Joshua Gold Resources Inc. (f/k/a Bio-Carbon Systems International Inc.)
Climate Impact & Sustainability Data (2010)
Reporting Period: 2010
Environmental Metrics
Climate Goals & Targets
Short-term Goals:
- The Company plans on undertaking Stage 1 (Geology Program) in 2011.
Environmental Challenges
- The current North American regulatory and economic framework surrounding the emerging business of carbon measurement, carbon storage, carbon sequestration and carbon trading activities was not economically viable.
- The mineral exploration sector is highly competitive.
- The Company has no revenue and does not anticipate earning revenue for the foreseeable future.
- The Company must meet all environmental and mining regulations.
Mitigation Strategies
- The Company decided not to pursue the carbon business and terminated the license agreements and the consulting agreements.
- Management will initially only explore and risk funds in properties that are located in the United States or in Canada where land , lease laws are consistent and enjoy stable local, state, provincial and federal governments.
- Mineral exploration companies need to design their exploration budgets in a manner whereby they can be completed by current and reasonably expected financings.
- Management will use accredited, appropriate professionals to represent the company and obtain approvals from the regulatory authorities.