Allegiant Gold Ltd.

Climate Impact & Sustainability Data (2020, 2020-12-31, 2022)

Exploration, development and production risks (high degree of risk, no assurance of commercial quantities)
Additional Funding Requirements (need for additional financing)
Prices, Markets and Marketing of Natural Resources (fluctuations in gold prices)
Environmental Risks (compliance with environmental regulations)
Dilution (issuance of shares for financing)
Regulatory Requirements (changes in mining regulations)
Reliance on Operators and Key Employees (dependence on management)
Title Matters (potential title defects)
Enforcement of Civil Liabilities (difficulty enforcing liabilities outside Canada)
Permits and Licenses (obtaining necessary permits)
Availability of Equipment and Access Restrictions (equipment availability and access)
Conflict of Interest of Management (potential conflicts of interest)
Competition (competition for acquisitions)
Insurance (limitations on insurance coverage)
The Market Price of Shares May Be Subject to Wide Price Fluctuations
Global Financial Conditions (volatility in global financial markets)
Credit risk (risk of unexpected losses from counterparty defaults)

Maintaining close working relationships with industry partners and joint operators
Obtaining insurance in accordance with industry standards
Managing liquidity risk by maintaining sufficient cash balances
Monitoring commodity prices
Periodic review of principal risks by the Board of Directors

Frameworks Used: IFRS

Third-party Assurance: Davidson & Company LLP

The Company’s continuation as a going concern is dependent upon its ability to raise equity capital or borrowings sufficient to meet current and future obligations. If for any reason, the Company is unable to continue as a going concern, then this could result in adjustments to the amounts and classifications of assets and liabilities in the Company’s financial statements and such adjustments could be material. The above conditions cast significant doubt on the Company’s ability to continue as a going concern.

The Company’s ability to access funding is also contingent on the ongoing demand for commodities and also a function of the demand for gold, both of which are subject to macroeconomic conditions and market fluctuations.

Frameworks Used: IFRS

Exploration, development and production risks inherent in the mining industry (e.g., finding commercially viable reserves, obtaining necessary financing, geological uncertainties, environmental risks, reliance on contractors, etc.)
Additional funding requirements for acquisition, exploration, and development activities.
Fluctuations in gold prices and other commodity prices.
Dilution of existing shareholders through future share issuances.
Environmental risks and compliance with environmental regulations.
Reliance on key employees and operators.
Regulatory requirements and obtaining necessary permits and licenses.
Title matters and potential title disputes.
Competition for acquisitions and skilled personnel.
Insurance limitations and potential uninsured liabilities.
Fluctuations in the market price of shares.
Global financial conditions and their impact on financing and asset values.
Credit risk associated with financial instruments.

Management will continue to evaluate prospects on an ongoing basis in a manner consistent with industry standards.
The Company has been successful in its fundraising efforts in the past, but there can be no assurance that the Company will continue to be successful in the future.
The Company closely monitors commodity prices to determine the appropriate course of action to be taken.
The Company may raise funds through the issue of shares or securities convertible into shares.
The Company believes it is in substantial compliance with all material laws and regulations which currently apply to its activities.
The Company will obtain insurance in accordance with industry standards to address such risks.
The Company actively competes for acquisitions, leases, licenses, concessions, claims, skilled industry personnel and other related interests with a substantial number of other companies.