZM) is unchanged trading at $1.68 per share as of 4:06 p.m. ET

Horizonte Minerals PLC (HZM) has signed an agreement for host community skills training.

The agreement involves the Araguaia Nickel Project and Serviço Nacional de Aprendizagem Industrial.

Horizonte stated that under this agreement, the signed partners will train and develop local community members in core skills required during Araguaia’s construction and operational phases.

The deal is meant to last for two years, and Horizonte plans to fund approximately $475,746 to allow training teams to offer over 390 traineeships with Universidade do Estado do Pará. Some skills being taught include welding and electrical construction.

The first round of training has already begun with 58 per cent of participants under the age of 33 years. Roughly 62 per cent of the participants in this round reported being unemployed.

Horizonte is predicting the project will employ more than 2,500 personnel in construction and up to 500 personnel directly in the operational phase.

Aside from direct employment opportunities, the company believes the development of transferable industrial skills will support greater participation by host communities in mine procurement and supply chains for mining, agriculture and tourism sectors.

“With these enhanced skill sets, host community members will have greater opportunities to participate in the direct and indirect mine workforce… and, most importantly, to strengthen the creation of vibrant regional communities,” Jeremy Martin CEO of Horizonte, said.

Horizonte Minerals PLC (HZM) is unchanged trading at $1.68 per share as of 4:06 p.m. ET.

More From The Market Herald

" Victoria Gold (TSXV:GCX) reports Q2 2022 results

Victoria Gold (GCX) released its Q2 2022 results, mostly stemming from its Eagle Gold Mine in Yukon.

" Sandstorm Gold receives court approval for Nomad Royalty (TSX:NSR) acquisition

Nomad Royalty Company (NSR) announced that the Superior Court of Québec has issued a final order approving its acquisition by Sandstorm Gold Ltd.
Grizzly Discoveries Inc. - President & CEO, Brian Testo

" Grizzly (TSXV:GZD) to begin drilling targets

Grizzly Discoveries Inc. (GZD) has announced plans to begin drilling on the Greenwood Project before the end of this month.

" Winshear Gold (TSXV:WINS) upsizes private placement

Winshear Gold (WINS) has increased its previously announced non-brokered private placement financing to $650,000.