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 Pan Global Resources Inc.