Pre-Development Agreement (PDA) with Crees
October 2011 - GéoMégA signs a Pre-Development Agreement (“PDA”) for MONTVIEL Project with the Grand Council of the Crees (Eeyou Istchee) / Cree Regional Authority and the Cree First Nation of Waswanipi.
Partnership Agreement with Lebel-sur-Quévillon
August 2013 - Géoméga signs a Partnership agreement (the “Partnership”) with the City of Lebel-sur-Quévillon
January 2013 - Aerial obseravtion of moose during the fauna inventory in the Montviel region.
The motivation of our exploration and development activities is ultimately the exploitation and transformation of a mineral resource. Starting from there, we are determined to use these activities to actively participate in the sustainable socio-economic development of the EeyouIstchee James Bay territory.
We recognize the non-renewable aspect of a mineral resource as well as the extent of human needs, present and future, to be satisfied by the various usages of this resource.
We also recognize that mining has an environmental impact, and despite the constant improvement of technologies and mining methods, such activity cannot be done without minimum risk.
In this context, we believe in mining development which takes into account sustainable development in terms of its social and economic benefits, through increased environmental and ethical responsibility and continuous improvement of practices.
For GéoMégA, sustainable development is a continuous commitment.
Kiril Mugerman, President and CEO, director
Sustainable Development Policy 1
Sustainable DevelopmentIn Québec, sustainable development means: « development that meets the needs of the present without compromising the ability of future generations to meet their own needs. Sustainable development is based on a long-term approach which takes into account the inextricable nature of the environmental, social and economic dimensions of development activities.” 1
In the context of mining development, we add:
Sustainable mining is development that is motivated by the desire to fill part of mineral resource demand and aims to improve the conditions and quality of life of current and future host territory.
By its nature, mining disrupts environment and aims extracting a non-renewable resource. Mining development is sustainable by the nature of its positive social and economic impact, by increasing environmental responsibility and ethics, and continuous improvement practices.
Host territoryThis is the territory of insertion of a project. The host territory includes the lithology, hydrology, ecosystems, landscapes, socio-economic communities, individuals, cultures, historical context, land users, institutions, administrative, legal and political context.
Values“We are committed and responsible”
We respect our stakeholders, particularly by being transparent1 and coherent (between speech and actions). We take on the consequences of our actions.
“We are careful of the host territories environment”
We have a global vision of the ecological systems and impacted local communities.
“We are proactive and innovative”
We are taking action as early as possible to reduce emissions at source and decrease the environmental footprint. We appeal to the diversity of knowledge and creativity of our stakeholders to generate new ideas.
Transversal axis« Respectful of the Eeyou Istchee James Bay territory »
Sustainable development begins with the respect of traditional cultures, the integration of Montviel in the EeyouIstchee James Bay territory and the responsible use of land in fairness to future generations. Improving the quality of life of Jamesiens and Crees is a concern.
« Good Governance »
Leading and managing the company in a context of sustainable development involves making informed decisions based on a global context and a long-term vision. It is also acting with due diligence.
Economic axis“Creating value and responsible local production “
Creating value for stakeholders must respect the environment and host territories. Future generations have the right to enjoy strong and fair economy and a healthy environment. A responsible production, environmentally and socially, further benefits the value chain.
- This policy covers all past, present and future GéoMégA activities. All directors, managers and employees are subject to (in the context of their activities within the company). Other GéoMégA stakeholders can join on a voluntary basis.
- To set out formal principles and establishing a sustainable development corporate culture
- To ensure coherence between intentions, speech, decisions and actions taken;
- To provide mineral resource produced in a responsible way with least impact as possible;
- To integrate and get involved in the local development of host territories;
- To minimize the adverse impacts of company activities;
- To maximize the benefits for host territories;
- To join a sustainability global approach, by the addition of individual, organizational and collective initiatives of Québec society a
- This policy affirms the commitment of GéoMégA Resources Inc. toward Sustainable development. The Policy was developed to reflect the actual context and future forecast of the company at the time of its adoption. Any amendment to that policy will be made to adjust to a new context and will aim for an improvement.
GéoMégA is committed to implement a sustainability action plan and accountability for sustainable development integrated into annual management report of the company.
The President and CEO are committed to the Board and stakeholders that the policy is implemented and that GéoMégA, by its decisions and actions, tends towards sustainable development in all its activities.
Sustainability director is responsible for development, implementation , follow-up and communication with stakeholders, and will be supported as necessary by managers and employees of the company or other external stakeholders.
1 In accordance with the laws and regulations of financial and non-financial information disclosure established by Autorité des marchés financiers (AMF) and the TSX Venture Exchange.