UVRE LIMITED AND ITS CONTROLLED ENTITIES
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environmental regulation
- Climate risk
Environmental Achievements
- Reclamation and seeding for areas disturbed during drilling at East Canyon project
Climate Goals & Targets
Environmental Challenges
- Additional requirements for capital
- Exploration and operating risks (early-stage exploration)
- Title to properties
- Exploration permits
- Renewal of claims
- Overseas business activities and country risk
- Environmental risks and liabilities
- Climate risk (regulatory changes and physical risks)
- Uranium price volatility and exchange rate risks
- Regulatory compliance
- Mine development risks
Mitigation Strategies
- Continuous monitoring of forecast and actual cash flows
- Robust contracts with third parties
- Country risk management system
- Mechanism to counter legal risk
- Highest standard of environmental care
- Managing climate change risks and limiting impacts
- Ongoing consideration of stakeholder interests in mine development
- Ensuring substantial compliance with laws and regulations
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Increased severity of weather patterns
- Extreme weather events
- Shifting climate patterns
Transition Risks
- New or expanded regulations
- Market changes related to climate change mitigation
- Changes to compliance regulations
- Taxation or penalties for carbon emissions