Palladium One Mining Pursues Green Metals with Focus on ESG

About

Palladium One Mining Inc. (TSXV: PDM) is focused on discovering and developing mineral deposits to supply metals critical for green transportation. The Canadian exploration company focuses on platinum group elements (PGE), copper, and nickel - key commodities for electric vehicle batteries and renewable energy technologies.

The company prioritizes projects with district-scale potential in tier-one mining jurisdictions like Finland and Ontario, Canada. Palladium One's flagship asset is the Läntinen Koillismaa (LK) Project, which hosts an existing mineral resource, in Finland's endowed geology. The 2020 Discovery of the Year award-winning Tyko Project represents significant growth potential with its high-grade copper-nickel mineralization.

At Palladium One Mining, sustainability principles guide investment decisions and operations. Beyond supplying in-demand metals for decarbonization, the company actively minimizes environmental impacts, engages stakeholders, and upholds high ethical standards. Palladium One aims to source tomorrow's green metals responsibly and safely.

Summary of 2022 ESG Report

Palladium One has two key exploration projects - the Läntinen Koillismaa (LK) PGE-nickel-copper project in Finland and the Tyko nickel-copper project in Ontario. The LK project hosts an indicated mineral resource of 38 million tonnes and inferred resource of 50 million tonnes.

The company is committed to responsible exploration and has adopted principles and position statements from the International Council on Mining and Metals. It is focused on safety, minimizing environmental impacts, community engagement, and ethical business conduct.

In 2022, Palladium One had 5 direct employees and no contractors. There were no lost time injuries across 9,327 total hours worked. The company aims for zero harm. It holds daily safety meetings during exploration work and does site inspections and reclamation.

Total greenhouse gas emissions were 318 tonnes CO2e, mainly from fuel used in exploration activities. The company withdrew 2,870 cubic meters of water for drilling, all in low water stress areas per the WRI Aqueduct tool. Palladium One complied with all environmental regulations and had no fines or penalties.

For community relations, the company engaged municipal leaders, landowners, and indigenous communities near its projects to provide information and gather feedback. There were no project delays due to community issues.

On governance, Palladium One has a five member board of directors, with three independent members and an ESG committee providing oversight. Diversity is considered in board nominations and 20% of directors are female. The company has a code of conduct addressing ethical business practices and anti-corruption. There were no fines for regulatory non-compliance in 2022.

Palladium One Mining aims to act responsibly across its exploration activities to supply metals that support the transition to green transportation. The company is in the early stages but focused on critical ESG factors as it advances its projects.

Here is the link to the full 2022 ESG report.

Why ESG is Important

As an exploration company focused on supplying metals for the green transition, Palladium One's ESG performance gives investors insight into how responsibly it is conducting activities. The company's commitment to safety, environmental stewardship, community engagement, governance, and ethics provides confidence that Palladium One is proactively managing ESG risks and positioning itself for future growth.

For investors increasingly considering ESG factors, Palladium One's actions in these areas are an indicator of management quality and long-term sustainability. Responsible exploration now lays the groundwork for responsible mine development down the road. The company's choices to adopt industry best practices and align with stakeholder interests demonstrate strategic thinking about its social license to operate.

While still early stage, Palladium One's ESG efforts signal that it takes sustainability seriously. For investors seeking both financial returns and ethical operations, the company's commitments to transparency, stakeholder engagement, and continuous improvement provide reassurance of its intent. As Palladium One advances projects, tracking its performance on material ESG factors will remain important criteria for investors to incorporate into decision making.