Silver Elephant Mining Corp.
Climate Impact & Sustainability Data (2023-01 to 2023-03)
Reporting Period: 2023-01 to 2023-03
Environmental Metrics
ESG Focus Areas
- Environmental Protection
- Community Relations
- Corporate Safety
Environmental Achievements
- Obtained environmental license for Pulacayo Project, allowing for construction of a mine and concentrator with capacities up to 560 tons per day.
- Completed Environmental Impact Evaluation Study and Environmental Base Line Audit for Pulacayo Project.
Social Achievements
- Secured social licenses for mining at the Pulacayo Project.
- Engaged with local communities in Bolivia and Mongolia.
Governance Achievements
- Established refreshed internal controls over financial reporting based on the COSO framework.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Inability to obtain financing.
- Decreases in metal prices.
- Adverse political and social changes in Bolivia and Mongolia.
- Legacy financial obligations (historical tax liability).
Mitigation Strategies
- Pursuit of equity investors and cash flow from material sales.
- Timing of project to coincide with projected higher metal prices.
- Timing of project to coincide with increased government support for mining.
- Dispute resolution for historical tax liability.
Supply Chain Management
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: NI 43-101, CIM Standards
Certifications: ISO 9001:2015, ISO/IEC 17025:2017
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed