Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Fluctuation of Metal Prices
• Share Price Volatility
• Financing Risks
• Insufficient Financial Resources
• Increased costs
• Mining Industry is Intensely Competitive
• Permits and Licenses
• Government Regulation
• Environmental Restrictions
• Foreign Countries and Political Risk
• Dependence Upon Others and Key Personnel
• Surface Rights and Access
• Title Matters
• Exploration and Mining Risks
• Regulatory Requirements
• Limited Experience with Development-Stage Mining Operations
• Uncertainty of Resource Estimates/Reserves
• No Assurance of Profitability
• Uninsured or Uninsurable Risks
• Enforcement of Civil Liabilities

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Governance Achievements

• The board’s audit committee meets with management quarterly to review the condensed interim financial statements including the MD&A and to discuss other financial, operating and internal control matters.

Climate Goals & Targets

Environmental Challenges

• The Company has no source of revenue, income or cash flow. It is wholly dependent upon raising funds through the sale of its common shares to finance its business operations.
• These conditions are material uncertainties that cast significant doubt about the Company’s ability to continue as a going concern.

Mitigation Strategies

• The Company may also seek to raise additional funds through public or private equity funding, bank debt financing or from other sources to support ongoing property development.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Implementation of a fuel bladder system at its Thorn Project that resulted in 28 fewer flights (5,560km) and eliminated the need for 564 45-gallon drums, saving $191,580.
• Implementation of a second fuel bladder system and basing a plane at the Atlin Airstrip resulted in 99 fewer flights during 2023 (19,657km) and eliminated the need for 1365 45-gallon drums, saving $472,840.

Social Achievements

• First Nations employees, contractors, and management accounted for 10.35% of the seasonal workforce in 2022 and 22.14% in 2023.
• Female-identifying employees, contractors, and management accounted for 20.69% of the seasonal and full-time workforce in 2022 and 23.66% in 2023.
• 11.42% of Brixton Metals contracts were with First Nation joint ventures or direct partnerships in 2022 and 26.66% in 2023.

Governance Achievements

• Initiated an internal Environmental, Social and Governance (“ESG”) review to collect ESG information and data, identify risks, review existing risk mitigation plans, and analyze potential gaps and opportunities.
• Commits to develop an ESG strategy that aligns with early-stage mineral exploration, establish consistent and controlled ESG policies, and engage all stakeholders to pursue a sustainable growth profile.

Climate Goals & Targets

Environmental Challenges

• Insufficient Financial Resources
• Share Price Volatility
• Financing Risks
• Increased costs
• Intense Competition in Mining Industry
• Obtaining Permits and Licenses
• Government Regulation
• Environmental Restrictions
• Political Risk (Foreign Countries)
• Dependence Upon Others and Key Personnel
• Surface Rights and Access
• Title Matters
• Exploration and Mining Risks
• Regulatory Requirements
• Limited Experience with Development-Stage Mining Operations
• Uncertainty of Resource Estimates/Reserves
• No Assurance of Profitability
• Uninsured or Uninsurable Risks
• Enforcement of Civil Liabilities
• Passive Foreign Investment Company (PFIC) status under US tax code
• COVID-19 impact
• Geopolitical Conflict impact

Mitigation Strategies

• Seeking additional capital through public or private equity funding, bank debt financing, or other sources.
• Closely monitoring commodity prices and the stock market to determine appropriate courses of action.
• Implementing fuel bladder systems to reduce fuel spills and costs.
• Engaging with First Nations communities.
• Developing an ESG strategy.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Implementation of a fuel bladder system at its Thorn Project that resulted in 28 fewer flights (5,560km) and eliminated the need for 564 45-gallon drums, reducing fuel spill potential and saving $191,580 in flight and metal drum costs.

Social Achievements

• First Nations employees, contractors, and management accounted for 10.35% of the seasonal workforce.
• Female-identifying employees, contractors, and management accounted for 20.69% of the seasonal and full-time workforce.
• 11.42% of Brixton Metals contracts are with First Nation joint ventures or direct partnerships.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Covid-19 pandemic impacts on workforce, economies, and financial markets.
• War in Ukraine creating supply chain issues, market instability, and inflation.
• Resource exploration and development risks, including unprofitable efforts and market fluctuations.
• Fluctuation of metal prices.
• Share price volatility.
• Financing risks and insufficient financial resources.
• Increased costs.
• Intense competition in the mining industry.
• Permitting and licensing challenges.
• Government regulation and environmental restrictions.
• Political risks in operating countries.
• Dependence on key personnel and outside suppliers.
• Surface rights and access issues.
• Title matters and potential defects.
• Exploration and mining risks (fires, floods, etc.).
• Regulatory requirements and compliance costs.
• Limited experience with development-stage mining operations.
• Uncertainty of resource estimates and reserves.
• No assurance of profitability.
• Uninsured or uninsurable risks.
• Enforcement of civil liabilities.

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: 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

• Environmental
• Social
• Governance

Environmental Achievements

• Implementation of a fuel bladder system at its Thorn Project that resulted in 28 fewer flights (5,560km) and eliminated the need for 564 45-gallon drums, saving $191,580.
• Implementation of a second fuel bladder system and basing a plane at the Atlin Airstrip resulted in 99 fewer flights during 2023 (19,657km) and eliminated the need for 1365 45-gallon drums, saving $472,840.

Social Achievements

• First Nations employees, contractors, and management accounted for 10.35% of the seasonal workforce in 2022 and 22.14% in 2023.
• Female-identifying employees, contractors, and management accounted for 20.69% of the seasonal and full-time workforce in 2022 and 23.66% in 2023.
• 11.42% of Brixton Metals contracts were with First Nation joint ventures or direct partnerships in 2022 and 26.66% in 2023.

Governance Achievements

• Initiated an internal Environmental, Social and Governance (“ESG”) review in 2022 to collect ESG information and data, identify risks, review existing risk mitigation plans, and analyze potential gaps and opportunities.
• Commits to develop an ESG strategy that aligns with early-stage mineral exploration, establish consistent and controlled ESG policies, and engage all stakeholders to pursue a sustainable growth profile.

Climate Goals & Targets

Environmental Challenges

• Insufficient Financial Resources
• Share Price Volatility
• Financing Risks
• Increased costs
• Intense Competition in Mining Industry
• Securing Permits and Licenses
• Government Regulation
• Environmental Restrictions
• Political Risk (Foreign Countries)
• Dependence Upon Others and Key Personnel
• Surface Rights and Access
• Title Matters
• Exploration and Mining Risks
• Regulatory Requirements
• Limited Experience with Development-Stage Mining Operations
• Uncertainty of Resource Estimates/Reserves
• No Assurance of Profitability
• Uninsured or Uninsurable Risks
• Enforcement of Civil Liabilities
• Passive Foreign Investment Company (PFIC) status under US tax code
• COVID-19 impact
• Geopolitical Conflict impact

Mitigation Strategies

• Seeking additional capital through public or private equity funding, bank debt financing, or other sources.
• Monitoring commodity prices and stock market to determine appropriate course of action.
• Implementing fuel bladder systems to reduce fuel spills and costs.
• Engaging with First Nations communities.
• Developing an ESG strategy.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Implementation of a fuel bladder system at its Thorn Project that resulted in 28 fewer flights (5,560km) and eliminated the need for 564 45-gallon drums, saving $191,580.
• Implementation of a second fuel bladder system and basing a plane at the Atlin Airstrip resulted in 99 fewer flights during 2023 (19,657km) and eliminated the need for 1365 45-gallon drums, saving $472,840.

Social Achievements

• First Nations employees, contractors, and management accounted for 10.35% of the seasonal workforce in 2022 and 22.14% in 2023.
• Female-identifying employees, contractors, and management accounted for 20.69% of the seasonal and full-time workforce in 2022 and 23.66% in 2023.
• 11.42% of Brixton Metals contracts were with First Nation joint ventures or direct partnerships in 2022 and 26.66% in 2023.

Governance Achievements

• Initiated an internal Environmental, Social and Governance (“ESG”) review in 2022 to collect ESG information and data, identify risks, review existing risk mitigation plans, and analyze potential gaps and opportunities.
• Commits to develop an ESG strategy that aligns with early-stage mineral exploration, establish consistent and controlled ESG policies, and engage all stakeholders to pursue a sustainable growth profile.

Climate Goals & Targets

Environmental Challenges

• The Company is in the business of acquiring, exploring and, if warranted, developing and exploiting natural resource properties, currently in British Columbia. Due to the nature of the Company’s proposed business and the present stage of exploration of its mineral properties (which are primarily early-stage exploration properties with no known resources or reserves), the following risk factors, among others, may apply: Resource Exploration and Development is Generally a Speculative Business
• Fluctuation of Metal Prices
• Share Price Volatility
• Financing Risks
• Insufficient Financial Resources
• Dilution to the Company’s existing shareholders
• Increased costs
• Mining Industry is Intensely Competitive
• Permits and Licenses
• Government Regulation
• Environmental Restrictions
• Foreign Countries and Political Risk
• Dependence Upon Others and Key Personnel
• Surface Rights and Access
• Title Matters
• Exploration and Mining Risks
• Regulatory Requirements
• Limited Experience with Development-Stage Mining Operations
• Uncertainty of Resource Estimates/Reserves
• No Assurance of Profitability
• Uninsured or Uninsurable Risks
• Enforcement of Civil Liabilities
• Covid-19
• Geopolitical Conflict

Mitigation Strategies

• The Company expects to obtain financing in the future primarily through further equity and/or debt financing.
• The Company’s approach to managing liquidity risk is to ensure that it will have sufficient liquidity to meet its liabilities as they fall due.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Implementation of a fuel bladder system at the Thorn Project, resulting in 28 fewer flights (5,560km) and eliminating the need for 564 45-gallon drums, saving $191,580.
• Implementation of a second fuel bladder system and basing a plane at the Atlin Airstrip, resulting in 99 fewer flights during 2023 (19,657km) and eliminating the need for 1365 45-gallon drums, saving $472,840.

Social Achievements

• First Nations employees, contractors, and management accounted for 10.35% of the seasonal workforce in 2022 and 22.14% in 2023.
• Female-identifying employees, contractors, and management accounted for 20.69% of the seasonal and full-time workforce in 2022 and 23.66% in 2023.
• 11.42% of Brixton Metals contracts in 2022 and 26.66% in 2023 are with First Nation joint ventures or direct partnerships.

Governance Achievements

• Initiated an internal ESG review in 2022 to collect ESG information and data, identify risks, review existing risk mitigation plans, and analyze potential gaps and opportunities.
• Commits to developing an ESG strategy aligned with early-stage mineral exploration, establishing consistent ESG policies, and engaging stakeholders for sustainable growth.

Climate Goals & Targets

Environmental Challenges

• The Company is in the business of acquiring, exploring and, if warranted, developing and exploiting natural resource properties, currently in British Columbia. Due to the nature of the Company’s proposed business and the present stage of exploration of its mineral properties (which are primarily early-stage exploration properties with no known resources or reserves), the following risk factors, among others, may apply: Resource Exploration and Development is Generally a Speculative Business
• Fluctuation of Metal Prices
• Share Price Volatility
• Financing Risks
• Insufficient Financial Resources
• Dilution to the Company’s existing shareholders
• Increased costs
• Mining Industry is Intensely Competitive
• Permits and Licenses
• Government Regulation
• Environmental Restrictions
• Foreign Countries and Political Risk
• Dependence Upon Others and Key Personnel
• Surface Rights and Access
• Title Matters
• Exploration and Mining Risks
• Regulatory Requirements
• Limited Experience with Development-Stage Mining Operations
• Uncertainty of Resource Estimates/Reserves
• No Assurance of Profitability
• Uninsured or Uninsurable Risks
• Enforcement of Civil Liabilities
• Covid-19
• Geopolitical Conflict

Mitigation Strategies

• The Company may seek to raise additional funds through public or private equity funding, bank debt financing or from other sources to support ongoing property development.
• The Company expects to obtain financing in the future primarily through further equity and/or debt financing.
• The Company closely monitors commodity prices of gold and other precious and base metals, individual equity movements, and the stock market to determine the appropriate course of action to be taken by the Company.

Supply Chain Management

Climate-Related Risks & Opportunities