Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• The Company has incurred losses from inception and does not currently have the financial resources to sustain operations in the long term.
• The Company will periodically have to raise additional financing in order to acquire and conduct work programs on mineral properties and meet its ongoing levels of corporate overhead and discharge its liabilities as they come due.
• There is no assurance that it will be able to secure financing in the future.
• Suspension of receiving royalty payments from the Tambor Project.
• Mexico government’s Mining Law Reform includes changes that intend to restrict mineral exploration activities.
• Legal challenges to all of the Company’s Mexican claims and projects are still in process.

Mitigation Strategies

• During the year ended December 31, 2023, the Company raised capital by way of a non-brokered equity financing which provides working capital for operational activities.
• The Company has filed legal challenges to the application of the Mining Law reforms on all its properties and projects.
• The Company is allowing KCA to defer payment of the remaining balance owing to the Company until the arbitration hearing is concluded.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Third-party Assurance: Smythe LLP