Copper Standard Resources Inc.
Climate Impact & Sustainability Data (2023, 2024, 2024-01-01 to 2024-09-30, 2024-03, 2024-09, April 2024, December 2023, January 2024, July 2024, March 2024, May 2024)
Reporting Period: 2023
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- The Company incurred a loss of $1,284,298 for the year ended December 31, 2023 and is expected to incur operating losses for the foreseeable future. The ability to continue as a going concern is dependent upon the ability to obtain financing and generate positive cash flows from its operations.
Mitigation Strategies
- The Company's ability to continue as a going concern is dependent upon the ability of the Company to obtain financing and generate positive cash flows from its operations.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2024
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Community Relations
- Education
- Employment
- Environmental Stewardship
Environmental Achievements
- Not disclosed
Social Achievements
- Provide supplies for primary & secondary schools; Support teacher's salaries; Improve existing harvesting and sawmill practices; Training for community leadership; Assist in establishing self-governing practices for better function between bordering communities; Improve physical school buildings; Vet medicine; Breeding improvement through genetics; Improving seeding & harvesting practices; Exploration program; Building drill road access, platforms; Drilling activities
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Political uncertainties and relative instability of developing financial markets and economies in Peru; Lack of fully developed legal, judicial, regulatory or settlement infrastructures in Peru; Significant political change in Peru affecting government policy, including regulation of the mining industry; Potential for instability, economic hardship, public unrest, or popular dissatisfaction with reform, political or diplomatic developments, social, ethnic, or religious instability or changes in government policies; Risks of confiscatory taxation, exchange controls, compulsory reacquisition, nationalization or expropriation of foreign-owned assets without adequate compensation; Potential for reversal of current policies, backlash against foreign investment, and turn away from a market-oriented economy
Mitigation Strategies
- Community agreements in place allowing for 5-years of exploration runway; Excellent community relations
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
Reporting Period: 2024-01-01 to 2024-09-30
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- The Company is an exploration stage mining company which incurred a loss of $474,147 for the nine months ended September 30, 2024, and as at September 30, 2024 had an accumulated deficit of $3,315,141. Copper Standard is expected to incur operating losses for the foreseeable future. Copper Standard’s ability to continue as a going concern is dependent upon the ability of the Company to obtain financing and generate positive cash flows from its operations.
Mitigation Strategies
- The Company’s ability to continue as a going concern is dependent upon the ability of the Company to obtain financing and generate positive cash flows from its operations.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: IFRS
Reporting Period: 2024-03
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Copper Standard is an exploration stage mining company which incurred a loss of $269,440 for the three months ended March 31, 2024, and as at March 31, 2024 had an accumulated deficit of $3,110,434. Copper Standard is expected to incur operating losses for the foreseeable future. Copper Standard’s ability to continue as a going concern is dependent upon the ability of the Company to obtain financing and generate positive cash flows from its operations.
Mitigation Strategies
- The Company’s ability to continue as a going concern is dependent upon the ability of the Company to obtain financing and generate positive cash flows from its operations.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2024-09
Environmental Metrics
Governance Achievements
- Appointment of Matt Fargey as Chief Executive Officer on July 8, 2024.
Climate Goals & Targets
Environmental Challenges
- Raising additional capital to fulfill commitments.
- Currency risk through assets and liabilities denominated in US dollars and Peruvian nuevo soles.
- Market risk related to changes in the fair value of Pucara investments.
- Risks associated with mineral exploration and development (including global outbreaks, international operations, relationships with local communities, geopolitical risk, permitting, anti-mining sentiment, and compliance with laws and regulations).
- Land title risk, surface rights and access risk, fraud and corruption, ethics and business practices.
- Environmental risks and hazards, and changes in climate conditions.
Mitigation Strategies
- May need to raise additional capital through further rounds of equity financing, or other alternatives.
- Company holds cash and cash equivalents in bank accounts with highly rated financial institutions, minimizing credit risk.
- Company manages liquidity risk by ensuring sufficient liquidity to meet liabilities when due.
- Company invests excess cash in highly liquid short-term interest-bearing investments.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: April 2024
Environmental Metrics
ESG Focus Areas
- Community Relations
- Social Programs
Social Achievements
- Community relations excellent, community agreements are in place allowing for 5-years of exploration runway.
- Providing Employment: Exploration program, Building drill road access, platforms, Drilling activities.
- Community Improvements: Training for community leadership, Assist in establishing self-governing practices for better function between bordering communities, Improve physical school buildings.
- Livestock & Agricultural: Vet medicine, Breeding improvement through genetics, Improving seeding & harvesting practices.
- Education: Provide supplies for primary & secondary schools, Support teacher's salaries
Climate Goals & Targets
Short-term Goals:
- Phase 1 Q1 ’24. to include: 5,000 m of core drilling; IP surveys to assist in drill targeting at the Daylight Zone, the Montura Zone and other target areas; Metallurgical studies; Rock, channel, and soil sampling programs; Property wide geologic mapping; and Expanded magnetics and IP to identify new additional targets.
Environmental Challenges
- Political uncertainties and the relative instability of the developing financial markets and economies in Peru.
- Peru is undergoing significant political change and this may affect government policy, including the regulation of the mining industry in Peru, as well as trade, financial markets and foreign and domestic investment.
Mitigation Strategies
- Community agreements are in place allowing for 5-years of exploration runway.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: December 2023
Environmental Metrics
Social Achievements
- Community relations excellent, community agreements are in place allowing for 5-years of exploration runway.
Climate Goals & Targets
Short-term Goals:
- Phase 1 Q1 ‘24. to include: 5,000 m of core drilling; IP surveys to assist in drill targeting at the Daylight Zone, the Montura Zone and other target areas; Metallurgical studies; Rock, channel, and soil sampling programs; Property wide geologic mapping; and Expanded magnetics and IP to identify new additional targets.
Environmental Challenges
- Risks of investing in securities linked to emerging market countries are magnified because of political uncertainties and the relative instability of the developing financial markets and economies.
- Peru, where the Colpayoc Property is located, is undergoing significant political change and this may affect government policy, including the regulation of the mining industry in Peru, as well as trade, financial markets and foreign and domestic investment.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: January 2024
Environmental Metrics
Social Achievements
- Community relations excellent, community agreements are in place allowing for 5-years of exploration runway.
Climate Goals & Targets
Short-term Goals:
- Phase 1 Q1 ’24. to include: 5,000 m of core drilling; IP surveys to assist in drill targeting at the Daylight Zone, the Montura Zone and other target areas; Metallurgical studies; Rock, channel, and soil sampling programs; Property wide geologic mapping; and Expanded magnetics and IP to identify new additional targets.
Environmental Challenges
- Risks of investing in securities linked to emerging market countries are magnified because of political uncertainties and the relative instability of the developing financial markets and economies.
- Peru, where the Colpayoc Property is located, is undergoing significant political change and this may affect government policy, including the regulation of the mining industry in Peru, as well as trade, financial markets and foreign and domestic investment.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: July 2024
Environmental Metrics
ESG Focus Areas
- Community Relations
- Social Programs
Social Achievements
- Community relations excellent, community agreements are in place allowing for 5-years of exploration runway.
- Providing Employment: Exploration program, Building drill road access, platforms, Drilling activities.
- Community Improvements: Training for community leadership, Assist in establishing self-governing practices for better function between bordering communities, Improve physical school buildings.
- Livestock & Agricultural: Vet medicine, Breeding improvement through genetics, Improving seeding & harvesting practices.
- Education: Provide supplies for primary & secondary schools, Support teacher's salaries
Climate Goals & Targets
Short-term Goals:
- Phase 1 Q1 ’24. to include: 5,000 m of core drilling; IP surveys to assist in drill targeting at the Daylight Zone, the Montura Zone and other target areas; Metallurgical studies; Rock, channel, and soil sampling programs; Property wide geologic mapping; and Expanded magnetics and IP to identify new additional targets.
Environmental Challenges
- Political uncertainties and the relative instability of the developing financial markets and economies in Peru.
- Peru is undergoing significant political change and this may affect government policy, including the regulation of the mining industry in Peru, as well as trade, financial markets and foreign and domestic investment.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: March 2024
Environmental Metrics
ESG Focus Areas
- Community Relations
- Social Programs
Social Achievements
- Community relations excellent, community agreements are in place allowing for 5-years of exploration runway.
- Providing Employment: Exploration program, Building drill road access, platforms, Drilling activities.
- Community Improvements: Training for community leadership, Assist in establishing self-governing practices for better function between bordering communities, Improve physical school buildings.
- Livestock & Agricultural: Vet medicine, Breeding improvement through genetics, Improving seeding & harvesting practices.
- Education: Provide supplies for primary & secondary schools, Support teacher's salaries
Climate Goals & Targets
Short-term Goals:
- Phase 1 Q1 ’24. to include: 5,000 m of core drilling; IP surveys to assist in drill targeting at the Daylight Zone, the Montura Zone and other target areas; Metallurgical studies; Rock, channel, and soil sampling programs; Property wide geologic mapping; and Expanded magnetics and IP to identify new additional targets.
Environmental Challenges
- Political uncertainties and the relative instability of the developing financial markets and economies in Peru.
- Peru is undergoing significant political change and this may affect government policy, including the regulation of the mining industry in Peru, as well as trade, financial markets and foreign and domestic investment.
Mitigation Strategies
- Community agreements are in place allowing for 5-years of exploration runway.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: May 2024
Environmental Metrics
ESG Focus Areas
- Community Relations
- Social Programs
Social Achievements
- Community relations excellent, community agreements are in place allowing for 5-years of exploration runway.
- Providing Employment: Exploration program, Building drill road access, platforms, Drilling activities.
- Community Improvements: Training for community leadership, Assist in establishing self-governing practices for better function between bordering communities, Improve physical school buildings.
- Livestock & Agricultural: Vet medicine, Breeding improvement through genetics, Improving seeding & harvesting practices.
- Education: Provide supplies for primary & secondary schools, Support teacher's salaries, Forestry; improve existing harvesting and sawmill practices.
Climate Goals & Targets
Environmental Challenges
- Political uncertainties and the relative instability of the developing financial markets and economies in Peru.
- Peru is undergoing significant political change and this may affect government policy, including the regulation of the mining industry in Peru, as well as trade, financial markets and foreign and domestic investment.
Mitigation Strategies
- Community agreements are in place allowing for 5-years of exploration runway.