Vancouver, British ColumbiaAnd 30 July 2021 /PRNewswire/ – KORE Mining Ltd. (TSXV: KORE) (OTCQX: KOREF) (“Cor“or the”company“) announces that its Board of Directors has formed a unused Board Committee, the Environment, Health, Safety and Sustainability Committee (“the Committee”) to oversee KORE’s environmental, social and governance practices (“ESG”). ESG’s considerations have come to be recognized by investors and communities and regulators as essential to the lengthy-term success of any mining company, at all stages of its development.The scope of the committee will include safety, health, sustainability, and societal, social, environmental and governance considerations of those issues.
The newly formed committee is chaired by the CEO Scott Triplecockand other committee members Mr. Brendan Cahill And Mr. Don McDonald, who have decades of experience in managing a wide range of environmental, social and governance issues related to mine development. The formation of the committee will bring these significant topics up on the board’s routine agenda and focus attention on promoting programs and transparency.
Mr. Trebilcock stated: “The formation of the ESG Committee will aid us focus on key stakeholder issues as we persevere to work to advance the Empire and Long Valley gold projects in California. We are confident that our work in this area will demonstrate to investors, local communities and other stakeholders that we take ESG matters very seriously while adhering to lofty standards.”
The committee held its first meeting final week and tasked management with developing a powerful value statement and policy with regard to environmental, social and corporate governance standards. KORE’s governance matters that are not related to safety, health, sustainability, community and the environment will persevere to be managed by the Compensation and Governance Committee, whose charter remains unchanged.
The Board of Directors of KORE, pursuant to the company’s stock options plan, has granted annual stock-based incentives to positive directors, officers, employees, and advisors of the company. the Issuance 2,075,000 options are part of KORE’s routine annual incentives to attract and retain skilled managers and administrators.staff and consultants. The bonus represents approximately 1.85% of the current issued and distinguished shares of KORE. Options can be exercised in 0.62 Canadian dollars, with a third vesting in 6 months, another third vesting in 12 months and the balance 18 months following the grant date. The options for directors and officers have a term of 5 years and for employees and consultants a term of 3 years.
About KORE . Mining
KORE is 100% owner of Imperial and Long Valley gold projects in California. Both projects have positive initial economic evaluations. KORE is backed by strategic investors Eric Sprott who owns 26% of the core stock of KORE Corporation. KORE’s management and board of directors are aligned with shareholders, owning an additional 35% of the underlying stock distinguished. KORE is actively developing its Imperial Gold project and aggressively exploring its portfolio of assets.
More information about KORE can be found on the company’s website at www.koremining.com, by contacting us at email@example.com, or by phone at (888) 407-5450.
On behalf of KORE Mining Ltd
Chief Executive Officer
Neither TSX Venture Exchange nor the Regulatory Services Provider (as defined in the TSX Venture Exchange policies) accept responsibility for the adequacy or accuracy of this release.
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source korea mining