Climate Change Data

Environmental Metrics

ESG Focus Areas

• Safety
• Community Relations
• Environmental Compliance

Environmental Achievements

• Completed vegetation and topsoil rescue for the plant site.
• Zero lost-time injuries for over three years.

Social Achievements

• Majority of workforce for flora relocation employed from local Bacadehuachi area.
• Continued close collaboration with Mexican authorities regarding COVID-19 response.

Governance Achievements

• Successfully negotiated inclusion of Zinnwald shares in Ganfeng cash offer.
• Fully repaid RK loan facility.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting construction and operations.
• Geopolitical uncertainty in Mexico regarding lithium nationalization.
• Financing risk (mitigated by Ganfeng investment).
• Market price volatility of lithium.
• Infrastructure development (gas pipeline, power supply).
• Attracting and retaining skilled staff.
• Environmental compliance and permitting.
• Cost of production increases due to inflation and energy prices.

Mitigation Strategies

• Secured Ganfeng as majority shareholder and JV partner.
• Successful equity raise and pre-emption rights exercise.
• Long-term offtake agreements with Ganfeng and Hanwa.
• Conservative pricing assumptions in feasibility study.
• Discussions with third-party infrastructure providers.
• Recruitment program to reduce reliance on key personnel.
• Obtained environmental and water permits.
• Discussions with long-term suppliers for key materials.

Supply Chain Management

Responsible Procurement

• Discussions with potential long-term suppliers to ensure access to long-term supply of key materials, including gas, at competitive prices.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes