Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Political instability of the host country or region
• Site environmental conditions that affect deposit access
• Issues associated with legal access to sufficient land areas to support development and mining
• Lack of certainty with respect to mineral tenure and development regulatory regimes
• Lack of social licence for project development
• Unforeseen negative market pricing trends
• Inadequacy of deposit modelling and grade estimation programs with respect to actual metal grades and tonnages contained within the deposit
• Metallurgical recoveries that fall within economically acceptable ranges cannot be attained

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: CIM

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Developed a new process that eliminates selenium, a toxic pollutant, improving the quality of downstream products such as lithium-ion batteries. The overall recovery from implementing the new process is about 80%, with a substantial reduction in sulfuric acid and other reagents.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Risks associated with mineral exploration (unexpected formations, fires, floods, cave-ins, landslides, labor disputes, etc.), intense competition, government regulations and permits, limited operating history and history of losses.

Mitigation Strategies

• Collaboration with Kemetco Research Inc. to develop a flowsheet for ultra-high purity material; engaging end-users in the North American supply chain to validate HPMSM product; recruiting Dicentra Regulatory Consultants for Health Canada approvals; obtaining NSF approval and registrations.

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: Null

Certifications: NSF

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• High-purity manganese sulphate monohydrate (HPMSM) for Li-ion batteries; potential 98% purity sulphate product for agricultural purposes.

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Social Achievements

• Public consultation process will be conducted with a 30-day public review and comment period. First Nations Communities must be informed about the Project and have an opportunity to express their concerns.

Climate Goals & Targets

Environmental Challenges

• Land ownership and/or site access for mining activities has not been established.
• Around six provincial/municipal permits will be required prior to the mine development including an environmental impact assessment (EIA), mining lease, approval to operate, development permit, water withdrawal permit and a watercourse and wetland alteration permit.
• Adjacent landowners and residences will be affected by the Project whether from direct impacts from mining activity, altered view-scape and/or mine related travel

Mitigation Strategies

• A reclamation plan will be required describing the proposed closure and restoration as well as a detailed cost estimate. A financial security is also required by the New Brunswick Department of Energy and Resource Development (NBNRED) as a condition of the mining lease approval and is based on engineering costs for protection, reclamation, and rehabilitation of the environment.
• As part of the required EIA, a public consultation process will be conducted with a 30-day public review and comment period. The site is located within traditional unceded territories of both indigenous peoples of New Brunswick, including the Mi’Kmaq and Wolastoqay (Maliseet) First Nations. First Nations Communities must be informed about the Project and have an opportunity to express their concerns. The proponent must show that a robust engagement has taken place and that stakeholder concerns have been taken into consideration and a response has been provided.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NI 43-101

Environmental Metrics

ESG Focus Areas

• Environmental Responsibility
• Sustainable Mining Practices

Environmental Achievements

• Pilot project to produce HPMSM using an innovative, cost-effective and environmentally friendly process that eliminates a major purification step, reducing environmental impact.
• Plans for a Life Cycle Assessment (LCA) to identify environmental hotspots and mitigation opportunities.
• No tailings pond (dry stacking) planned.

Social Achievements

• Commitment to ethical and responsible sourcing of manganese, avoiding issues associated with developing country mines.
• Potential to integrate renewable energy methods to further reduce sustainability metrics.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

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: ISO-compliant (ISO-14040/14044) LCA report

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• High-purity manganese sulphate (HPMSM) for EV batteries

Awards & Recognition

• Not disclosed