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Royal Road Minerals

Sustainability

New Mines for a New World

Royal Road Minerals

Sustainability

New Mines for a New World

Royal Road Minerals

Sustainability

New Mines for a New World

Royal Road Minerals

Sustainability

New Mines for a New World

Our approach

We are committed to a new model of exploration and mining for a new world, one which reduces environmental impact, benefits communities and contributes to the development of countries. We are working on this through operating in accordance with national and international standards while also seeking to push the boundaries of sustainability performance - identifying new approaches and trialing innovative initiatives to change the mining paradigm.

Awards

We are pleased to have been awarded the Environmental, Social and Governance (ESG) Exploration and Developer Award at the Mines and Money Event in London on December 1 - 2, 2021. The Company also received the Economic Development Award at the Colombia Gold Symposium which was held in Medellin on November 16 - 17, 2021 and the Environmental & Social Management Award from the Colombian Ministry of Mines and Energy and National Mining Agency, Bogota.

These awards recognize the efforts made by the company to promote Environmental Excellence at all of our exploration sites, sustainable development through our community programs and innovative “Accelerator” initiatives.

Environmental & Social Management Award, Colombian Ministry of Mines and Energy and National Mining Agency, Bogota


“These recognitions would not have been possible without the support and trust of our community partners and the dedicated efforts of our on-ground specialists”

“ESG is at the core of our business, and we are convinced that exemplary performance will be crucial in order to maintain engagement with the financial community, unlock world class mineral bodies that are necessary for the transition to a decarbonized economy and meet the United Nations Sustainable Development Goals”.


Raul Farfan, Executive Director, Sustainability

Awards 2021 3

We are proud to have been accepted as a participant of the #TerraCarta from HRH The Prince of Wales’s Sustainable Markets Initiative.

The Terra Carta provides a roadmap to 2030 for businesses to move towards an ambitious and sustainable future; one that will harness the power of Nature combined with the transformative power, innovation and resources of the private sector.

The global business proposition outlines ten areas for action and comprises nearly 100 actions for business as the basis of a recovery plan that puts Nature, People and Planet at the heart of global value creation.

Find out more here : https://www.sustainable-markets.org/terra-carta [FB: @retvsmi] [INSTA: @retv_smi] #SMI


Watch President & CEO Tim Coughlin talk about the initiative in this short video.

Policies and Standards

From the first interaction with a community, and the first footstep on the ground, Royal Road Minerals operates in accordance with the Company's social, and environmental, policies which aim to minimise adverse impacts and maximise benefits. These policies cover the responsible management of water, biodiversity, pollution prevention, cultural heritage, human rights and stakeholder engagement.

Beyond the company's policies, we are also committed to operating in compliance with the Equator Principles - the risk management framework adopted by leading financial institutions to assess and manage social and environmental risk in project finance.

As part of the effort to develop a new type of exploration and mining for a new world, RRM believes there is a great opportunity to link our economic, social and environmental performance to the achievement of the United Nations Sustainability Development Goals (SDGs) to eradicate poverty, protect the planet and reduce inequality.

Royal Road Minerals

Social Responsibility

The creation of sustainable relationships based on mutual respect and understanding and the development of partnerships with local communities and other stakeholders are key corporate priorities.

Our social management programs will minimize and mitigate any adverse social impacts generated by our activities and, where possible, enhance those that are beneficial. In line with the internationally recognized best practices, we commit ourselves to comply with this program with total transparency, commitment to the community and under a continuous improvement approach.

A commitment to the establishment of partnerships

We are responsible for sharing and maximizing the benefits generated by our business, one that is based on finite mineral resources. Our contribution to building robust and more sustainable communities is channeled through community-based initiatives that are inclusive and make a difference without creating dependency.

Partnerships are essential to manage social risks and impacts. We will actively participate with regulators, local communities and development actors to plan ahead and design ways in which our investments and activities can boost local and regional development opportunities. We always make a clear difference between mandatory and voluntary social management actions.

Royal Road Minerals understands that its community development activities need to contribute to the development plans of the territories where we operate.

Respecting Indigenous Peoples and protecting cultural heritage

RRM acknowledges and respects traditional landownership and land uses and the unique rights, culture and history of Indigenous Peoples. When working with Indigenous Peoples interested in, or affected by RRM projects, the company will seek to operate in a manner consistent with the principles described in the International Labour Organisation (ILO) C169 Indigenous and Tribal People Convention.

Royal Road Minerals will participate in consultations with specialists and communities to understand and identify possible risks and impacts and protect cultural values, practices, sites, knowledge and objects.

Working with artisanal and small-scale miners

Artisanal and small-scale mining is widespread in a number of the areas where RRM is exploring. While it is often unsafe and informal, the livelihoods of many families are dependent on these mining activities. RRM is committed to working with local miners in proximity to our exploration activities to support them to formalize their activities, achieving a safer and more secure income for miners, improving the environmental performance of the artisanal mining activities and complying with government regulations.

Human Rights

RRM supports and respects all internationally recognised human rights consistent with the Universal Declaration of Human Rights. As a company focused on exploration and mining, the human rights we have the greatest ability to influence are in the areas of: security; land access; Indigenous people's rights; environmental concerns including access to water; and labour rights. RRM operates in accordance with the Voluntary Principles on Security and Human Rights.

Royal Road Minerals

Environmental Responsibility

Responsible environmental management is a cornerstone of RRM's operational approach. The RRM Environmental Policy provides the basis for practices seeking to minimize and mitigate adverse environmental impacts in accordance with leading international practice. Beyond this however, RRM is looking to application of new technologies that will further reduce environmental impacts. Recognizing that it is not possible to undertake exploration and mining activities with zero impact, we work with our host communities and regulators to monitor the impacts we generate and transparently report on our performance.

Biodiversity

Biodiversity is the variety and variability of life on Earth. Through exploring in remote and varied areas, mining companies can be exposed to areas of high biodiversity value. RRM considers the conservation and responsible management of biological diversity a key business and societal issue. The company's approach is one of responsible environmental stewardship. It therefore aims to develop projects which achieve "no net loss" (NNL) of biodiversity or priority ecosystems services. It further aims to develop projects which do not degrade ecosystems, both those upon which the project relies (e.g. water supply) and those upon which others depend for their well-being or livelihood.

Water

Water plays a vital role in sustainable development and water security is a growing global concern. Royal Road Minerals aims to develop projects in a manner which minimizes the use of water across each stage of project development. Technology and smarter approaches to mining are increasingly generating opportunities to reduce the water footprint of mines.

We also seek to minimize impacts to other water users through careful management of both water consumption and water quality.

Pollution Prevention

Royal Road will actively plan for exploration, construction, operation, closure and reclamation of each new project from the design stage. The prevention of pollution is embodied in the company's Environmental Management Plans and RRM commits to managing its environmental footprint to avoid, to the extent possible, contamination from its sites.

Royal Road Minerals

Royal Road Accelerator

The Royal Road Accelerator is a 100% owned subsidiary of Royal Road Minerals Ltd. It is a commercial enterprise, which identifies, incubates and commercializes potentially dividend-paying businesses which greatly benefit the rural communities in and around Royal Road Minerals' exploration and development projects. Currently we have 3 projects:

Cloris

Based in Nariño Province, Southern Colombia, Cloris is an industrial hemp and CBD isolate producer with more than 7000 plants growing. Cloris works closely with the community in Chachagui and employs approximately 20 people who are part of Colombia's vulnerable groups, ex-combatants and people displaced by violence.

Amaral

Based In Nicaragua, Amaral is a certified artisanal brewer who use the Quassia Amara, to develop a new recipe for tonic water and a substitute for hops, an essential ingredient in beer brewing to add bitterness and flavour.

BeFly

Based in Cauca Province, Colombia (close to Royal Road’s El Molino Project), BeFly is developing high quality, protein-rich animal feed through the bioconversion of organic waste by black soldier flies. This initiative has the potential to be established in various of Royal Road’s rural environments in Nicaragua and Colombia in order to bioconvert the organic waste produced from rural households and restaurants, diversify the community food source and reduce reliance on otherwise forested pasture land.

Rr accelerator

Royal Road Minerals

Social & Environmental Initiatives

Royal Road Minerals works closely with local communities, government agencies and other private sector designing and implementing sustainable initiatives that aim at improving the surrounding environment and the lives of the people where we operate. Click on the interactive map to see some of our Social and Environmental initiatives ↓

World Biodiversity Day 2022, Nicaragua

2 Greenhouses Built, Colombia

Tree Planting Workshop with Biomma, Colombia

Provisions After Hurricane IOTA & ETA

Vet Day for 100+ Animals, Nicaragua

Covid-19 Support, Food Parcels, Colombia