Climate Change Data

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Met with different stakeholders in the Oka region to obtain additional support for the project.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Awaiting receipt of a Certificate of Authorization (CA) from the MDDELCC to exploit the Oka mine project.
• Mining lease on the Oka Property set to expire in 2020.
• MRC assessing whether lands in its region could be considered incompatible with mining activities.
• Authorization for non-agricultural use of specific parcels in the area of the Mining Lease will expire on June 26, 2022.
• Need to secure new equity and debt financing.
• Potential impediment to the sale of the old St-Lawrence Columbium mine site due to planned rehabilitation work.

Mitigation Strategies

• Meeting with stakeholders and government officials to obtain support for the CA.
• Negotiating with debenture holders to renew or convert the debenture.
• Maintaining mineral rights by securing mining claims on the Oka Property if the lease expires.
• Exploring and evaluating mineral properties and projects.
• Maintaining sufficient cash and cash equivalents and ensuring sufficient financing sources.
• Careful selection of experienced consultants and advisors.

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

• Environmental
• Social
• Governance

Environmental Achievements

• Minimize transportation between mining site and concentration site to one truck per day
• Energy efficiency mindset for all mine and processing equipment
• Create a safe underground mine using modern technology to increase safety of workforce and reduced carbon emissions

Social Achievements

• Hiring of an experienced Project Leader to lead efforts to obtain social acceptability and the required certificates of authorization
• Creating social awareness
• Get support from communication expert
• Get help from lobbyist
• Promote green mining technologies
• Hiring of a communication firm to properly communicate and work collaboratively with locals

Governance Achievements

• Promote collaboration with the Industry, the Customers and Community engagement in Environmental, Sustainability, Social and Governance best practices
• Radon monitoring

Climate Goals & Targets

Environmental Challenges

• Only Missing Part: Social Acceptability to move forward with the project development and certificate of authorization process

Mitigation Strategies

• Hiring of an experienced Project Leader to lead efforts to obtain social acceptability and the required certificates of authorization
• Creating social awareness
• Get support from communication expert
• Get help from lobbyist
• Promote green mining technologies
• Hiring of a communication firm to properly communicate and work collaboratively with locals

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Sustainable Development Goals –United Nations, Sustainability Accounting Standards Board

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Implementing green mining concepts that considers crushing and sorting underneath surface
• Noiseless enclosures and minimal footprint
• Reduced impact scenario on agricultural and municipal water resources

Social Achievements

• Reinforced engagement with native communities, and stakeholders to inform the development of Nio’s project and create shared value
• Working directly with the Canadian and Quebec governments regarding advancing various initiatives under way in order to increase awareness and social review.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Awaiting receipt of a Certificate of Authorization (CA) from the MDDELCC to exploit its Oka mine project.
• Need to secure new equity and debt financing to realize the Oka Project and pursue exploration/development of other properties.
• Risks related to general economic conditions, interest rate fluctuations, key personnel, loan default, market prices, exchange rates, politico-social conflicts, competition and regulatory approvals.
• Potential impediment to the sale of the old St-Lawrence Columbium mine site due to rehabilitation work planned by the MENR.

Mitigation Strategies

• Continuing meetings with potential ferro-niobium and REE end-users or business partners
• Maintaining sufficient cash and cash equivalents and ensuring sufficient financing sources such as private placements.
• Establishing cash budgets to ensure sufficient funds to fulfill obligations.
• Carefully choosing experienced consultants and advisors in environment, mining engineering and law.

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