Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Remote location with lack of infrastructure
• Native land claims, socio-economic demands, and environmental requirements

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NI 43-101

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Limited operating history, speculative nature of mineral exploration and development, operating hazards and risks, mining risks and insurance, no mineral reserves, environmental and other regulatory requirements, competition, stage of development, fluctuations in commodity prices, conflicts of interest, reliance on key individuals, no key man insurance.
• Inability to obtain required financing; demand for ferrochrome by global integrated steel producers; the impact of consolidation and rationalization in the steel industry; the grade and recovery of ore varying from estimates; delays in, or the failure to develop, the projects of the Company caused by unavailability of financing, equipment, labour or supplies, weather and climatic conditions, labour disputes or other factors; risks normally incidental to exploration and development of mineral properties; uncertainties in the interpretation of drill results; the possibility that future exploration, development or mining results will not be consistent with expectations; uncertainty of mineral resources estimates; the Company’s inability to obtain, maintain, renew and/or extend required licenses, permits, authorizations and/or approvals from the appropriate regulatory authorities and other risks relating to the applicable regulatory framework; the Company’s inability to maintain its title to its assets; capital and operating costs varying significantly from estimates; the Company’s inability to participate in , exercise options on and/or develop the Company’s property interests; inflation; changes in exchange and interest rates; adverse changes in commodity prices ; the Company’s inability to declare and/or pay a dividend on its common shares, or at all; adverse general market conditions; the Company’s inability to delineate additional mineral resources and delineate mineral reserves; operating hazards and risks, management and control; environmental risks; adverse land claims; future unforeseen liabilities

Mitigation Strategies

• Investing in highly liquid, rated financial instruments; seeking to manage its exposure by ensuring that appropriate recourse is included in agreements upon the counterparty’s failure to meet contractual obligations; actively monitors changes in the markets; managing liquidity through budgets and forecasts; adjusting spending plans; historically relying on issuances of shares to develop projects and to finance day-to-day operations; established code of conduct; established risk management policies; established risk and control framework facilitated by a small-sized and hands-on executive team.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

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

• Chromium IP: two United States provisional patent applications relating to the production of chromium iron alloys directly from chromite ore, and production of low carbon chromium iron alloys directly from chromite concentrates

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Aboriginal consultations
• Community development
• Sustainable infrastructure development

Social Achievements

• Ongoing consultations with First Nations communities to ensure mutually beneficial outcomes for infrastructure development and resource sharing.
• Proposal to vest utility corridor assets in a trust for the benefit of affected indigenous communities.

Climate Goals & Targets

Environmental Challenges

• Securing financing for exploration and development.
• Maintaining title and beneficial interest in properties through exploration expenditures.
• Obtaining necessary financing to complete exploration, development, and construction.
• Obtaining government approvals.
• Attaining profitable production.
• Potential loss of some CCC Claims due to lack of exploration assessment credits.
• Uncertainty regarding acceptance of exploration study costs for assessment credits.

Mitigation Strategies

• Seeking additional funds through equity and/or debt financings, receipt of funds from warrant and option exercises, or sale of non-core assets.
• Requesting to place some CCC Claims on hold without annual assessment credit requirements.
• Ongoing meetings with government and First Nations officials to determine mutually beneficial results.
• Exploring available funding mechanisms for transportation and utility link development.

Supply Chain Management

Climate-Related Risks & Opportunities