Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• The Group has a small carbon footprint in the UK as most of the directors’ work from home or in shared office space. As a result, the energy usage in the UK is below 40,000KWH and therefore Greenhouse gas emissions, energy consumption and energy efficiency disclosures have not been provided in the Annual Report.
• The Group continuously engages in measures related to environmental improvements and will begin to develop a rehabilitation plan in the next year.

Social Achievements

• Established an employee benefit trust called the Metals One Employee Benefit Trust (“EBT”) to implement the use of the Long-Term Incentive Plan (LTIP). The EBT will be a discretionary trust for the benefit of directors, employees and consultants of the Group and its subsidiaries
• The Group fully endorses the aims of the Modern Slavery Act 2015 and takes a zero-tolerance approach to slavery and human trafficking within the Group and supply chain.

Governance Achievements

• The Board is committed to maintaining appropriate standards of corporate governance. As at year end 31 December 2023, the Group was a listed company on the AIM segment of the London Stock Exchange and is mandated to comply with the requirements of the 2018 UK Corporate Governance Code (“the Code”) as issued by the Financial Reporting Council.
• Adopted the QCA Code so far as is practicable given the Group’s size and nature.

Climate Goals & Targets

Environmental Challenges

• Commercialisation of projects and revenue generation
• Price fluctuations in the value of the underlying commodity
• Environmental risk
• Key staff risk
• Capital and funding risk

Mitigation Strategies

• Diversifying into different ore types such as Copper and Zinc
• Investment in high-quality low-cost assets
• Obtained environment clearance for the first phase of its project’s in terms of the regulations in place
• Engaging with various third-party service providers
• Raised gross proceeds of £895,000 through a placing and subscription of 89,500,000 new ordinary shares

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Developing relationships with key suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: QCA Code

Certifications: Null

Third-party Assurance: PKF Littlejohn LLP

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental responsibility
• Social responsibility
• Governance

Environmental Achievements

• Became a member of the Finnish Sustainable Mining Network in Sept 2023
• Utilizing modern technologies for safer mining; limiting or eliminating emissions; leaving as small a footprint as possible
• Carefully managing wastewater

Social Achievements

• Supporting communities through local employment and fair wages

Governance Achievements

• Experienced non-executive directors to oversee governance, with sustainability expert Sara Minchin to advise on ESG strategy

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities