Conflict Minerals Policy
Policy Statement:
Precision Metals Inc. is committed to social and environmental responsibility in our activities as well as within our supply chain. In addition to our commitment, we must meet regulatory obligations in addition to specific customer requirements when flowed down to us. On August 22, 2012, the U.S. Securities and Exchange Commission released the rules for section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. These rules require U.S. publically traded companies to trace the Tantalum, Tin, Tungsten and Gold in their products through the supply chain, and disclose whether they came from "conflict mines" in the Democratic Republic of the Congo (DRC). Although Precision Metals Inc. is not publically traded, our intention is to comply with these rules as a part of our community responsibility. We also want to be responsive to many of our customers that are publically traded. The Electronics Industry Citizenship Coalition (EICC) and the Global e-Sustainability Initiative (GeSI) have created a conflict Minerals Reporting Template as a common means to collect information on the source of Tantalum, Tin, Tungsten and Gold. This template is being widely used across the Electronics industry. The template, training materials, and additional information can be found at www.conflictfreesmelter.org. Precision Metals Inc. is using this template for our internal due diligence activities and reporting to our customers. This template is available for customer review on the following link:. Precision Metals Inc. conducted an exhaustive due diligence process which included the identification of materials or minerals of concern in our products, as well as the identification and communication with the applicable suppliers, which is now complete. Our template was updated using the Rev 3.01 EICC template with the latest supplier information in July, 2024