Almaden Announces Selection by United Nations UNECE for Mining Pilot Project in Coordination with Mexican Ministry of the Economy

VANCOUVER, British Columbia, July 06, 2022 (GLOBE NEWSWIRE) -- Almaden Minerals Ltd. (“Almaden” or “the Company”; TSX: AMM; NYSE American: AAU) is pleased to report that the Ixtaca project has been selected to be included in a pilot project conducted by the United Nation’s (UN) Expert Group on Resource Management in coordination with Mexico’s Ministry of Economy.

The purpose of the pilot project is to explore how the application of standards such as those of the UNFC (United Nations Framework Classification) and the UNRMS (United Nations Resources Management System – see below) may help strengthen activities with different stakeholders and encourage the achievement of the UN’s Sustainable Development Goals¹.

Almaden initially expressed its interest in being part of this project in 2021, and after a site visit and several presentations on the project, the UN group of experts on sustainable resource management have agreed that Ixtaca meets the general criteria to be considered in the work to be carried out in this pilot project. The project will be managed through the UN´s Centre of Excellence in the Sustainable Management of Resources for Mexico and Latin America in coordination with the Extractive Activities Unit at the Ministry of Economy.

Duane Poliquin, Chair of Almaden, stated “We are very pleased to have been selected for this pilot project. We believe this project dovetails very well with the standards to which we intend to complete our environmental permit submission, and the ongoing Human Rights Impact Assessment at the project. We are proud to be able to contribute to Mexico’s efforts to introduce standards and procedures which reinforce the UN Sustainable Development Goals”.

¹ https://sdgs.un.org/goals

About the United Nations Framework Classification and the United Nations Resources Management System

The United Nations Framework Classification for Resources (UNFC) and the United Nations Resource Management System (UNRMS) are frameworks developed by experts from government, industry, the financial sector, and academia to bring in the required rigor in the sustainable management of all resources. UNRMS is a globally applicable system that can be applied to petroleum, mineral, renewable energy, nuclear fuels, injection projects, and anthropogenic resource endowments. Rather than tracking a single metric of volumes or quantities that can be produced and the profits, UNRMS considers a range of socio-economic, technological, and knowledge factors that are important for the sustainable development of each project. The UNRMS guiding principle is to make resource management entirely in alignment with the 2030 Agenda for Sustainable Development and see how resource production can contribute to each of the 17 Sustainable Development Goals (SDGs).