We are committed to giving back to the communities where we work and operate. We provided approximately $400,000 in corporate donations in 2019 to promote education, health, diversity and local communities, and approximately $270,000 in 2020.
CANADIAN MINERAL INDUSTRY EDUCATION FOUNDATION (“CMIEF”)
The CMIEF is proud to support the Canadian mineral industry since 1964. The Foundation is the largest provider of university scholarships to those entering the mining industry in Canada. Since 1992, Canadian Mining Hall of Fame 2010 inductee Graham Farquharson, a distinguished lecturer and a pioneering advocate of policies to ensure that mining benefits flow to indigenous peoples, was the Chairman of the CMIEF.
In 2018, Osisko, a leading donor of the foundation, was honored to perpetuate the CMIEF’s mission and to assume the responsibility of managing the foundation’s activities.
The CMIEF is currently supporting approximately 170 university students across Canada. Financial support for the foundation comes from several Canadian mining companies committed to ensuring that students are aware of, and will be attracted to, the possibilities for rewarding careers in the mining industry. Osisko personnel manage the applications process and resulting scholarships. In 2020, the gender split of applicants and recipients was ~70% male and 30% female. We are extremely proud to be promoting the mining industry to a new generation and specifically increasing the amount of women entering the mining sector.
FONDS RESTOR-ACTION NUNAVIK
The Fonds Restor-Action Nunavik (“FRAN”) consists of 30 mineral exploration companies operating throughout Québec and whose common goal is the cleaning and rehabilitation of abandoned mining sites in partnership with governments, Inuit and Firsts Nations. Osisko has been involved in the FRAN since its creation. The new generation of mining and exploration companies want to demonstrate that not only do they have more stringent environmental management practices and social responsibility but that they are also capable of taking concrete steps to carry out the rehabilitation of priority sites and ensure compliance with environmental standards established for ongoing and future activities.
Fore more information:
Update on the Information contained in the Assessment and Prioritization of Abandoned Mining Exploration Sites in Nunavik: Final Report on a Two-Year Project (2001–2002) and Report on the Clean-up Activities Carried Out in the Summer of 2007