Tincorp Metals Inc.

Climate Impact & Sustainability Data (2024-01-01 to 2024-09-30)

In August 2024, the Yukon Government determined the discounted closure cost for the Skukum Project to be $2,938,138. This amount was recorded as environmental rehabilitation liabilities.

The Company is an exploration-stage mineral company with no revenue from operations and no ongoing mining operations. The Company has experienced losses in recent periods and has a history of negative cash flows from operating activities. Current liabilities exceeded current assets by $1,954,399 as of September 30, 2024.
Significant political and social unrest in Bolivia, impacting exploration activities.
Risks associated with failing to acquire and/or maintain a "social license" to operate on its mineral properties.
Illegal, artisanal, and small-scale mining on and near some mineral concessions in Bolivia, causing disruptions and damage.
Delays in obtaining permits and governmental approvals.
Changes in market price of metals impacting economic viability of projects.
Inherent dangers in mining operations.
Dependence on equity and debt capital markets for financing.
Intense competition in the mining industry.
Dependence on certain key personnel.
Recent and current market conditions, including volatility and economic factors.
Cybersecurity risks.

Entered into an interest-free unsecured credit facility agreement with Silvercorp Metals Inc. in January 2024 for up to US$1,000,000 to fund operational needs. US$1,000,000 was advanced by September 30, 2024.
Cost-saving measures implemented in 2024 to address financial situation.
Communication and consultation with indigenous communities.
Measures undertaken to reduce illegal artisanal and small-scale mining (though no guarantee of success).
High priority placed on community relationships and responsibilities.
Maintaining insurance against operational risks (though with exclusions and limitations).
Efforts to find and retain experts for key activities.

Climate Change Data