Arras Minerals Corp.

Climate Impact & Sustainability Data (2021-02-05 to 2021-04-30)

Substantial doubt about the ability to continue as a going concern due to no revenue and accumulated net losses.
Potential operational disruptions from global outbreaks of contagious diseases (e.g., COVID-19).
Difficulty meeting current and future capital requirements for exploration expenditures.
Risks associated with being an exploration-stage mining company with no history of operations and no commercially mineable ore body.
Uncertainty in Mineral Resource estimates.
Dependence on developing and maintaining relationships with local communities and stakeholders.
High costs of compliance with laws and regulations.
Exposure to information systems and cybersecurity risks.
Reliance on key personnel.
Risks associated with option and joint venture agreements.
Potential for expansion into other geographic areas, increasing operational and regulatory risks.
Inherent risks in the mineral exploration industry, including competition and fluctuating metal prices.
Potential challenges to title to properties.
Complex environmental and regulatory risks.
Negative impacts from social and environmental activism.
Risks associated with foreign operations in Kazakhstan, including political and economic instability.
Reliance on international advisors and consultants.

Plans to pursue financing options, including equity financing.
Monitoring of expenses and overhead to ensure costs and commitments are being paid.
Compliance with applicable environmental protection legislation.
Ongoing efforts to maintain partnerships and relationships with local communities and stakeholders.
Reliance on local advisors for legal, environmental compliance, banking, financing, and tax matters in Kazakhstan.
Maintenance of insurance considered adequate, though liabilities might exceed policy limits.
Commitment to conducting operations in accordance with sound social and environmental practices (though formal policies not yet adopted).

Climate Change Data