Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Exploration Stage Company: The Company has no history of operations and is still in an early stage of development.
• Mineral Exploration and Development: The exploration and development of minerals is highly speculative in nature and involves a high degree of financial and other risks over a significant period of time
• Operating History and Financial Resources: The Company has no history of operations or revenues and it is unlikely that the Company will generate any revenues from operations in the foreseeable future.
• Possible Loss of Interest in the Rogers Creek Property: The Company’s ability to maintain an interest in the Rogers Creek Property will be dependent on its ability to raise additional funds by equity financing.
• Competition: The mineral exploration business is competitive in all of its phases.
• Environmental Risks and Hazards: All phases of the Company’s operations are subject to extensive environmental regulations.
• Government Regulations: The Company’s current or future operations, including exploration and development activities and the commencement and continuation of commercial production, require licenses, permits or other approvals from various federal, provincial, territorial and/or local governmental authorities.
• Title Risks: While the Company has exercised the usual due diligence with respect to determining title to the Company’s properties, there is no guarantee that title to such properties will not be challenged or impugned.
• First Nations Land Claims: The Rogers Creek Property or other properties optioned by the Company may now or in the future be the subject of first nations land claims.
• Negative Operating Cash Flow: Since inception, the Company has had negative operating cash flow.
• Commodity Prices: The price of the Company’s securities, the Company’s financial results and exploration, development and mining activities have previously been, and may in the future be, significantly adversely affected by declines in the price of precious or base metals.
• Potential increase cost due to rising inflation: Inflation and other economic factors beyond the Company’s control may cause an increase in costs and expenses, resulting in the Company being unable to complete its objectives with its currently available funds, if at all, which may have an adverse impact on the Company’s operations
• Price Volatility and Lack of Active Market: In recent years, the securities markets in Canada and elsewhere have experienced a high level of price and volume volatility, and the market prices of securities of many public companies, particularly resource issuers, have experienced significant fluctuations in price which have not necessarily been related to the operating performance, underlying asset values or prospects of such companies.
• Reliance on Management and Experts: The Company’s success will be largely dependent, in part, on the services of the Company’s senior management and directors.
• Conflicts of Interest: Certain of the Company’s directors, officers and other members of management do, and may in the future, serve as directors, officers, promoters and members of management of other companies and, therefore, it is possible that a conflict may arise between their duties as a director, officer, promoter or member of the Company’s management team and their duties as a director, officer, promoter or member of management of such other companies.

Mitigation Strategies

• The Company anticipates that its existing cash resources, together with the net proceeds of the Offering, will be sufficient to cover the Company’s projected funding requirements for the ensuing year.
• The Company is planning to raise additional funding through a brokered private placement for which the Company filed a Prospectus, which was receipted on January 25, 2023, and which was closed on April 24, 2023.
• The Company may also raise additional funds through debt financing.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Exploration stage company with no history of operations and no known commercially viable mineral deposits.
• High risk associated with mineral exploration and development, including geological uncertainties, environmental hazards, and potential for accidents.
• Limited financial resources and reliance on additional funding for exploration and development.
• Competition from companies with greater resources.
• Extensive environmental regulations and potential for non-compliance.
• Potential for title disputes and aboriginal land claims.
• Negative operating cash flow.
• Volatility in commodity prices.
• Potential for increased costs due to inflation.
• Price volatility of securities and lack of active market.
• Reliance on management and experts without key man insurance or non-competition agreements.
• Potential conflicts of interest among directors and officers.

Mitigation Strategies

• Planning to raise additional funds through equity and/or debt financing.
• Due diligence in determining title to properties.
• Negotiation with First Nations to facilitate exploration and development.
• Holding cash and GICs in high credit quality Canadian financial institutions to mitigate credit risk.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Exploration Stage Company: The Company has a very limited history of operations and is still in an early stage of development.
• Mineral Exploration and Development: The exploration and development of minerals is highly speculative in nature and involves a high degree of financial and other risks over a significant period of time
• Operating History and Financial Resources: The Company has very limited history of operations and no history of earning revenues and it is unlikely that the Company will generate any revenues from operations in the foreseeable future.
• Possible Loss of Interest in the Mineral Properties: The Company’s ability to maintain an interest in its exploration and evaluation assets will be dependent on its ability to raise additional funds through debt or equity financing.
• Competition: The mineral exploration business is competitive in all of its phases.
• Environmental Risks and Hazards: All phases of the Company’s operations are subject to extensive environmental regulations.
• Government Regulations: The Company’s current or future operations, including exploration and development activities and the commencement and continuation of commercial production, require licenses, permits or other approvals from various federal, provincial, territorial and/or local governmental authorities.
• Title Risks: While the Company has exercised the usual due diligence with respect to determining title to the Company’s properties, there is no guarantee that title to such properties will not be challenged or impugned.
• First Nations Land Claims: The Rogers Creek Property and other properties optioned by the Company may now or in the future be the subject of first nations land claims.
• Negative Operating Cash Flow: Since inception, the Company has had negative operating cash flow.
• Commodity Prices: The price of the Company’s securities, the Company’s financial results and exploration, development and mining activities have previously been, and may in the future be, significantly adversely affected by declines in the price of precious or base metals.
• Potential increases in costs due to rising inflation: Inflation and other economic factors beyond the Company’s control may cause an increase in costs and expenses, resulting in the Company being unable to complete its objectives with its currently available funds, if at all, which may have an adverse impact on the Company’s operations
• Price Volatility and Lack of Active Market: In recent years, the securities markets in Canada and elsewhere have experienced a high level of price and volume volatility, and the market prices of securities of many public companies, particularly resource issuers, have experienced significant fluctuations in price which have not necessarily been related to the operating performance, underlying asset values or prospects of such companies.
• Reliance on Management and Experts: The Company’s success will be largely dependent, in part, on the services of the Company’s senior management and directors.
• Conflicts of Interest: Certain of the Company’s directors, officers and other members of management do, and may in the future, serve as directors, officers, promoters and members of management of other companies and, therefore, it is possible that a conflict may arise between their duties as a director, officer, promoter or member of the Company’s management team and their duties as a director, officer, promoter or member of management of such other companies.
• Litigation: The Company and/or its directors may be subject to a variety of civil or other legal proceedings, with or without merit.

Mitigation Strategies

• The Company’s management is planning to raise additional funds through equity and/or debt financing.
• The Company mitigates its exposure to credit risk by holding its cash and GICs on deposits with high credit quality Canadian financial institutions.
• The Company will continue to assess new properties and seek to acquire an interest in additional properties if it feels there is sufficient economic potential and if it has adequate financial resources to do so.
• The Company will negotiate with first nations in order to facilitate exploration and development work on the properties optioned by the Company.

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

• 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: 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