Modern Slavery Statement

Modern Slavery Statement

Introduction

Escorpión 10 SA de CV (hereafter referred to as “Escorpión 10 SA de CV” or “the Company”) is committed to conducting its business with the utmost integrity, ensuring that our operations and supply chains are free from modern slavery and human trafficking. This Modern Slavery Statement outlines our commitment to eradicating these practices and the steps we take to ensure compliance with relevant legislation.

Our Business

Escorpión 10 SA de CV is a mining and metals export company based in Mexico. Our core operations involve the responsible extraction, processing, and export of minerals and metals.

Commitment to Ethical Practices

We recognize the responsibility we bear in preventing and addressing modern slavery and human trafficking within our operations and supply chains. We are dedicated to upholding the highest ethical standards and promoting fair and humane treatment for all individuals involved in our business.

Policies and Procedures

Escorpión 10 SA de CV has implemented robust policies and procedures designed to prevent modern slavery and human trafficking. These include:

1. Supplier Code of Conduct

Our Supplier Code of Conduct explicitly prohibits the use of forced or involuntary labor, child labor, and any form of exploitation. We require our suppliers to adhere to these principles and conduct regular audits to ensure compliance.

2. Employee Code of Conduct

Our employees are bound by a comprehensive code of conduct that emphasizes the prohibition of modern slavery and human trafficking. This commitment is reinforced through training programs, ensuring that all staff members are aware of the signs of exploitation and their role in preventing it.

Due Diligence

Escorpión 10 SA de CV conducts thorough due diligence on all potential suppliers to assess the risk of modern slavery within our supply chains. This includes evaluating the labor practices of suppliers and subcontractors and taking appropriate actions to address any identified risks.

Training and Awareness

We believe that awareness is key to preventing modern slavery. Escorpión 10 SA de CV provides training to employees and management to recognize and address the risks of modern slavery and human trafficking. This training is regularly updated to reflect the latest developments and best practices.

Reporting Mechanisms

Escorpión 10 SA de CV encourages all employees to report any concerns or suspicions related to modern slavery through designated reporting channels. Whistleblower protection measures are in place to ensure that individuals can come forward without fear of reprisal.

Continuous Improvement

Our commitment to combating modern slavery is an ongoing process. Escorpión 10 SA de CV regularly reviews its policies and procedures, seeking opportunities for improvement. We engage with stakeholders, including NGOs and industry partners, to stay informed about emerging risks and best practices.

Approval

This Modern Slavery Statement has been approved by the leadership of Escorpión 10 SA de CV and will be reviewed annually to ensure its continued effectiveness and relevance.

Date: June 12, 2023