Exhibit 1.01
ENERPAC TOOL GROUP CORP.
Conflict Minerals Report
For The Year Ended December 31, 2025
Introduction:
Enerpac Tool Group Corp. (“Company”, “Enerpac”, “we”, “our”, or “us”) is a premier industrial tools, services, technology and solutions provider serving a broad and diverse set of customers and end markets for mission-critical applications in more than 100 countries. Enerpac Tool Group's businesses are global leaders in providing high pressure hydraulic tools, controlled force products and solutions for precise positioning of heavy loads that help customers safely and reliably tackle some of the most challenging jobs around the world. We provide services and tool rental to the general industrial; refining and petrochemical; industrial maintenance, repair and operations; machining & manufacturing; power generation; infrastructure; mining and other markets. Our primary products include branded tools, cylinders, pumps, hydraulic torque wrenches and highly engineered heavy lifting technology solutions, and our service offerings include supplying highly trained technicians to provide maintenance and manpower services on customer assets to meet their specific needs including bolting, machining, and joint integrity. We also provide rental services for certain of our products. Our manufacturing consists primarily of light assembly of components we source from a network of global suppliers, although we also have machining and fabrication capabilities. For the calendar year ended December 31, 2025, the Company was organized in one reportable segment, Industrial Tools & Services.
Certain Enerpac products contain materials or components containing gold, tantalum, tin, and/or tungsten (collectively, “3TG”) necessary to the functionality of the product. Therefore, in accordance with Rule 13p-1 of the Securities Exchange Act of 1934 (the “Exchange Act”), we have investigated, and are reporting on, the origin of the 3TG used in our products to ascertain whether the 3TG originated from the Democratic Republic of Congo or adjoining countries (“Covered Countries”).
References to our website in this Conflict Minerals Report are inactive textual references only, and the information contained on our website is not incorporated by reference into this Conflict Minerals Report (or the related Form SD) and should not be considered part of this Conflict Minerals Report (or the related Form SD).
Conflict Minerals Policy:
Enerpac is committed to ethical business practices and promoting the safety, health and well-being of the communities we impact. We are guided in our pursuit and implementation of these principles by our Code of Conduct and Conflict Minerals Policy, which are publicly available in the Investors - Governance section of the Company’s website at https://ir.enerpactoolgroup.com/governance/governance-documents/default.aspx.
The Conflict Minerals Policy affirms our commitment to responsible sourcing practices for our components and raw materials. Consistent with the Conflict Minerals Policy, we seek to work with suppliers that support responsible sourcing practices and provide sourcing information to assist our due diligence efforts. Where concerns are identified regarding a supplier’s sourcing practices or compliance with our Conflict Minerals Policy, we may pursue corrective action plans, risk mitigation measures, or alternative sourcing arrangements, as appropriate.
Supply Chain Due Diligence:
We conduct a country-of-origin inquiry and due diligence of our supply chain on an annual basis. We have designed our due diligence measures to be in conformity in all material respects with the Organization for Economic Co-operation and Development Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas (2016) and related supplements for each of the Conflict Minerals (the “OECD Guidance”). Summarized below are the five-step framework set forth in the OECD Guidance and the corresponding due diligence measures we have undertaken.
Establish Company Management Systems:
We maintain a cross-functional 3TG compliance team that includes employees from our supply chain, trade compliance, legal, finance and operations functions. This team is responsible for administering our 3TG compliance program, including communicating updates to senior management and providing organizational guidance on the rules. Our compliance program includes supplier engagement and processes for reporting exceptions to our Conflict Minerals Policy. We also have included conflict minerals compliance clauses in purchase orders and supplier contracts to confirm our standards and enforce our requirements.
Identify and Assess Risk in the Supply Chain:
Our operations are several steps removed from the mining of minerals and we do not directly source minerals. As part of our diligence measures, we conduct a country-of-origin inquiry to determine whether any of the 3TG in our products originated in the Covered Countries. Because of the diversity of our products and the global nature of our supply chain, we rely on our suppliers to provide us with information about the source and content of components we purchase from them and incorporate into our products. Similarly, our direct suppliers also rely on information provided by their suppliers. This chain of information creates a level of uncertainty and risk related to the accuracy of the information we receive.
Our quality department performs the following as part of our country-of-origin inquiry and due diligence processes:
•manages the supplier solicitation process that includes sending a survey to selected direct material suppliers (114 suppliers) using the Responsible Minerals Initiative (“RMI”)’s Conflict Minerals Reporting Template (“CMRT”),
•aggregates CMRT responses for analysis and reporting,
•evaluates responses from suppliers and reviews the results of due diligence to assess the completeness and accuracy of the responses received from our supply chain,
•identifies quality issues (e.g., incomplete CMRTs, inconsistent responses and red flags based on defined criteria),
•assesses whether the processing facilities reported to us by our suppliers are included on the list of compliant processing facilities published by the RMI, and
•seeks additional documentation and verifications, as required.
We believe the inquiries and due diligence measures described above represent an appropriate and reasonable effort to determine the origins of the 3TG in our products. Most of the suppliers we evaluated provided comprehensive responses to the CMRT, although some only provided interim responses or incomplete information despite attempts to obtain comprehensive information.
Design and Implement a Strategy to Respond to Identified Risks:
We expect our suppliers to source minerals from responsible and RMI-compliant sources and believe in establishing and maintaining long-term relationships with compliant suppliers. If, as a result of our due diligence measures, we determine that a supplier is violating our Conflict Minerals Policy, we will either seek an alternate supplier or require a suitable corrective action plan. In limited cases, identifying alternate sources can be difficult and require lengthy implementation periods.
Carry Out Independent Third-Party Audit of Smelter/Refiner’s Due Diligence Practices:
We do not perform direct audits of 3TG smelters and refiners within our supply chain since we are a downstream consumer and several steps removed from smelters and refiners that provide minerals and ores.
Report on Supply Chain Due Diligence:
We are filing this report (and the related Form SD) with the SEC and are making it publicly available in the Investors - Governance section of our website at https://ir.enerpactoolgroup.com/governance/governance-documents/default.aspx.
Due Diligence Results:
The most frequently utilized smelters in our supply chain, as reported by our suppliers, are included in Schedule A to this Conflict Minerals Report. Our review of the most frequently utilized smelters generally did not identify any facilities considered to be at risk of violating our Conflict Minerals Policy.
Our comprehensive review of all responses did identify 21 suppliers whose supply chain includes a smelter or refiner in Covered Countries. Due to incomplete information provided by those suppliers (including in response to our follow-up inquiries), we cannot definitively say whether the components or parts supplied to Enerpac from these suppliers contain 3TG from these smelters or refiners. We are continuing to evaluate whether products supplied by those suppliers contain 3TG originating in the Covered Countries.
Ongoing Steps to Mitigate Risk:
We continue to evaluate our due diligence program to enhance the information available to us and better mitigate risks in our supply chain. We will continue to communicate the expectations to our suppliers that all products containing conflict minerals must be sourced from Responsible Minerals Assurance Process compliant smelters. Additionally, we will request that suppliers confirm that our products do not contain 3TG from non-compliant or high-risk smelters or that said smelters and refiners be removed from their supply chain. Where warranted, the supplier will be made aware that if it does not commit to removing a smelter or refiner, we will look for alternative sources for the product.
Independent Audit:
For the year ended December 31, 2025, pursuant to SEC rules and related guidance, an independent private sector audit of this report was not required.
Schedule A to
Conflict Minerals Report of
Enerpac Tool Group Corp.
For the Year Ended December 31, 2025
The following table identifies the smelters and refiners most frequently reported by our suppliers in response to Enerpac’s 2025 conflict minerals due diligence process and validated against information available from the RMI or other industry sources. Because many responses were provided at a company-wide level rather than at the product-specific level, Enerpac cannot determine with certainty whether all listed smelters or refiners processed 3TG contained in products supplied to Enerpac.
| | | | | | | | |
| METAL | SMELTER/ REFINER NAME | FACILITY LOCATION |
| Gold | Western Australian Mint (T/a The Perth Mint) | Australia |
| Gold | Tanaka Kikinzoku Kogyo K.K. | Japan |
| Gold | Shandong Gold Smelting Co., Ltd. | China |
| Gold | Zhongyuan Gold Smelter of Zhongjin Gold Corporation | China |
| Gold | Umicore S.A. Business Unit Precious Metals Refining | Belgium |
| Gold | Yamakin Co., Ltd. | Japan |
| Gold | ASAHI METALFINE, Inc. | Japan |
| Gold | CCR Refinery - Glencore Canada Corporation | Canada |
| Gold | Dowa | Japan |
| Gold | Asahi Refining USA Inc. | United States |
| Gold | Asahi Refining Canada Ltd. | Canada |
| Gold | KGHM Polska Miedz Spolka Akcyjna | Poland |
| Gold | Agosi AG | Germany |
| Gold | DSC (Do Sung Corporation) | Korea, Republic Of |
| Gold | Heimerle + Meule GmbH | Germany |
| Gold | Heraeus Germany GmbH Co. KG | Germany |
| Gold | JX Nippon Mining & Metals Co., Ltd. | Japan |
| Gold | Metalurgica Met-Mex Penoles S.A. De C.V. | Mexico |
| Gold | Shandong Zhaojin Gold & Silver Refinery Co., Ltd. | China |
| Gold | Solar Applied Materials Technology Corp. | Taiwan |
| Tantalum | XIMEI RESOURCES (GUANGDONG) LIMITED | China |
| Tantalum | F&X Electro-Materials Ltd. | China |
| Tantalum | Mineracao Taboca S.A. | Brazil |
| Tantalum | Jiujiang Tanbre Co., Ltd. | China |
| Tantalum | Metallurgical Products India Pvt., Ltd. | India |
| Tantalum | Mitsui Kinzoku Company, Limited | Japan |
| Tantalum | NPM Silmet AS | Estonia |
| Tantalum | Ningxia Orient Tantalum Industry Co., Ltd. | China |
| Tantalum | Yanling Jincheng Tantalum & Niobium Co., Ltd. | China |
| Tantalum | TANIOBIS Japan Co., Ltd. | Japan |
| Tantalum | Resind Industria e Comercio Ltda. | Brazil |
| Tantalum | JiuJiang JinXin Nonferrous Metals Co., Ltd. | China |
| Tantalum | AMG Brasil | Brazil |
| Tantalum | Taki Chemical Co., Ltd. | Japan |
| Tantalum | Ulba Metallurgical Plant JSC | Kazakhstan |
| Tantalum | Hengyang King Xing Lifeng New Materials Co., Ltd. | China |
| Tantalum | KEMET de Mexico | Mexico |
| Tantalum | TANIOBIS GmbH | Germany |
| Tantalum | Materion Newton Inc. | United States |
| Tantalum | Telex Metals | United States |
| | | | | | | | |
| METAL | SMELTER/ REFINER NAME | FACILITY LOCATION |
| Tantalum | D Block Metals, LLC | United States |
| Tantalum | FIR Metals & Resource Ltd. | China |
| Tantalum | Jiujiang Zhongao Tantalum & Niobium Co., Ltd. | China |
| Tantalum | Jiangxi Dinghai Tantalum & Niobium Co., Ltd. | China |
| Tantalum | TANIOBIS Smelting GmbH & Co. KG | Germany |
| Tantalum | Global Advanced Metals Boyertown | United States |
| Tantalum | Global Advanced Metals Aizu | Japan |
| Tantalum | Jiangxi Tuohong New Raw Material | China |
| Tin | Tin Smelting Branch of Yunnan Tin Co., Ltd. | China |
| Tin | China Tin Group Co., Ltd. | China |
| Tin | Alpha Assembly Solutions Inc | United States |
| Tin | PT Timah Tbk Mentok | Indonesia |
| Tin | Mineracao Taboca S.A. | Brazil |
| Tin | PT Timah Tbk Kundur | Indonesia |
| Tin | EM Vinto | Bolivia (Plurinational State Of) |
| Tin | Minsur | Peru |
| Tin | Operaciones Metalurgicas S.A. | Bolivia (Plurinational State Of) |
| Tin | Thaisarco | Thailand |
| Tin | White Solder Metalurgia e Mineracao Ltda. | Brazil |
| Tin | Aurubis Beerse | Belgium |
| Tin | Chenzhou Yunxiang Mining and Metallurgy Co., Ltd. | China |
| Tin | PT Mitra Stania Prima | Indonesia |
| Tin | Dowa | Japan |
| Tin | Estanho de Rondonia S.A. | Brazil |
| Tin | Fenix Metals | Poland |
| Tin | Mitsubishi Materials Corporation | Japan |
| Tin | Rui Da Hung | Taiwan |
| Tin | Yunnan Chengfeng Non-ferrous Metals Co., Ltd. | China |
| Tin | Aurubis Berango | Spain |
| Tin | Gejiu Non-Ferrous Metal Processing Co., Ltd. | China |
| Tin | Metallic Resources, Inc. | United States |
| Tin | Jiangxi New Nanshan Technology Ltd. | China |
| Tungsten | A.L.M.T. Corp. | Japan |
| Tungsten | Kennametal Huntsville | United States |
| Tungsten | Chongyi Zhangyuan Tungsten Co., Ltd. | China |
| Tungsten | Global Tungsten & Powders LLC | United States |
| Tungsten | Kennametal Fallon | United States |
| Tungsten | Wolfram Bergbau und Hutten AG | Austria |
| Tungsten | Ganzhou Jiangwu Ferrotungsten Co., Ltd. | China |
| Tungsten | Xiamen Tungsten (H.C.) Co., Ltd. | China |
| Tungsten | Ganzhou Seadragon W & Mo Co., Ltd. | China |
| Tungsten | Masan High-Tech Materials | Viet Nam |
| Tungsten | Guangdong Xianglu Tungsten Co., Ltd. | China |
| Tungsten | Japan New Metals Co., Ltd. | Japan |
| Tungsten | H.C. Starck Tungsten GmbH | Germany |
| Tungsten | TANIOBIS Smelting GmbH & Co. KG | Germany |
| Tungsten | Hubei Green Tungsten Co., Ltd. | China |
| Tungsten | Xiamen Tungsten Co., Ltd. | China |
| | | | | | | | |
| METAL | SMELTER/ REFINER NAME | FACILITY LOCATION |
| Tungsten | Jiangxi Yaosheng Tungsten Co., Ltd. | China |
| Tungsten | Jiangxi Xinsheng Tungsten Industry Co., Ltd. | China |
| Tungsten | Malipo Haiyu Tungsten Co., Ltd. | China |
| Tungsten | Jiangxi Gan Bei Tungsten Co., Ltd. | China |
| Tungsten | Asia Tungsten Products Vietnam Ltd. | Viet Nam |
| Tungsten | Hunan Shizhuyuan Nonferrous Metals Co., Ltd. Chenzhou Tungsten Products Branch | China |
| Tungsten | Jiangwu H.C. Starck Tungsten Products Co., Ltd. | China |
| Tungsten | Niagara Refining LLC | United States |
| Tungsten | Fujian Xinlu Tungsten Co., Ltd. | China |
| Tungsten | Jiangxi Tonggu Non-ferrous Metallurgical & Chemical Co., Ltd. | China |