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