American Salars Lithium Inc. (CSE: USLI) (OTC: ASALF) (FWB: Z3P) (WKN: A3E2NY) has adopted a formal Environmental Social Governance (ESG) policy to guide its continued development of its lithium projects in Argentina.
Announced on Tuesday, the policy extends beyond the corporate offices and project sites to include all existing and future locations throughout the company’s lifecycle. The company says its ensures an approach to environmental, social and governance aspects of all areas of operations.
In terms of environmental stewardship, American Salars focuses on reducing its ecological footprint. The company employs innovative technologies to lower emissions, manage natural resources responsibly, and engage in restoration projects, aiming to harmonize its operations with the environment.
Social responsibility is also a key focus. The company invests in community development, maintains transparent communication, and upholds labour rights. These initiatives are designed to foster trust and cooperation with the communities it serves.
The company intends to keep itself to high standards of transparency and accountability through proper governance and ethics. American Salars’ policies reflect a commitment to legal compliance and fair business practices, which includes regular audits, and promoting a culture of integrity.
The company’s projects use environmentally friendly methods and engage with local communities.
American Salars is aligning its strategies with global sustainability goals in recognition of how important ESG is to investors.
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American Salars open to collaborations to work on ESG efforts
Furthermore, the company collaborates with governments, NGOs, and industry partners to enhance the company’s ESG efforts. This allows it to contribute to broader sustainability goals.
“The old way of corporations putting greed before social responsibility is over,” said Nick Horsley, the CEO of American Salars.
“Our new ESG policy enforces our commitment to the new standard for values and morality for our company and world.”
Horsley saidit will integrate its new ESG principles throughout operations as it advances its projects.
The company believes this strategy will provide long-term advantages to its local community stakeholders, employees, and shareholders, while also aligning with its corporate goals.
The township of Pocitos, which offers gas, electricity, and accommodation, is located approximatley 10 kilometers away from the project.
The project spans approximately 800 hectares, and it’s accessible by road. Since 2017, the company has collectively invested over USD$2 million in project development. This money has gone towards surface sampling, trenching, TEM and MT geophysics, and the drilling of three wells that yielded outstanding brine flow results.
The Candela II Lithium deposit lies at the southern end of the Incahuasi Salar in the Province of Salta, Argentina. Located approximately 45 kilometers from the town of Tolar Grande and 267 kilometers from Salta, Candela II is near advanced and renowned lithium salars such as Arizaro, owned by Lithium Chile‘s (TSXV: LITH) (OTC: LTMCF) and Pocitos salar owned and operated by Hanaq Group. The deposit is also situated relative to the Hombre Muerto North project operated by Lithium South Development Corporation (TSXV: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ).
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Lithium South Development Corporation is a sponsor of Mugglehead news coverage
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