PATRIOT GOLD CORP.
Climate Impact & Sustainability Data (2014, 2022)
Reporting Period: 2014
Environmental Metrics
Environmental Challenges
- Inability to obtain funding to achieve business strategy.
- Potential conflicts of interest due to directors' involvement in other companies.
- Speculative nature of exploration and development, leading to high risk of failure.
- Early stage of business operations with high risk of failure.
- Unique difficulties and uncertainties inherent in mineral exploration and mining.
- Increased operating expenses before generating revenue, potentially leading to unprofitability.
- Access to mineral claims restricted by inclement weather.
- President's part-time commitment may limit time devoted to business operations.
- Speculative nature of mineral exploration, with substantial risk of finding no deposits.
- Failure to complete option payments and capital expenditure requirements.
- Risk of not obtaining financing, negatively impacting financial condition.
- Inherent dangers in mineral exploration leading to potential liability or damages.
- Heavy dependence on CEO and President.
- Compliance with government regulations that may increase exploration costs.
Mitigation Strategies
- Working with several geologists to reduce reliance on any one officer/director for geological services.
- Seeking additional capital through private placements and public offerings.
- Outsourcing field work to service providers and exploration partners.
- Keeping staff compliment to a minimum to conserve capital.
- No equipment purchases anticipated in the next 12 months.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2022
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Access to mineral claims may be restricted by inclement weather, causing delays in exploration.
- The speculative nature of exploration and development of mineral properties involves substantial risks.
- Inherent dangers in mineral exploration pose liability risks.
- Heavy dependence on the CEO and President.
- Operating expenses and revenues may vary, leading to inconsistent profitability.
- Compliance with government regulations may increase exploration costs.
- Global public health threats may adversely affect financial and operating performance.
Mitigation Strategies
- Working with several technical consultants to reduce reliance on any one officer or director.
- Outsourcing of legal, accounting, and other operational duties is the most cost effective and efficient manner of conducting the business of the Company.
- No anticipated equipment purchases in the next 12 months.