InZinc Mining Ltd.
Climate Impact & Sustainability Data (2009, 2023)
Reporting Period: 2009
Environmental Metrics
Climate Goals & Targets
Short-term Goals:
- Expand higher grade resources through approximately 10,000 meters of core drilling.
Environmental Challenges
- Overall grade of the deposit is too low to be economic.
Mitigation Strategies
- Further drilling to explore for additional, relatively higher grade mineralization.
- Existing lower grade resources could be used to extend mine life after payback of development capital has been achieved.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: NI 43-101
Reporting Period: 2023
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- History of losses since inception, accumulated deficit of $15,160,837 as of December 31, 2023.
- No history of dividends and no expectation of paying dividends in the foreseeable future.
- Dilution due to reliance on the sale of securities for future financing.
- Capital and liquidity risk due to limited financial resources.
- Dependence on key personnel.
- High degree of risk in mineral exploration.
- Uncertainty in Preliminary Economic Assessments.
- Exposure to environmental liability risk.
- Exposure to commodity and equity price risk.
- Adverse effects from global economic conditions.
- Need for additional funding to complete short and long-term objectives.
- Market price of shares may not accurately reflect value.
- Potential conflicts of interest among directors and officers.
- Adverse effects from epidemics, pandemics, or other health crises.
Mitigation Strategies
- Management reviews environmental compliance and exposure on an ongoing basis and follows industry standards.
- Management places cash and cash equivalents with major Canadian financial institutions to manage credit risk.
- The Company reviews additional sources of capital and financing to manage liquidity risk.
- The Company manages equity price risk and commodity price risk through its investment strategies.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: IFRS