Golden Spike Resources Corp.
Climate Impact & Sustainability Data (2021, 2021-11-30, 2022-08-31, 2024)
Reporting Period: 2021
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- The Company’s ability to continue its operations and to realize assets at their carrying values is dependent upon its ability to fund its existing acquisition and exploration commitments on its exploration and evaluation projects when they come due, which would cease to exist if the Company decides to terminate its commitments, and to cover its operating costs.
- The pandemic could continue to have a negative impact on the stock market, including trading prices of the Company’s shares and its ability to raise new capital.
Mitigation Strategies
- The Company may be able to generate working capital to fund its operations by the sale of its exploration and evaluation projects or raising additional capital through equity markets.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: IFRS
Reporting Period: 2021-11-30
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Potential economic downturn and negative impact to the Company’s project exploration activities, cash flows and liquidity due to COVID-19.
- Environmental issues and fluctuations in commodity pricing.
Mitigation Strategies
- Continued exploration work on the Camping Lake Property, subject to any COVID-19 restrictions.
- Monitoring the COVID-19 situation.
- No formal office space and no employees; management and board work remotely.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2022-08-31
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Potential economic downturn and negative impact to the Company’s project exploration activities, cash flows and liquidity due to changes in global supply and demand of certain mineral and energy products resulting from the COVID-19 outbreak.
- Difficulty raising funds in the current market conditions.
Mitigation Strategies
- Company’s day-to-day operations have not been materially affected by COVID-19. Management and the Board of Directors, along with the Company’s advisors, have continued to work remotely.
- The Company intends to continue exploration work on the Camping Lake Property, subject to any COVID-19 restrictions imposed by the provincial and federal governments.
- The Company will need to raise additional financing in order to meet general working capital requirements for the 2022 fiscal year and to continue exploration on its mineral property.