EX-1.01 2 exhibit101cmr20241.htm EX-1.01

Document

Exhibit 1.01

Ballard Power Systems Inc.

Conflict Minerals Report

For the Year Ended December 31, 2024

This Conflict Minerals Report (the “Report”) has been prepared in compliance with Rule 13p-1 and Form SD (the “Rule”) pursuant to the Securities Exchange Act of 1934, as amended, for the year ended December 31, 2024. It has been prepared by management of Ballard Power Systems Inc. (herein referred to as “Ballard,” “the Company”, “we,” “us,” or “our”) and includes information relating to the activities of all consolidated subsidiaries.

The Rule imposes certain reporting obligations when an SEC registrant company manufactures or contracts to manufacture products that contain minerals specified in the Rule which are necessary for the functionality or production of those products. The specified minerals are cassiterite, columbite-tantalite (coltran), wolframite, and their derivatives, which are limited to tin, tantalum, tungsten, and gold (collectively, the “Conflict Minerals”).

As described in this Report, certain of Ballard’s operations manufacture or contract to manufacture products and Conflict Minerals are necessary to the functionality or production of those products.

If a registrant can establish that the Conflict Minerals originated from sources other than the Democratic Republic of the Congo, the Republic of the Congo, the Central African Republic, South Sudan, Uganda, Rwanda, Burundi, Tanzania, Zambia or Angola (the “Covered Countries”), or from recycled and scrap sources, or if it has no reason to believe that its Conflict Minerals may have originated in the Covered Countries, or if based on its reasonable country of origin inquiry the registrant reasonably believes that its Conflict Minerals did come from recycled or scrap sources, they must submit a Form SD which describes the Reasonable Country of Origin Inquiry completed.

If a registrant has reason to believe that any of the Conflict Minerals in their supply chain may have originated in the Covered Countries, or if they are unable to determine the country of origin of those Conflict Minerals, then the issuer must exercise due diligence on the Conflict Minerals source and chain of custody. The registrant must annually submit a report, Conflict Minerals Report (“CMR”), to the SEC that includes a description of those due diligence measures.

The report presented herein is not audited as the Rule provides that if a registrant’s products are “DRC conflict undeterminable” during the specified grace period, the CMR is not subject to an independent private sector audit.

Description of The Company’s Products Covered by this Report

Ballard provides products in three distinct product classes:

1.Fuel cell stacks: Ballard provides FCgen® and FCvelocity® fuel cell stacks to original equipment manufacturer customers and system integrators that use the stacks to produce fuel cell systems for power solutions.

2.Fuel cell modules: Ballard builds the stacks into self-contained FCwave™, FCmove™- HD, FCmove -HD+, FCmove – XD, FCmove – Rail, and FCvelocity®- HD or MD modules that are plug-and-play into larger fuel cell systems.

3.Membrane electrode assemblies: Ballard produces FCgen® membrane electrode assembly (“MEA”) and FCvelocity® MEA that are incorporated in FCgen® and FCvelocity® fuel cell stacks.

All of our products contain electronic, electrical and/or heating components that are necessary for the functionality of these products, and all of these components contain one or more Conflict Minerals.

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Part I. Due Diligence

1.1 Design of Due Diligence

The Company has conducted a good faith reasonable country of origin inquiry (“RCOI”) regarding the Conflict Minerals. This good faith RCOI was designed to determine, to the extent reasonably possible, whether any Conflict Minerals in our products originated in the Covered Countries and whether any of the Conflict Minerals may be from recycled or scrap sources. We also exercised due diligence on the source and chain of custody of Conflict Minerals in our products.

Our due diligence measures have been designed to conform, in all material respects, with the framework in the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas: Second Edition (“OECD Guidance”) and the related Supplements for gold and for tin, tantalum and tungsten.

1.2 Supply chain

We purchase hundreds of components for our products, including electronic boards, valves, heating elements, electrical connectors and other hardware items, all of which are procured through a wide variety of commercial sources.

As a downstream company (as the term is used in the OECD Guidance), Ballard does not purchase Conflict Minerals directly from mines, smelters or refiners and does not have any direct relationship with them. Our supply chain with respect to our products is complex and there are many parties in the supply chain between the manufacture of our products and the original source of Conflict Minerals.

1.3 Controls Systems

Ballard has established a management system for Conflict Minerals. Our management system includes a compliance team sponsored by our Senior Vice President & Chief Operating Officer; as well as senior management representatives and a team of subject matter experts from relevant functions such as Supply Chain, Manufacturing, Finance and Legal. The team is responsible for implementing our Conflict Minerals compliance strategy and is led by a senior supply chain manager. Senior management is briefed about the results of our due diligence efforts on a regular basis.

We also participate in the Conflict Free Sourcing Initiative (now known as the Responsible Minerals Initiative (“RMI”)), an initiative for companies from a range of industries addressing conflict minerals issues in their supply chains.

Other controls include, but are not limited to, our Code of Conduct which outlines expected behaviors for all Ballard employees, our Conflict Minerals Policy (reprinted below) and our Supplier Conduct Principles (available at http://www.ballard.com/about-ballard/suppliers).

1.3 Conflict Minerals Policy

We have adopted the following Conflict Minerals policy:

The mining of certain minerals from the eastern portion of the Democratic Republic of the Congo (DRC) and surrounding countries has financed armed conflict, resulting in violence and human rights violations in the region. In July 2010, the US Congress passed legislation requiring the US Securities and Exchange Commission (SEC) to adopt rules that all US publicly traded companies must disclose their use of Conflict Minerals. The SEC defines "Conflict Minerals" as gold, cassiterite, columbite-tantalite, wolframite, or their derivatives (specifically, tin, tantalum, and tungsten), or any other minerals or their derivatives determined by the US Secretary of State to be financing conflict in this region.

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Ballard is committed to avoiding the use of Conflict Minerals which directly or indirectly finance or benefit armed groups in the DRC or adjoining countries.  Ballard is committed to complying with the reporting obligations required by the SEC, including the requirement that Ballard conduct inquiries into the source of any Conflict Minerals included in its products. 

Ballard does not directly purchase or source the raw metals used in our products. For this reason, tracing the path of minerals throughout our supply chain is a complex process. We also do not have complete visibility into the sources of all component minerals. However, we actively engage with our suppliers to promote responsible sourcing practices, and we conduct due diligence to determine whether the materials provided by our suppliers contain Conflict Minerals.

Ballard suppliers are required to acknowledge Ballard’s Code of Conduct, which includes requirements regarding Conflict Minerals and responsible sourcing. Suppliers are also responsible for passing the same requirements on to their suppliers.

Suppliers will be required to declare that all products supplied either:

•Do not contain tantalum, tin, tungsten or gold that are necessary to their production or functionality, or,

•If they do contain these minerals, they originate from non-conflict areas or from smelters that have been validated by an independent private sector party to be conflict free.

Ballard will evaluate its relationships with its suppliers on an ongoing basis to ensure continued compliance with this policy.  Ballard reserves the right to request additional documentation from its suppliers regarding the source of any Conflict Minerals included in its products.  In addition, suppliers must maintain and provide Ballard upon request traceability data for a minimum of five years.  Suppliers who do not comply with these requirements shall be reviewed by Ballard’s supply chain organization for future business.

For additional information about our commitment to responsible sourcing and other human rights, see our Supplier Principles of Conduct.

1.4 Certification or Audit of Smelters and Refiners

We do not have a direct relationship with Conflict Minerals smelters and refiners and do not perform or direct audits of these entities within our supply chain. We rely on the list of smelters and refiners that have received a “conflict free” designation from the Responsible Minerals Assurance Process (“RMAP”), or other independent third-party audit program, which provide country of origin and due diligence information on the Conflict Minerals sourced by such facilities.

We have determined that the most reasonable method of determining the mines or locations of origin of the Conflict Minerals in our supply chain is to identify the smelters and refiners supplying the Conflict Minerals by requesting our suppliers to complete the Template (as defined below), and then checking those smelters and refiners with the RMAP list.

1.5 Risk Assessment

We have identified 975 direct suppliers of various raw materials, products and services. Because of our size, the complexity of our products, and the depth, breadth, and constant evolution of our supply chain, it is difficult to identify factors upstream from our direct suppliers. Accordingly we rely on these suppliers to provide us with information about the source of Conflict Minerals contained in the components supplied to us. Our direct suppliers are similarly reliant upon information provided by their suppliers. Many of the largest suppliers are also SEC registrants and subject to the Rule.

It is not practical to conduct a survey of all our suppliers and we believe a reasonable approach would be to conduct a survey of the suppliers who represented the majority of our expenditures in 2024 for purchases related to products we manufacture. In

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addition, we included suppliers of components that by their nature were likely to contain Conflict Minerals. In total, we identified 233 direct suppliers for our survey. We believe that this risk-based approach is consistent with how many peer companies are approaching their due diligence.

Supplier Survey

We conducted a survey of those suppliers described above using the template developed by the Electronic Industry Citizenship Coalition® (EICC®) and The Global e-Sustainability Initiative (GeSI), known as the Conflict Minerals Reporting Template (the “Template”). The Template was developed to facilitate disclosure and communication of information regarding smelters that provide material to a company’s supply chain. It includes questions regarding a company’s conflict-free policy, engagement with its direct suppliers, and a listing of the smelters the company and its suppliers use. In addition, the template contains questions about the origin of Conflict Minerals included in their products, as well as supplier due diligence. Training resources illustrating the use of the tool are available on RMI’s website. The Template is being used by many companies in their due diligence processes related to Conflict Minerals.

Survey Responses

We received responses from 66% of the suppliers surveyed. We reviewed the responses against criteria developed to determine which required further engagement with our suppliers. These criteria included untimely or incomplete responses as well as inconsistencies within the data reported in the template. We will work directly with these suppliers to provide revised responses in the future.

37 suppliers were able to identify specifically the smelters or refiners of Conflict Minerals that may have gone into parts supplied to Ballard. These responses included the names of 387 entities. We compared these facilities to the RMI list of smelters and refiners and where a supplier indicated that the facility was certified as Conflict-Free, we ensured that the name was listed by RMAP. 1 Supplier provided only smelter identification numbers for smelters or refiners. Of the smelters or refiners named by suppliers, 11 were not on the RMI list. The remaining smelters or refiners were on the RMI list and are certified Conflict-Free by RMAP.

None of our suppliers provided information at a part number level. The large majority of the responses received provided data at a company or divisional level and, except as described above the majority of our direct suppliers were unable to specify the smelters or refiners used for components supplied to Ballard. Therefore, except as set out below, we are unable to identify any of the smelters or refiners that are actually in our supply chain.

Smelters or Refiners

The list of smelters and refiners of Conflict Minerals identified by our direct suppliers that supply such direct suppliers and may have gone into parts supplied to Ballard are listed in the Appendix.

1.6 Risk Mitigation & Future Due Diligence Measures

In response to this risk assessment, Ballard has an approved risk management plan, through which the Conflict Minerals program is implemented, managed and monitored. Updates to this risk assessment are provided regularly to senior management.

We intend to take the following steps to improve the due diligence conducted to further mitigate any risk that the necessary Conflict Minerals in our products could benefit armed groups in the DRC or adjoining countries:

•As we enter into new contracts, or our contracts are renewed, we are adding a clause to require suppliers to provide information about the source of Conflict Minerals and smelters. It will take a number of years to ensure that all our

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supplier contracts contain appropriate flow-down clauses. In the meantime we are working with selected suppliers to ensure they provide the Conflict Minerals sourcing information until the contracts can be amended.

•Expand the number of suppliers requested to supply information.

•Engage with suppliers and direct them to training resources to attempt to increase the response rate and improve the content of the supplier survey responses.

•Engage any of our suppliers whom we have reason to believe are supplying us with Conflict Minerals from sources that may support conflict in the DRC or any adjoining country to establish an alternative source of Conflict Minerals that does not support such conflict, as provided in the OECD guidance.

•Work with relevant trade associations to define and improve best practices and build leverage over the supply chain in accordance with the OECD Guidance.

Part II. Product Description

Given that all suppliers did not respond to our survey, and that the majority of responses we received were provided at a company or supplier-defined level not specific to the components supplied to Ballard, and that a number of suppliers do not know the origin of the Conflict Minerals in their products, we do not have sufficient information to determine the origin of the Conflict Minerals in our products subject to the Report, whether the Conflict Minerals came from scrap or recycled sources, the specific facilities used to process the Conflict Minerals, or the country of origin or the mine or location of the origin of the Conflict Minerals.

After exercising the due diligence described above, Ballard was unable to determine whether or not each of our products qualify as “DRC conflict free”, as defined under the Rule. Accordingly, we have reasonably determined that all of our products are “DRC conflict undeterminable”, as defined in the Rule.

The facilities used to process the Conflict Minerals in our product and their countries of origin, to the extent known, are set out above.

Ballard expects to take the risk mitigation steps described above to improve its due diligence efforts and to further mitigate the risk that Conflict Minerals contained in our products finance or benefit armed groups in the Covered Countries.

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Appendix

Smelters or Refiners

The following is a list of smelters and refiners of Conflict Minerals identified by our direct suppliers that supply such direct suppliers and may have gone into parts supplied to Ballard:

Metal			Smelter Name			Smelter Country			Smelter Identification
Gold			Agosi AG			Germany			CID000035
Gold			Umicore S.A. Business Unit Precious Metals Refining			Belgium			CID001980
Gold			Metalor Technologies S.A.			Switzerland			CID001153
Gold			Argor-Heraeus S.A.			Switzerland			CID000077
Gold			Aurubis AG			Germany			CID000113
Gold			C. Hafner GmbH + Co. KG			Germany			CID000176
Gold			Heimerle + Meule GmbH			Germany			CID000694
Gold			WIELAND Edelmetalle GmbH			Germany			CID002778
Gold			Almalyk Mining and Metallurgical Complex (AMMC)			Uzbekistan			CID000041
Gold			AngloGold Ashanti Corrego do Sitio Mineracao			Brazil			CID000058
Gold			Asahi Pretec Corp.			Japan			CID000082
Gold			Bangko Sentral ng Pilipinas (Central Bank of the Philippines)			Philippines			CID000128
Gold			Boliden Ronnskar			Sweden			CID000157
Gold			CCR Refinery - Glencore Canada Corporation			Canada			CID000185
Gold			Chimet S.p.A.			Italy			CID000233
Gold			Heraeus Metals Hong Kong Ltd.			China			CID000707
Gold			Heraeus Germany GmbH Co. KG			Germany			CID000711
Gold			Inner Mongolia Qiankun Gold and Silver Refinery Share Co., Ltd.			China			CID000801
Gold			Ishifuku Metal Industry Co., Ltd.			Japan			CID000807
Gold			Japan Mint			Japan			CID000823
Gold			Jiangxi Copper Co., Ltd.			China			CID000855
Gold			Asahi Refining USA Inc.			United States of America			CID000920
Gold			Asahi Refining Canada Ltd.			Canada			CID000924
Gold			JX Nippon Mining & Metals Co., Ltd.			Japan			CID000937
Gold			Kazzinc			Kazakhstan			CID000957
Gold			LS MnM Inc.			Korea, Republic of			CID001078
Gold			Matsuda Sangyo Co., Ltd.			Japan			CID001119
Gold			Metalurgica Met-Mex Penoles S.A. De C.V.			Mexico			CID001161

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Gold			Mitsubishi Materials Corporation			Japan			CID001188
Gold			Mitsui Mining and Smelting Co., Ltd.			Japan			CID001193
Gold			Nadir Metal Rafineri San. Ve Tic. A.S.			Turkey			CID001220
Gold			Nihon Material Co., Ltd.			Japan			CID001259
Gold			MKS PAMP SA			Switzerland			CID001352
Gold			PT Aneka Tambang (Persero) Tbk			Indonesia			CID001397
Gold			PX Precinox S.A.			Switzerland			CID001498
Gold			Rand Refinery (Pty) Ltd.			South Africa			CID001512
Gold			Royal Canadian Mint			Canada			CID001534
Gold			SEMPSA Joyeria Plateria S.A.			Spain			CID001585
Gold			Shandong Zhaojin Gold & Silver Refinery Co., Ltd.			China			CID001622
Gold			Sichuan Tianze Precious Metals Co., Ltd.			China			CID001736
Gold			Solar Applied Materials Technology Corp.			Taiwan			CID001761
Gold			Sumitomo Metal Mining Co., Ltd.			Japan			CID001798
Gold			Tanaka Kikinzoku Kogyo K.K.			Japan			CID001875
Gold			Shandong Gold Smelting Co., Ltd.			China			CID001916
Gold			Tokuriki Honten Co., Ltd.			Japan			CID001938
Gold			Western Australian Mint (T/a The Perth Mint)			Australia			CID002030
Gold			Zhongyuan Gold Smelter of Zhongjin Gold Corporation			China			CID002224
Gold			Gold Refinery of Zijin Mining Group Co., Ltd.			China			CID002243
Gold			MMTC-PAMP India Pvt., Ltd.			India			CID002509
Gold			T.C.A S.p.A			Italy			CID002580
Gold			Metalor Technologies (Suzhou) Ltd.			China			CID001147
Gold			Metalor Technologies (Hong Kong) Ltd.			China			CID001149
Gold			Metalor Technologies (Singapore) Pte., Ltd.			Singapore			CID001152
Gold			Metalor USA Refining Corporation			United States of America			CID001157
Gold			Valcambi S.A.			Switzerland			CID002003
Gold			Italpreziosi			Italy			CID002765
Gold			Ogussa Osterreichische Gold- und Silber-Scheideanstalt GmbH			Austria			CID002779
Gold			Chugai Mining			Japan			CID000264
Gold			Navoi Mining and Metallurgical Combinat			Uzbekistan			CID001236

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Gold			KGHM Polska Miedz Spolka Akcyjna			Poland			CID002511
Gold			TOO Tau-Ken-Altyn			Kazakhstan			CID002615
Gold			Bangalore Refinery			India			CID002863
Gold			Korea Zinc Co., Ltd.			Korea, Republic of			CID002605
Gold			Planta Recuperadora de Metales SpA			Chile			CID002919
Gold			Dowa			Japan			CID000401
Gold			Eco-System Recycling Co., Ltd. East Plant			Japan			CID000425
Gold			LT Metal Ltd.			Korea, Republic of			CID000689
Gold			Kojima Chemicals Co., Ltd.			Japan			CID000981
Gold			United Precious Metal Refining, Inc.			United States of America			CID001993
Gold			Yamakin Co., Ltd.			Japan			CID002100
Gold			REMONDIS PMR B.V.			Netherlands			CID002582
Gold			Advanced Chemical Company			United States of America			CID000015
Gold			Aida Chemical Industries Co., Ltd.			Japan			CID000019
Gold			Asaka Riken Co., Ltd.			Japan			CID000090
Gold			DSC (Do Sung Corporation)			Korea, Republic of			CID000359
Gold			Ohura Precious Metal Industry Co., Ltd.			Japan			CID001325
Gold			Torecom			Korea, Republic of			CID001955
Gold			Yokohama Metal Co., Ltd.			Japan			CID002129
Gold			SungEel HiMetal Co., Ltd.			Korea, Republic of			CID002918
Gold			Eco-System Recycling Co., Ltd. North Plant			Japan			CID003424
Gold			Metal Concentrators SA (Pty) Ltd.			South Africa			CID003575
Gold			GG Refinery Ltd.			Tanzania			CID004506
Gold			Weeerefining			France			CID003615
Gold			Eco-System Recycling Co., Ltd. West Plant			Japan			CID003425
Gold			Gold by Gold Colombia			Colombia			CID003641
Gold			SAFINA A.S.			Czechia			CID002290
Gold			NH Recytech Company			Korea, Republic of			CID003189
Gold			Coimpa Industrial LTDA			Brazil			CID004010
Gold			Istanbul Gold Refinery			Turkey			CID000814

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Gold			Kennecott Utah Copper LLC			United States of America			CID000969
Gold			Caridad			Mexico			CID000180
Gold			Cendres + Metaux S.A.			Switzerland			CID000189
Gold			Yunnan Copper Industry Co., Ltd.			China			CID000197
Gold			Refinery of Seemine Gold Co., Ltd.			China			CID000522
Gold			Guoda Safina High-Tech Environmental Refinery Co., Ltd.			China			CID000651
Gold			Hunan Chenzhou Mining Co., Ltd.			China			CID000767
Gold			JSC Ekaterinburg Non-Ferrous Metal Processing Plant			Russian Federation			CID000927
Gold			Kazakhmys Smelting LLC			Kazakhstan			CID000956
Gold			Luoyang Zijin Yinhui Gold Refinery Co., Ltd.			China			CID001093
Gold			Materion			United States of America			CID001113
Gold			OJSC "The Gulidov Krasnoyarsk Non-Ferrous Metals Plant" (OJSC Krastsvetmet)			Russian Federation			CID001326
Gold			Great Wall Precious Metals Co., Ltd. of CBPM			China			CID001909
Gold			Guangdong Jinding Gold Limited			China			CID002312
Gold			Fidelity Printers and Refiners Ltd.			Zimbabwe			CID002515
Gold			International Precious Metal Refiners			United Arab Emirates			CID002562
Gold			Fujairah Gold FZC			United Arab Emirates			CID002584
Gold			Abington Reldan Metals, LLC			United States of America			CID002708
Gold			Degussa Sonne / Mond Goldhandel GmbH			Germany			CID002867
Gold			Emerald Jewel Industry India Limited (Unit 4)			India			CID003490
Gold			Impala Platinum - Platinum Metals Refinery (PMR)			South Africa			CID004714
Gold			Atasay Kuyumculuk Sanayi Ve Ticaret A.S.			Turkey			CID000103
Gold			Daye Non-Ferrous Metals Mining Ltd.			China			CID000343
Gold			Hunan Guiyang Yinxing Nonferrous Smelting Co., Ltd.			China			CID000773
Gold			JSC Uralelectromed			Russian Federation			CID000929
Gold			Lingbao Gold Co., Ltd.			China			CID001056
Gold			Hangzhou Fuchunjiang Smelting Co., Ltd.			China			CID000671
Gold			Kyrgyzaltyn JSC			Kyrgyzstan			CID001029
Gold			L'azurde Company for Jewelry			Saudi Arabia			CID001032
Gold			JSC Novosibirsk Refinery			Russian Federation			CID000493
Gold			HwaSeong CJ CO., LTD.			Korea, Republic of			CID000778
Gold			Lingbao Jinyuan Tonghui Refinery Co., Ltd.			China			CID001058
Gold			Moscow Special Alloys Processing Plant			Russian Federation			CID001204

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Gold			Penglai Penggang Gold Industry Co., Ltd.			China			CID001362
Gold			Sabin Metal Corp.			United States of America			CID001546
Gold			Samduck Precious Metals			Korea, Republic of			CID001555
Gold			Samwon Metals Corp.			Korea, Republic of			CID001562
Gold			SOE Shyolkovsky Factory of Secondary Precious Metals			Russian Federation			CID001756
Gold			Industrial Refining Company			Belgium			CID002587
Gold			Shirpur Gold Refinery Ltd.			India			CID002588
Gold			Albino Mountinho Lda.			Portugal			CID002760
Gold			Sai Refinery			India			CID002853
Gold			Prioksky Plant of Non-Ferrous Metals			Russian Federation			CID001386
Gold			Shandong Tiancheng Biological Gold Industrial Co., Ltd.			China			CID001619
Gold			Super Dragon Technology Co., Ltd.			Taiwan			CID001810
Gold			Tongling Nonferrous Metals Group Co., Ltd.			China			CID001947
Gold			Shandong Humon Smelting Co., Ltd.			China			CID002525
Gold			Shenzhen Zhonghenglong Real Industry Co., Ltd.			China			CID002527
Gold			Al Etihad Gold Refinery DMCC			United Arab Emirates			CID002560
Gold			Kaloti Precious Metals			United Arab Emirates			CID002563
Gold			Marsam Metals			Brazil			CID002606
Gold			Morris and Watson			New Zealand			CID002282
Gold			Umicore Precious Metals Thailand			Thailand			CID002314
Gold			Singway Technology Co., Ltd.			Taiwan			CID002516
Gold			Emirates Gold DMCC			United Arab Emirates			CID002561
Gold			Sudan Gold Refinery			Sudan			CID002567
Gold			SAAMP			France			CID002761
Gold			Kyshtym Copper-Electrolytic Plant ZAO			Russian Federation			CID002865
Gold			Safimet S.p.A			Italy			CID002973
Gold			State Research Institute Center for Physical Sciences and Technology			Lithuania			CID003153
Gold			QG Refining, LLC			United States of America			CID003324
Gold			Emerald Jewel Industry India Limited (Unit 2)			India			CID003488
Gold			Emerald Jewel Industry India Limited (Unit 3)			India			CID003489
Gold			Alexy Metals			United States of America			CID003500

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Gold			Metallix Refining Inc.			United States of America			CID003557
Gold			Sam Precious Metals			United Arab Emirates			CID003666
Gold			Shenzhen Jinjunwei Resource Comprehensive Development Co., Ltd.			China			CID004435
Gold			Shenzhen CuiLu Gold Co., Ltd.			China			CID002750
Gold			L'Orfebre S.A.			Andorra			CID002762
Gold			8853 S.p.A.			Italy			CID002763
Gold			Pease & Curren			United States of America			CID002872
Gold			JALAN & Company			India			CID002893
Gold			AU Traders and Refiners			South Africa			CID002850
Gold			GGC Gujrat Gold Centre Pvt. Ltd.			India			CID002852
Gold			Modeltech Sdn Bhd			Malaysia			CID002857
Gold			ABC Refinery Pty Ltd.			Australia			CID002920
Gold			Augmont Enterprises Private Limited			India			CID003461
Gold			Kundan Care Products Ltd.			India			CID003463
Gold			African Gold Refinery1			Uganda			CID003185
Gold			Gold Coast Refinery			Ghana			CID003186
Gold			Dijllah Gold Refinery FZC			United Arab Emirates			CID003348
Gold			CGR Metalloys Pvt Ltd.			India			CID003382
Gold			Sovereign Metals			India			CID003383
Gold			Emerald Jewel Industry India Limited (Unit 1)			India			CID003487
Gold			K.A. Rasmussen			Norway			CID003497
Gold			MD Overseas			India			CID003548
Gold			Noble Metal Services			United States of America			CID003690
Gold			Dongwu Gold Group			China			CID003663
Gold			Elite Industech Co., Ltd.			Taiwan			CID004755
Gold			Attero Recycling Pvt Ltd			India			CID004697
Gold			Geib Refining Corporation			United States of America			CID002459
Gold			DODUCO Contacts and Refining GmbH			Germany			CID000362
Gold			SAXONIA Edelmetalle GmbH			Germany			CID002777

1 Ballard has requested additional information from those suppliers who indicated that African Gold Refinery is in their supply chain.

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Gold			C.I Metales Procesados Industriales SAS			Colombia			CID003421
Gold			Sancus ZFS (L’Orfebre, SA)			Colombia			CID003529
Gold			Sellem Industries Ltd.			Mauritania			CID003540
Gold			Value Trading			Belgium			CID003617
Gold			Inca One (Chala One Plant)			Peru			CID004704
Gold			Inca One (Koricancha Plant)			Peru			CID004705
Gold			Impala Refineries – Base Metals Refinery (BMR)			South Africa			CID004604
Gold			Impala Rustenburg			South Africa			CID004610
Tantalum			Guangdong Rising Rare Metals-EO Materials Ltd.			China			CID000291
Tantalum			Jiujiang Tanbre Co., Ltd.			China			CID000917
Tantalum			F&X Electro-Materials Ltd.			China			CID000460
Tantalum			Ximei Resources (Guangdong) Limited			China			CID000616
Tantalum			JiuJiang JinXin Nonferrous Metals Co., Ltd.			China			CID000914
Tantalum			Mineracao Taboca S.A.			Brazil			CID001175
Tantalum			AMG Brasil			Brazil			CID001076
Tantalum			Metallurgical Products India Pvt., Ltd.			India			CID001163
Tantalum			NPM Silmet AS			Estonia			CID001200
Tantalum			Yanling Jincheng Tantalum & Niobium Co., Ltd.			China			CID001522
Tantalum			Taki Chemical Co., Ltd.			Japan			CID001869
Tantalum			Telex Metals			United States of America			CID001891
Tantalum			Jiujiang Zhongao Tantalum & Niobium Co., Ltd.			China			CID002506
Tantalum			XinXing HaoRong Electronic Material Co., Ltd.			China			CID002508
Tantalum			Hengyang King Xing Lifeng New Materials Co., Ltd.			China			CID002492
Tantalum			TANIOBIS Co., Ltd.			Thailand			CID002544
Tantalum			TANIOBIS GmbH			Germany			CID002545
Tantalum			Global Advanced Metals Aizu			Japan			CID002558
Tantalum			Jiangxi Tuohong New Raw Material			China			CID002842
Tantalum			Resind Industria e Comercio Ltda.			Brazil			CID002707
Tantalum			D Block Metals, LLC			United States of America			CID002504
Tantalum			KEMET de Mexico			Mexico			CID002539

12

Tantalum			Materion Newton Inc.			United States of America			CID002548
Tantalum			TANIOBIS Smelting GmbH & Co. KG			Germany			CID002550
Tantalum			Global Advanced Metals Boyertown			United States of America			CID002557
Tantalum			RFH Yancheng Jinye New Material Technology Co., Ltd.			China			CID003583
Tantalum			PowerX Ltd.			Rwanda			CID004054
Tantalum			Mitsui Mining and Smelting Co., Ltd.			Japan			CID001192
Tantalum			Ningxia Orient Tantalum Industry Co., Ltd.			China			CID001277
Tantalum			Ulba Metallurgical Plant JSC			Kazakhstan			CID001969
Tantalum			FIR Metals & Resource Ltd.			China			CID002505
Tantalum			TANIOBIS Japan Co., Ltd.			Japan			CID002549
Tantalum			QuantumClean			United States of America			CID001508
Tantalum			Jiangxi Dinghai Tantalum & Niobium Co., Ltd.			China			CID002512
Tantalum			Solikamsk Magnesium Works OAO			Russian Federation			CID001769
Tantalum			5D Production OU			Estonia			CID003926
Tantalum			Jiangxi Sanshi Nonferrous Metals Co., Ltd			China			CID004813
Tantalum			Changsha South Tantalum Niobium Co., Ltd.			China			CID000211
Tantalum			Exotech Inc.			United States of America			CID000456
Tantalum			H.C. Starck Hermsdorf GmbH			Germany			CID002547
Tin			PT Timah Tbk Mentok			Indonesia			CID001482
Tin			Aurubis Beerse			Belgium			CID002773
Tin			Malaysia Smelting Corporation (MSC)			Malaysia			CID001105
Tin			Minsur			Peru			CID001182
Tin			Operaciones Metalurgicas S.A.			Bolivia			CID001337
Tin			Thaisarco			Thailand			CID001898
Tin			PT Timah Tbk Kundur			Indonesia			CID001477
Tin			PT Mitra Stania Prima			Indonesia			CID001453
Tin			Alpha			United States of America			CID000292
Tin			Mineracao Taboca S.A.			Brazil			CID001173
Tin			Mitsubishi Materials Corporation			Japan			CID001191

13

Tin			PT ATD Makmur Mandiri Jaya			Indonesia			CID002503
Tin			Rui Da Hung			Taiwan, Province of China			CID001539
Tin			CRM Synergies			Spain			CID003524
Tin			Fenix Metals			Poland			CID000468
Tin			EM Vinto			Bolivia			CID000438
Tin			Tin Technology & Refining			United States of America			CID003325
Tin			Magnu's Minerais Metais e Ligas Ltda.			Brazil			CID002468
Tin			O.M. Manufacturing Philippines, Inc.			Philippines			CID002517
Tin			Chifeng Dajingzi Tin Industry Co., Ltd.			China			CID003190
Tin			Guangdong Hanhe Non-Ferrous Metal Co., Ltd.			China			CID003116
Tin			Jiangxi New Nanshan Technology Ltd.			China			CID001231
Tin			O.M. Manufacturing (Thailand) Co., Ltd.			Thailand			CID001314
Tin			Dowa			Japan			CID000402
Tin			China Tin Group Co., Ltd.			China			CID001070
Tin			Metallic Resources, Inc.			United States of America			CID001142
Tin			Resind Industria e Comercio Ltda.			Brazil			CID002706
Tin			Luna Smelter, Ltd.			Rwanda			CID003387
Tin			PT Mitra Sukses Globalindo			Indonesia			CID003449
Tin			Chenzhou Yunxiang Mining and Metallurgy Co., Ltd.			China			CID000228
Tin			White Solder Metalurgia e Mineracao Ltda.			Brazil			CID002036
Tin			Aurubis Berango			Spain			CID002774
Tin			Estanho de Rondonia S.A.			Brazil			CID000448
Tin			PT Premium Tin Indonesia			Indonesia			CID000313
Tin			HuiChang Hill Tin Industry Co., Ltd.			China			CID002844
Tin			Precious Minerals and Smelting Limited			India			CID003409
Tin			DS Myanmar			Myanmar			CID003831
Tin			PT Putera Sarana Shakti (PT PSS)			Indonesia			CID003868
Tin			Yunnan Yunfan Non-ferrous Metals Co., Ltd.			China			CID003397

14

Tin			PT Cipta Persada Mulia			Indonesia			CID002696
Tin			Super Ligas			Brazil			CID002756
Tin			Malaysia Smelting Corporation Berhad (Port Klang)			Malaysia			CID004434
Tin			Takehara PVD Materials Plant / PVD Materials Division of Mitsui Mining & Smelting Co., Ltd.			Japan			CID004403
Tin			PT Rajehan Ariq			Indonesia			CID002593
Tin			CRM Fundicao De Metais E Comercio De Equipamentos Eletronicos Do Brasil Ltda			Brazil			CID003486
Tin			Tin Smelting Branch of Yunnan Tin Co., Ltd.			China			CID002180
Tin			Gejiu Non-Ferrous Metal Processing Co., Ltd.			China			CID000538
Tin			Yunnan Chengfeng Non-ferrous Metals Co., Ltd.			China			CID002158
Tin			PT Refined Bangka Tin			Indonesia			CID001460
Tin			PT Rajawali Rimba Perkasa			Indonesia			CID003381
Tin			PT Bangka Serumpun			Indonesia			CID003205
Tin			Novosibirsk Tin Combine			Russian Federation			CID001305
Tin			PT Bangka Tin Industry			Indonesia			CID001419
Tin			VQB Mineral and Trading Group JSC			Vietnam			CID002015
Tin			PT Tirus Putra Mandiri			Indonesia			CID002478
Tin			CV Ayi Jaya			Indonesia			CID002570
Tin			Nghe Tinh Non-Ferrous Metals Joint Stock Company			Vietnam			CID002573
Tin			Pongpipat Company Limited			Myanmar			CID003208
Tin			Ma'anshan Weitai Tin Co., Ltd.			China			CID003379
Tin			Mining Minerals Resources SARL			Congo, Democratic Republic of the			CID004065
Tin			PT Aries Kencana Sejahtera			Indonesia			CID000309
Tin			Gejiu Kai Meng Industry and Trade LLC			China			CID000942
Tin			Gejiu Zili Mining and Metallurgy Co., Ltd.			China			CID000555
Tin			PT Panca Mega Persada			Indonesia			CID001457
Tin			PT Prima Timah Utama			Indonesia			CID001458
Tin			PT Sariwiguna Binasentosa			Indonesia			CID001463
Tin			Gejiu Yunxin Nonferrous Electrolysis Co., Ltd.			China			CID001908
Tin			PT Bangka Prima Tin			Indonesia			CID002776
Tin			PT Babel Surya Alam Lestari			Indonesia			CID001406
Tin			PT Stanindo Inti Perkasa			Indonesia			CID001468

15

Tin			PT Tinindo Inter Nusa			Indonesia			CID001490
Tin			PT Artha Cipta Langgeng			Indonesia			CID001399
Tin			PT Babel Inti Perkasa			Indonesia			CID001402
Tin			PT Belitung Industri Sejahtera			Indonesia			CID001421
Tin			PT Bukit Timah			Indonesia			CID001428
Tin			PT Timah Nusantara			Indonesia			CID001486
Tin			PT Tommy Utama			Indonesia			CID001493
Tin			Melt Metais e Ligas S.A.			Brazil			CID002500
Tin			Electro-Mechanical Facility of the Cao Bang Minerals & Metallurgy Joint Stock Company			Vietnam			CID002572
Tin			Tuyen Quang Non-Ferrous Metals Joint Stock Company			Vietnam			CID002574
Tin			An Vinh Joint Stock Mineral Processing Company			Vietnam			CID002703
Tin			CV Venus Inti Perkasa			Indonesia			CID002455
Tin			Gejiu City Fuxiang Industry and Trade Co., Ltd.			China			CID003410
Tin			Fabrica Auricchio Industria e Comercio Ltda.			Brazil			CID003582
Tin			Global Advanced Metals Greenbushes Pty Ltd.			Australia			CID004754
Tin			PT Sukses Inti Makmur			Indonesia			CID002816
Tin			PT Menara Cipta Mulia			Indonesia			CID002835
Tin			Modeltech Sdn Bhd			Malaysia			CID002858
Tin			Dongguan CiEXPO Environmental Engineering Co., Ltd.			China			CID003356
Tin			PT Mitra Graha Raya			Indonesia			CID004685
Tin			Rikayaa Greentech Private Limited			India			CID004692
Tin			Woodcross Smelting Company Limited			Uganda			CID004724
Tin			Longnan Chuangyue Environmental Protection Technology Development Co., Ltd			China			CID004796
Tin			Soft Metais Ltda.			Brazil			CID001758
Tin			Thai Nguyen Mining and Metallurgy Co., Ltd.			Vietnam			CID002834
Tin			PT Masbro Alam Stania			Indonesia			CID003380
Tungsten			Wolfram Bergbau und Hutten AG			Austria			CID002044
Tungsten			H.C. Starck Tungsten GmbH			Germany			CID002541
Tungsten			Guangdong Xianglu Tungsten Co., Ltd.			China			CID000218
Tungsten			Hunan Chenzhou Mining Co., Ltd.			China			CID000766
Tungsten			Jiangxi Yaosheng Tungsten Co., Ltd.			China			CID002316
Tungsten			Jiangxi Xinsheng Tungsten Industry Co., Ltd.			China			CID002317
Tungsten			Jiangxi Tonggu Non-ferrous Metallurgical & Chemical Co., Ltd.			China			CID002318
Tungsten			Malipo Haiyu Tungsten Co., Ltd.			China			CID002319
Tungsten			Jiangxi Gan Bei Tungsten Co., Ltd.			China			CID002321

16

Tungsten			Ganzhou Seadragon W & Mo Co., Ltd.			China			CID002494
Tungsten			Jiangwu H.C. Starck Tungsten Products Co., Ltd.			China			CID002551
Tungsten			A.L.M.T. Corp.			Japan			CID000004
Tungsten			Kennametal Huntsville			United States of America			CID000105
Tungsten			Japan New Metals Co., Ltd.			Japan			CID000825
Tungsten			Kennametal Fallon			United States of America			CID000966
Tungsten			Xiamen Tungsten Co., Ltd.			China			CID002082
Tungsten			Ganzhou Jiangwu Ferrotungsten Co., Ltd.			China			CID002315
Tungsten			Hunan Shizhuyuan Nonferrous Metals Co., Ltd. Chenzhou Tungsten Products Branch			China			CID002513
Tungsten			TANIOBIS Smelting GmbH & Co. KG			Germany			CID002542
Tungsten			Niagara Refining LLC			United States of America			CID002589
Tungsten			Xiamen Tungsten (H.C.) Co., Ltd.			China			CID002320
Tungsten			Global Tungsten & Powders LLC			United States of America			CID000568
Tungsten			Masan High-Tech Materials			Vietnam			CID002543
Tungsten			Philippine Chuangxin Industrial Co., Inc.			Philippines			CID002827
Tungsten			Chongyi Zhangyuan Tungsten Co., Ltd.			China			CID000258
Tungsten			Asia Tungsten Products Vietnam Ltd.			Vietnam			CID002502
Tungsten			Cronimet Brasil Ltda			Brazil			CID003468
Tungsten			Fujian Xinlu Tungsten Co., Ltd.			China			CID003609
Tungsten			Lianyou Resources Co., Ltd.			Taiwan			CID004397
Tungsten			Shinwon Tungsten (Fujian Shanghang) Co., Ltd.			China			CID004430
Tungsten			China Molybdenum Tungsten Co., Ltd.			China			CID002641
Tungsten			Lianyou Metals Co., Ltd.			Taiwan			CID003407
Tungsten			Hubei Green Tungsten Co., Ltd.			China			CID003417
Tungsten			Tungsten Vietnam Joint Stock Company			Vietnam			CID003993
Tungsten			Kenee Mining Corporation Vietnam			Vietnam			CID004619
Tungsten			Jiangxi Minmetals Gao'an Non-ferrous Metals Co., Ltd.			China			CID002313
Tungsten			ACL Metais Eireli			Brazil			CID002833
Tungsten			Moliren Ltd.			Russian Federation			CID002845
Tungsten			JSC "Kirovgrad Hard Alloys Plant"			Russian Federation			CID003408
Tungsten			NPP Tyazhmetprom LLC			Russian Federation			CID003416
Tungsten			HANNAE FOR T Co., Ltd.			Korea, Republic of			CID003978
Tungsten			CNMC (Guangxi) PGMA Co., Ltd.			China			CID000281
Tungsten			Hunan Jintai New Material Co., Ltd.			China			CID000769

17

Tungsten			Unecha Refractory metals plant			Russian Federation			CID002724
Tungsten			Hydrometallurg, JSC			Russian Federation			CID002649
Tungsten			Yudu Ansheng Tungsten Co., Ltd.			China			CID003662
Tungsten			Nam Viet Cromit Joint Stock Company			Vietnam			CID004034
Tungsten			Philippine Carreytech Metal Corp.			Philippines			CID004438
Tungsten			Albasteel Industria e Comercio de Ligas Para Fundicao Ltd.			Brazil			CID003427
Tungsten			Artek LLC			Russian Federation			CID003553
Tungsten			OOO “Technolom” 2			Russian Federation			CID003612
Tungsten			OOO “Technolom” 1			Russian Federation			CID003614
Tungsten			LLC Vostok			Russian Federation			CID003643
Tungsten			Dongkuk Industries Co., Ltd.			Korea, Republic of			CID004060
Tungsten			Philippine Bonway Manufacturing Industrial Corporation			Philippines			CID004797
Tungsten			Malamet Smelting SDN. BHD.			Malaysia			CID004056
Tungsten			Ganzhou Huaxing Tungsten Products Co., Ltd.			China			CID000875
Tungsten			Ganzhou Haichuang Tungsten Co., Ltd.			China			CID002645
Tungsten			Xinfeng Huarui Tungsten & Molybdenum New Material Co., Ltd.			China			CID002830
Tungsten			KGETS Co., Ltd.			Korea, Republic of			CID003388
Tungsten			Fujian Ganmin RareMetal Co., Ltd.			China			CID003401

Countries of Origin

The following list of potential countries of origin is based on publicly available information, our RCOI, and due diligence. It is important to note that this is also based on company level responses and therefore it is not certain which of these countries of origin can be linked to our products.

Andorra, Australia, Austria, Belgium, Bolivia , Brazil, Canada, Chile, China, Colombia, Democratic Republic of Congo, Czechia, Estonia, France, Germany, Ghana, India, Indonesia, Italy, Japan, Kazakhstan, Republic of Korea, Kyrgyzstan, Lithuania, Malaysia, Mauritania, Mexico, Myanmar, Netherlands, New Zealand, Norway, Peru, Philippines, Poland, Portugal, Russian Federation, Rwanda, Saudi Arabia, Singapore, South Africa, Spain, Sudan, Sweden, Switzerland, Taiwan, Tanzania, Thailand, Turkey, Uganda, United Arab Emirates,, United States of America, Uzbekistan, Vietnam and Zimbabwe

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