Canadian Manganese Company Inc.
Climate Impact & Sustainability Data (2020, 2022)
Reporting Period: 2020
Environmental Metrics
Climate Goals & Targets
Medium-term Goals:
- Preparation of a Pre-Feasibility Study based on the updated mineral resource estimate from Phase I and further optimized metallurgical and mine planning studies
Short-term Goals:
- Infill drilling at a 50 m section spacing to upgrade Inferred Mineral Resources to the Indicated and Measured mineral resource categories.
- Geotechnical assessment of the deposit area to establish data required for future open pit design programs.
- Baseline environmental permitting and community consultation studies to expedite transition of the project to the PFS stage of evaluation.
- Initial drilling assessment of the North and South Hartford prospects to determine their potential to provide future mineral resources.
Environmental Challenges
- Metal price fluctuations
- Potential regulatory challenges with respect to future environmental permitting of any future operating site
- Identification of unforeseen geotechnical issues that may affect mine development
- Inconsistency between actual bedrock tonnages and metal grades with respect to the mineral resource estimate and its supporting model
- Successful development of a cost-effective processing flow-sheet for MSM and HPMSM
Mitigation Strategies
- Ongoing monitoring and management of risks
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: NI 43-101
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environmental responsibility
- Sustainable manganese production
Environmental Achievements
- The fundamental properties of the ores found in the Woodstock Project may provide significant improvements to the carbon footprint of manganese processed for the battery sector.
Social Achievements
- Completed on-site feasibility level baseline environmental work at Plymouth during the summer, which will be a component of an Environmental Impact Statement.
- Regular stakeholder engagement, both at the provincial and local Woodstock community level.
Governance Achievements
- Enhanced its Board and management team throughout the year.
- Appointed David Alward as Vice President, New Brunswick to lead and facilitate the Company’s engagement within the province.
Climate Goals & Targets
Short-term Goals:
- Upgrading the Plymouth resource estimate to a feasibility level Reserve category and establishing a preliminary resource at North Hartford in the Measured and Indicated category.
Environmental Challenges
- Failure to Obtain Additional Funding
- Exploration, Development and Operating Risk
- No Assurance of Production
- Fluctuating Mineral Prices
- Factors beyond the Company’s Control
- Environmental Risks and Hazards
Mitigation Strategies
- Analyzing logistics, transportation costs, permitting considerations and various government programs to subsidize capital and operating costs.
- Proactive and continuous stakeholder communication to provide an awareness of potential impacts, underpins the Company’s approach to all initiatives and activities.