Climate Change Data

Environmental Metrics

Social Achievements

• Preliminary consultations with the Ktunaxa First Nation have been positive.

Climate Goals & Targets

Environmental Challenges

• Completion of the permitting process, including engagement with the Ktunaxa First Nation.
• Re-survey of the 2020-2021 collar locations.

Mitigation Strategies

• Completion of a Preliminary Economic Assessment (PEA).
• Continue upgrades to the surface infrastructure in support of initial milling of the surface stockpile of mineralized material.
• Rehabilitate the current mill which has a capacity of 700tpd and process the current stockpile of approximately 180,000 tonnes.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: CIM Definition Standards (CIM, 2014), CIM Estimation of Mineral Resources & Mineral Reserves Best Practice Guidelines (2019 CIM Best Practice Guidelines)

Environmental Metrics

Environmental Achievements

• Bull River Mine Project designated as non-reviewable under the Environmental Assessment Act (2018).
• Engaged Stantec Consulting Ltd. to design a new Tailings Storage Facility (TSF) using filtered tailings (dry stack tailings) technology.

Social Achievements

• Entered into a Capacity Funding Agreement with the Ktunaxa Nation Council for information sharing, engagement, and accommodation regarding the Bull River Mine Project.
• Committed to contributing $60,000 annually to the Mishkeegogamang Community Fund.

Climate Goals & Targets

Environmental Challenges

• Securing adequate capital for exploration, development, and operations.
• Intense competition in the mining industry.
• Potential challenges to title to properties.
• Evolving environmental regulations.
• Potential for dilution to existing shareholders through equity financing.
• Uninsured or uninsurable liabilities.
• Impact of the COVID-19 pandemic on operations and financing.
• Significant doubt as to the appropriateness of the going concern presumption.

Mitigation Strategies

• Seeking additional equity financing or loans.
• Regular monitoring of cash flows and holding adequate cash reserves.
• Thorough investigation of titles and claims.
• Working with regulatory agencies to comply with environmental regulations.
• Careful management of equity financing to minimize dilution.
• Assessment of insurance needs and risk management.
• Monitoring the impact of the COVID-19 pandemic and adapting operations as needed.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• ESG stewardship

Environmental Achievements

• Dry stack tailings identified as preferred tailings deposition technology for new Tailings Storage Facility (TSF) at Bull River Mine; positive ore sorting study on BRM stockpile material showing 61% of material accepted as mineralized and 39% rejected as waste; reduction in the volume of fine tailings created through the milling process and the overall volume of material transported to the tailings storage facility, a reduction in power consumption particularly in the grinding circuit and a lower overall environmental impact.

Social Achievements

• Appointment of Chris Stewart as Director, bringing over 30 years of experience in mining industry including ESG stewardship; engagement with Ktunaxa Nation Council

Governance Achievements

• Appointment of Chris Stewart as independent director with extensive experience in ESG; Board of Directors has overall responsibility for the establishment and oversight of the Company’s risk management framework.

Climate Goals & Targets

Environmental Challenges

• Securing adequate capital for exploration, development and operational risks inherent in the mining industry; global economic and gold price volatility; risks associated with exploration for and the development and operation of mineral properties; intense competition in the mining industry; challenges in obtaining required government permits; environmental regulations and potential changes; potential for dilution to existing shareholders; uninsured or uninsurable liabilities; commodity price risk; risks related to the Company's goal of creating shareholder value by concentrating on the acquisition and development of properties that have the potential to contain economic mineral deposits; management’s assessment of future plans for its property interests; management’s economic outlook regarding future trends; CCMI’s expected exploration budget and ability to meet its working capital needs at the current level in the short term; expectations with respect to raising capital; management’s proposed undertaking to attempt to renegotiate certain of its option agreements.

Mitigation Strategies

• Equity financing and related party loans; sale of stockpiled ore; prospective lenders; ongoing monitoring of cash flows and holding adequate cash and cash equivalents; budgeting and forecasting; risk management policies and systems reviewed regularly; Board of Directors oversight of risk management framework; Company's training and management standards and procedures aim to develop a disciplined and constructive control environment.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Environmental Metrics

Environmental Achievements

• Completed a detailed engineered tailings disposal plan, surface and groundwater baseline monitoring programs, and a fisheries and aquatic study in support of permit applications for the Bull River Mine. Identified filtered tailings (dry stack tailings) as the preferred tailings deposition technology for the new TSF at Bull River Mine.

Social Achievements

• Engaged with the Ktunaxa Nation Council regarding the Bull River Mine restart. In connection with the Exploration Memorandum of Understanding with the Mishkeegogamang First Nation, the Company has committed to contribute $60,000 annually to the Mishkeegogamang Community Fund.

Governance Achievements

• The Audit Committee reviews unaudited interim and audited annual consolidated financial statements before submission to the Board of Directors.

Climate Goals & Targets

Environmental Challenges

• Securing adequate capital for exploration, development, and operational risks inherent in the mining industry. Obtaining necessary government permits for the Bull River Mine restart. Competition in the mining industry. Potential challenges to title of properties. Environmental regulations and potential changes. Potential for dilution to existing shareholders due to future equity financing. Uninsured or uninsurable liabilities. Commodity price risk. Impact of the COVID-19 pandemic.

Mitigation Strategies

• Seeking equity financing and prospective lenders to fund capital development and exploration. Working closely with British Columbia Ministry of Environment and Climate Change Strategy and the Ministry of Energy, Mines and Low Carbon Innovation on permit applications. Investigating options for the sale of stockpiled material at Bull River Mine to generate revenue. Ongoing monitoring of risks and adherence to limits through the Board of Directors and risk management policies.

Supply Chain Management

Climate-Related Risks & Opportunities