- The agreement was signed on May 4, 2021, by Matt Manson, President and CEO of Marathon, and Qalipu Chief Brendan Mitchell
- The SEA establishes a framework for a long-term working relationship between Marathon and Qalipu over the life of the Valentine Gold Project
- The agreement addresses employment opportunities for Qalipu members and businesses, education, environmental stewardship and community investment
- Marathon is a Toronto-based gold company
- Qalipu is a Mi’kmaq First Nation established in 2011
- Marathon Gold Corporation (MOZ) opened trading at C$2.56 per share
Marathon Gold Corporation (MOZ) and Qalipu Mi’kmaq First Nation (Qalipu) have concluded a Socio-Economic Agreement.
The agreement was signed on May 4, 2021 by Matt Manson, President and CEO of Marathon, and Qalipu Chief Brendan Mitchell.
The SEA establishes a framework for a long-term working relationship between Marathon and Qalipu over the life of the Valentine Gold Project.
The agreement addresses matters such as access to employment and contracting opportunities by Qalipu members and businesses, education, environmental stewardship and monitoring, community investment and ongoing engagement.
Matt Manson commented,
“The investment in people and indigenous communities is a critical component of the development of Newfoundland and Labrador’s rich mineral resource potential. We are very pleased to have entered into this agreement with Qalipu, which reflects our commitment to prioritize local economic development, employment, and community well-being in what will be Atlantic Canada’s largest gold development project.”
Chief Mitchell commented,
“This project will have a lasting impact on the members of Qalipu First Nation in the Central Newfoundland region and we feel that it is important for us to work with Marathon Gold to ensure that the pillars of environmental stewardship, consideration for wildlife, engagement, employment and procurement are closely adhered to on behalf of our members and their communities”.
Marathon is a Toronto-based gold company advancing its 100%-owned Valentine Gold Project located in the central region of Newfoundland and Labrador, one of the top mining jurisdictions in the world.
Qalipu is a Mi’kmaq First Nation established in 2011 as an Indigenous Band under the Indian Act. With a large membership spread across 67 traditional Newfoundland Mi’kmaq communities and abroad, it is one of the largest First Nation groups in Canada.
Marathon Gold Corporation (MOZ) opened trading at C$2.56 per share.
