EX-1.01 2 d940846dex101.htm EX-1.01 EX-1.01

Exhibit 1.01

 

LOGO

SMITH & WESSON BRANDS, INC.

CONFLICT MINERALS REPORT

FOR THE REPORTING PERIOD

JANUARY 1, 2024 TO DECEMBER 31, 2024

INTRODUCTION

This Conflict Minerals Report for Smith & Wesson Brands, Inc. (“SWBI,” “Company,” “we,” or “our”) is provided for the reporting period January 1, 2024 to December 31, 2024, and is presented to comply with Rule 13p-1 under the Securities Exchange Act of 1934 (the “Rule”), and the Public Statement on the Effect of the Recent Court of Appeals Decision on the Conflict Minerals Rule issued by the Director of the Division of Corporation Finance of the Securities and Exchange Commission on April 29, 2014 (the “SEC Statement”). The Rule was adopted by the Securities and Exchange Commission (the “SEC”) to implement reporting and disclosure requirements related to conflict minerals as directed by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Rule imposes certain reporting obligations on SEC registrants whose manufactured products contain tin, tantalum, tungsten, or gold (“3TG,” also defined by the Rule as “conflict minerals”), and who have reason to believe that the products they manufacture, or contract to manufacture, contain conflict minerals that are necessary to the functionality or production of those products. If the SEC registrant has reason to believe that any conflict minerals may have originated in the Democratic Republic of the Congo or an adjoining country, or is unable to determine the country of origin of those conflict minerals, the SEC registrant is required to submit a Conflict Minerals Report to the SEC that includes a description of the measures it took to exercise due diligence on the conflict minerals’ source and chain of custody.

COMPANY BACKGROUND

SWBI is a U.S.-based leader in firearm manufacturing and design, delivering a broad portfolio of quality handgun, long gun, and suppressor products to the global consumer and professional markets under the iconic Smith & Wesson® and Gemtech® brands. We also provide forging and machining services to third parties.

A copy of our Conflict Mineral Policy is available on our website at https://ir.smith-wesson.com/corporate-governance/conflict-minerals.

REPORT

This Conflict Minerals Report is provided for the reporting period January 1, 2024 to December 31, 2024 in accordance with the Rule, the instructions to Form SD and the SEC Statement. Please refer to the Rule, Form SD and Securities Exchange Release No. 34-67716 for definitions to the terms used in this Report, unless otherwise defined herein.

In accordance with the Rule and the instructions to Form SD, we undertook due diligence to determine the source of origin of any necessary conflict minerals used in products we manufacture or contract to manufacture. In conducting due diligence, we implemented the Organization for Economic Co-operation and Development Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas (including the Supplements on Tin, Tantalum and Tungsten, and the Gold Supplement) (Third Edition OECD 2016) (“OECD Guidance”), an internationally recognized due diligence framework.

Design of Our Due Diligence Measures

Our conflict minerals due diligence measures have been designed to conform with the OECD Guidance, as applicable, for tin, tantalum, tungsten, gold and downstream companies (as the term is defined in the OECD Guidance), in all material respects. We do not make direct purchases of raw ore or unrefined conflict minerals in the Covered Countries. We designed our due diligence measures to:

 

  1.

design and implement strategies to determine the presence of conflict minerals in our products;

 

  2.

establish management systems for supply chain due diligence and reporting compliance;

 

  3.

identify and assess conflict minerals content in our supply chain;

 

  4.

identify and mitigate any risk for potential non-compliance with the Rule; and

 

  5.

report on our conflict minerals supply chain due diligence activities, as required by the Rule.

Due Diligence Measures Performed

Our due diligence measures for the applicable reporting period included the following activities:

 

  1.

We updated our product taxonomy for the products that were subject to reporting in the applicable reporting period, and reviewed additions with our appropriate personnel, to determine which products or components have the possibility of containing necessary conflict minerals.

 

  2.

We surveyed any suppliers involved with products or components we determined could possibly contain necessary conflict minerals, to ascertain for each of these conflict minerals (i) whether the product or component contained necessary conflict minerals, (ii) the smelter or refiner where it was processed, (iii) its country of origin and (iv) its mine of origin. A list of smelters identified to date, and associated information, is provided as Attachment A.

 

  3.

Where possible, we try to leverage the due diligence conducted on smelters and refiners by the Responsible Minerals Initiative (the “RMI”), and its Responsible Minerals Assurance Process (the “RMAP”), by comparing the names of the smelters identified by our suppliers to those identified as compliant in the RMAP. The RMAP uses independent private sector auditors to audit the source, including mines of origin, and chain of custody of the conflict minerals used by smelters and refiners that agree to participate in the RMAP. The smelters and refiners that are found to be RMAP compliant are those for which the independent auditor has verified that the smelter’s or refiner’s conflict minerals originated from conflict free mines and trading in the Democratic Republic of the Congo or any of its adjoining countries.

Determination; Continuing Mitigation Efforts

After conducting good faith due diligence on the presence of necessary conflict minerals in certain of our products, we have been unable to identify all smelters, refiners in our supply chain and the ultimate source of origin of such minerals. We are continuing our efforts to identify and mitigate risks in our supply chain and to obtain complete information from our upstream suppliers. Our efforts are necessarily dependent upon the willingness of our supply chain participants to cooperate and assist in this endeavor and there can be no guarantee that we will be able to obtain adequate and reliable information upon which to base our analysis.

Attachment A

SMELTER DETAILS

 

Smelter Name

   

Smelter Country

   

3TG

A.L.M.T. TUNGSTEN Corp.    Japan    Tungsten
Yunnan Chengfeng Non-ferrous Metals Co., Ltd.    China    Tin
Magnu’s Minerais Metais e Ligas Ltda.    Brazil    Tin
PT Premium Tin Indonesia    Indonesia    Tin
Eco-System Recycling Co., Ltd. East Plant    Japan    Gold
Resind Industria e Comercio Ltda.    Brazil    Tin
Global Advanced Metals Boyertown    United States    Tantalum
Tin Smelting Branch of Yunnan Tin Co., Ltd.    China    Tin
SOE Shyolkovsky Factory of Secondary Precious Metals    Russian Federation    Gold
Chenzhou Yunxiang Mining and Metallurgy Co., Ltd.    China    Tin
CCR Refinery - Glencore Canada Corporation    Canada    Gold
Heraeus Germany GmbH Co. KG    Germany    Gold
Asaka Riken Co., Ltd.    Japan    Gold
ASAHI METALFINE, Inc.    Japan    Gold
C. Hafner GmbH + Co. KG    Germany    Gold
O.M. Manufacturing Philippines, Inc.    Philippines    Tin
Umicore S.A. Business Unit Precious Metals Refining    Belgium    Gold
China Tin Group Co., Ltd.    China    Tin
LS MnM Inc.    Korea, Republic of    Gold
Ganzhou Seadragon W & Mo Co., Ltd.    China    Tungsten
Hydrometallurg, JSC    Russian Federation    Tungsten
Royal Canadian Mint    Canada    Gold
Metalor Technologies S.A.    Switzerland    Gold
Fenix Metals    Poland    Tin
PT Panca Mega Persada    Indonesia    Tin
Mineracao Taboca S.A.    Brazil    Tantalum
TANIOBIS Japan Co., Ltd.    Japan    Tantalum
PT Bangka Prima Tin    Indonesia    Tin
White Solder Metalurgia e Mineracao Ltda.    Brazil    Tin
Kennecott Utah Copper LLC    United States    Gold
Jiujiang Tanbre Co., Ltd.    China    Tantalum
Materion Newton Inc.    United States    Tantalum
Heimerle + Meule GmbH    Germany    Gold
JiuJiang JinXin Nonferrous Metals Co., Ltd.    China    Tantalum
Asahi Refining USA Inc.    United States    Gold
Global Tungsten & Powders LLC    United States    Tungsten
PT Stanindo Inti Perkasa    Indonesia    Tin
Global Advanced Metals Aizu    Japan    Tantalum
PT Timah Tbk Mentok    Indonesia    Tin
AMG Brasil    Brazil    Tantalum
Mitsui Mining and Smelting Co., Ltd.    Japan    Tantalum
Shandong Zhaojin Gold & Silver Refinery Co., Ltd.    China    Gold

Metalor Technologies (Hong Kong) Ltd.    China    Gold
SEMPSA Joyeria Plateria S.A.    Spain    Gold
Mitsui Mining and Smelting Co., Ltd.    Japan    Gold
PX Precinox S.A.    Switzerland    Gold
Niagara Refining LLC    United States    Tungsten
Nadir Metal Rafineri San. Ve Tic. A.S.    Turkey    Gold
Boliden Ronnskar    Sweden    Gold
Dowa    Japan    Tin
MKS PAMP SA    Switzerland    Gold
Ohura Precious Metal Industry Co., Ltd.    Japan    Gold
Metallic Resources, Inc.    United States    Tin
Yamakin Co., Ltd.    Japan    Gold
H.C. Starck Tungsten GmbH    Germany    Tungsten
Shandong Gold Smelting Co., Ltd.    China    Gold
Zijin Mining Group Gold Smelting Co. Ltd.    China    Gold
Masan High-Tech Materials    Viet Nam    Tungsten
Gejiu Non-Ferrous Metal Processing Co., Ltd.    China    Tin
Argor-Heraeus S.A.    Switzerland    Gold
Rui Da Hung    Taiwan    Tin
Tokuriki Honten Co., Ltd.    Japan    Gold
O.M. Manufacturing (Thailand) Co., Ltd.    Thailand    Tin
PT Aries Kencana Sejahtera    Indonesia    Tin
Jiangwu H.C. Starck Tungsten Products Co., Ltd.    China    Tungsten
Yokohama Metal Co., Ltd.    Japan    Gold
Zhongyuan Gold Smelter of Zhongjin Gold Corporation    China    Gold
XIMEI RESOURCES (GUANGDONG) LIMITED    China    Tantalum
Japan New Metals Co., Ltd.    Japan    Tungsten
Guangdong Rising Rare Metals-EO Materials Ltd.    China    Tantalum
Istanbul Gold Refinery    Turkey    Gold
AngloGold Ashanti Corrego do Sitio Mineracao    Brazil    Gold
PT Artha Cipta Langgeng    Indonesia    Tin
Nihon Material Co., Ltd.    Japan    Gold
Asahi Refining Canada Ltd.    Canada    Gold
Xiamen Tungsten Co., Ltd.    China    Tungsten
Valcambi S.A.    Switzerland    Gold
Umicore Precious Metals Thailand    Thailand    Gold
Solar Applied Materials Technology Corp.    Taiwan    Gold
PT Bangka Tin Industry    Indonesia    Tin
Metalor Technologies (Singapore) Pte., Ltd.    Singapore    Gold
PT Sariwiguna Binasentosa    Indonesia    Tin
Kojima Chemicals Co., Ltd.    Japan    Gold
Ulba Metallurgical Plant JSC    Kazakhstan    Tantalum
Minsur    Peru    Tin
Wolfram Bergbau und Hutten AG    Austria    Tungsten
PT Tinindo Inter Nusa    Indonesia    Tin
D Block Metals, LLC    United States    Tantalum
Mitsubishi Materials Corporation    Japan    Gold
Guangdong Hanhe Non-Ferrous Metal Co., Ltd.    China    Tin

Mineracao Taboca S.A.    Brazil    Tin
Aida Chemical Industries Co., Ltd.    Japan    Gold
Chongyi Zhangyuan Tungsten Co., Ltd.    China    Tungsten
Telex Metals    United States    Tantalum
EM Vinto    Bolivia    Tin
TANIOBIS Smelting GmbH & Co. KG    Germany    Tungsten
Thaisarco    Thailand    Tin
Aurubis AG    Germany    Gold
TANIOBIS GmbH    Germany    Tantalum
Bangko Sentral ng Pilipinas (Central Bank of the Philippines)    Philippines    Gold
PT Prima Timah Utama    Indonesia    Tin
Chimet S.p.A.    Italy    Gold
PT Sukses Inti Makmur    Indonesia    Tin
PT Mitra Stania Prima    Indonesia    Tin
CV Venus Inti Perkasa    Indonesia    Tin
Melt Metais e Ligas S.A.    Brazil    Tin
Ningxia Orient Tantalum Industry Co., Ltd.    China    Tantalum
Malaysia Smelting Corporation (MSC)    Malaysia    Tin
Aurubis Berango    Spain    Tin
Heraeus Metals Hong Kong Ltd.    China    Gold
Operaciones Metalurgicas S.A.    Bolivia    Tin
Kennametal Huntsville    United States    Tungsten
PT Babel Inti Perkasa    Indonesia    Tin
PT Bukit Timah    Indonesia    Tin
PT Aneka Tambang (Persero) Tbk    Indonesia    Gold
Xiamen Tungsten (H.C.) Co., Ltd.    China    Tungsten
Matsuda Sangyo Co., Ltd.    Japan    Gold
CV Ayi Jaya    Indonesia    Tin
Western Australian Mint (T/a The Perth Mint)    Australia    Gold
TANIOBIS Co., Ltd.    Thailand    Tantalum
PT Timah Tbk Kundur    Indonesia    Tin
Metalurgica Met-Mex Penoles S.A. De C.V.    Mexico    Gold
Jiangxi Copper Co., Ltd.    China    Gold
F&X Electro-Materials Ltd.    China    Tantalum
Solikamsk Magnesium Works OAO    Russian Federation    Tantalum
Guangdong Xianglu Tungsten Co., Ltd.    China    Tungsten
JX Advanced Metals Corporation    Japan    Gold
PT ATD Makmur Mandiri Jaya    Indonesia    Tin
Tanaka Kikinzoku Kogyo K.K.    Japan    Gold
Materion    United States    Gold
Aurubis Beerse    Belgium    Tin
Hunan Jintai New Material Co., Ltd.    China    Tungsten
Hunan Shizhuyuan Nonferrous Metals Co., Ltd. Chenzhou Tungsten Products Branch    China    Tungsten
Agosi AG    Germany    Gold
Ishifuku Metal Industry Co., Ltd.    Japan    Gold
Hengyang King Xing Lifeng New Materials Co., Ltd.    China    Tantalum

Metalor USA Refining Corporation    United States    Gold
Mitsubishi Materials Corporation    Japan    Tin
TANIOBIS Smelting GmbH & Co. KG    Germany    Tantalum
Gejiu Kai Meng Industry and Trade LLC    China    Tin
United Precious Metal Refining, Inc.    United States    Gold
Alpha Assembly Solutions Inc    United States    Tin
Taki Chemical Co., Ltd.    Japan    Tantalum
Dowa    Japan    Gold
PT Refined Bangka Tin    Indonesia    Tin
Rand Refinery (Pty) Ltd.    South Africa    Gold
Sumitomo Metal Mining Co., Ltd.    Japan    Gold
PT Belitung Industri Sejahtera    Indonesia    Tin
Global Tungsten & Powders LLC    United States    Tungsten
Chongyi Zhangyuan Tungsten Co., Ltd.    China    Tungsten
Xiamen Tungsten Co., Ltd.    China    Tungsten
H.C. Starck Tungsten GmbH    Germany    Tungsten
Kennametal Huntsville    United States    Tungsten