Wescan Goldfields Inc.
Climate Impact & Sustainability Data (2019, 2023)
Reporting Period: 2019
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- The Company currently has no ongoing source of revenue and is dependent upon the issuance of new equity to finance its ongoing obligations and to advance its exploration properties.
- Failure to obtain additional financing could result in delay or indefinite postponement of further exploration and development of its projects with the possible loss of such properties.
Mitigation Strategies
- The Company has assessed that the existing working capital is sufficient to fund the minimum expenditures the Company must incur to sustain its operations through 2020.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: IFRS
Third-party Assurance: KPMG LLP
Reporting Period: 2023
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Insufficient funds to meet obligations and advance exploration properties.
- Need for additional equity financing to continue operations.
- Risks related to obtaining permits from governmental authorities.
- Capital-intensive nature of precious metals exploration and development.
- Uncertainty of exploration success and profitability.
Mitigation Strategies
- Private placements to raise funds.
- Submission of work programs to maintain listing status.
- Utilization of qualified individuals and consultants to ensure compliance and effective exploration procedures.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: IFRS
Third-party Assurance: KPMG LLP