Climate Change Data

Environmental Metrics

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NI 43-101

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Positive preliminary carbon capture tests results from Beaver-Lynx property demonstrating potential for carbon capture and storage.

Social Achievements

• Engaged with local communities in Mexico; donated reusable face masks to communities.
• Hired Gustavo Allende, former Director of Industry and Mining for the State of Oaxaca, Mexico, as Head of Corporate Development – Mexico.

Governance Achievements

• Company’s Board of Directors follows recommended corporate governance guidelines for public companies to ensure transparency and accountability to shareholders.
• The Board of Director’s Audit Committee meets with management quarterly to review the consolidated financial statements and the MD&A and to discuss other financial, operating, and internal control matters.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic hindered interaction with the community in Mexico.

Mitigation Strategies

• Company officials visited the community to speak with residents about the project.
• Company donated reusable face masks to the community.

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities

• Potential for carbon capture and storage at Beaver property

Environmental Metrics

ESG Focus Areas

• Climate Change
• Carbon Capture and Storage

Environmental Achievements

• Demonstrated potential for carbon capture and storage at the Beaver critical minerals project through initial test results showing that samples contain magnesium-rich minerals that react with CO2. Up to 11% wt brucite content found in samples.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Carbon capture and storage potential

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 13 (Climate Action)

Carbon capture and storage contributes to climate change mitigation.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Positive preliminary carbon capture tests results from Beaver-Lynx property demonstrating potential for carbon dioxide sequestration and storage.

Social Achievements

• Initial communication with local residents in Mexico regarding the La Gitana project was encouraging. Donation of reusable face masks to communities in Mexico for COVID-19 protection.

Governance Achievements

• The Board of Directors follows recommended corporate governance guidelines for public companies to ensure transparency and accountability to shareholders. The Board of Director’s Audit Committee meets with management quarterly.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic hindered interaction with the community in Mexico.

Mitigation Strategies

• Company officials visited the community in Mexico to speak with residents about the project. Donation of reusable face masks to communities.

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities

• Potential for carbon capture and storage at Beaver property, creating a carbon negative mining operation and generating carbon credits.

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Positive preliminary carbon capture tests results from Beaver-Lynx property demonstrating potential for carbon neutral mining and carbon credits.

Social Achievements

• Initial communication with residents of communities near La Gitana property has been encouraging. Company officials visited the community in 2022 and donated reusable face masks in 2021.

Governance Achievements

• The Company’s Board of Directors follows recommended corporate governance guidelines for public companies to ensure transparency and accountability to shareholders. The Board of Director’s Audit Committee meets with management quarterly.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic hindered interaction with the community near La Gitana property.
• Mineral exploration involves substantial risks including commodity prices, financial markets, government policies, socio-economic conditions, and health restrictions.
• Significant probability that exploration expenditures will not result in discoveries of commercial quantities of minerals.

Mitigation Strategies

• Focused primarily on intermediate to advanced exploration stage properties where previous exploration has demonstrated positive results.
• Initial communication and community visits near La Gitana property.
• Ongoing exploration to find and determine resources.

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities

• Potential for carbon capture and storage at Beaver property, leading to carbon neutral mining and carbon credits.

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Preliminary carbon capture tests demonstrate the Beaver-Lynx project may be amenable to utilizing existing techniques for carbon dioxide capture and storage.

Social Achievements

• In 2021, the Company donated reusable face masks to the community where the La Gitana property is located, and to members of other communities, for protection against COVID-19.
• Recent communication with local authorities in Mexico has been encouraging regarding the La Gitana and Pena Blanca projects.
• Company officials visited the community in 2022 and in 2024 to speak with authorities about the project.

Governance Achievements

• The Company’s Board of Directors follows recommended corporate governance guidelines for public companies to ensure transparency and accountability to shareholders.
• The Board of Director’s Audit Committee meets with management quarterly to review the consolidated financial statements and the MD&A and to discuss other financial, operating, and internal control matters.

Climate Goals & Targets

Environmental Challenges

• Poor resource market conditions making it more difficult and expensive to finance exploration and operating activities.
• Changes in government regulations, particularly in Mexico, affecting the Company’s activities.

Mitigation Strategies

• The Company’s diverse commodity mix in two countries mitigates some risks.
• The Company is seeking a project partner to assist in the exploration and development of the Beaver-Lynx project.

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities

• carbon capture and storage potential