In January 2022, construction work is expected to begin on the headquarters of South Star Battery Metals, a Canadian company operating in the municipality of Itabela. The announcement was made last week by the company’s president and CEO, Richard Pearce, during a meeting with Mayor Luciano Francisqueto and municipal Secretary of the Environment, Ednardo Morais.

EMPLOYMENT AND INCOME GENERATION – The establishment of the mining company will represent an investment of more than 130 million in the town. In the first phase alone, 30 million will be invested and, according to the Secretary of the Environment, the implementation of the second phase is already underway. “This implementation will represent a new frontier for Itabela with the generation of jobs and taxes. The opportunities will multiply,” underlined the Secretary of the Environment.

The president and CEO of the mining company informed that the company should directly generate 55 jobs and that these figures multiply by 13, when we take into account the hirings that will be made by service companies and suppliers.

Pearce informed that the mining company is completing the necessary bureaucratic processes and has already obtained the municipal and national environmental license. “We are concluding the financing issues and, soon after, we will mobilize the entrepreneurs. Construction is expected to be completed within 12 months. It is expected that in December 2022 the company will begin commercial operations,” Pearce emphasized.

The CEO of the mining company informed that the fact that the municipality of Itabela, as well as other municipalities in the region, have the company’s raw material, graphite, guaranteed the implementation of the mining company and thanked all the support it received. from the town hall to streamline licensing processes. “The town hall, through the Department of the Environment, has given us all its support with the licenses, so that everything is done as required by environmental legislation,” thanked Pearce.

Mayor Luciano Francisqueto, who from the beginning of the process of establishing the company in the municipality gave his full support to the mining company, wanted to emphasize the importance of this great achievement for Itabela. “We continue to experience social and economic growth. The confirmation of this investment in Itabela is proof of this. This is another important achievement for the entire local community,” concluded the Mayor.

MINING PROJECT – In January 2022, the foundation stone will be laid to launch the construction of the company’s headquarters and commercial activities will begin within 12 months.

South Star Battery Metals will explore graphite flake mineralization. The project has 13 approved exploration licenses.