Climate Change Data

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