Climate Change Data

Environmental Metrics

Social Achievements

• Formal consultations began in January 2008 between Canadian Arrow Mines and the First Nation communities near the project. An Exploration Agreement was created to formalize processes for employment and business opportunities for participating First Nations members and companies. A community fund was established based on the level of exploration work conducted at Kenbridge or in the area, and a Traditional Ecological Knowledge (TEK) study was completed on the project lands.

Climate Goals & Targets

Environmental Challenges

• The shaft was flooded and capped with a concrete bulkhead, requiring rehabilitation.

Mitigation Strategies

• The concrete cap will be removed and the shaft dewatered.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NI 43-101, CIM Standards on Mineral Resources and Reserves

Environmental Metrics

ESG Focus Areas

• Environmental

Environmental Achievements

• Signed an agreement with Diaz Ingenieros Consultores SAC to commence environmental work for an Exploration Permit at La Victoria Property.

Governance Achievements

• Appointed Mr. Luc Pigeon as Qualified Person (QP).

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Economic Growth
• Environmental Sustainability
• Social Responsibility
• Responsible Resource Management
• Clean Energy Transition

Environmental Achievements

• Canada has one of the lowest carbon footprints for producing a 100 kWh NMC battery pack, which is 5x lower than China and 3x lower than the U.S.

Social Achievements

• Creation of well-paying jobs in the battery industry.
• Involvement of Indigenous Peoples in decision-making about mineral resources.

Governance Achievements

• Efforts to create an enabling environment for responsible mineral exploration and mining, including improving the efficiency of regulatory processes.

Climate Goals & Targets

Environmental Challenges

• Insufficient investment in upstream production.
• Price fluctuations and low margins on battery minerals and metals projects.
• Risks associated with processing facilities.
• Increased competitive production capacity in Asia and South America.
• Lack of capital for battery metal processing demonstration projects.
• Infrastructure needs in rural, remote, and northern communities.
• Regulations affecting lead times and costs for exploration and extraction activities.
• Fragmented value chain hindering investment in upstream projects.
• Dominance of Asian manufacturers in battery component and cell manufacturing.
• Limited manufacturing of electrified vehicles in Canada and North America.
• Lack of access to scale-up capital for specialty battery manufacturers.
• Lack of available capital for grid upgrades to enable storage.
• No green standard for batteries.
• Perceptions of the relative affordability of energy storage technologies.
• Incomplete and inconsistent definitions and standards for participation on the electricity grid.
• Current domestic demand for energy storage limited investment in upstream supply chain.
• Limited access to capital for scale-up constraining growth of domestic energy storage firms.
• Difficulty competing on cost with larger international firms.
• Opacity of existing battery industry supply chains and movement of used batteries.
• Technical challenges facing battery recycling.
• Uncertainty limiting investment in greening the value chain.
• Absence of industry standards regarding labeling, post-recycling material quality, and recycling processes.
• Imposition of recycling requirements before scientific data is available.
• Rules governing the movement of recycled materials.
• Potential for fire in lithium-ion battery transportation.

Mitigation Strategies

• Continue efforts to create an enabling environment for responsible mineral exploration and mining, including funding infrastructure and improving regulatory processes.
• Explore innovations in public geoscience to help companies discover new battery metal deposits.
• Expand research into geo-environmental conditions associated with mineral deposit development.
• Improve geo-environmental research on mine wastes and drainage.
• Form partnerships to access capital from the U.S. and the European Union.
• Develop Canada’s capacity to process raw materials into high-quality inputs for battery manufacturing.
• Support financing of large-scale demonstrations of green processing technologies.
• Incentivize investment in mining and battery metal processing.
• Establish new research programs to support innovation in battery mineral processing.
• Lead global efforts to develop a green certification/labeling initiative for battery manufacturing.
• Provide government-backed loans, grants, and other financial incentives to attract investment.
• Partner with countries looking to collaborate on supply chain aspects.
• Promote Canada’s battery industry at global forums.
• Develop standards and regulations to ensure high-quality, low-carbon batteries.
• Leverage Canada’s existing automotive industry to attract new mandates involving electrification.
• Reskill autoworkers for the electrified vehicle industry.
• Support the automotive supply industry in integrating into the North American electric vehicle market.
• Commercialize and increase demand for ‘Made in Canada’ innovations in specialty battery markets.
• Support scale-up for Canadian companies in specialty battery niche markets.
• Increase demand through energy storage adoption incentives and targets.
• Work with provinces to harmonize market rules and ancillary services.
• Update codes and standards to facilitate energy storage integration.
• Develop open-source software for power sector participants to model the services/value of energy storage.
• Research and development programs to generate intellectual property for next-generation battery technologies.
• Accelerate battery recycling research.
• Undertake a comprehensive life-cycle analysis to assess environmental footprints of existing recycling technologies.
• Use convening power to help industry consortia pilot regional approaches for used batteries.
• Reduce unnecessary regulatory barriers to enable cross-border transport of batteries.

Supply Chain Management

Responsible Procurement

• Establishing a green supply of battery materials through responsible exploration, mining, and mineral processing.

Climate-Related Risks & Opportunities