Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Community Relations
• Indigenous Relations

Environmental Achievements

• Not disclosed

Social Achievements

• Paid scholarship fees to Doyon, Limited for Northway and Seventymile properties.
• Not disclosed

Governance Achievements

• Established a management team with a CEO, CFO, VP of Exploration, and four directors.
• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Exploration stage company with no assurance of commercially viable deposits.
• Risks related to First Nations land claims.
• Negative cash flow from operations.
• Dependence on equity markets for funding.
• Infrastructure limitations affecting exploration and development.
• Climate change legislation and regulations potentially increasing costs.
• Geotechnical challenges impacting production and profitability.
• Material contract obligations requiring timely payments and expenditures.
• Risks related to information systems and cybersecurity.

Mitigation Strategies

• Planning and budgeting process to manage liquidity risk.
• Ongoing review of capital management approach.
• Seeking equity or debt financing to meet future cash commitments.
• Acknowledges climate change concerns and supports voluntary actions.
• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Floods

Transition Risks

• Increased costs due to climate change legislation

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

Environmental Metrics

ESG Focus Areas

• Health and Safety
• Environment
• Community

Environmental Achievements

• No environmental issues reported at any of the Company’s project sites.

Social Achievements

• Paid annual $25,000 USD scholarship contribution to the Doyon Foundation.
• Paid $10,000 USD for scholarship to educate Doyon’s shareholders and their direct descendants in the fields of natural resource development and land management.
• Virtual meetings with chiefs of select local villages to discuss potential programs and job opportunities.

Governance Achievements

• Appointment of Allison Rippin Armstrong as Chair of the board.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting exploration activities (travel restrictions, potential for higher costs due to reliance on US contractors).
• Potential for environmental risks and associated costs/obligations.
• Dependence on key personnel.
• Need for additional funding for exploration and development.
• Competition in the mineral exploration industry.
• Exploration stage company with limited operating history and negative cash flow.
• Government regulations and permitting processes.

Mitigation Strategies

• Robust COVID-19 mitigation plan implemented (testing, isolation, social distancing measures).
• Compliance with environmental regulations.
• Experienced management team.
• Pursuit of various financing options (joint ventures, debt financing, equity financing).
• Strategic marketing approach.
• Ongoing review of capital management approach.

Supply Chain Management

Climate-Related Risks & Opportunities