Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Climate Goals & Targets

Environmental Challenges

• Potential environmental impacts from mining activities (air, water, land)
• Potential social and economic impacts on local communities and First Nations

Mitigation Strategies

• Implementation of Environmental Management Plans (EMPs)
• Consultation with First Nations and stakeholders
• Mitigation measures to reduce environmental impacts
• Plans for decommissioning and reclamation

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Climate Goals & Targets

Environmental Challenges

• Potential for acid rock drainage (ARD)
• Potential impacts on water quality
• Potential impacts on fish and wildlife habitat
• Potential impacts on cultural heritage resources

Mitigation Strategies

• ML/ARD prediction and prevention program
• Water management plan
• Fish and fish habitat management plan
• Archaeological and heritage site management plan
• Environmental management plans (EMPs)

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Years of science-based study determined the Morrison Copper/Gold Project could be constructed, operated, and decommissioned without significant adverse effects on the local environment.
• Received a mining lease for the Morrison mine project.

Social Achievements

• PBM preferred to hire local workers and use local suppliers during exploration and intends to continue this practice during construction and operation of the mine.
• Held its Annual General Meeting with 100 shareholders represented.

Governance Achievements

• All nominated directors were re-elected to the board, and all resolutions passed with more than 95% of the voting "for" the resolutions.

Climate Goals & Targets

Environmental Challenges

• Obtaining necessary permits and licenses due to ongoing environmental assessment and First Nations consultation.
• Addressing concerns raised by the Lake Babine Nation regarding the Morrison project.
• Misinformation disseminated and accepted during the environmental assessment process.

Mitigation Strategies

• Submitted revised Supplemental Application Information Requirements (SAIR) to address concerns raised by the Environmental Assessment Office.
• Engaged in consultation with First Nations and government agencies.
• Prepared corporate presentations and videos to correct misinformation.
• Sent letters to government officials to address the issues faced.

Supply Chain Management

Responsible Procurement

• Intention to use local suppliers

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Years of science-based study determined that the Morrison Copper/Gold Project could be constructed, operated, and decommissioned without significant adverse effects on the local environment.
• Committed to constructing and operating the Morrison mine in compliance with industry best practices, using proven technology and in full compliance with all permit requirements.

Social Achievements

• Intention to hire local workers and use local suppliers during construction and operation.
• Engagement with Lake Babine Nation and other First Nations

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Obtaining necessary permits and licenses for the Morrison Copper/Gold Project due to ongoing concerns about the effects of the project on local salmon populations and water quality in Morrison Lake, and opposition from First Nations.
• Misinformation disseminated and accepted during the environmental assessment process.
• Inaccurate statement that Morrison Lake is located at the headwaters of the Skeena River.

Mitigation Strategies

• Extensive baseline data collection and studies to support the environmental assessment application.
• Multiple revisions and responses to concerns raised by the Environmental Assessment Office (EAO), First Nations, and other stakeholders.
• Legal challenges to decisions made by the Ministers.
• Continued engagement with the EAO and First Nations to address concerns and provide additional information.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Intention to use local suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Climate Goals & Targets

Environmental Challenges

• Obtaining an Environmental Assessment Certificate (EAC) for the Morrison Copper/Gold Project due to various reasons, including disagreements about project location and impacts on local salmon populations and water quality.
• Addressing concerns of First Nations regarding the project's environmental impact.

Mitigation Strategies

• Extensive baseline data collection and multiple submissions to the Environmental Assessment Office (EAO).
• Legal challenges to decisions that refused the EAC.
• Engagement with First Nations and other stakeholders.
• Commitment to using best available practices and proven technology to minimize environmental impact.
• Investigating ways to improve the project in relation to perceived environmental impact and consulting with technical experts.

Supply Chain Management

Responsible Procurement

• Intention to use local suppliers during construction and operation.

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Social Achievements

• Attempted to engage with the Lake Babine Nation (LBN) to address their concerns and seek their support for the Morrison Copper/Gold Project. Proposed modifications to the project design to mitigate environmental impacts and incorporate LBN input.

Climate Goals & Targets

Environmental Challenges

• Lack of cooperation from the Lake Babine Nation (LBN) regarding the Morrison Copper/Gold Project. The LBN's opposition to the project, stemming from past conflicts and concerns about environmental and cultural impacts, has stalled the project's progress and prevented the issuance of an Environmental Assessment Certificate (EAC).

Mitigation Strategies

• Repeated attempts to engage with the LBN through letters, emails, and open letters in local newspapers. Proposed modifications to the project design to address LBN concerns. Consideration of legal avenues to address the lack of cooperation. Proposed formation of an independent steering committee to address water-related issues and gain LBN trust.

Supply Chain Management

Climate-Related Risks & Opportunities