EX-1.01 2 prlbconflictmineralsreport.htm EX-1.01 Document

Exhibit 1.01
 
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Injection Molding
Sheet Metal Fabrication
CNC Machining
3D Printing
 
 
 
PROTO LABS, INC.
CONFLICT MINERALS REPORT
For the reporting period from January 1, 2024 to December 31, 2024
 
 
This Conflict Minerals Report (this “Report”) of Proto Labs, Inc. (the “Company,” “we,” “us” or “our”) has been prepared pursuant to Rule 13p-1 and Form SD (the “Rule”) promulgated under the Securities Exchange Act of 1934, as amended, for the reporting period from January 1, 2024 to December 31, 2024.
 
The Rule requires disclosure of certain information when a company manufactures or contracts to manufacture products for which the minerals specified in the Rule are necessary to the functionality or production of those products. The specified minerals, which we collectively refer to in this Report as the “Conflict Minerals,” are gold, columbite-tantalite (coltan), cassiterite and wolframite, or their derivatives, which are limited to tantalum, tin and tungsten. The “Covered Countries” for the purposes of the Rule are the Democratic Republic of the Congo, the Republic of the Congo, the Central African Republic, South Sudan, Uganda, Rwanda, Burundi, Tanzania, Zambia and Angola. As described in this Report, the Company manufactures certain products for which the Conflict Minerals are necessary to the functionality or production of those products.
 
Proto Labs, Inc. Overview
 
Proto Labs, Inc. is an e-commerce driven digital manufacturer of custom prototypes and on-demand production parts. We utilize injection molding, computer numerical control (“CNC”) machining, 3D printing and sheet metal fabrication processes to manufacture custom parts for product developers and engineers. We offer several plastic and metal material options to our customers who select the proper material(s) for production of their parts. A very limited number of the metal materials we offer for production of parts have been identified as containing Conflict Minerals (the “Covered Products”).
 
We have established management systems to support the execution of our Conflict Minerals program and ensure it operates effectively and is sustainable into the future. We have adopted a policy affirming our commitment to conducting business fairly and ethically with respect for human rights and in compliance with applicable laws and regulations, including the Rule, which is available on our website (the “Conflict Minerals Policy”). Our policy also affirms our support for the responsible sourcing of Conflict Minerals through our global supply chain, and states that we are actively and diligently working with our global supply chain partners to determine the origin of any Conflict Minerals they may supply to us, and that we will continue to work with them toward the goal of providing greater supply chain transparency and responsible sourcing. In addition to establishing the Conflict Minerals Policy, we have assembled a cross-functional team to implement and oversee our Conflict Minerals compliance program. We have a process in place to engage our suppliers to educate them about the Rule and request information from them regarding Conflict Minerals, and to collect, analyze and retain any such information received from them.
 
Reasonable Country of Origin Inquiry
 
We do not directly source Conflict Minerals. Instead, we purchase raw materials from third-party suppliers that are multiple layers removed from the smelters and refiners of the Conflict Minerals that are in the raw materials ultimately supplied to us. We must therefore rely on our suppliers to provide information regarding the origin of Conflict Minerals that are included in such materials.
 
For the calendar year 2024 reporting period, we worked with a third-party provider of conflict minerals validation services to assist us in our good faith reasonable country of origin inquiry regarding the Conflict Minerals contained in the products we manufacture. We evaluated the products we manufactured for our customers and determined that certain products manufactured during calendar year 2024 were manufactured with raw materials that may contain Conflict Minerals that are necessary to the functionality or production of those products. We identified 215 suppliers of those raw materials, and surveyed each of them using the Conflict Minerals Reporting Template (the "CMRT”) developed by the Responsible Minerals Initiative (the “RMI”). We requested that these suppliers make similar inquiries of their suppliers and sub-suppliers until the smelters and refiners of any Conflict Minerals in the raw materials supplied to us could be identified and compared to the conflict-free smelters and refiners lists developed and maintained by the RMI.

 
 
Due Diligence
 
Due Diligence Design and Framework
 
Because we could not determine that all the Conflict Minerals in the Covered Products did not originate in a Covered Country or originated from recycled or scrap sources based on the responses to the CMRTs, we exercised due diligence on the source and chain of custody of the Conflict Minerals. The Company’s due diligence measures have been designed to conform to the five-step framework in the Organization for Economic Co-operation and Development Due Diligence Guidance for Responsible Supply Chain of Minerals from Conflict-Affected and High Risk Areas: Third Edition, including the related supplements on gold, tin, tantalum and tungsten (the “OECD Guidance”).
 
Due Diligence Measures Performed
 
The objective of the due diligence performed was to determine the source and chain of custody of the Conflict Minerals contained in the Covered Products and to determine whether any of those Conflict Minerals are associated with armed groups in the Covered Countries. For the Covered Products manufactured during the calendar year ended December 31, 2024, the Company’s Operations, Compliance and Finance Departments were involved in the due diligence process.
 
As part of our due diligence, we reviewed supplier responses to each CMRT and followed up with suppliers who did not provide us with a timely response by escalating communication with unresponsive suppliers to the stakeholders in charge of the business relationship via both automated email and personalized email, including offering assistance and further information on how to complete the survey. In reviewing supplier responses, we challenged responses that did not respond on a product level and compared the information reported on the CMRTs to our knowledge of the composition of the materials contained in the Covered Products. We also followed-up on responses to try to get smelters and refiners information so that we could independently verify the information reported on each CMRT. If a supplier identified smelters or refiners in a CMRT, we also screened those smelters and refiners with a screening software to alert us if any materials or components provided to us may have originated in any country that may be subject to sanctions or other various government watchlists related to human rights violations or if any of the smelters or refiners identified are subject to sanctions or may be on other various government watchlists related to human rights violations. If we identity any potential economic sanctions risk as part of this screening process, then we work with the relevant suppliers to evaluate and remediate such risks in a manner consistent with applicable sanctions-program requirements. 
 
Due Diligence Results
 
Of the suppliers surveyed that returned to us a completed CMRT, we were able to identify 159 smelters and refiners that may have processed Conflict Minerals in materials supplied to us for our Covered Products for 2024. Those smelters and refiners identified by the Company’s suppliers are listed on Annex I below; however, as noted in the introduction to Annex I, this list may be overinclusive given that a few of our suppliers did not report on a product level. 134 of the 159 smelters and refiners reported that the Conflict Minerals in the materials supplied to us for our Covered Products either 1) do not come from the Covered Countries or 2) are conformant to the RMI assessment protocols for conflict free sourcing. Nine of the smelters and refiners are listed as nonconformant, two of the smelters and refiners are listed as active, and 14 of the smelters and refiners are listed as not enrolled. For the 159 smelters and refiners identified by our suppliers that returned a survey, we were not able to identify country of origin data for 23 of those smelters and refiners. Based on the due diligence procedures described above, we are filing this Report as we do not believe the information received from our suppliers and our additional due diligence efforts for calendar year 2024 are sufficient to determine the exact country of origin of the Conflict Minerals in our Covered Products. We are continuing to work with our suppliers to monitor risks in our supply chain to ensure compliance with our Conflict Minerals Policy.
 
Future Steps to Mitigate Risk
 
The Company expects to take the following steps, among others, to continue to improve its due diligence measures and to further mitigate the risk that any Conflict Minerals necessary to the functionality of any of the Company’s products finance or benefit armed groups in the Covered Countries: continuing to engage with suppliers to obtain current, accurate and complete information about the supply chain; encouraging suppliers to implement responsible sourcing and to have them encourage smelters and refiners to obtain a “conflict-free” designation from an independent, third-party auditor; and engaging in industry initiatives encouraging “conflict-free” supply chains.
 
 


 Annex I
 
The below list of Smelters or Refiners (“SORs”) were identified to the Company by our suppliers as following the RMI protocols for the reporting period from January 1, 2024 to December 31, 2024, with the RMAP Audit Status confirmed as of May 9, 2025. The Company is typically many tiers in the supply chain removed from SORs, and our direct suppliers have not traced materials supplied to us back to individual SORs. Many of our suppliers provided information to the Company on all SORs identified to them by their suppliers, and have not been able to confirm that Conflict Minerals processed by these SORs have been used in the products they have supplied us because they did not provide their CMRT at the product level. Therefore, it is possible that the list contains SORs not used to process Conflict Minerals contained in our products.


  Annex I
Smelters and Refiners
   
MetalSmelter or Refiner NameLocation (Country)RMAP Audit Status
TantalumGuangdong Rising Rare Metals-EO Materials Ltd.ChinaConformant
TantalumF&X Electro-Materials Ltd.ChinaConformant
TantalumXIMEI RESOURCES (GUANGDONG) LIMITEDChinaConformant
TantalumJiuJiang JinXin Nonferrous Metals Co., Ltd.ChinaConformant
TantalumJiujiang Tanbre Co., Ltd.ChinaConformant
TantalumAMG BrasilBrazilConformant
TantalumMetallurgical Products India Pvt., Ltd.IndiaConformant
TantalumMineracao Taboca S.A.BrazilConformant
TantalumMitsui Mining and Smelting Co., Ltd.JapanConformant
TantalumNPM Silmet ASEstoniaConformant
TantalumNingxia Orient Tantalum Industry Co., Ltd.ChinaConformant
TantalumQuantumCleanUnited States Of AmericaConformant
TantalumYanling Jincheng Tantalum & Niobium Co., Ltd.ChinaConformant
TantalumTaki Chemical Co., Ltd.JapanConformant
TantalumTelex MetalsUnited States Of AmericaConformant
TantalumUlba Metallurgical Plant JSCKazakhstanConformant
TantalumHengyang King Xing Lifeng New Materials Co., Ltd.ChinaConformant
TantalumD Block Metals, LLCUnited States Of AmericaConformant
TantalumFIR Metals & Resource Ltd.ChinaConformant
TantalumJiujiang Zhongao Tantalum & Niobium Co., Ltd.ChinaConformant
TantalumXinXing HaoRong Electronic Material Co., Ltd.ChinaConformant
TantalumJiangxi Dinghai Tantalum & Niobium Co., Ltd.ChinaConformant
TantalumKEMET de MexicoMexicoConformant
TantalumTANIOBIS Co., Ltd.ThailandConformant
TantalumTANIOBIS GmbHGermanyConformant
TantalumMaterion Newton Inc.United States Of AmericaConformant
TantalumTANIOBIS Japan Co., Ltd.JapanConformant
TantalumTANIOBIS Smelting GmbH & Co. KGGermanyConformant
TantalumGlobal Advanced Metals BoyertownUnited States Of AmericaConformant
TantalumGlobal Advanced Metals AizuJapanConformant
TantalumResind Industria e Comercio Ltda.BrazilConformant
TantalumJiangxi Tuohong New Raw MaterialChinaConformant
TantalumRFH Yancheng Jinye New Material Technology Co., Ltd.ChinaConformant
Tantalum5D Production OUEstoniaOutreach Required
TantalumPowerX Ltd.RwandaConformant
TantalumJiangxi Sanshi Nonferrous Metals Co., LtdChinaIn Communication
TinFenix MetalsPolandConformant
TinMineracao Taboca S.A.BrazilConformant
TinMinsurPeruConformant
TinOperaciones Metalurgicas S.A.Bolivia (Plurinational State Of)Conformant
TinPT Artha Cipta LanggengIndonesiaConformant
TinPT Babel Surya Alam LestariIndonesiaConformant
TinPT Mitra Stania PrimaIndonesiaConformant
TinPT Refined Bangka TinIndonesiaConformant
TinPT Sariwiguna BinasentosaIndonesiaConformant
TinPT Stanindo Inti PerkasaIndonesiaConformant

TinPT Timah Tbk KundurIndonesiaConformant
TinPT Timah Tbk MentokIndonesiaConformant
TinThaisarcoThailandConformant
TinWhite Solder Metalurgia e Mineracao Ltda.BrazilConformant
TinPT ATD Makmur Mandiri JayaIndonesiaConformant
TinAurubis BeerseBelgiumConformant
TinPT Sukses Inti MakmurIndonesiaConformant
TinPT Bangka SerumpunIndonesiaConformant
TinPT Rajawali Rimba PerkasaIndonesiaConformant
TinLuna Smelter, Ltd.RwandaConformant
TinPT Mitra Sukses GlobalindoIndonesiaConformant
TinChenzhou Yunxiang Mining and Metallurgy Co., Ltd.ChinaConformant
TinAlphaUnited States Of AmericaConformant
TinPT Premium Tin IndonesiaIndonesiaConformant
TinDowaJapanConformant
TinEM VintoBolivia (Plurinational State Of)Conformant
TinEstanho de Rondonia S.A.BrazilConformant
TinGejiu Non-Ferrous Metal Processing Co., Ltd.ChinaConformant
TinChina Tin Group Co., Ltd.ChinaConformant
TinMalaysia Smelting Corporation (MSC)MalaysiaConformant
TinMetallic Resources, Inc.United States Of AmericaConformant
TinMitsubishi Materials CorporationJapanConformant
TinJiangxi New Nanshan Technology Ltd.ChinaConformant
TinO.M. Manufacturing (Thailand) Co., Ltd.ThailandConformant
TinRui Da HungTaiwan, Province Of ChinaConformant
TinGejiu Yunxin Nonferrous Electrolysis Co., Ltd.ChinaNon Conformant
TinYunnan Chengfeng Non-ferrous Metals Co., Ltd.ChinaConformant
TinTin Smelting Branch of Yunnan Tin Co., Ltd.ChinaConformant
TinMagnu's Minerais Metais e Ligas Ltda.BrazilConformant
TinMelt Metais e Ligas S.A.BrazilActive
TinO.M. Manufacturing Philippines, Inc.PhilippinesConformant
TinElectro-Mechanical Facility of the Cao Bang Minerals & Metallurgy Joint Stock CompanyViet NamNon Conformant
TinTuyen Quang Non-Ferrous Metals Joint Stock CompanyViet NamOutreach Required
TinPT Rajehan AriqIndonesiaConformant
TinPT Cipta Persada MuliaIndonesiaConformant
TinAn Vinh Joint Stock Mineral Processing CompanyViet NamOutreach Required
TinResind Industria e Comercio Ltda.BrazilConformant
TinSuper LigasBrazilConformant
TinAurubis BerangoSpainConformant
TinPT Bangka Prima TinIndonesiaConformant
TinHuiChang Hill Tin Industry Co., Ltd.ChinaConformant
TinModeltech Sdn BhdMalaysiaNon Conformant
TinGuangdong Hanhe Non-Ferrous Metal Co., Ltd.ChinaConformant
TinChifeng Dajingzi Tin Industry Co., Ltd.ChinaConformant
TinTin Technology & RefiningUnited States Of AmericaConformant
TinDongguan CiEXPO Environmental Engineering Co., Ltd.ChinaNon Conformant
TinMa'anshan Weitai Tin Co., Ltd.ChinaNon Conformant
TinYunnan Yunfan Non-ferrous Metals Co., Ltd.ChinaConformant
TinPrecious Minerals and Smelting LimitedIndiaNon Conformant

TinGejiu City Fuxiang Industry and Trade Co., Ltd.ChinaOutreach Required
TinCRM Fundicao De Metais E Comercio De Equipamentos Eletronicos Do Brasil LtdaBrazilConformant
TinCRM SynergiesSpainConformant
TinFabrica Auricchio Industria e Comercio Ltda.BrazilNon Conformant
TinPT Putera Sarana Shakti (PT PSS)IndonesiaConformant
TinMining Minerals Resources SARLCongo, Democratic Republic Of TheConformant
TinTakehara PVD Materials Plant / PVD Materials Division of MITSUI MINING & SMELTING CO., LTD.JapanConformant
TinMalaysia Smelting Corporation Berhad (Port Klang)MalaysiaConformant
TinRIKAYAA GREENTECH PRIVATE LIMITEDIndiaOutreach Required
TinWoodcross Smelting Company LimitedUgandaConformant
TinGlobal Advanced Metals Greenbushes Pty Ltd.AustraliaConformant
TinLongnan Chuangyue Environmental Protection Technology Development Co., LtdChinaOutreach Required
TinPT Aries Kencana SejahteraIndonesiaConformant
TinPT Bukit TimahIndonesiaConformant
TinPT Prima Timah UtamaIndonesiaConformant
TinPT Tinindo Inter NusaIndonesiaConformant
TinPT Tommy UtamaIndonesiaConformant
TinCV Venus Inti PerkasaIndonesiaConformant
TinPT Menara Cipta MuliaIndonesiaConformant
TungstenA.L.M.T. Corp.JapanConformant
TungstenKennametal HuntsvilleUnited States Of AmericaConformant
TungstenGuangdong Xianglu Tungsten Co., Ltd.ChinaConformant
TungstenChongyi Zhangyuan Tungsten Co., Ltd.ChinaConformant
TungstenCNMC (Guangxi) PGMA Co., Ltd.ChinaOutreach Required
TungstenGlobal Tungsten & Powders LLCUnited States Of AmericaConformant
TungstenJapan New Metals Co., Ltd.JapanConformant
TungstenKennametal FallonUnited States Of AmericaConformant
TungstenWolfram Bergbau und Hutten AGAustriaConformant
TungstenXiamen Tungsten Co., Ltd.ChinaConformant
TungstenJiangxi Minmetals Gao'an Non-ferrous Metals Co., Ltd.ChinaCommunication Suspended - Not Interested
TungstenGanzhou Jiangwu Ferrotungsten Co., Ltd.ChinaConformant
TungstenJiangxi Yaosheng Tungsten Co., Ltd.ChinaConformant
TungstenJiangxi Xinsheng Tungsten Industry Co., Ltd.ChinaConformant
TungstenJiangxi Tonggu Non-ferrous Metallurgical & Chemical Co., Ltd.ChinaConformant
TungstenMalipo Haiyu Tungsten Co., Ltd.ChinaConformant
TungstenXiamen Tungsten (H.C.) Co., Ltd.ChinaConformant
TungstenJiangxi Gan Bei Tungsten Co., Ltd.ChinaConformant
TungstenGanzhou Seadragon W & Mo Co., Ltd.ChinaConformant
TungstenAsia Tungsten Products Vietnam Ltd.Viet NamConformant
TungstenHunan Shizhuyuan Nonferrous Metals Co., Ltd. Chenzhou Tungsten Products BranchChinaConformant
TungstenH.C. Starck Tungsten GmbHGermanyConformant
TungstenTANIOBIS Smelting GmbH & Co. KGGermanyConformant
TungstenMasan High-Tech MaterialsViet NamConformant
TungstenJiangwu H.C. Starck Tungsten Products Co., Ltd.ChinaConformant
TungstenNiagara Refining LLCUnited States Of AmericaConformant

TungstenChina Molybdenum Tungsten Co., Ltd.ChinaConformant
TungstenPhilippine Chuangxin Industrial Co., Inc.PhilippinesConformant
TungstenACL Metais EireliBrazilNon Conformant
TungstenLianyou Metals Co., Ltd.Taiwan, Province Of ChinaConformant
TungstenHubei Green Tungsten Co., Ltd.ChinaConformant
TungstenAlbasteel Industria e Comercio de Ligas Para Fundicao Ltd.BrazilNon Conformant
TungstenCronimet Brasil LtdaBrazilConformant
TungstenFujian Xinlu Tungsten Co., Ltd.ChinaConformant
TungstenYUDU ANSHENG TUNGSTEN CO., LTD.ChinaOutreach Required
TungstenHANNAE FOR T Co., Ltd.Korea, Republic OfOutreach Required
TungstenTungsten Vietnam Joint Stock CompanyViet NamConformant
TungstenNam Viet Cromit Joint Stock CompanyViet NamOutreach Required
TungstenMALAMET SMELTING SDN. BHD.MalaysiaOutreach Required
TungstenDONGKUK INDUSTRIES CO., LTD.Korea, Republic OfOutreach Required
TungstenLianyou Resources Co., Ltd.Taiwan, Province Of ChinaConformant
TungstenShinwon Tungsten (Fujian Shanghang) Co., Ltd.ChinaConformant
TungstenPhilippine Carreytech Metal Corp.PhilippinesActive
TungstenKenee Mining Corporation VietnamViet NamConformant
TungstenPhilippine Bonway Manufacturing Industrial CorporationPhilippinesConformant

Annex II
List of countries of origin of Conflict Minerals
 
Andorra
Argentina
Australia
Austria
Belgium
Bolivia (Plurinational State of)
Brazil
Burundi
Canada
Chile
China
Colombia
Democratic Republic of the Congo
El Salvador
Estonia
Ethiopia
France
Germany
Hong Kong
Hungary
India
Indonesia
Ireland
Israel
Japan
Kazakhstan
Korea
Luxembourg
Madagascar
Malaysia
Mexico
Mongolia
Morocco
Mozambique
Myanmar
Namibia
Netherlands
Niger
Nigeria
Peru
Philippines
Poland
Portugal
Russian Federation
Rwanda
Sierra Leone
Singapore
Slovakia

South Africa
Spain
Sweden
Switzerland
Taiwan
Tanzania
Thailand
Turkey
Uganda
United Kingdom
United States of America
Vietnam
Zambia