Madoro Metals Corp.
Climate Impact & Sustainability Data (2023-02-28 to 2023-11-30)
Reporting Period: 2023-02-28 to 2023-11-30
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Legal disputes with optionors regarding Rama de Oro, Yautepec, and Magdalena properties in Mexico due to disagreements over work expenditures and force majeure claims.
- Limited operating history and lack of revenue generation.
- Exploration risks inherent in the mining industry, including geological uncertainties, operational hazards, and fluctuating mineral prices.
- Regulatory requirements and potential delays in obtaining permits.
- Financing risks and potential dilution to shareholders.
- Competition in the mining industry.
- Reliance on key personnel.
- Environmental risks associated with exploration and development activities.
- Potential conflicts of interest among directors and officers.
- Uninsurable risks.
- Potential for legal proceedings.
- Public health crises (e.g., pandemics) impacting operations.
Mitigation Strategies
- Filed Notice of Civil Claim and subsequently a Notice of Application in the Supreme Court of British Columbia to resolve disputes with optionors, resulting in a favorable court order.
- Actively seeking to raise capital to support exploration activities.
- Implementing precautions to minimize operational and environmental risks.
- Complying with applicable laws and regulations.
- Managing liquidity risk through cash flow forecasting and expenditure planning.
- Actively recruiting and retaining qualified personnel.
- Addressing potential conflicts of interest in accordance with the BCBCA.