Pan Global Announces First ESG Report
PAN GLOBAL ANNOUNCES FIRST ESG
REPORT
TSXV: PGZ | OTCQX: PGZFF
VANCOUVER, BC
,
Sept. 21, 2023
/CNW/ - Pan Global Resources Inc. ("Pan Global" or the
"Company") (TSXV: PGZ) (OTCQX: PGZFF) is pleased to announce completion of the Company's
first sustainability assessment report from Digbee ESG
™
("Digbee"), a leading independent
assessment platform for the mining industry.
"The 2023 ESG Report marks a significant milestone in the Company's journey towards excellence
in environmental, social, community engagement, health and safety practices, and governance. The
report underscores our commitment to responsible operating practices," said
Tim Moody
, President
and CEO.
"Our inaugural report showcases the Company's dedication to the principles of sustainability and
highlights the positive impact in the communities where we operate. We have embraced continual
learning as we approach the next phases of development at the Escacena Project."
The ESG report provides a comprehensive assessment of Pan Global's performance across a
broad range of ESG criteria and, importantly, provides the Company with a platform to target further
improvement in future years as part of the rigorous and standardised scoring process by Digbee's
independent panel of qualified mining ESG experts.
Jamie Strauss
, Founder and CEO of Digbee, commented, "As an EU developer of critical mineral
products and as the first Spanish junior exploration company to join the UN Global Compact initiative,
Pan Global acknowledges the importance of planning an ESG journey that relies not just on
compliance but recognizes the benefits of best practice. Through the Digbee process, it is expected
that Pan Global will prioritize areas of improvement with which it will act on over the coming 12
months."
Our Commitment
Environmental Stewardship:
Pan Global recognizes the importance of environmental conservation
and has implemented comprehensive measures to minimize its environmental impact. By adhering to
stringent environmental standards, Pan Global aims to protect local ecosystems and minimize
disturbances from exploration activities.
Social Responsibility:
The well-being of the communities surrounding the Escacena Project is of
paramount importance to Pan Global. The Company has actively engaged with local stakeholders,
providing employment opportunities, and supporting community development initiatives. Pan Global is
committed to fostering positive relationships and ensuring that its operations bring lasting benefits to
the region and to
Spain
.
Governance Excellence:
Transparency and ethical conduct are core principles at Pan Global. The
ESG Report outlines the Company's governance framework, including its commitment to adhering to
all relevant laws and regulations. Pan Global is dedicated to maintaining the highest standards of
corporate governance to build trust with shareholders, partners, and the community.
Inclusion of Copper in the EU Critical Raw Materials Act:
The announcement earlier this year of copper's inclusion in the EU Critical Raw Materials Act
recognizes the strategic importance of copper in
Europe's
transition to a greener, more sustainable
economy. Copper is a crucial component in renewable energy systems, electric vehicles, and other
technologies essential for reducing greenhouse gas emissions.
As well as being one of the most important mineral regions in
Europe
, the Iberian Pyrite Belt is also
the most significant Volcanogenic Massive Sulphide mining district for copper and other metals
globally. In a recent study conducted by the European Commission, it was reported that the EU
imports 48% of its current copper requirements, the majority of which derives from Chilean
exploration and extraction and from Chinese processing facilities.
As a copper exploration company in
Spain
, Pan Global's commitment to responsible exploration of
copper and other metals aligns with the EU's efforts to secure a resilient and sustainable supply
chain for critical raw materials.
Spain
is also the greenest energy producer/consumer in
Europe
and
the backbone of that energy supply is the copper and tin used in solar panels, wind turbines, and
electricity generation, storage, and delivery.
Pan Global invites all stakeholders to learn more about our commitment to sustainability at
https://www.panglobalresources.com/sustainability
. The Company looks forward to continued
collaboration with its partners in its pursuit of a more sustainable and responsible mining industry.
About the Escacena Project
The Escacena Project comprises a large, contiguous, 5,760-hectare land package controlled 100%
by Pan Global in the east of the Iberian Pyrite Belt. Escacena is located near operating mines at Las
Cruces and Riotinto and is immediately adjacent to the former Aznalcóllar and Los Frailes mines
where Minera Los Frailes/Grupo Mexico is in the final permitting stage with construction anticipated
to start in 2023. The Escacena Project hosts the La Romana copper-tin-silver discovery and a
number of other prospective targets, including Zarcita, Hornitos, La Jarosa,
Romana Deep
,
Romana
North
,
Romana West
, Cañada Honda, Bravo, Barbacena, El Pozo, and San Pablo. The Company
has also conducted work on the Aguilas Project that includes approximately nine investigation
permits, and covering approximately 16,300 hectares in northern Andalucía,
Spain
. Pan Global is
targeting zinc, lead, silver, and copper and initial drilling has reported positive results.
About Pan Global Resources
Pan Global Resources Inc. is actively targeting copper-rich mineral deposits, given copper's
compelling supply-demand fundamentals and outlook for strong long-term prices as a critical metal
for global electrification and energy transition. The Company's flagship Escacena Project is located
in the prolific Iberian Pyrite Belt in southern
Spain
, where infrastructure, mining and professional
expertise, and support for copper as a Strategic Raw Material by the European Commission
collectively define a tier-one jurisdiction for mining investment. The Pan Global team comprises
proven talent in exploration, development, and mine operations - all of which are committed to
operating safely and with utmost respect for the environment and our partnered communities.
On behalf of the Board of Directors
Forward-looking statements
Statements which are not purely historical are forward-looking statements, including any statements
regarding beliefs, plans, expectations, or intentions regarding the future. It is important to note that
actual outcomes and the Company's actual results could differ materially from those in such forward-
looking statements. The Company believes that the expectations reflected in the forward-looking
information included in this news release are reasonable but no assurance can be given that these
expectations will prove to be correct and such forward-looking information should not be unduly
relied upon. Risks and uncertainties include, but are not limited to, economic, competitive,
governmental, environmental, and technological factors that may affect the Company's operations,
markets, products, and prices. Readers should refer to the risk disclosures outlined in the
Company's Management Discussion and Analysis of its audited financial statements filed with the
British Columbia Securities Commission.
The forward-looking information contained in this news release is based on information available to
the Company as of the date of this news release. Except as required under applicable securities
legislation, the Company does not intend, and does not assume any obligation, to update this
forward-looking information.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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SOURCE
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For further information:
Jason Mercier, VP Investor Relations and Communications,
[email protected], +1 778 372-7101, www.panglobalresources.com
CO: Pan Global Resources Inc.
CNW 09:00e 21-SEP-23