Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic's impact on workforce, economies, and financial markets.
• Exploration for minerals is a speculative venture involving substantial risk.
• Mining operations involve many risks, including geological operating conditions (rock bursts, cave-ins, fires, flooding, earthquakes).
• Title risks to mineral properties.
• Environmental regulations, permits, and licenses.
• Intense competition in the mining industry.
• Price volatility of public stock.
• Unfavorable economic conditions.
• Dependence on management.

Mitigation Strategies

• Budgeting exploration and administrative expenditures and closely monitoring liquidity.
• Intending to raise further financing through equity issuances, refundable tax credits, or private loans.
• Intending to fully comply with all environmental regulations.
• Following the provisions of the Business Corporations Act in dealing with conflicts of interest.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NI 43-101

Environmental Metrics

ESG Focus Areas

• ESG
• Zero-carbon future

Environmental Achievements

• Over 98% of grid electricity in British Columbia is generated from renewable resources

Social Achievements

• Strong opportunities to partner with First Nations

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

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

• The project design will also make use of electric powered conveyor systems for material movement, which will help significantly reduce the carbon emissions per unit of metal output.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Exploration for minerals is a speculative venture involving substantial risk. There is no certainty that the expenditures made by the Company will result in discoveries of commercial mineral reserves.
• Mining operations involve many risks, which even a combination of experience, knowledge and careful evaluation may not be able to overcome.
• Metal and prices are also a significant factor in the development decision for a mineral property, as a mine may not be economically feasible in a period of depressed prices.
• Factors, beyond the control of the Company may affect the marketability of any minerals discovered.
• Unfavourable economic conditions may negatively impact the Company’s financial viability as a result of increased financing costs and limited access to capital markets.

Mitigation Strategies

• The Company budgets both exploration and administrative expenditures and closely monitors its liquidity position.
• The Company intends, if possible, to raise further financing by way of equity issuances, applying for refundable tax credits, or private loans in order to meet its exploration and working capital requirements as and when needed.
• The Company intends to fully comply with all environmental regulations.

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

Climate Goals & Targets

Environmental Challenges

• Exploration for minerals is a speculative venture involving substantial risk. There is no certainty that the expenditures made by the Company will result in discoveries of commercial mineral reserves.
• Mining operations involve many risks, which even a combination of experience, knowledge and careful evaluation may not be able to overcome.
• Title Risks
• Environmental Regulations, Permits and Licences
• Competition and Agreements with Other Parties
• Price Volatility of Public Stock
• Economic Conditions
• Dependence on Management
• Conflicts of Interest

Mitigation Strategies

• The Company intends to fully comply with all environmental regulations.
• If a conflict of interest arises, the Company will follow the provisions of the Business Corporations Act (“Corporations Act”) in dealing with conflicts of interest.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NI 43-101

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Social Responsibility
• Governance

Environmental Achievements

• Focused on project design to minimize carbon footprint; access to BC grid electricity (>98% renewable); electrified material movement
• Adherence to e3 Plus Framework for environmental stewardship during mineral exploration

Social Achievements

• Up to 75% of field personnel from surrounding communities; on-the-job training; local sourcing of supplies and services; early-stage exploration agreements with local First Nations; regular engagement with First Nation stakeholders

Governance Achievements

• Experienced board with majority independent members; committees with independent directors and external advisors; conduct policies for all employees and directors; adherence to TMX Group, IIROC, and BCSC rules

Climate Goals & Targets

Supply Chain Management

Responsible Procurement

• Local sourcing where possible

Climate-Related Risks & Opportunities