Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• EIA conducted by ASEC Namibia and state approved
• Adherence to relevant United Nations SDG
• Ongoing environmental and social impact assessment
• Guaranteeing low emittance of radioactivity
• Securing localized dust management measures

Social Achievements

• Community support, including social studies and relief measures
• Support of regional community and social services
• Delivering regional industrial development potential
• Offering sustainable work contracts for the national population
• Conducting training programs and educational support
• Sponsoring personal development programs

Governance Achievements

• Committed to highest standards of environmental, social & corporate governance
• Follow installed Corporate Codes, Policies, Charts, Guidelines
• Own Sustainability Advisory Board with ESG experts installed
• Adherence to Project Readiness Standard (by project due diligence)
• Work with European REIA, as member of ESG Board
• Contribute to Lifecycle analysis (LCA)

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: UN SDG

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Community engagement
• Renewable technologies

Environmental Achievements

• Low thorium and uranium content at Eureka reduces permitting, processing and infrastructure challenges.

Social Achievements

• Strong local and governmental support for the Eureka project.
• Partnership with the Saskatchewan Research Council to develop a process for cracking and separation of the REE mineral concentrate.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• China may make an unforeseen policy change, which could impact supply and/or pricing of rare earths.
• Rare earth oxide (“REO”) demand may vary from expectations.
• Inflation may increase capital and/or operating costs.
• Unforeseen challenges may arise in the processing of ore or concentrate from Eureka.
• Changes in the size of the mineral resource at Eureka could vary from expectations.
• Potential for permitting and regulatory challenges.
• Financing will be required, at some point, to continue exploration and to fund development.

Mitigation Strategies

• Partnership with Saskatchewan Research Council to develop a process for cracking and separation of the REE mineral concentrate.
• Focus on ESG best principles in engagement with the local community.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Sustainability
• Health & Safety
• Community Support
• Environmental Care
• Responsible sourcing

Environmental Achievements

• Installation of a Reverse Osmosis (RO) plant providing clean drinking water to the Eureka community, removing 99.9% of contaminants.
• Investigation of sustainable surgical mining methods aiming for 50% cost reduction, 95% less water usage, and 98% waste reduction (figures by Novamera).

Social Achievements

• Installation of Reverse Osmosis (RO) plant providing clean drinking water to the community.
• Employment of local Namibian workforce.
• Community engagement and support.

Governance Achievements

• Board includes members with expertise in ESG best practices and responsible sourcing.
• Commitment to transparency and best practice in exploration and development.

Climate Goals & Targets

Environmental Challenges

• Securing financing for exploration and development.
• Managing environmental impacts of mining operations.
• Maintaining community relations and social license to operate.

Mitigation Strategies

• Exploration of alternative, sustainable mining methods (Novamera technology).
• Implementation of community engagement initiatives (RO plant).
• Focus on responsible environmental practices and transparency.

Supply Chain Management

Responsible Procurement

• Focus on local Namibian suppliers where possible.

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

• SDG 6 (Clean Water and Sanitation)
• SDG 7 (Affordable and Clean Energy)
• SDG 8 (Decent Work and Economic Growth)
• SDG 9 (Industry, Innovation and Infrastructure)
• SDG 12 (Responsible Consumption and Production)
• SDG 13 (Climate Action)

The company's initiatives contribute to these goals through sustainable mining practices, community development, and responsible sourcing of rare earth elements.