Climate Change Data

Environmental Metrics

ESG Focus Areas

• Renewable Energy
• Greenhouse Gas Emissions Reduction

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

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

• Clean energy generation, GHG emission reduction

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 7 (Affordable and Clean Energy)
• SDG 13 (Climate Action)

Geothermal energy contributes to clean energy production and reduces greenhouse gas emissions.

Sustainable Products & Innovation

• Geothermal energy

Awards & Recognition

• Not disclosed

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• No revenues from operations during 2020.
• Working capital deficit of $680,200 as of December 31, 2020.
• Accumulated deficit of $47,194,400 as of December 31, 2020.
• Reliance on debt and equity funding to support operations.
• COVID-19 pandemic's potential adverse effects on workforce, economy, and financial markets.

Mitigation Strategies

• Holding mineral properties on care and maintenance until additional financing is secured.
• Seeking additional equity and/or debt financing for exploration and development.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impact on workforce, economies, and financial markets.
• Early-stage company needing additional funds for capital expenditures.
• Risks inherent in resource exploration and development (unprofitable efforts, insufficient deposit size/grade).
• Operating hazards (rock bursts, cave-ins, fires, flooding, earthquakes).
• Remote location challenges (infrastructure, skilled labor, fuel, power).
• Fluctuating metal prices.
• Title risks (unregistered agreements, indigenous claims, undetected defects).
• Environmental regulations, permits, and licenses.
• Competition with companies with greater resources and capacity.
• Unfavorable economic conditions.

Mitigation Strategies

• Maintaining properties in good standing for joint ventures or divesture.
• Seeking additional financing through equity/debt financing, joint ventures, and property optioning.
• Maintaining liability insurance.
• Intending to fully comply with environmental regulations.
• Care and maintenance of mineral properties until additional financing is secured.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic (minimal impact reported)
• Early-stage company needing additional funds
• Risks inherent in resource exploration and development (unprofitable efforts, insufficient deposit size/grade)
• Operating hazards (rock bursts, cave-ins, fires, flooding, earthquakes)
• Remote location challenges (infrastructure, skilled labor, fuel, power)
• Metal price fluctuations
• Title risks (unregistered agreements, indigenous claims, undetected defects)
• Environmental regulations, permits, and licenses
• Competition
• Unfavorable economic conditions
• Dependence on management

Mitigation Strategies

• Liability insurance (though liabilities could exceed policy limits)
• Seeking financing through equity/debt financing, joint ventures, and optioning properties
• Intention to comply with environmental regulations
• Appealing cancellation of water right
• Monitoring market values for investments
• Managing liquidity risk through capital structure management
• Budgeting in foreign currencies to mitigate currency risk

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Need for additional funds to finance exploration and development activities.
• Risks associated with resource exploration and development (e.g., unprofitable efforts, insufficient size/grade of deposits).
• Operating hazards (e.g., rock bursts, cave-ins, fires, flooding, earthquakes).
• Challenges related to infrastructure, skilled labor, fuel, and power in remote locations.
• Fluctuations in metal prices.
• Title risks and potential challenges to property ownership.
• Compliance with environmental regulations and obtaining necessary permits and licenses.
• Competition from companies with greater financial resources and technical capacity.
• Unfavorable economic conditions.
• Dependence on existing management.

Mitigation Strategies

• Seeking financing through equity and/or debt financing, joint venturing, and optioning out properties.
• Maintaining liability insurance.
• Careful evaluation and risk assessment in exploration, development, and production.
• Planning for the accessibility of secondary roads and air transport for supplies.
• Closely monitoring market values of investments.
• Exercising due diligence in determining title to properties.
• Intending to fully comply with all environmental regulations and obtaining necessary permits.
• 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: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Early stage company needing additional funds for exploration and development.
• Risks associated with resource exploration and development (unprofitable efforts, insufficient size/grade of deposits).
• Operating hazards (rock bursts, cave-ins, fires, flooding, earthquakes).
• Remote location challenges (infrastructure availability, skilled labor, fuel, power).
• Fluctuations in metal prices.
• Title risks (unregistered agreements, indigenous claims, undetected defects).
• Environmental regulations, permits, and licenses.
• Competition from companies with greater resources and capacity.
• Unfavorable economic conditions.
• Dependence on existing management.

Mitigation Strategies

• Seeking financing through equity/debt financing, joint venturing, and optioning out properties.
• Maintaining liability insurance.
• Intending to comply with environmental regulations.
• Applying for necessary permits and licenses.
• Appealing cancelled water rights (and winning the appeal).

Supply Chain Management

Climate-Related Risks & Opportunities