Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• The Company is a recently formed entity with no operating results.
• The Company lacks an operating history.
• The success of the Company’s business strategy is dependent on its ability to identify sufficient suitable acquisition opportunities.
• Significant competition for acquisition opportunities.
• COVID-19 pandemic may disrupt operations.
• Due diligence may not reveal all relevant considerations or liabilities.
• Acquiring less than full control of a target company may limit decision-making authority.
• Inability to obtain additional funding to complete an acquisition or fund operations.
• Adverse tax, regulatory, or other consequences from an acquisition.
• Inability to hire or retain personnel.
• Restrictions on offering Ordinary Shares as consideration for an Acquisition in certain jurisdictions.
• Dependence on income from acquired business.
• Concentration of business risk in a single company or asset.
• Foreign investment and exchange risks.
• Risks particular to countries of operation.
• Fluctuations in commodity prices.
• Currency exchange rate fluctuations.
• Inflation and other cost increases.
• Safety, health, and environmental exposures.
• Greenhouse gas emission regulations.
• Inaccurate assessment of recoverable reserves.
• Inability to discover new reserves or develop projects.
• Regulatory, environmental, and social approval delays.
• Inability to acquire or renew exploration rights.
• Natural disasters.
• Inadequate infrastructure services.
• Managing relationships with communities and governments.
• Capital-intensive and uncertain exploration and production activities.
• Offshore operations risks.
• Changes in tax law and practice.
• Inability to make tax-efficient returns.

Mitigation Strategies

• The Company will seek to evaluate the risks inherent in a particular target company or business or asset(s).
• The Company intends to conduct such due diligence as it deems reasonably practicable and appropriate.
• The Company intends to acquire a controlling interest in a single target company or business or asset(s).
• The Company may issue Ordinary Shares (and/or cash) as consideration for an Acquisition.
• The Company will evaluate the personnel of the acquired company or business or asset(s).
• The Company may offer Ordinary Shares or other securities as part of the consideration.
• The Company intends to maintain adequate insurance.
• The Company intends to structure itself to maximize returns for Shareholders in as fiscally efficient a manner as is practicable.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Climate Change

Governance Achievements

• Appointment of Price Bailey LLP as statutory auditor

Climate Goals & Targets

Environmental Challenges

• Lack of operating history and revenue generation.
• Dependence on successful acquisition for future growth.
• Risks associated with operating in politically and economically unstable regions.
• Fluctuations in commodity prices.
• Potential difficulties in securing additional funding.
• Physical risks from extreme weather events.
• Transition risks from regulatory changes or market shifts.

Mitigation Strategies

• Proactive steps to minimize expenditure and maximize financial resources.
• Risk management framework including identification, assessment, mitigation strategies, and monitoring.
• Intention to conduct thorough due diligence on potential acquisition targets.
• Seeking to acquire companies with strong fundamentals and growth drivers in stable regions.
• Intention to utilize the experience and expertise of the Directors.

Supply Chain Management

Supplier Audits: Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Damage to assets from extreme weather events

Transition Risks

• Changes in regulation or market conditions

Opportunities

• Acquisitions involving exploration and production of metals and minerals essential to a low-carbon economy