Climate Change Data

Environmental Metrics

ESG Focus Areas

• People
• Environment
• Health & Safety
• Communities

Environmental Achievements

• 31,000 fewer plastic bottles/year
• 2,600 fewer plastic bags/year
• 4000-6000 kg of recyclable material/year diverted from the landfill
• 90% of water extracted from freshwater sources reused or recycled
• 83% of energy currently used at the Troilus site comes from renewable sources
• Revegetation of the tailings facility with native plants

Social Achievements

• 39% of full-time employees, 30% of senior management and the Chair of the Board of Directors were female in 2020
• Partnership with the Cree Nation of Mistissini, including a Pre-Development Agreement (PDA)
• Local suppliers made up 62% of total procurement spending in 2020
• Sponsorship of various community events (Chibougamau United Way golf tournament, Mistissini Sports & Recreation programming, Chibougamau PeeWee hockey tournament, Big Rock Fishing Derby)
• Collaboration with Western University on a research program providing internships for students

Governance Achievements

• Obtained UL 2723: ECOLOGO Certification for Responsible Development for Mineral Exploration Companies in August 2020
• Implementation of Corporate Governance policies including Code of Business Conduct and Ethics, Corporate Disclosure, Confidentiality and Insider Trading Policy, Anti-Bribery and Anti-Corruption Policies, and Whistleblower Policy

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic requiring site closure and implementation of enhanced safety measures
• Tailings management and rehabilitation

Mitigation Strategies

• Site closure for 7 weeks at the outset of the pandemic, followed by reopening with enhanced safety measures (physical distancing, increased hygiene, PPE)
• Revegetation and water treatment at the tailings facility

Supply Chain Management

Responsible Procurement

• Prioritization of local suppliers and contractors

Climate-Related Risks & Opportunities

Opportunities

• Minimizing carbon footprint through use of hydroelectric energy

Awards & Recognition

• AEMQ’s Excellence in Sustainable Development Award 2020

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance
• Health & Safety
• Community Relations

Environmental Achievements

• Obtained ECOLOGO Certification for Responsible Development of Mineral Exploration Companies
• Developed first ESG scorecard and published first Annual Sustainability Report
• Committed to minimizing carbon footprint using renewable energy

Social Achievements

• Developed and implemented a Sustainability Policy focusing on People, Environment, Health & Safety, and Communities
• Worked with local communities and First Nations to set the stage for permitting process
• Expanded communications reach through new outreach programs and platforms
• Maintained a safe workplace during the COVID-19 pandemic

Governance Achievements

• Upgraded to OTCQX, the top market tier on the OTC platform in the US
• Secured $42.5 million bought deal financing and $11.5 million strategic investment from Investissement Québec & FTQ

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting operations and stakeholder engagement
• Meeting investors and stakeholders in person due to pandemic restrictions

Mitigation Strategies

• Employees worked from home where possible
• Diligent screening and physical measures at site kept field staff safe
• Maintained active marketing calendar using virtual conferences and creative outreach platforms

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Climate Change
• Health & Safety
• Environment
• Communities
• People
• Diversity & Inclusion
• Governance

Environmental Achievements

• Reduced hazardous waste to less than 1,000 kg, representing 7.8% of total waste.
• Recycled 27.42% of non-hazardous waste (excluding batteries and metals).
• Successfully completed a geochemistry study demonstrating no significant acid generation from waste rocks.
• Implemented water recycling and reuse strategies, reducing freshwater withdrawals.

Social Achievements

• Maintained a low employee turnover rate of 3%.
• Achieved over 40% female representation in the workforce and senior management.
• Built a Cree Cultural Pavilion at the Troilus site in collaboration with the Cree Nation of Mistissini.
• Launched a pilot project to redistribute surplus food to improve community food security.
• Contributed C$3.6M in wages within Quebec.

Governance Achievements

• Updated Sustainable Development Policy.
• Introduced a Supplier Code of Conduct.
• Successfully conducted public consultations in Chibougamau, Chapais, and Mistissini.
• All employees participated in anti-corruption training.

Climate Goals & Targets

Environmental Challenges

• Six-week site shutdown due to forest fires in June 2023, resulting in increased Scope 1 GHG emissions from reliance on diesel generators.

Mitigation Strategies

• Developed emergency preparedness plans.
• Exploring alternative energy sources (wind, solar) to supplement hydroelectric power and reduce reliance on the grid.
• Engaged Tugliq Energy Corp. to create a roadmap towards carbon neutrality.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Forest fires
• Extreme weather events

Transition Risks

• Not disclosed

Opportunities

• Development of alternative energy solutions.

Reporting Standards

Frameworks Used: UN Sustainable Development Goals (SDGs), United Nations Global Compact (UNGC)

Certifications: UL 2723: ECOLOGO Certification for Responsible Development for Mineral Exploration Companies

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

The report highlights contributions to various SDGs throughout.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed