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Exhibit 1.01

 

			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.

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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.

 

 

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 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.

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Annex I
Smelters and Refiners
Metal			Smelter or Refiner Name			Location (Country)			RMAP Audit Status
Tantalum			Guangdong Rising Rare Metals-EO Materials Ltd.			China			Conformant
Tantalum			F&X Electro-Materials Ltd.			China			Conformant
Tantalum			XIMEI RESOURCES (GUANGDONG) LIMITED			China			Conformant
Tantalum			JiuJiang JinXin Nonferrous Metals Co., Ltd.			China			Conformant
Tantalum			Jiujiang Tanbre Co., Ltd.			China			Conformant
Tantalum			AMG Brasil			Brazil			Conformant
Tantalum			Metallurgical Products India Pvt., Ltd.			India			Conformant
Tantalum			Mineracao Taboca S.A.			Brazil			Conformant
Tantalum			Mitsui Mining and Smelting Co., Ltd.			Japan			Conformant
Tantalum			NPM Silmet AS			Estonia			Conformant
Tantalum			Ningxia Orient Tantalum Industry Co., Ltd.			China			Conformant
Tantalum			QuantumClean			United States Of America			Conformant
Tantalum			Yanling Jincheng Tantalum & Niobium Co., Ltd.			China			Conformant
Tantalum			Taki Chemical Co., Ltd.			Japan			Conformant
Tantalum			Telex Metals			United States Of America			Conformant
Tantalum			Ulba Metallurgical Plant JSC			Kazakhstan			Conformant
Tantalum			Hengyang King Xing Lifeng New Materials Co., Ltd.			China			Conformant
Tantalum			D Block Metals, LLC			United States Of America			Conformant
Tantalum			FIR Metals & Resource Ltd.			China			Conformant
Tantalum			Jiujiang Zhongao Tantalum & Niobium Co., Ltd.			China			Conformant
Tantalum			XinXing HaoRong Electronic Material Co., Ltd.			China			Conformant
Tantalum			Jiangxi Dinghai Tantalum & Niobium Co., Ltd.			China			Conformant
Tantalum			KEMET de Mexico			Mexico			Conformant
Tantalum			TANIOBIS Co., Ltd.			Thailand			Conformant
Tantalum			TANIOBIS GmbH			Germany			Conformant
Tantalum			Materion Newton Inc.			United States Of America			Conformant
Tantalum			TANIOBIS Japan Co., Ltd.			Japan			Conformant
Tantalum			TANIOBIS Smelting GmbH & Co. KG			Germany			Conformant
Tantalum			Global Advanced Metals Boyertown			United States Of America			Conformant
Tantalum			Global Advanced Metals Aizu			Japan			Conformant
Tantalum			Resind Industria e Comercio Ltda.			Brazil			Conformant
Tantalum			Jiangxi Tuohong New Raw Material			China			Conformant
Tantalum			RFH Yancheng Jinye New Material Technology Co., Ltd.			China			Conformant
Tantalum			5D Production OU			Estonia			Outreach Required
Tantalum			PowerX Ltd.			Rwanda			Conformant
Tantalum			Jiangxi Sanshi Nonferrous Metals Co., Ltd			China			In Communication
Tin			Fenix Metals			Poland			Conformant
Tin			Mineracao Taboca S.A.			Brazil			Conformant
Tin			Minsur			Peru			Conformant
Tin			Operaciones Metalurgicas S.A.			Bolivia (Plurinational State Of)			Conformant
Tin			PT Artha Cipta Langgeng			Indonesia			Conformant
Tin			PT Babel Surya Alam Lestari			Indonesia			Conformant
Tin			PT Mitra Stania Prima			Indonesia			Conformant
Tin			PT Refined Bangka Tin			Indonesia			Conformant
Tin			PT Sariwiguna Binasentosa			Indonesia			Conformant
Tin			PT Stanindo Inti Perkasa			Indonesia			Conformant

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Tin			PT Timah Tbk Kundur			Indonesia			Conformant
Tin			PT Timah Tbk Mentok			Indonesia			Conformant
Tin			Thaisarco			Thailand			Conformant
Tin			White Solder Metalurgia e Mineracao Ltda.			Brazil			Conformant
Tin			PT ATD Makmur Mandiri Jaya			Indonesia			Conformant
Tin			Aurubis Beerse			Belgium			Conformant
Tin			PT Sukses Inti Makmur			Indonesia			Conformant
Tin			PT Bangka Serumpun			Indonesia			Conformant
Tin			PT Rajawali Rimba Perkasa			Indonesia			Conformant
Tin			Luna Smelter, Ltd.			Rwanda			Conformant
Tin			PT Mitra Sukses Globalindo			Indonesia			Conformant
Tin			Chenzhou Yunxiang Mining and Metallurgy Co., Ltd.			China			Conformant
Tin			Alpha			United States Of America			Conformant
Tin			PT Premium Tin Indonesia			Indonesia			Conformant
Tin			Dowa			Japan			Conformant
Tin			EM Vinto			Bolivia (Plurinational State Of)			Conformant
Tin			Estanho de Rondonia S.A.			Brazil			Conformant
Tin			Gejiu Non-Ferrous Metal Processing Co., Ltd.			China			Conformant
Tin			China Tin Group Co., Ltd.			China			Conformant
Tin			Malaysia Smelting Corporation (MSC)			Malaysia			Conformant
Tin			Metallic Resources, Inc.			United States Of America			Conformant
Tin			Mitsubishi Materials Corporation			Japan			Conformant
Tin			Jiangxi New Nanshan Technology Ltd.			China			Conformant
Tin			O.M. Manufacturing (Thailand) Co., Ltd.			Thailand			Conformant
Tin			Rui Da Hung			Taiwan, Province Of China			Conformant
Tin			Gejiu Yunxin Nonferrous Electrolysis Co., Ltd.			China			Non Conformant
Tin			Yunnan Chengfeng Non-ferrous Metals Co., Ltd.			China			Conformant
Tin			Tin Smelting Branch of Yunnan Tin Co., Ltd.			China			Conformant
Tin			Magnu's Minerais Metais e Ligas Ltda.			Brazil			Conformant
Tin			Melt Metais e Ligas S.A.			Brazil			Active
Tin			O.M. Manufacturing Philippines, Inc.			Philippines			Conformant
Tin			Electro-Mechanical Facility of the Cao Bang Minerals & Metallurgy Joint Stock Company			Viet Nam			Non Conformant
Tin			Tuyen Quang Non-Ferrous Metals Joint Stock Company			Viet Nam			Outreach Required
Tin			PT Rajehan Ariq			Indonesia			Conformant
Tin			PT Cipta Persada Mulia			Indonesia			Conformant
Tin			An Vinh Joint Stock Mineral Processing Company			Viet Nam			Outreach Required
Tin			Resind Industria e Comercio Ltda.			Brazil			Conformant
Tin			Super Ligas			Brazil			Conformant
Tin			Aurubis Berango			Spain			Conformant
Tin			PT Bangka Prima Tin			Indonesia			Conformant
Tin			HuiChang Hill Tin Industry Co., Ltd.			China			Conformant
Tin			Modeltech Sdn Bhd			Malaysia			Non Conformant
Tin			Guangdong Hanhe Non-Ferrous Metal Co., Ltd.			China			Conformant
Tin			Chifeng Dajingzi Tin Industry Co., Ltd.			China			Conformant
Tin			Tin Technology & Refining			United States Of America			Conformant
Tin			Dongguan CiEXPO Environmental Engineering Co., Ltd.			China			Non Conformant
Tin			Ma'anshan Weitai Tin Co., Ltd.			China			Non Conformant
Tin			Yunnan Yunfan Non-ferrous Metals Co., Ltd.			China			Conformant
Tin			Precious Minerals and Smelting Limited			India			Non Conformant

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Tin			Gejiu City Fuxiang Industry and Trade Co., Ltd.			China			Outreach Required
Tin			CRM Fundicao De Metais E Comercio De Equipamentos Eletronicos Do Brasil Ltda			Brazil			Conformant
Tin			CRM Synergies			Spain			Conformant
Tin			Fabrica Auricchio Industria e Comercio Ltda.			Brazil			Non Conformant
Tin			PT Putera Sarana Shakti (PT PSS)			Indonesia			Conformant
Tin			Mining Minerals Resources SARL			Congo, Democratic Republic Of The			Conformant
Tin			Takehara PVD Materials Plant / PVD Materials Division of MITSUI MINING & SMELTING CO., LTD.			Japan			Conformant
Tin			Malaysia Smelting Corporation Berhad (Port Klang)			Malaysia			Conformant
Tin			RIKAYAA GREENTECH PRIVATE LIMITED			India			Outreach Required
Tin			Woodcross Smelting Company Limited			Uganda			Conformant
Tin			Global Advanced Metals Greenbushes Pty Ltd.			Australia			Conformant
Tin			Longnan Chuangyue Environmental Protection Technology Development Co., Ltd			China			Outreach Required
Tin			PT Aries Kencana Sejahtera			Indonesia			Conformant
Tin			PT Bukit Timah			Indonesia			Conformant
Tin			PT Prima Timah Utama			Indonesia			Conformant
Tin			PT Tinindo Inter Nusa			Indonesia			Conformant
Tin			PT Tommy Utama			Indonesia			Conformant
Tin			CV Venus Inti Perkasa			Indonesia			Conformant
Tin			PT Menara Cipta Mulia			Indonesia			Conformant
Tungsten			A.L.M.T. Corp.			Japan			Conformant
Tungsten			Kennametal Huntsville			United States Of America			Conformant
Tungsten			Guangdong Xianglu Tungsten Co., Ltd.			China			Conformant
Tungsten			Chongyi Zhangyuan Tungsten Co., Ltd.			China			Conformant
Tungsten			CNMC (Guangxi) PGMA Co., Ltd.			China			Outreach Required
Tungsten			Global Tungsten & Powders LLC			United States Of America			Conformant
Tungsten			Japan New Metals Co., Ltd.			Japan			Conformant
Tungsten			Kennametal Fallon			United States Of America			Conformant
Tungsten			Wolfram Bergbau und Hutten AG			Austria			Conformant
Tungsten			Xiamen Tungsten Co., Ltd.			China			Conformant
Tungsten			Jiangxi Minmetals Gao'an Non-ferrous Metals Co., Ltd.			China			Communication Suspended - Not Interested
Tungsten			Ganzhou Jiangwu Ferrotungsten Co., Ltd.			China			Conformant
Tungsten			Jiangxi Yaosheng Tungsten Co., Ltd.			China			Conformant
Tungsten			Jiangxi Xinsheng Tungsten Industry Co., Ltd.			China			Conformant
Tungsten			Jiangxi Tonggu Non-ferrous Metallurgical & Chemical Co., Ltd.			China			Conformant
Tungsten			Malipo Haiyu Tungsten Co., Ltd.			China			Conformant
Tungsten			Xiamen Tungsten (H.C.) Co., Ltd.			China			Conformant
Tungsten			Jiangxi Gan Bei Tungsten Co., Ltd.			China			Conformant
Tungsten			Ganzhou Seadragon W & Mo Co., Ltd.			China			Conformant
Tungsten			Asia Tungsten Products Vietnam Ltd.			Viet Nam			Conformant
Tungsten			Hunan Shizhuyuan Nonferrous Metals Co., Ltd. Chenzhou Tungsten Products Branch			China			Conformant
Tungsten			H.C. Starck Tungsten GmbH			Germany			Conformant
Tungsten			TANIOBIS Smelting GmbH & Co. KG			Germany			Conformant
Tungsten			Masan High-Tech Materials			Viet Nam			Conformant
Tungsten			Jiangwu H.C. Starck Tungsten Products Co., Ltd.			China			Conformant
Tungsten			Niagara Refining LLC			United States Of America			Conformant

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Tungsten			China Molybdenum Tungsten Co., Ltd.			China			Conformant
Tungsten			Philippine Chuangxin Industrial Co., Inc.			Philippines			Conformant
Tungsten			ACL Metais Eireli			Brazil			Non Conformant
Tungsten			Lianyou Metals Co., Ltd.			Taiwan, Province Of China			Conformant
Tungsten			Hubei Green Tungsten Co., Ltd.			China			Conformant
Tungsten			Albasteel Industria e Comercio de Ligas Para Fundicao Ltd.			Brazil			Non Conformant
Tungsten			Cronimet Brasil Ltda			Brazil			Conformant
Tungsten			Fujian Xinlu Tungsten Co., Ltd.			China			Conformant
Tungsten			YUDU ANSHENG TUNGSTEN CO., LTD.			China			Outreach Required
Tungsten			HANNAE FOR T Co., Ltd.			Korea, Republic Of			Outreach Required
Tungsten			Tungsten Vietnam Joint Stock Company			Viet Nam			Conformant
Tungsten			Nam Viet Cromit Joint Stock Company			Viet Nam			Outreach Required
Tungsten			MALAMET SMELTING SDN. BHD.			Malaysia			Outreach Required
Tungsten			DONGKUK INDUSTRIES CO., LTD.			Korea, Republic Of			Outreach Required
Tungsten			Lianyou Resources Co., Ltd.			Taiwan, Province Of China			Conformant
Tungsten			Shinwon Tungsten (Fujian Shanghang) Co., Ltd.			China			Conformant
Tungsten			Philippine Carreytech Metal Corp.			Philippines			Active
Tungsten			Kenee Mining Corporation Vietnam			Viet Nam			Conformant
Tungsten			Philippine Bonway Manufacturing Industrial Corporation			Philippines			Conformant

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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

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