Avaron Mining Corp.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Limited operating history
- Uncertain liquidity and capital resources
- Going concern and requirement to generate cash flow for financial obligations
- COVID-19 impacts on operations and global markets
- Ukraine-Russia conflict's indirect economic impacts
- Mineral exploration risks (discovery, development, and commercial viability)
- Fluctuations in metal prices
- Global financial conditions
- Title risk
- Community group concerns
- Land use approvals and permits
- Exploration and development risks
- Environmental laws and regulations
- Volatility of mineral prices
- Infrastructure limitations
- Climate change impacts
- Claims and legal proceedings
- Force majeure events
- Uncertainty of use of proceeds
- Influence of third-party stakeholders
- Uninsurable risks
- Competition
- Management risks
- Purchase agreement obligations
- Conflicts of interest
- Risks associated with acquisitions
- Reporting issuer status
Mitigation Strategies
- Concurrent financing to fund operations and exploration
- Following all rules, guidelines, and restrictions implemented by governmental authorities regarding COVID-19
- Thorough title investigation of the Property
- Focus on operating in a manner designed to minimize the environmental impacts of its activities
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Floods, droughts, forest and brush fires and extreme storms
Transition Risks
- Increased environmental regulation and/or the use of fiscal policy by regulators in response to concerns over climate change