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Copper Mountain Mining Corp
Symbol CMMC
Shares Issued 207,501,055
Close 2020-12-11 C$ 1.54
Market Cap C$ 319,551,625
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Copper Mountain pats self on back for ESG ratings

2020-12-11 09:20 ET - News Release

Mr. Gil Clausen reports

COPPER MOUNTAIN MINING MEETS ITS 2020 SUSTAINABILITY TARGETS

Copper Mountain Mining Corp. has achieved an AAA rating for its aboriginal and community outreach and an AA rating for safety and health under the Canadian Mining Association's Towards Sustainable Mining (TSM) standards. The external verification was completed by an independent, qualified and certified TSM verification service provider for TSM requirements.

The company has wholly adopted the TSM standards and has already achieved an AA rating for its tailings management. Copper Mountain is targeting to achieve at least an A rating on the remaining TSM protocols by the end of 2021. These protocols include: biodiversity conservation management, crisis management planning, energy use and greenhouse gas management, child-labour-free and forced-labour-free certification, and water stewardship.

"We set a target at the beginning of this year to achieve at least a[n] AA rating in these categories and we exceeded our goal," commented Gil Clausen, Copper Mountain's president and chief executive officer. "We take our ESG [environmental, social and governance] commitments seriously at Copper Mountain, and our progress demonstrates that commitment. Setting and achieving these TSM targets is just one example. Another initiative that is currently under way is our plan to trial electric trolley assist, which has the potential to replace diesel consumption in our haulage fleet with hydroelectricity, thereby reducing greenhouse gas emissions. We are currently partnered with Komatsu/SMS, ABB, the B.C. government and BC Hydro to advance this trial. Through hydroelectrification and capacity increases, we plan to reduce our carbon intensity by over 50 per cent in five to seven years as we aim to be net zero by 2035. So, not only will Copper Mountain be producing the metals that drive a green economy, we will deliver that value the right way."

Copper Mountain is committed to transparent and continuous disclosure on its ESG programs and will provide regular updates on its TSM progress and ESG initiatives.

About Copper Mountain Mining Corp.

Copper Mountain's flagship asset is the 75-per-cent-owned Copper Mountain mine located in Southern British Columbia near the town of Princeton. The Copper Mountain mine currently produces approximately 90 million pounds of copper equivalent. Copper Mountain also has the development-stage Eva copper project in Queensland, Australia, and an extensive 2,100-square-kilometre highly prospective land package in the Mount Isa area. Copper Mountain trades on the Toronto Stock Exchange under the symbol CMMC and the Australian Securities Exchange under the symbol C6C.

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