Riley Gold Corp.

Climate Impact & Sustainability Data (2020-09-30)

Early stage company with risks common to other companies in the same business, including under-capitalization, cash shortages, limitations in personnel and resources, and lack of revenues.
Mineral exploration and development is speculative, with risks of unprofitable efforts due to failure to discover deposits or finding insufficient deposits.
Operating hazards and risks in mining, including geological conditions, which could lead to damage, injury, environmental damage, and legal liability.
Foreign currency exchange rate risk impacting market prices.
Challenges in remote locations with limited infrastructure.
Intense competition in the mining industry.
Title risks to mineral properties.
Environmental regulations, permits, and licenses.
Potential inability to meet cost shares under agreements, leading to reduced interest in properties.
Unfavorable economic conditions impacting financial viability, financing costs, and access to capital.
Dependence on existing management.

Maintaining liability insurance (though liabilities could exceed policy limits).
Maintaining cash balances in each currency.
Intending to fully comply with all environmental regulations.
Believing it is in compliance with all material laws and regulations.
Following the provisions of the Business Corporations Act (British Columbia) regarding conflicts of interest.

Frameworks Used: IFRS