Climate Change Data

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Insufficient Capital
• Limited Operating History and Negative Operating Cash Flow
• Fluctuating Mineral Prices
• Price Volatility of Publicly Traded Securities
• Shortages of Critical parts, Equipment and Skilled Labour
• Conflicts of Interest
• Risks Relating to our Shares, market Price of Shares and Volatility
• Personnel
• Reliance on Third Parties
• COVID-19 Pandemic
• Governmental and Environmental Regulations, Permits and Licenses
• Environmental Hazards
• Competition
• Claims and Legal Proceedings

Mitigation Strategies

• The Company will require additional funds which may be obtained either by the sale of equity capital or by entering into an option or joint venture agreement with a third party providing such funding.
• The Company manages its capital structure to maximize its financial flexibility making adjustments to it in response to changes in economic conditions and the risk characteristics of the underlying assets and business opportunities.
• The Company and its directors will attempt to minimize such conflicts.
• In appropriate cases, the Company will establish a special committee of independent directors to review a matter in which several directors, or management, may have a conflict.
• We carry liability insurance coverage and mitigate risks that can be reasonably estimated.
• The Company will continue to seek capital.
• The Company will be required to secure other personnel to facilitate its exploration program on the Project.
• Efforts to slow the spread of COVID-19 could severely impact the Company’s operations.
• The Company will attempt to clear title and obtain legal opinions commensurate to the intended level of expenditures required on areas that show promise.

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

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Shortages of critical parts, equipment, and skilled labor due to increased worldwide demand.
• COVID-19 pandemic potentially affecting workforce, economies, and financial markets.
• Uninsurable risks such as environmental hazards, industrial accidents, and geological formations.
• Governmental and environmental regulations, permits, and licenses.
• Competition with companies with greater financial resources and technical facilities.
• Potential for claims or legal proceedings.
• Volatility in the market price of shares.

Mitigation Strategies

• Liability insurance coverage and risk mitigation for reasonably estimable risks.
• Efforts to attract and retain qualified personnel and consultants.
• Taking reasonable steps to ensure proper title to properties.
• Attempting to minimize conflicts of interest.
• Managing liquidity risk by forecasting cash flows and reviewing planned expenditures.

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

• Clean Nickel™ production
• Carbon Capture & Storage (CCS)
• Bioleaching

Environmental Achievements

• Development of an integrated carbon capture and storage process to earn carbon credits alongside Clean Nickel™ production.
• Bioleaching process with zero carbon emissions showing >90% Ni and Co extraction in 7 days.

Social Achievements

• Extensive outreach to local First Nations to secure drilling permits.
• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Requires additional external financings to fund operations.
• Negative operating cash flow.
• Fluctuating mineral prices.
• Risks related to exploration and development (geological uncertainties, permitting, etc.).
• Competition in the mining industry.
• Governmental and environmental regulations.
• Environmental hazards.
• Shortages of critical parts, equipment, and skilled labor.

Mitigation Strategies

• Securing government funding (OJEP, CMIF, NRC IRAP).
• Private placement financings.
• Active management of liquidity risk by forecasting cash flows.
• Liability insurance coverage.
• Mitigation of reasonably estimable risks.
• Efforts to attract and retain qualified personnel.
• Taking reasonable steps to ensure proper title to properties.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products (implied by Clean Nickel™ strategy)

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 13 (Climate Action)

Bioleaching and CCS initiatives contribute to clean energy and climate action.

Sustainable Products & Innovation

• Clean Nickel™

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• low-carbon nickel production
• bioleaching
• Carbon Capture & Storage (CCS)

Environmental Achievements

• Advancing bioleaching, a zero-carbon emissions process for nickel extraction.
• Developing an integrated carbon capture and storage process to earn carbon credits alongside nickel production.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Securing necessary financing to fund operations and commitments.
• The inherent risks and uncertainties of mineral exploration, including the possibility of not discovering commercially viable mineral deposits.
• Fluctuating mineral prices and their impact on the economic viability of exploration projects.
• Volatility in the market price of publicly traded securities.
• Competition in the mining industry.
• Governmental and environmental regulations, permits, and licenses.
• Environmental hazards and potential liabilities.
• Shortages of critical parts, equipment, and skilled labor.
• Conflicts of interest among directors.

Mitigation Strategies

• Actively seeking additional external financing through equity, debt, or other means.
• Careful management of liquidity risk through cash flow forecasting and expenditure review.
• Taking reasonable steps to ensure proper title to properties.
• Carrying liability insurance coverage and mitigating reasonably estimable risks.
• Establishing a special committee of independent directors to review matters where conflicts of interest may arise.
• Compliance with applicable laws, regulations, and permitting requirements.

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