Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Instability in market prices of metals
• Fluctuations in interest rates and foreign currency exchange rates
• Poorly estimated reserves
• Environmental risks (more stringent regulations)
• Unexpected geological situations
• Adverse mining conditions
• Political risks from mining in developing countries
• Changes in government regulations and policies
• Failure to obtain necessary permits and approvals from government authorities
• Risks associated with operation and development

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Adopted a Code of Conduct and Business Ethics and ensuring compliance
• Began the process to obtain the UL ECOLOGO® Certification for Mineral Exploration Companies

Social Achievements

• Addressing diversity: women now make up 25% of the Board of Directors and visible minorities, 12.5%
• Committed to moving forward using environmental, social and economic best practices
• Spent over $60M in exploration work over a two-year period and look forward to making meaningful long-term contributions to the local communities and all stakeholders

Governance Achievements

• Established a clear position description for the Lead Director
• Created an Environmental, Social and Governance (ESG) Committee to assist it on overall ESG issues and ensure strong, value-creating governance practices

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Obtained UL ECOLOGO® Certification for Mineral Exploration Companies in September 2022. Uses notice and access to deliver meeting materials, reducing printing and mailing costs and energy consumption.

Social Achievements

• Maintained excellent relations with the community of Normetal and other stakeholders.
• Received the Exploration Company of the Year Award at the 2022 International Mines and Money Congress in London.

Governance Achievements

• Adopted a formal written Code of Ethics and Business Conduct in March 2022.
• Created an Environment, Social & Governance Committee in March 2023.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Exploration Company of the Year Award

Environmental Metrics

ESG Focus Areas

• Environment & Sustainability
• Social Capital and contribution
• General Corporate Governance matters

Environmental Achievements

• Notice and access reduces printing and mailing costs and is more environmentally friendly as it uses less materials and energy consumption.
• The Government of Quebec has elected to harvest much of the salvageable wood on the property. In doing so, they have built more than 40 km of logging roads on the Perron property, providing the company with unprecedent road access to the property package, making exploration easier and more cost effective.

Social Achievements

• Maintained excellent relations with the community of Normetal and other stakeholders.
• Completed the UL2723 ECOLOGO® certification process for Mining Exploration Companies, which promotes better work environments and employee motivation, strategic planning and risk management.

Governance Achievements

• Continuous review of corporate governance practices.
• Modernized by-laws and aligned corporate governance policies and procedures more closely with those of leading Canadian public companies governed by the QBCA.
• Established an Environment, Social & Governance Committee (the “ESG Committee”) in March 2023

Climate Goals & Targets

Environmental Challenges

• From June 5th to July 11th, 2023 Amex had to suspend exploration activities at the Perron project in accordance with a directive from the Ministry of Natural Resources and Forests (Quebec), which had banned forest access due to forest fires.

Mitigation Strategies

• In July, Amex was able to resume its exploration program. No damage or losses were incurred by Amex as a result of the fires around the town of Normétal.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Exploration Company of the Year Award at the 2022 International Mines and Money Congress in London