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.