Climate Change Data

Vatic Ventures Corp.

Climate Impact & Sustainability Data (2021-03-01 to 2021-08-31, 2022-03 to 2022-08, 2023-02-28 to 2023-11-30, 2024-03-01 to 2024-08-31)

Reporting Period: 2021-03-01 to 2021-08-31

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

  • Limited operating history and no history of business or mining operations, revenue generation or production history.
  • Exploration, development and operating risks associated with mineral exploration.
  • Fluctuating mineral prices.
  • Substantial capital requirements and liquidity issues.
  • Regulatory requirements and potential delays.
  • Competition in the mining industry.
  • Reliance on management and key personnel.
  • Environmental risks and hazards.
  • Governmental regulations and potential license revocations.
  • Local resident concerns.
  • Conflicts of interest among directors and officers.
  • Uninsurable risks.
Mitigation Strategies
  • Seeking additional funding through equity or debt financing.
  • Complying with applicable laws, regulations, and permits.
  • Implementing risk mitigation strategies for environmental and operational hazards.
  • Addressing conflicts of interest in accordance with the BCBCA.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2022-03 to 2022-08

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

  • Limited operating history and no history of business or mining operations, revenue generation or production history.
  • Exploration, development and operating risks associated with mineral exploration.
  • Fluctuating mineral prices.
  • Substantial capital requirements and liquidity.
  • Regulatory requirements and potential delays.
  • Competition within the mining industry.
  • Reliance on management and dependence on key personnel.
  • Environmental risks associated with mining operations.
  • Governmental regulations and processing licenses and permits.
  • Local resident concerns.
  • Conflicts of interest.
  • Uninsurable risks.
  • Potential for litigation.
Mitigation Strategies
  • The Company’s primary focus for the foreseeable future will be on reviewing its financial position, and continuing exploration and development activities on its mineral properties.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2023-02-28 to 2023-11-30

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

  • Limited operating history and no history of business or mining operations, revenue generation or production history.
  • Exploration, development and operating risks associated with mineral exploration.
  • Fluctuating mineral prices.
  • Substantial capital requirements and liquidity issues.
  • Regulatory requirements and potential delays.
  • Competition within the mining industry.
  • Reliance on management and key personnel.
  • Environmental risks and hazards.
  • Governmental regulations and processing licenses and permits.
  • Local resident concerns.
  • Conflicts of interest.
  • Uninsurable risks.
  • Potential litigation.
Mitigation Strategies
  • Vigorous defense in legal proceedings (Mayne Minerals Inc. lawsuit).

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2024-03-01 to 2024-08-31

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

  • Limited operating history and no history of business or mining operations, revenue generation or production history.
  • Exploration, development and operating risks associated with mineral exploration.
  • Fluctuating mineral prices.
  • Substantial capital requirements and liquidity issues.
  • Regulatory requirements and potential delays.
  • Competition in the mining industry.
  • Reliance on management and key personnel.
  • Environmental risks and hazards.
  • Governmental regulations and potential license revocations.
  • Local resident concerns.
  • Conflicts of interest among directors and officers.
  • Uninsurable risks.
  • Potential litigation.
Mitigation Strategies
  • Vigorous defense of its right to purchase claims in a lawsuit.
  • Intention to continue pursuing projects despite non-compliance with option agreements.
  • Plans to raise additional funds to support future expenditures.

Supply Chain Management

Climate-Related Risks & Opportunities