Torq Resources Inc.

Climate Impact & Sustainability Data (2023)

Committed to meeting all applicable environmental legislation, regulations, permit and license requirements, and to continuously improving its environmental performance and practices.
Embraces safe, socially and environmentally responsible and sustainable work practices during all activities.
Seeks to utilize innovative technologies and techniques to reduce its environmental footprint across its projects.

Signed a 7-year social access agreement with the Colla Community near the Santa Cecilia project, including payment commitments for direct community support and monetary contributions totaling approximately US$100,000 per year.
Agreement included a sliding scale participation in any future sale price of the project, ranging from a minimum of US$200,000 to a maximum of 2% of the project sale price.
Seeks to create mutually beneficial and long-term partnerships with the communities and contributes to local projects such as health, welfare and education.
Seeks opportunities to maximize employment and procurement for local communities through the provision of suitable training opportunities and resources.
Engages in open and transparent dialogue with governments, communities, Indigenous peoples, organizations and individuals on the basis of respect, fairness and meaningful consultation and participation.

Adheres to Canadian and Chilean laws.
Has a Code of Business Conduct and Ethics that specifically references the Corruption of Foreign Public Officials Act (Canada).

Securing funding on terms which do not involve heavy equity dilution.
Exploration activities may not be successful.
Commodity price fluctuations.
Obtaining necessary licenses and permits on acceptable terms and in a timely manner.
Compliance with environmental laws and regulations.
Political and economic risks in Chile.
Relationships with local communities and Indigenous organizations.
Climate change impacts.
Pandemics and other catastrophes.
Competition in the mineral exploration industry.
Integrating and managing acquisitions.
Potential defects in title.
Reliance on contractors and experts.
Legal and litigation risks.
Inadequate insurance coverage.
Cybersecurity risks.
Social media risks.

Implemented cash preservation measures including pay cuts for executives, salary deferrals, and reductions in non-essential employees and contractors.
Consolidating Vancouver office operations into remote working and relocation to Santiago offices.
Dropped option on Andrea project to prioritize capital allocation to Margarita and Santa Cecilia projects.
Engaging technical experts and developing contingency plans.
Maintaining liability and property insurance.
Implementing safety and environmental measures to comply with government regulations.
Engaging meaningfully with Indigenous and local communities.
Developing a community access agreement.
Maintaining partnerships and relationships with local communities.
Evaluating acquisition opportunities carefully.
Investigating property rights thoroughly.
Implementing internal controls over financial reporting and disclosure controls and procedures.
Investing resources to comply with evolving laws, regulations, and standards.

Climate Change Data