Climate Change Data

Environmental Metrics

ESG Focus Areas

• Health and Safety
• Accountability
• Environment
• Governance

Environmental Achievements

• Environmental initiatives designed to ensure best practices in land and water use, monitored and managed to meet or exceed regulatory requirements.

Social Achievements

• Company strives to support surrounding communities throughout the exploration process; committed to working with rights holders, local communities, and stakeholders to find mutually acceptable outcomes; engaging with, supporting, and giving back to people and surrounding local communities.

Governance Achievements

• Established governance structure allows the Company to meet commitments set in place through policies and management plans.

Climate Goals & Targets

Environmental Challenges

• Limited financial resources, no source of operating cash flow, no assurances that sufficient funding will be available to further explore mineral property projects and cover overhead costs.
• Fluctuations in mineral prices affected by numerous factors beyond the Company’s control.
• Obtaining permits can be a complex, time-consuming process.
• Regulatory risks include possible delays in getting regulatory approval, increased fees for filings, and more complex reporting requirements.
• Legal claims from time to time.
• Cyber risk exposure to proprietary geological, geochemical, and exploration data.

Mitigation Strategies

• Company has been successful in raising funding (though no guarantee of future success).
• Outsourcing IT management to professionals who implement controls and mitigation strategies against cyber risks (system access and authentication controls, transactional authentication, system activity logging, audit trails, etc.).
• Company is committed to the application of policies and management plans that will guide sustainable mining exploration.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Application of policies and management plans to guide sustainable mining exploration; environmental initiatives designed to ensure best practices in land and water use, meeting or exceeding regulatory requirements.

Social Achievements

• Commitment to working with rights holders, local communities, and stakeholders; engaging with, supporting, and giving back to employees and surrounding local communities.

Governance Achievements

• Established governance structure to meet commitments through policies and management plans.

Climate Goals & Targets

Environmental Challenges

• High degree of risk in mineral exploration and mining; obtaining permits can be complex and time-consuming; potential for title disputes; fluctuating mineral prices; dependence on share issuances for funding; potential conflicts of interest; regulatory risks; legal claims; cyber risks; global economic uncertainties.

Mitigation Strategies

• Investigation of title to all properties; implementation of policies and management plans for sustainable exploration; outsourcing IT management to professionals with implemented security controls; monitoring activity on properties for potential royalty streams; commitment to responsible exploration and environmental protection.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Our environmental initiatives are designed to ensure best practices in land and water use which are monitored and managed to meet or exceed regulatory requirements.

Social Achievements

• Engaging with, supporting, and giving back to our people and the surrounding local communities is a fundamental value of Equity Metals.
• The Company uses First Nations’ employees and contractors in all activities where appropriate and First Nation involvement is encouraged.

Governance Achievements

• Having an established governance structure allows the Company to meet the commitments set in place through policies and management plans.

Climate Goals & Targets

Environmental Challenges

• Obtaining permits can be a complex, time consuming process.
• The costs and delays associated with obtaining permits and complying with these permits and applicable laws and regulations could stop or materially delay or restrict the Company from continuing or proceeding with existing or future operations or projects.
• The Company has experienced losses in operations in prior years and has an accumulated deficit position.
• The continuation of the Company’s operations is subject to its ability to continue to be able to raise funding to support its operations.
• Mineral prices fluctuate widely and are affected by numerous factors beyond the control of the Company.
• The Company is dependent upon share issuances to provide the funding necessary to meet its general operating expenses and will require additional financing to continue to explore its mineral properties.
• Certain directors and officers of the Company are or may become associated with other natural resource companies which may give rise to conflicts of interest.
• Companies in all industries, including the mining industry, are subject to legal claims from time to time, some of which have merit and others of which do not.
• Companies in all industries, including the mining industry, are susceptible to cyber risk.

Mitigation Strategies

• The Company outsources its IT management to IT professionals who implement, among other controls and mitigation strategies, system access and authentication controls, transactional authentication, system activity logging, audit trails, “exception” handling, on-prem and off-prem backup and storage of the Company’s data.

Supply Chain Management

Climate-Related Risks & Opportunities