Climate Change Data

Stelmine Canada Ltd.

Climate Impact & Sustainability Data (2019, 2020-01 to 2020-04)

Reporting Period: 2019

Environmental Metrics

ESG Focus Areas

  • Sustainable Development

Governance Achievements

  • Appointment of six executives to the Board of Directors
  • Appointment of Brunet, Roy, Dubé, CPA S.E.N.C.R.L. as independent auditors
  • Reapproval of Stock Option Plan by shareholders

Climate Goals & Targets

Environmental Challenges

  • Price volatility of the metals market
  • Poorly estimated reserves
  • Environmental risks (stricter regulations)
  • Unforeseen geological situations
  • Unfavorable extraction conditions
  • Changes in regulation and government policies
  • Failure to obtain necessary permits and approvals
  • Risks related to exploration and development
  • Liquidity risk
  • Risk related to title of properties
  • Risk related to industry conditions
  • Risk related to governmental regulation
  • Environmental regulations and other regulations
  • Risks related to financing and development
  • Commodity Prices
Mitigation Strategies
  • Periodically seeking financing through issuance of equity securities, exercise of warrants and stock options
  • Maintaining sufficient cash and cash equivalents
  • Establishing budget and cash flow forecasts
  • Obtaining title opinions on properties
  • Taking reasonable measures to ensure valid deeds
  • Believing to be in compliance with relevant aspects of the law
  • Obtaining regulatory and environmental approvals before production

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Reporting Period: 2020-01 to 2020-04

Environmental Metrics

ESG Focus Areas

  • Sustainable Development

Climate Goals & Targets

Environmental Challenges

  • Price volatility of the metals market
  • Poorly estimated reserves
  • Environmental risks (stricter regulations)
  • Unforeseen geological situations
  • Unfavorable extraction conditions
  • Changes in regulation and government policies
  • Failure to obtain necessary permits and approvals
  • Risks related to exploitation and development
  • Liquidity risk
  • Risks related to title of properties
  • Risks related to industry conditions
  • Risks related to governmental regulation
  • Risks associated with exploration
  • Risks related to financing and development
  • Commodity Prices
Mitigation Strategies
  • Periodically seeking financing through issuance of equity securities, exercise of warrants and stock options
  • Maintaining sufficient cash and cash equivalents
  • Establishing budget and cash flow forecasts
  • Obtaining title opinions on properties
  • Taking reasonable measures to ensure valid deeds
  • Employing industry best practices to minimize environmental and social risks
  • Obtaining insurance policies for directors and pollution

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS