Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Community Engagement
• Innovation
• Maintaining Social License
• Developing Market for Clean Salt
• Minimizing Impact

Environmental Achievements

• Achieved Environmental Assessment approval in 52 days
• Projected GHG emissions per Mt ore significantly lower than other evaporites and base metal/gold mining operations (a fraction, according to BWB Consulting)

Social Achievements

• Held over 20 engagements with communities in 2023
• Zero significant disputes with local communities or First Nations groups
• Developed robust occupational health and safety policy with no reported incidents in 2023

Governance Achievements

• Intention to apply the TCFD framework to assess and manage climate-related risks and opportunities

Climate Goals & Targets

Environmental Challenges

• Potential risks associated with illegal labor in the supply chain

Mitigation Strategies

• Performing initial due diligence to mitigate forced labor risks and designing policies and practices to prevent it during construction and operation phases

Supply Chain Management

Responsible Procurement

• Compliance with Canada’s Fighting Against Forced Labour and Child Labour in Supply Chains Act

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: TCFD (intended for future use)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Sustainability

Environmental Achievements

• The mine and its machinery and equipment will be powered by green electricity. Stantec reports the Great Atlantic Salt Project will establish a new “benchmark in sustainability for underground mines globally.”

Social Achievements

• The project will create a large number of high paying, year-round jobs. People will move to the region for these jobs, and many will bring spouses and children who can eventually fill other needed roles in the local workforce.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Southwestern Newfoundland’s economy has struggled in recent years and is facing a number of headwinds including an aging workforce.
• The southwestern Newfoundland economy has struggled in recent years with the decline in the forest products sector and other industries.

Mitigation Strategies

• The Great Atlantic Salt Project will play an important role in revitalizing the economy and boosting the demographic prospects of the region.
• The project will boost household spending by millions of dollars each year supporting hundreds of businesses in the area from grocery stores and restaurants to retail shops and hair stylists.

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