Climate Change Data

U3O8 Corp.

Climate Impact & Sustainability Data (2020, 2021 to 2022-04, 2022-01 to 2022-06)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Not disclosed

Environmental Achievements

  • Not disclosed

Social Achievements

  • Not disclosed

Governance Achievements

  • Appointed two new Board members, Ms. Helen Molesworth and Dr. Scott Morrison.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • High capital cost estimate for the Berlin Project, making it difficult to advance.
  • Sustained bear market in uranium, making it difficult to attract capital for uranium projects.
  • Impairment of the Laguna Salada Project.
  • Working capital deficit.
  • Delisted from TSX and listed on NEX.
  • Inability to raise funds on acceptable terms.
  • Risk that some or all property holdings may lapse or title may become uncertain.
Mitigation Strategies
  • Testing membrane technology to lower capital and operating costs of the Berlin Project.
  • Entered into an option agreement to sell the Laguna Salada Project.
  • Arranged an unsecured line of credit.
  • Pursuing strategic partnerships and investment options.
  • Closed a private placement of $1,000,000.
  • Ongoing cost containment initiatives.

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

Reporting Period: 2021 to 2022-04

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Not disclosed

Environmental Achievements

  • Not disclosed

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Complete Phase 2 work program (C$980,000) including bulk sample processing, contingent on Phase 1 success.
Short-term Goals:
  • Complete Phase 1 work program (C$975,000) including metallurgical testing and community engagement.

Environmental Challenges

  • High rainfall and seismically active location pose risks to tailings facility stability.
  • Need for trained personnel and development of support services in the area.
Mitigation Strategies
  • Option A process flow sheet minimizes tailings volume through paste backfill.
  • Plan to locate tailings facility in a drier, more stable area.
  • Training and investment planned for local businesses.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Investigation of local sources for acetic and sulfuric acid.

Climate-Related Risks & Opportunities

Physical Risks
  • High rainfall
Transition Risks
  • Not disclosed
Opportunities
  • Potential for renewable energy sourcing (La Miel hydroelectric dam).

Reporting Standards

Frameworks Used: NI 43-101

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Potential for ferro-phosphate production.

Awards & Recognition

  • Not disclosed

Reporting Period: 2022-01 to 2022-06

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Not disclosed

Environmental Achievements

  • Not disclosed

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Advance the Berlin Project towards production.
Medium-term Goals:
  • Complete a pre-feasibility study on the Berlin Project.
  • Achieve an IRR in excess of 20% for the Berlin Project.
Short-term Goals:
  • Complete step 2 and 3 of the membrane technology testing program.
  • Re-engage exploration on the Berlin Project.

Environmental Challenges

  • High capital cost estimate for the Berlin Project, declining uranium market, difficulty attracting capital.
  • COVID-19 related country-wide shutdowns in Argentina and Colombia curtailed potential for significant fieldwork.
  • Unrest in Colombia near national elections potentially limiting access to the Berlin Project.
  • Colombian authorities assessed undercharged title fees, resulting in a debt of approximately US$600,000.
  • Colombian tax authorities levied a “wealth” tax of approximately US$1 million.
Mitigation Strategies
  • Optimizing the economics of the Berlin Project by increasing revenue relative to operating costs and capital expenditures.
  • Testing membrane technology to reduce capital and operating expenditures.
  • Pursuing strategic partnerships and investment options to secure funding.
  • Negotiating with the Colombian government regarding the US$1M debt.
  • Securing additional financing through private placements and debt settlements.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Berlin's commodity mix is well-aligned with the pivot towards clean energy.

Reporting Standards

Frameworks Used: IFRS, NI 43-101

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Potential for ferro-phosphate production for LFP batteries.

Awards & Recognition

  • Not disclosed