Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Climate Goals & Targets

Environmental Challenges

• Low nickel prices leading to care and maintenance of Bucko Lake Mine since 2012.
• Limited cash on hand to fund operational needs for the next 12 months.
• Reliance on support from Hebei Wenfeng.
• Environmental fines for offences under the Fisheries Act (Canada).
• Difficulties in retiring some outstanding accounts payables.
• Cybersecurity risks.
• General economic conditions.

Mitigation Strategies

• Minimizing costs of care and maintenance program.
• Seeking options to bring Bucko Lake Mine back to production.
• Receiving funding from Hebei Wenfeng.
• Paying environmental fines in installments.
• Legal counsel retained to address outstanding accounts payables.
• Steps taken to secure configurations and manage information systems.
• Monitoring and assessing the fluctuation of nickel price and US dollars.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental Compliance
• Safety

Environmental Achievements

• Reduced care and maintenance costs significantly in Q2 2024 compared to Q2 2023 due to the absence of preliminary economic assessment studies.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Liquidity risk: Limited funds to meet short-term financial liabilities; working capital deficit.
• Credit risk: Reliance on loans from related party (Hebei Wenfeng), uncertainty of continued support.
• Market risk: Exposure to foreign exchange rate risk (US dollar denominated loans), interest rate risk, and commodity price risk (nickel).
• Environmental risk: Compliance with environmental regulations, potential for fines and penalties.
• Cybersecurity risk: Potential for unauthorized access to information and system disruptions.
• General economic conditions: Impact of global economic slowdown on operations and financing.

Mitigation Strategies

• Regular forecasting and management of capital structure to manage liquidity risk.
• Credit evaluations on counterparties and monitoring processes to mitigate credit risks.
• Close monitoring of nickel prices and US dollar fluctuations.
• Maintaining active environmental monitoring at Bucko Lake Mine to comply with regulations.
• Steps taken to secure configurations and manage information systems to mitigate cybersecurity risks.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: IFRS

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed