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Published on August 3, 2024 |
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NorthWest Copper is a copper-gold explorer with a group of prospective advanced and earlier stage projects located in central British Columbia. |
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Disclaimer and Forward Looking Statements |
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Company Profile |
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Organizational Profile |
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Name |
NorthWest Copper Corp. |
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Describe nature of activities, brands, products and services |
NorthWest Copper is a copper-gold explorer with a group of prospective advanced and earlier stage projects located in central British Columbia. With a long history of exploration in a tier one jurisdiction, NorthWest is well positioned to participate in the global copper market through thoughtful collaboration with Indigenous leadership and communities and the implementation of environmental management practices. Our pipeline includes the advanced, high-grade Kwanika-Stardust project, the extensive Lorraine project with existing high- grade resources, and our 2021 discovery - East Niv, a brand new copper-gold porphyry system. |
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NorthWest Copper is continuing to build on past relationships and partnerships with Indigenous leaders and communities and looking for opportunities to enhance collaboration, support stewardship practices, and contribute to building strong communities and local economies.
With a focus on exploring for copper in an area of British Columbia with existing infrastructure, abundant hydroelectric power, and a local workforce supporting our programs, our ESG performance is core to NorthWest Copper's longer term goal to contribute to sustainable economies and encourage and promote cultural and environmental stewardship.
We seek to meet best practices in our current exploration but also in advancing and designing our future projects.
Additional information can be found on the Company’s website at northwestcopper.ca |
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Link to Corporate Website |
https://northwestcopper.ca/ |
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Industry Classification |
NAICS: 212299 All other metal ore mining
ISIC: B0729 Mining of other non-ferrous metal ores |
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Market Capitalization |
$0-$100Million USD |
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Type of Operations |
Exclusively non-producing operations |
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Company Headquarters |
Vancouver, Canada |
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ESG Accountability |
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Role and Name of highest authority within company for Environment, Social and Governance strategy, programs and performance |
For the 2023 ESG reporting period, Vesta Filipchuk, Vice President Sustainability and Tyler Caswell, Vice President Exploration, were responsible for Environmental, Social, and Governance strategy, programs, and performance. This responsibility was delegated and overseen by NorthWest Copper’s Board of Directors and Executive Chair. |
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GRI Reporting Requirements |
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Choose the statement as to how the organization has aligned their reporting utilizing GRI Standards |
The organization has reported with reference to the GRI Standards for the period defined below |
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ESG Reporting Period |
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Unless otherwise noted, all data contained in this report covers the following period |
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From |
2023-01-01 |
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To |
2023-12-31 |
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External Assurance |
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Describe your company's policy and practice for seeking external assurance, including whether and how the highest governance body and senior executives are involved |
NorthWest Copper engages with communities of interest and Indigenous leadership and communities on a regular and ongoing basis. In 2023, the Company did not conduct any mineral exploration activities and as such did not seek external assurance on our ESG reporting. As the Company works to conduct mineral exploration and advance its projects, it will look to establish an external assurance policy to govern its practices and reporting. |
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Has the report been externally assured |
No |
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Financial Reporting Period |
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Does the financial reporting period align with the sustainability reporting period (eg. calendar vs fiscal) |
Yes |
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Geographic Scope of Report |
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Unless otherwise noted, the data in this report covers sustainability matters related to the following locations of operations |
Canada |
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NorthWest Copper's land position of >175,000 hectares is 100% owned by NorthWest Copper, and occupies highly prospective ground between the longlife Mt. Milligan Mine and the Kemess Project. East Niv, Arjay and Kwanika- Stardust have no royalties. |
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NorthWest Copper assets |
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Identify notable exclusions of the geographical and/or business scope of the report, and reference of any existing or planned reports that do or will address these (e.g., assets recently divested or acquired, non-managed joint ventures, specific exploration activities, recently closed sites, etc.) |
NorthWest Copper holds assets located in British Columbia, Canada, including Kwanika- Stardust, Lorraine and Top Cat, East Niv, Arjay, Croy Bloom, Tchentlo, Milligan West, and UDS.
For the purpose of this report, NorthWest Copper is disclosing ESG information related to the following projects:
• Kwanika-Stardust • Lorraine-Top Cat • East Niv
NorthWest Copper has a strong foundation for growth and optionality, with grade as the common project denominator. We have multiple projects in our portfolio that can each create value. |
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Reporting Practice |
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Provide the full contact details (name, title, address, email and/or phone number) for an individual responsible to address questions regarding the report or its contents |
Vesta Filipchuk, Vice President Sustainability vfilipchuk@northwestcopper.ca |
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Currency |
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Unless otherwise noted, all financial figures referenced in this report are in the following currency |
CAD |
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Membership of Associations |
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List of the industry associations, other membership associations, and national or international advocacy organizations in which the organisation participates in a significant role, as well as any economic, environmental, and social charters, principles, or other programmes that the organisation subscribes to or supports, such as the United Nations Global Compact (UNGC), etc. |
Association of Mineral Explorers of BC (AME) Mining Association of BC (MABC) Prospectors and Developers Association of Canada (PDAC) BC Regional Mining Alliance (BCRMA)
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Scale of the Organization |
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Describe how the organization defines its "Operation" |
NorthWest Copper is a mineral exploration company with advanced assets which could initiate preplanning engagement to enter into an environmental assessment process. |
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Report the total number of operations |
3 |
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Report the quantity of products or services provided during the reporting period and provide description (e.g. number of units produced, amount of primary commodity produced, number of services provided, etc.) |
NorthWest Copper is a mineral exploration company. In 2023, the Company did not conduct any mineral exploration on its tenures. Field work conducted in 2023 involved short- term site visits to conduct core review and to manage sites. |
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Fragile and Conflict-Affected Situations |
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Identify all of the entity's countries of operations that align with the World Bank's list of "Fragile and Conflict-Affected Situations" |
None |
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Mineral Resource Types in Scope |
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Which of the following mineral resource types are covered by this report |
• Inferred • Indicated • Measured |
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Mineral Reserve Types in Scope |
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Which of the following mineral reserve types are covered by this report |
None |
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Strategy |
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Link to company's statements of: Purpose, Vision, Mission and Values; Sustainability/ESG strategy (URL) |
https://northwestcopper.ca/about-us/our- story/ |
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Provide a statement from the highest governance body or most senior executive of the organization (i.e., CEO, chair, or equivalent senior position) about the relevance of sustainable development to the organization and its strategy for contributing to sustainable development. (CEO's message for this report) |
NorthWest Copper is committed to working towards ESG best practices. ESG strategy is the responsibility of the Board, the Chair, and CEO.
As a newly formed Company, we are continuing to build on past relationships and partnerships with Indigenous leaders and communities and looking for opportunities to enhance collaboration, support stewardship practices, and contribute to building strong communities and local economies. |
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With a focus on exploring for copper in an area of British Columbia with existing infrastructure, abundant hydroelectric power, and a local workforce supporting our programs, our ESG performance is core to NorthWest Copper's longer term goal to contribute to sustainable economies and encourage and promote cultural and environmental stewardship.
We seek to meet best practices in our current exploration but also in advancing and designing our future projects. |
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NWC Leadership Message |
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Material Topics |
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Governance of Material Topics |
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Describe the process followed to determine the organization's material topics, including: |
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How did the organization identify the material topics |
Other external sources, please list |
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As an exploration company, NorthWest Copper has not conducted a formal process to determine the material topics to stakeholders at its exploration sites. However, the Company regularly engages with stakeholders and Indigenous Peoples to understand and address their concerns. For the purpose of this report, the material topics selected and discussed below result from this engagement. |
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How did the organization prioritize the impacts based on their significance |
In 2023, NorthWest Copper did not conduct mineral exploration. As such the Company did not prioritize impacts for this reporting period. |
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Specify the stakeholders and experts whose views have informed the process of determining its material topics and provide details |
• Employees and other workers • Local communities • Other, please specify |
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NorthWest Copper continuously engages and receives feedback and input from Indigenous Peoples in our project area. We also engage and work with local communities of interest including trapline holders, traditional land users, and guide outfitters. |
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List the organization's material topics |
• Economic Performance • Market Presence • Procurement Practices • Overall environmental • Employment • Training and Education • Indigenous Rights • Local Communities • Communications • Permitting • Marketing |
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List the organization's non-material topics |
• Products and Services • Labor/Management Relations • Freedom of Association and Collective Bargaining • Child Labor • Forced or Compulsory Labor • Security Practices • Anti-competitive Behavior • Artisanal and Small-scale mining • Resettlement |
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Provide reasons for considering such topics not material, provide details |
Not applicable |
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These topics are not relevant to our business and/or operational stage. |
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Report changes to the list of material topics compared to the previous reporting period |
NorthWest Copper published its foundational ESG report in 2021. For the 2023 report, there are no changes to the Company's list of material topics. |
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Supply Chain |
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Provide a description of the organization’s supply chain, including the types of suppliers (e.g., equipment, consumables, logistics, brokers, contractors, wholesalers, etc.) |
As an exploration company, NorthWest Copper requires heavy equipment contractors, equipment and vehicle rentals, logistics & transportation support, remote camp support, light construction materials, and consumables such as food and fuel. Local contractors and suppliers are always preferred. |
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The types of activities related to the organization’s products and services carried out by its suppliers (e.g., manufacturing, providing consulting services) |
• Mobile Equipment • Spare Parts • Transporation Services • IT Services • Food and hospitality • Construction materials |
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What is the nature of its business relationships with its suppliers |
Contractual |
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The geographic location of its suppliers |
Canada |
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Environment |
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Climate Change - Stewardship |
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Strategy |
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Have climate-related risks and opportunities influenced your organization’s strategy and/or financial planning |
No |
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Does your organization have a process for identifying, assessing, and responding to climate-related risks and opportunities |
No-we are planning to introduce a climate- related risk management process in the next two years |
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Northwest Copper is committed to developing a process for identifying, assessing and responding to climate-related risks and opportunities as part of the development of our future projects. |
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Risk Assessments |
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Have you identified any inherent climate-related risks with the potential to have a substantive financial or strategic impact on your business |
No - not yet evaluated |
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Opportunity Assessments |
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Have you identified any climate-related opportunities with the potential to have a substantive financial or strategic impact on your business |
No |
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Greenhouse Gas Emissions |
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Scope 1 |
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Disclose the entity's absolute gross greenhouse gas (GHGs) emissions generated during the reporting period, expressed as metric tonnes of CO2 equivalent (tonne CO₂-e) |
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Fuel related (CH₄) (tonnes) |
0.001 |
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Fuel related nitrous oxide (N₂O) (tonnes) |
0.000 |
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Carbon dioxide (CO₂) (tonne CO₂-e) |
14.668 |
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Methane (CH₄) (tonne CO₂-e) |
0.025 |
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Nitrous oxide (N₂O) (tonne CO₂-e) |
0.000 |
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Hydrofluorocarbon-23 (CHF₃) (tonne CO₂-e) |
0.000 |
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Hydrofluorocarbon-32 (CH₂F₂) (tonne CO₂-e) |
0.000 |
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Sulphur hexafluoride (SF₆) (tonne CO₂-e) |
0.000 |
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Nitrogen trifluoride (NF₃) (tonne CO₂-e) |
0.000 |
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Perfluoro methane (CF₄) (tonne CO₂-e) |
0.000 |
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Perfluoro ethane (C₂F₆) (tonne CO₂-e) |
0.000 |
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Perfluoro butane (C₄F₁₀) (tonne CO₂-e) |
0.000 |
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Perfluoro hexane (C₆F₁₄) (tonne CO₂-e) |
0.000 |
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The total amount of gross global Scope 1 GHG emissions (CO₂-e) (tonne) |
14.693 |
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The percentage of its gross global Scope 1 GHG emissions that are covered under an emissions-limiting regulation or program that is intended to directly limit or reduce emissions, such as cap-and-trade schemes, carbon tax/fee systems, and other emissions control (e.g., command-and-control approach) and permit-based mechanisms |
100.0000% |
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Discuss any change in its Scope 1 emissions from the previous reporting period, including whether the change was due to emissions reductions, divestment, acquisition, mergers, changes in output, and/or changes in calculation methodology (i.e. any changes the entity made to the measurement approach, inputs and assumptions during the reporting period and the reasons for those changes, if any) |
In 2023, there was a reduction in GHG emissions as a result of reduced field activities. |
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The entity may discuss the calculation methodology for its emissions disclosure, such as if data are from continuous emissions monitoring systems (CEMS), engineering calculations, or mass balance calculations |
The GHG emissions reported in 2023 result from mass balance calculations. |
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Discuss short-term, medium-term and long-term strategy or plan to manage its Scope 1 greenhouse gas (GHG) emissions |
The 2023 season is the third season where GHG emissions were tracked. We will continue to document and track GHG emissions and establish a baseline that relates to the level of activity for a given year. |
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Source of the emission factors and the global warming potential (GWP) rates used, or a reference to the GWP source |
GHG emissions calculations for this ESG report are based on US EPA conversion factors recommended by the GHG Protocol. |
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Scope 2 |
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If company specific calculations are not available, disclose the gross location-based energy indirect (Scope 2) global greenhouse gas (GHG) emissions to the atmosphere (tonne CO₂-e): |
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Does the company purchase externally supplied energy (grid electricity) |
Yes |
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Report the total electricity purchased from external suppliers for the reporting year in gigajoules (GJ) |
19.430 |
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In what jurisdiction is the source of energy (utility) located |
Canada |
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Conversion factor (see Guidance): |
0.018 |
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Total amount of Scope 2 GHG emissions from purchased electricity (CO₂-e) (tonne) |
0.097 |
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Does the company purchase externally supplied heat |
No |
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Does the company purchase externally supplied steam |
No |
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Does the company purchase externally supplied cooling |
No |
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The total amount of gross global Scope 2 GHG emissions (CO₂-e) (tonne) |
0.097 |
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Total amount of Scope 2 GHG emissions (CO₂-e) that are covered under emissions-limiting regulations (tonne) for the jurisdiction in which the company is working. |
0.000 |
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Percentage of its gross global Scope 2 GHG emissions that are covered under an emissions-limiting regulation or program that is intended to directly limit or reduce emissions, i.e., cap-and-trade schemes, carbon tax/fee systems, and other emissions control (e.g., command-and-control approach) and permit-based mechanisms |
0.0000% |
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Source of the emission factors and the global warming potential (GWP) rates used, or a reference to the GWP source |
GHG emissions calculations for this ESG report are based on country-specific electricity grid power conversion factors available as of January 2022 from carbonfootprint.com. |
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Air Emissions |
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Report emissions of air pollutants that are released into the atmosphere |
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Emissions of carbon monoxide, reported as CO (tonne) |
0.000 |
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Emissions of oxides of nitrogen (NOx), reported as NOx (tonne) |
0.000 |
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Emissions of oxides of sulphur (SOx), reported as SOx (tonne) |
0.000 |
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Emissions of Particulate Matter 10 micrometres or less in diameter (PM₁₀), reported as PM₁₀ (tonne) |
0.000 |
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Emissions of lead and lead compounds, reported as Pb (tonne) |
0.000 |
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Emissions of mercury and mercury compounds, reported as Hg (tonne) |
0.000 |
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Emissions of non-methane Volatile Organic Compounds (VOCs) (tonne) |
0.000 |
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NorthWest Copper is an exploration company with seasonal operations, and as such, the Company is not currently tracking air emissions as this is a non-material issue. NorthWest Copper will measure air emissions in the future as required by environmental authorities and industry best practices. |
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Energy |
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Energy Consumption |
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Total energy consumption within the organization |
219.603 |
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Report the energy owned and controlled by the organization consumed in gigajoules for the following |
219.603 |
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Electricity purchased/generated for consumption (gigajoules, GJ) |
19.430 |
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Heating purchased/generated for consumption (gigajoules, GJ) |
0.000 |
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Cooling purchased/generated for consumption (gigajoules, GJ) |
0.000 |
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Steam purchased/generated for consumption (gigajoules, GJ) |
0.000 |
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Non-renewable fuel consumed (gigajoules, GJ) |
200.173 |
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The following conversion factors were utilized for the calculation.
Aviation gasoline = 33,502 kJ/liter. Automotive gasoline = 33,526 kJ/liter. Diesel motor fuel = 38,290 kJ/liter.
Conversation Factors' Source |
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Renewable fuel consumed (gigajoules, GJ) |
0.000 |
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Energy Management |
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Total energy consumed in aggregate, in gigajoules (GJ) (hydrocarbons and electricity) including the fuel types used (e.g., biomass, hydro-electric power or bioenergy) |
219.603 |
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Percentage energy consumed that was supplied by grid electricity |
8.8478% |
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Percentage of energy consumed that is renewable energy (does not include purchased grid-mix) |
0.0000% |
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Water Management - Stewardship |
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Quality and Quantity Dependency |
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|
Rate the importance (current and future) of freshwater quality and quantity to the success of your business |
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Direct use importance rating |
Important |
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Indirect use importance rating |
Have not evaluated |
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Rate the importance (current and future) of sufficient quantity of recycled, brackish and/or produced water for the success of your business |
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Direct use importance rating |
Have not evaluated |
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Indirect use importance rating |
Have not evaluated |
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Risk Assessments |
|
|
Does your organization undertake a water-related risk assessment |
Yes, water-related risks are assessed |
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Have you identified any inherent water-related risks with the potential to have a substantive financial or strategic impact on operations |
No |
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Opportunity Assessments |
|
|
Have you identified any water-related opportunities with the potential to have a substantive financial or strategic impact on your business |
No |
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Responsibility |
|
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Provide the highest management-level position(s) or committee(s) with responsibility for water-related issues |
Other, please specify |
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Tyler Caswell, VP of Exploration is responsible for managing water-related issues for NorthWest Copper. |
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Policy |
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Does your organization have a documented water policy |
No, but we plan to develop one within the next 2 years |
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Reporting |
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Frequency of reporting to the board on water-related issues |
As important matters arise |
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Incentives |
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Do you provide incentives to C-suite employees or board members for the management of water-related issues |
No, not currently but we plan to introduce them in the next two years |
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Strategy |
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Are water-related issues integrated into any aspects of your long-term strategic business plan |
No, water-related issues not yet reviewed, but there are plans to do so in the next two years |
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Water |
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Water Management |
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Disclose the amount of freshwater water that was consumed in its operations (in thousands of cubic meters) |
0.000 |
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In 2023, NorthWest Copper did not conduct drill programs at its exploration sites. |
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Analyse and list all operations for water risks and identify activities that withdraw and consume water in locations with High (40–80%) or Extremely High (>80%) Baseline Water Stress as classified by the World Resources Institute’s (WRI) Water Risk Atlas tool, Aqueduct |
As per the World Resources Institute's (WRI) Water Risk Atlas Water Stress Baseline, all of NorthWest Copper's operations are located in areas of low water stress. |
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Disclose the freshwater withdrawn in locations with High or Extremely High Baseline Water Stress as a percentage of the total water withdrawn |
0.0000% |
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Disclose freshwater consumed in locations with High or Extremely High Baseline Water Stress as a percentage of the total water consumed |
Does Not Apply |
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Was your organization subject to any fines, enforcement orders, and/or other penalties for water-related regulatory violations |
No |
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Total number of incidents of non-compliance associated with water quality permits, standards, and regulations, including violations of a technology-based standard and exceedances of quality-based standards (note: only those that resulted in a formal enforcement action(s)) |
0 |
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Violations - continuous discharges, limitations, standards, and prohibitions that are generally expressed as maximum daily, weekly average, and monthly average (regardless of their measurement methodology or frequency) |
0 |
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Violations - non-continuous discharges and limitations that are generally expressed in terms of frequency, total mass, maximum rate of discharge, and mass or concentration of specified pollutants (regardless of their measurement methodology or frequency) |
0 |
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Violations - other, please specify |
0 |
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Waste Management |
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Tailings Storage Facilities Management |
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Does your company manage Tailings Storage Facilities |
No |
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Disclose the approach to the development of Emergency Preparedness and Response Plans (EPRPs) |
No EPRPs have been developed in regards to tailings at this point as the Company is not managing any tailings facilities. |
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Innovation |
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Spending on Research, Development, and Technologies for waste management compliance and improvement ($Millions) |
0 |
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Describe nature of spending on Research, Development and Technologies for waste management compliance and improvement |
Waste management compliance and improvement is not currently a material issue for NorthWest Copper at this stage of mineral exploration and development. The Company will evaluate opportunities for waste management and improvement as part of future feasibility studies. |
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Biodiversity |
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Management Plan |
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Describe the environmental and biodiversity management plan(s) implemented at active sites |
NorthWest Copper uses industry best practices to minimize the impact on water quality, and biodiversity.
The Company utilizes programs such as pre- and post-drilling water quality sampling for all drainages potentially affected by exploration activities. We apply best practices for drill site preparation prior to drilling and rehabilitation after drilling is completed to minimize environmental impact and restore vegetation.
NorthWest Copper prepares Wildlife Management and Mitigation Plans for each of its operational projects. The Company also prepares Emergency Management Plans that describe the management of any emergency or environmental incident associated with the operation of our exploration projects.
In 2024, NorthWest Copper will be reviewing and updating these plans based on the scope of work. |
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1.1 Lifecycle stages to which the plan(s) apply |
Exploration and appraisal |
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1.2 The topics addressed by the plan(s) |
• Ecological and biodiversity impacts • Noise impacts • Discharges to water • Hazardous chemical usage |
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1.3 The underlying references for its plan(s), including whether they are codes, guidelines, standards, or regulations; whether they were developed by the entity, an industry organization, a third-party organization (e.g., a non-governmental organization, a governmental agency, or some combination of these groups) |
NorthWest Copper complies with all applicable sections of the Mines Act and of the Health, Safety, and Reclamation Code for Mines in British Columbia (see links below). In addition, the AME Handbook For Mineral and Coal Exploration in British Columbia, a compilation of currently known recommended management practices, is also used (see the link to the Biodiversity Impacts section of this report).
NorthWest Copper conducts water quality analysis as well as collects surface water flow data for its operational projects. These water management programs are prepared by recognized industry professionals with review and input from Indigenous communities.
NorthWest Copper also prepares Wildlife Management and Mitigation Plans for each of its operational projects which reference and follow provincial and federal laws and guidelines. These plans are developed by recognized industry professionals and with review and input from Indigenous communities as part of NorthWest Copper's commitments under its Exploration Agreements. In 2024, we plan to update and improve these plans through collaboration with Indigenous communities. |
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Mines Act
Health, Safety and Reclamation Code for Mines in British Columbia
PDAC Caribou Management Strategies |
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Impacts |
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Does access to the site involve traversing a protected area |
No |
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Do any of the entities concessions share a watershed with a protected area |
Yes |
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Provide context and description of site access involving traversing protected areas, and/or watersheds shared with a protected area. Include reference to measures in place to assure access, any proactive programs to support the biodiversity of the protected area, and any formal complaints or compliance issues and related steps to resolve |
NorthWest Copper projects are primarily accessed via industrial logging roads. No protected areas are traversed to access any of the properties. |
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NorthWest Copper uses industry best practices to ensure that irrespective of whether a watershed is shared with a protected area or not, there is minimal impact on water quality or biodiversity. The Company utilizes programs such as pre- and post-drilling water quality sampling for all drainages affected along with wildlife management plans, and best practices for drill site rehabilitation post-drilling to minimize environmental impact as much as possible.
AME Mineral Exploration Guide
Reclamation Guide for Mineral Exploration
PDAC - First Engagement: A Field Guide for Explorers |
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Percentage of proved reserves in sites with protected conservation status or in areas of endangered species habitat |
Does Not Apply |
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Percentage of probable reserves in sites with protected conservation status or in areas of endangered species habitat |
Does Not Apply |
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Social |
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Scale of the Organization |
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Direct Employee Information |
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Total number of full-time employees |
8 |
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Full-time - Male |
5 |
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Full-time - Female |
3 |
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Total number of part-time employees |
0 |
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Part-time - Male |
0 |
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Part-time - Female |
0 |
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Total number of permanent employees (full-time & part-time) |
8 |
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Permanent employees - Male |
5 |
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Permanent employees - Female |
3 |
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Total number of temporary employees |
0 |
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Temporary employees - Male |
0 |
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Temporary employees - Female |
0 |
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Total number of direct employees (includes full-time, part-time, temporary; exclude workers who are not employees) |
8 |
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Direct employees - Male |
5 |
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Direct employees - Female |
3 |
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Direct employees - Non-binary |
0 |
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Direct employees - Gender not disclosed |
0 |
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Out of the total direct employees, what is the number of non-guaranteed hours direct employees |
0 |
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Non-guaranteed hours - Male |
0 |
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Non-guaranteed hours - Female |
0 |
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Non-guaranteed hours - Non-binary |
0 |
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Non-guaranteed hours - Gender not disclosed |
0 |
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Describe the methodologies and assumptions used to compile the data |
Payroll information |
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Are the numbers reported in head count, full-time equivalent (FTE), or using another methodology |
The numbers reported are full-time equivalent. |
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Are the numbers reported at the end of the reporting period, as an average across the reporting period, or using another methodology |
At the end of the reporting period |
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Workers Who are Not Employees |
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Total number of workers who are not employees and whose work is controlled by the organization (e.g., suppliers, customers, or other business partners, such as in joint ventures) |
0 |
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Total Workforce |
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Total workforce (includes direct employees and workers who are not employees) |
8 |
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Total female workforce |
3 |
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Female workforce as percentage of total employed workforce |
37.5000% |
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Total male workforce |
5 |
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Male workforce as percentage of total employed workforce |
62.5000% |
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Workers who are not employees (contractors) as percentage of total employed workforce |
0.0000% |
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Employment |
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Turnover & Gender Breakdown |
|
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Female direct employees |
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Total number of turnover (the number of females that left during the period) |
2 |
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Rate of turnover, females |
50.0000% |
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Male direct employees |
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Total number of turnover (the number of males that left during the period) |
7 |
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Rate of turnover, males |
82.3529% |
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Report the total number and rate of turnover for all Direct Employees |
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Total number of turnover (the number that left during the period) |
9 |
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Rate of turnover - direct employees |
72.0000% |
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The 2023 turnover rate resulted from a change in the Company's scope of work due to corporate and market conditions which subsequently resulted in a downsizing of the Company's staff. |
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Turnover & Age Breakdown |
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Identify types of employees captured in the turnover rate calculations |
Full-time-equivalent only |
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Employee numbers vary throughout the year based on the nature of the work programs and the budgets allocated to exploration. Employee numbers are given as at year-end. Employee numbers can fluctuate throughout the year based on work programs. |
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Average age of direct employees |
44 |
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Diversity and Equal Opportunity |
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Diversity of Governance Bodies |
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Report the percentage of the diversity categories for the highest governance body and the total workforce per employee type |
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Board of Directors |
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Total Board of Directors |
6 |
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Percent Male |
83.3333% |
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Percent Female |
14.2857% |
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Percent Non-Binary |
0.0000% |
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Percent Gender not disclosed |
0.0000% |
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Percent under 30 years of age |
0.0000% |
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Percent between 30 and 50 years of age |
16.6667% |
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Percent over 50 years of age |
83.3333% |
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Percent minority or vulnerable group individuals in the "Board of Directors" category |
0.0000% |
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Diversity of Direct Employees |
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Senior Management |
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Total Senior Managers |
5 |
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Percent Male |
60.0000% |
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Percent Female |
40.0000% |
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Percent Non-Binary |
0.0000% |
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Information not requested from employees |
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Percent of gender not disclosed |
Does Not Apply |
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Percent under 30 years of age |
0.0000% |
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Percent between 30 and 50 years of age |
60.0000% |
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Percent over 50 years of age |
40.0000% |
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Percent of minority or vulnerable group individuals in the "Senior Management Employee" category |
0.0000% |
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Salaried (excluding Senior Management) |
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Total Salaried (excluding Senior Management) |
3 |
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Percent Male |
66.6667% |
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Percent Female |
33.3333% |
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Percent Gender not disclosed |
Does Not Apply |
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Percent under 30 years of age |
0.0000% |
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Percent between 30 and 50 years of age |
100.0000% |
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Percent over 50 years of age |
0.0000% |
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Labour Relations |
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Collective Bargaining Agreements |
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Percentage of total direct employees covered by collective bargaining agreements |
0.0000% |
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Notice Periods |
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Minimum number of weeks’ notice typically provided to direct employees in the active workforce and their representatives prior to the implementation of significant operational changes that could substantially affect them |
Each employee has a contractually specified notice period, which will depend on the role and seniority of the employee. This aligns with British Columbia's employment and labour laws. |
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Occupational Health and Safety |
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Work-related Injuries |
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Injuries - For the total workforce |
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Number of fatalities as a result of work-related injury |
0 |
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Rate of fatalities resulting from work-related injury. Note: calculating per 200,000 hours worked |
0.000 |
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Number of high-consequence work-related injuries (excluding fatalities) |
0 |
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Rate of high-consequence work-related injuries (excluding fatalities) |
0.000 |
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Number of recordable work-related injuries |
0 |
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Rate of recordable work-related injuries |
0.000 |
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Main types of work-related injury, e.g., confined space, trips, falls, etc |
In this reporting period, there were no work related injuries. |
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Lost Time Injuries (LTIs) |
0 |
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Lost Time Injury Rate (LTIR) |
0.000 |
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Combined (Employees and non-employees, but controlled by the organization): |
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Total number of all work-related injuries |
0 |
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Rate of work-related injuries |
0.000 |
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Total Lost Time Injuries (LTIs) |
0 |
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Lost Time Injury Rate (LTIR) |
0.000 |
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Report the work-related hazards that pose a risk of high-consequence injury, including |
As an exploration Company, the work-related hazards that pose a risk of high-consequence injury include:
1. Transportation to site 2. Trips and falls 3. Working around heavy equipment 4. Environmental hazards (fauna and physical risks) |
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How have these hazards been determined |
NorthWest Copper identified operational risks ahead of the field season. When the season begins, all employees and contractors are required to take a site induction that includes a review of all potential risks. Site managers are required to identify these potential hazards and mitigate them before operation activities begin at each site.
In addition, exploration teams conduct daily safety meetings where any other previously unidentified hazards can be discussed and actions towards eliminating or minimizing these hazards are implemented. |
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Which of these hazards have caused or contributed to high-consequence injuries during the reporting period |
In this reporting period, there were no high- consequence injuries at any of the active exploration sites managed by NorthWest Copper. |
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Actions taken or underway to eliminate these hazards and minimize risks using the hierarchy of controls |
No actions were taken because in this reporting period, there were no high-consequence injuries at any of the active exploration sites managed by NorthWest Copper. |
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Report on actions taken or underway to eliminate other work-related hazards and minimize risks using the hierarchy of controls |
NorthWest Copper identified operational risks ahead of the field season. When the season begins all employees and contractors are required to take a site induction that includes a review of all potential risks. Site managers are required to identify these potential hazards (described above) and mitigate them before operation activities begin at each site.
In addition, exploration teams conduct daily safety meetings where any other previously unidentified hazards can be brought up, discussed and actions towards eliminating or minimizing these hazards are implemented.
Reporting of all incidents, hazards, equipment damage and near misses is mandatory so NorthWest Copper can continually improve to eliminate work-related hazards and minimize risk. |
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Have rates been calculated based on 200,000 or 1,000,000 hours worked |
200,000 |
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Whether and, if so, why any workers have been excluded from this disclosure, including the types of worker excluded, e.g., short-term contractors |
No workers have been excluded from this disclosure. |
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Safety Training |
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Describe any occupational health and safety training provided to workers, including generic training, as well as training on specific work-related hazards, hazardous activities, or hazardous situations |
When the season begins, all employees and contractors are required to take a site induction that includes a review of all potential risks. Site managers are required to identify these potential hazards and mitigate them before operation activities begin at each site. More in depth site or job specific are given based on the role of the employee or contractor.
In addition, pre-shift daily safety meetings take place every day, during there meetings previously unidentified hazards can be discussed and actions towards eliminating or minimizing these hazards are implemented. |
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Disclose the average number of training hours provided to its workforce for health, safety, and emergency management training |
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Average hours of health, safety, and emergency response training for (a) full-time/direct employees |
3.75 |
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Average hours of health, safety, and emergency response training for (b) workers who are not employees (contractors) |
0 |
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Security, Human Rights and Rights of Indigenous People |
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Describe the nature of any social risks, for all operating countries, that could have a material impact on the operations |
Within Canada, social risks material to our operation include the protection of Indigenous and human rights.
NorthWest Copper is committed the United Nations Declaration on the Rights of Indigenous Peoples (UNDRIP) and to the principle of Free, Prior, and Informed Consent (FPIC). Through the establishment of Exploration Agreements with local Indigenous Peoples and through collaborative planning and engagement, NorthWest Copper works to create economic opportunities through employment, training and skills development, and contracting. We also work with communities to manage environmental impacts and to protect cultural heritage where we operate.
Aligning the interests and expectations of Indigenous leadership and communities is a key focus for NorthWest Copper in our commitment to reconciliation and demonstrating respect for the rights of Indigenous Peoples.
NorthWest Copper also works closely with other local communities of interest including guide outfitters to avoid and minimize impacts to their activities. |
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Percentage of proved reserves that are located in or near areas that are considered to be indigenous peoples’ land |
Does Not Apply |
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The total amount of proved reserves |
0.000 |
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Percentage of probable reserves that are located in or near areas that are considered to be indigenous peoples’ land |
Does Not Apply |
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The total amount of probable reserves |
0.000 |
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Which indigenous rights of communities in which the entity operates or intends to operate are respected, provide a description of the entity's due diligence practices and procedures in the details. |
• Use of free, prior, and informed consent (or consultation) processes • The establishment of formal community agreements |
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Details: In 2023, the NorthWest Copper team continued to focus on building our relationships with communities of interest by engaging early and increasing the frequency of information sharing. We worked collaboratively with Indigenous lands and stewardship teams and Indigenous development corporations to understand and incorporate values and interests into our project planning to ensure economic opportunities were identified and sound environmental practices were put in place. We have also continued to provide monthly activities updates reporting out on field activities and engagement with government and other communities of interest.
Throughout 2023, NorthWest Copper engaged and worked closely with five Indigenous communities: • Takla Lake First Nation • Tsay Keh Dene Band • Gitxsan Nation – House of Nii'Gyap Hereditary Chiefs • Nak'azdli Whut'en Nation • McLeod Lake Indian Band
This included implementation of existing exploration agreements, review of new agreements, in person and virtual meetings, and regular communications.
At the beginning of 2023, we reached out to provide an overview of our proposed exploration activities planned at our East Niv, Lorraine-Top Cat and Kwanika-Stardust projects. While there was community support to conduct mineral exploration in 2023, no exploration drill programs, or geological surveys were completed due to market conditions and corporate changes in governance. The management team continued to have dialogue with the communities, keeping them apprised of corporate developments and maintaining our exploration agreements.
Please see the document attached for a description of NorthWest Copper's due diligence practices and procedures with respect to the Indigenous rights of communities in which it operates or intends to operate. |
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Due Diligence Practices and Procedures with Respect to Indigenous Rights 2023 |
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Discuss the practices and procedures while operating in areas of conflict, describing the approach according to the Five-Step Framework outlined in the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas |
NorthWest Copper does not operate in areas of conflict as per SASB EM-MM-210a.3. |
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Community Relations |
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Artisanal and Small-Scale Mining |
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Number of company operating sites where artisanal and small-scale mining (ASM) takes place on, or adjacent to, the site (not controlled by company/unauthorized) |
0 |
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Report the associated risks and the actions taken to manage and mitigate these risks |
Artisanal and small-scale mining is not present or adjacent to NorthWest Copper operations. |
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Discuss the processes, procedures, and practices to manage risks and opportunities associated with the rights and interests of communities in areas where it conducts business |
Please see the document attached for a description of NorthWest Copper's processes, procedures, and practices to manage risks and opportunities associated with the rights and interests of communities. |
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Due Diligence Practices and Procedures with Respect to Indigenous Rights 2023 |
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Programs |
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Report on community relations programs, objectives and achievements in the past 3 years |
NorthWest Copper is committed to reconciliation and acknowledges its mineral tenure and exploration activities occur within the unceded traditional and ancestral territories of the: • Takla Lake First Nation • Tsay Keh Dene Nation • Nak’azdli Whut’en Nation • Gitxsan Nation – House of Nii'Gyap Hereditary Chiefs • McLeod Lake Indian Band
NorthWest Copper’s corporate office in Vancouver is located on the unceded traditional and ancestral territories of the Coast Salish peoples – the Skwxwú7mesh Úxwumixw (Squamish), xwməθkwəy'əm (Musqueam) and səlilwətaɬ (Tsleil- Waututh).
We believe by working collaboratively and empowering communities, mineral exploration can be conducted in an environmentally and culturally respectful manner.
Please see the document attached for a description of NorthWest Copper's Community Relations Programs, Objectives and Achievements in the past 3 years. |
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Community Relations Programs, Objectives and Achievements 2023 |
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Risks and Opportunities |
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Disclose the total number of site shutdowns or project delays due to non-technical factors |
0 |
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Disclose the total aggregate duration (in days) of site shutdowns or project delays due to non-technical factors |
0 |
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Governance |
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Governance structure and composition |
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Describe the governance structure, including committees of the highest governance body (e.g. the Board of Directors, the Executives, the Board Environment Committee, Board Safety Committee, the Advisory Committee, etc.) |
At December 31, 2023, the Company's Board of Directors was comprised of 6 members and the following two standing committees:
1) Audit Committee; 2) Compensation, Governance, and Nominating Committee.
At the Company's 2023 Annual General Meeting, 6 new Directors were elected, replacing 6 incumbent Directors. |
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At December 31, the Company had four Executives: an Executive Chair, the Chief Financial Officer, the VP of Exploration, and the VP of Sustainability.
The President and CEO reported directly to the Board, and the remaining three Executives reported to the President and CEO.
Please see the attached Management Information Circular for more information on the Board and its Committees. |
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Management Information Circular |
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List the committees of the highest governance body that are responsible for decision making and overseeing the management of the organization’s impacts on the economy, environment and people (e.g. Board level Environment Committee, Safety Committee, ESG Committee, Advisory Committee, etc.) |
The Compensation, Governance, and Nominating Committee was principally responsible for providing oversight with respect to:
(i) the protection of the health and safety of the Company’s employees and contractors at its project sites; and, (ii) the conduct of operations in an environmentally and socially responsible manner through the application of prudent and sustainable design and operating practices and the education and training of employees and contractors who work for the Company. |
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Delegation of responsibility for managing impacts |
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Describe whether the highest governance body has appointed any senior executives with responsibility for the management of organization’s impacts on the economy, environment and people (e.g., is it part of the Governance structure of the company, CEO's role, CFO's role, Sustanability Executive, etc.) |
Yes |
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Describe whether the highest governance body has delegated responsibility for the management of impacts to other employees |
Lauren McDougall, CFO is responsible for economic issues and Vesta Filipchuk, VP of Sustainability and Tyler Caswell VP Exploration are responsible for social and environmental matters at NorthWest Copper. All three positions report directly to the President and CEO or Board if there is no President and CEO. |
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Climate-related disclosures |
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Management's role |
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Provide the highest management-level position(s) or committee(s) with responsibility for climate-related policies, strategies and issues |
Chief Executive Officer (CEO) |
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Vesta Filipchuk, VP of Sustainability is responsible for developing future initiatives associated with climate-change management. |
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Nature of primary responsibility |
Both assessing and managing climate-related risks and opportunities |
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Policy commitments |
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Provide a description of the organization’s policy commitments for responsible business conduct |
NorthWest Copper and its team hold integrity and respect at the core of their values. The Company operates under sound Codes of Conduct and Ethics. |
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In its first year, NorthWest Copper undertook a review of its policies and adopted a new Code of Business Conduct and Ethics as well as new Timely disclosure, Confidentiality and Insider Trading policies.
On an annual basis, employees are required to review and sign off on the Code of Conduct and Ethics. In 2022, NorthWest Copper introduced a third-party Whistler Blower reporting mechanism to ensure any matters leading to a contravention of our policy could be reported anonymously.
In 2021, NorthWest Copper undertook a review of these and adopted a new Code of Business Conduct and Ethics as well as new Timely Disclosure, Confidentiality, and Insider Trading policies.
Please refer to the attached links for a copy of these policies and a description of our plans on ethics and integrity in 2023. |
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NorthWest Copper's Ethics and Integrity Plan for 2023 |
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NorthWest Copper's Code of Business Conduct and Ethics |
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NorthWest Copper's Timely Disclosure, Confidentiality and Insider Trading Policy |
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What are (if any) the authoritative intergovernmental instruments that the commitments reference |
TSX Venture Exchange BC Securities Commission Work Safe BC Corruption of Foreign Official Act BC Human Rights Code |
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Do the commitments stipulate conducting due diligence |
The Company expects employees to operate within the policy guidelines and report any unethical behaviour or suspected violations through NorthWest Copper's third-party Whistler Blower framework. |
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Do the commitments stipulate applying the Precautionary Principle or Approach (see instructions). |
No |
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Do the commitments stipulate respecting human rights |
Yes |
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Describe the specific policy commitment to respect human rights |
NorthWest Copper's Code of Business Conduct and Ethics prohibits discrimination as per the BC Human Rights Code. |
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Provide links to the policy commitments, if publicly available, or, if the policy commitments are not publicly available, explain the reason for this |
NorthWest Copper's Code of Business Conduct and Ethics is available at www. sedarplus.com. |
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Sedar Website |
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Report the level at which each policy commitment was approved within the organization, including whether this is the most senior level |
Policies are approved by the Board of Directors.
NorthWest Copper recognizes a need to update its policies to align with standards and plans to review and update as needed. |
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To what extent the policy commitments apply to the organization’s activities and to its business relationships |
NorthWest Copper's policies apply to all employees and officers of the Company. |
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Describe how the policy commitments are communicated to employees, business partners, and other relevant parties |
Employees and Director's review policy commitments upon joining NorthWest, and are generally required to review annually.
A site-specific induction is required for all seasonal exploration field staff, regardless of type or level of employment. In this induction, staff are exposed to respectful workplace policies including the Code of Business Conduct and Ethics, safe behaviour practices, and the Company's Whistleblower policy. |
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Embedding policy commitments |
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Describe how the organization embeds each of its policy commitments for responsible business conduct throughout its activities and business relationships |
NorthWest Copper's Board of Directors and employees are required to acknowledge the Code of Business Conduct and Ethics on an annual basis.
All field staff regardless of type or level of employment are exposed to the Company's commitments to Health and Safety and Code of Conduct. |
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How are responsibilities allocated in order to implement the commitments across different levels within the organization |
NorthWest Copper's Board of Directors is responsible for oversight and ensuring the implementation of policy commitments by the executive team. Project managers are responsible for exploration site-specific implementation of the Company's commitments. |
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Governance structure and composition |
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Describe the composition of the highest governance body and its committees by: |
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Number of executive members (non-independent) |
1 |
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Number of non-executive members (non-independent) |
0 |
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Number of independent members |
5 |
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Less than 3 years of tenure of members on the governance body |
6 |
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3-6 years of tenure of members on the governance body |
0 |
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6-9 years of tenure of members on the governance body |
0 |
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More than 10 years of tenure of members on the governance body |
0 |
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Number of other significant positions and commitments held by each member, and the nature of the commitments |
Please see the link below for a detailed description of the Board of Director's other significant positions and commitments.
Subsequent to December 31, 2023, several members of the Board stepped down and the Company brought in a new director. |
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NorthWest Copper Board of Directors |
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Number of Male governance body members |
5 |
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Number of Female governance body members |
1 |
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Number of Non-Binary governance body members |
0 |
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Number of Gender not disclosed governance body members |
0 |
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Number of members from under-represented social groups |
0 |
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Description of competencies relating to economic, environmental, and social topics |
Please see the link below for a detailed description of the Board of Director's competencies .
Subsequent to December 31, 2023, several members of the Board stepped down and the Company brought in a new director. |
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NorthWest Copper Board of Directors |
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Description of stakeholder representation |
NorthWest Copper is a Canadian exploration company. Our stakeholder representation consists of employees and contractors, service suppliers, local communities, and Indigenous Peoples, as well as our shareholders and providers of capital. |
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Highest Governance Body |
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Describe the nomination and selection processes for the highest governance body and its committees |
The identification of potential candidates for nomination as directors of the Company is done by the Compensation Governance and Nominating Committee, although a formal process has not been adopted. The Compensation Governance and Nominating Committee assesses potential Board candidates to fill perceived needs on the Board for required skills, expertise, independence and other facts. Members of the Board and representatives of the mining industry are consulted for possible candidates. The nominees are generally the result of recruitment efforts by the Board members, including both formal and informal discussions among Board members and the President. |
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Do you have a diversity policy and if so, provide details, link to the policy or attach the file |
No. NorthWest Copper expects to develop a diversity policy in the next years. |
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The Board in 2023 was composed of 5 males and 1 female. NorthWest Copper will be reviewing its Diversity and Inclusion policy with plans to update it in the future. |
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Report the criteria used for nominating and selecting highest governance body members |
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Discuss whether and how views of the stakeholders (including shareholders) are involved |
During the Annual General Meeting (AGM) shareholders have the opportunity to nominate candidates for the Board of Directors and can vote on the Company's nominees. |
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Discuss whether and how diversity is considered |
Although NorthWest Copper does not currently have a Diversity Policy, consideration is given to ensuring the Board considers diverse candidates. |
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Discuss whether and how independence is considered |
The Board takes independence into account when considering Board size and committee memberships. The Board ensures that the majority of Board members are independent. |
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Discuss whether and how competencies relevant to the impacts of the organization are considered |
When considering Board size and potential candidates the Board evaluates the skills of current Board members to identify areas where the Board skills could be strengthened. |
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Chair of the highest governance body |
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Is the chair of the highest governance body also a senior executive in the organization (non-independent) |
Yes |
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If the chair is also a senior executive, explain their function within the organization’s management, the reasons for this arrangement, and how conflicts of interest are prevented and mitigated |
At December 31, 2023, NorthWest's Board Chair held the position of executive chair on an interim basis as the Company undertook recruitment activities for a replacement President and CEO. |
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Conflicts of Interest |
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Describe the processes for the highest governance body to ensure that conflicts of interest are prevented and mitigated |
The Company has established a Code of Business Conduct and Ethics that provides guidelines on avoiding and managing conflicts of interest. |
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Code of Business Conduct and Ethics |
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Are conflicts of interest disclosed to stakeholders |
Yes |
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Are there conflicts of interest related to: cross-board membership |
No |
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Are there conflicts of interest related to: cross-shareholding with suppliers and other stakeholders |
Yes |
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Are there conflicts of interest related to: existence of controlling shareholder |
Yes |
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Are there conflicts of interest related to: related parties, their relationships, transactions, and outstanding balances |
Yes |
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Collective knowledge of highest governance body |
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Report measures taken to advance the collective knowledge, skills and experience of the highest governance body on sustainable development. (e.g. board training) |
NorthWest Copper has not provided formal Board training on ESG topics. NorthWest Copper's management team provides regular updates to the Board on social and environmental matters to ensure the Board of Directors are well versed on ESG issues that specifically pertain to the Company's exploration activities. |
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Transparency |
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Describe the role of the highest governance body and of senior executives in developing, approving and updating the organization’s purpose, value or mission statements, strategies, policies and goals related to sustainable development |
The Board of Directors, under the advice of the Company's CEO, VP of Exploration and VP of Sustainability, is mandated with assessing, developing and approving NorthWest Copper's purpose, values, mission statements and all strategies, policies and goals related to economic, environmental and social topics. |
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Describe the role of the highest governance body in overseeing the organization’s due diligence and other processes to identify and manage the organization’s impacts on the economy, environment and people |
Subsequent to the 2023 Annual General Meeting, the Compensation Governance and Nominating Committee was responsible for identifying and managing economic, environmental and social topics. |
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Describe whether and how the highest governance body engages with stakeholders to support these processes |
Yes, the Board of Directors receives periodic management reports on social and environmental matters that specifically pertain to the Company's exploration activities. |
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Describe how the highest governance body considers the outcomes of these processes |
Stakeholder feedback to the Company is evaluated periodically and as required by the Board of Directors. The Board may develop action plans to address stakeholder issues and concerns and task Company executives or specific Board members with the implementation of the Board's recommended actions. |
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Ethics |
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Ethics and Integrity |
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Describe how individuals can seek advice on implementing the organization’s policies and practices for responsible business conduct |
The Company's Code of Ethics is available on the Company's SEDAR + profile at www. sedarplus.com.
The Company's policies and practices are embedded in the Code of Ethics. Individuals seeking advice on the implementation of the Company's policies and practices are encouraged to reach out to NorthWest Coppers' CFO or use the third party whistleblower system. |
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<style isUnderline="true" forecolor=" #8A3970"><a href=" www. sedarplus. com." type="Reference" target="_blank">Sedar Website</a></style> |
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Describe the mechanisms for individuals to raise concerns about the organization’s business conduct |
The Company employs a third party whistleblower system that allows individuals to submit anonymously. The contact information is contained in the Company's Code of Ethics, as well as posted at the Company's office and project sites. |
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Compliance with laws and regulations |
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Report the total number of significant instances of non-compliance with laws and regulations that occurred during the reporting period and a breakdown of this total by |
0 |
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Number of instances for which fines were incurred |
0 |
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Number of instances for which non-monetary sanctions were incurred |
0 |
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Report the total number of fines for instances of non-compliance with laws and regulations that were paid during the reporting period |
0 |
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Report the monetary value of fines for instances of noncompliance with laws and regulations that were paid during the reporting period ($) |
0 |
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Total number of fines paid for instances of non-compliance with laws and regulations that occurred in the current reporting period |
0 |
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Total monetary value of fines for instances of non-compliance with laws and regulations that occurred in the current reporting period ($) |
0 |
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Total number of fines paid for instances of non-compliance with laws and regulations that occurred in previous reporting periods |
0 |
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Total monetary value of fines for instances of non-compliance with laws and regulations that occurred in previous reporting periods ($Million) |
0 |
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Describe the significant instances of non-compliance |
NorthWest Copper is in compliance with all federal and provincial environmental laws and/or regulations administered by the ministries of Environment, Energy, Mines and Low-Carbon Innovation, and Forest Lands and Natural Resources. |
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Describe the management system and due diligence procedures for assessing and managing corruption and bribery risks internally and associated with business partners in its value chain |
The Company has established a Code of Business Conduct and Ethics that provides guidelines on avoiding and managing corruption and bribery risks. |
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NorthWest Copper Corp. Code of Business Conduct and Ethics |
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If applicable, discuss operations that are located in countries with low rankings in the index but present low business ethics risks; the entity may provide similar discussion for operations located in countries that do not have one of the 20 lowest rankings in the index but that present unique or high business ethics risks |
Not applicable. |
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Anti-Corruption |
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Confirmed Incidents and Response |
|
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Total number and nature of confirmed incidents of corruption |
0 |
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Total number of confirmed incidents in which employees were dismissed or disciplined for corruption |
0 |
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Total number of contracts terminated or not renewed with business partners due to corruption related violations |
0 |
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Number of public legal cases brought against the organization or its employees during the reporting period related to corruption and the outcomes of such cases |
0 |
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Provide details, if there were such public legal cases brought against the organization or its employees during the reporting period related to corruption and the outcomes of such cases |
Not applicable. |
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Communication and Training |
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Total number of governance body members that the organization's anti-corruption policies and procedures have been communicated to |
6 |
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Total percentage of governance body members that have been communicated to on anti-corruption |
100.0000% |
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Anti-corruption policies and procedures communication to direct employees by type: |
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Total number of the direct employees that have been communicated to on anti-corruption |
8 |
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Total percentage of the direct employees that have been communicated to on anti-corruption |
100.0000% |
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Communication of critical concerns |
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Describe whether and how critical concerns are communicated to the highest governance body |
There is open communication between NorthWest's executive team and the Board of Directors. Additionally, NorthWest's executive team presents regularly to the Board of Directors at Board meetings. |
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Report the number of critical concerns that were communicated to the highest governance body during the reporting period |
0 |
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Report the nature of critical concerns that were communicated to the highest governance body during the reporting period |
Not applicable. |
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Remuneration |
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Report which of the following remuneration policies apply to the highest governance body and senior executives: |
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Fixed pay |
Yes |
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Variable pay |
No |
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Performance-based pay |
No |
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Equity-based pay |
Yes |
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Bonuses |
Yes |
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Deferred and vested shares |
No |
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Sign-on bonuses |
No |
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Recruitment incentive payments |
No |
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Termination payments |
Yes |
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Clawbacks |
No |
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Retirement benefits, including the difference between benefit schemes and contribution rates for the highest governance body, senior executives and all other employees |
No |
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Describe how the remuneration policies for members of the highest governance body and senior executives relate to their objectives and performance in relation to the management of the organization’s impacts on the economy, environment and people |
NorthWest Copper prioritizes efforts in Environment, Social, and Governance as a reflection of our values.
Currently, Board remuneration is a set quarterly fee and is not linked to economic, environmental, and social topics. |
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Do you provide incentives for the management of climate-related issues, including the attainment of targets |
No, not currently but we plan to introduce them in the next two years |
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Describe the process for designing its remuneration policies and for determining remuneration |
The Board monitors compensation of the Directors and Executive Officers of the Company, with the assistance of the Compensation, Governance and Nominating Committee, and considers such factors as (i) recruiting and retaining executives critical to the success of the Company and the enhancement of Shareholder value, (ii) providing fair and competitive compensation; (iii) balancing the interests of management and the Shareholders; and (iv) rewarding performance, both on an individual basis and with respect to operations in general. To assist the Board in determining compensation payable, the Compensation, Governance, and Nominating Committee periodically reviews compensation paid for Directors and CEOs of companies of similar size and stage of development in the mineral exploration/mining industry and annually determines an appropriate compensation reflecting the need to provide incentive and compensation for the time and effort expended by the Directors and senior management while taking into account the financial and other resources of the Company. |
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Are independent members of the highest governance body or an independent remuneration committee overseeing the remuneration process |
Yes |
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How the views of stakeholders (including shareholders) regarding remuneration are sought and taken into consideration |
The compensation of the Board, CEO, and CFO are disclosed annually in the Company's Management Information Circular or Statement of Executive Compensation in advance of the Company's Annual General Meeting. Additionally, the Company presents its Equity Incentive Plan annually to shareholders for approval. |
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Describe whether remuneration consultants are involved in determining remuneration and, if so, whether they are independent of the organization, its highest governance body and senior executives |
No consultants |
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Report the results of votes of stakeholders (including shareholders) on remuneration policies and proposals, if applicable |
At the Company's 2023 Annual General Meeting, shareholders approved the Company's Equity Incentive Plan. |
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Stakeholder Engagement |
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Provide a list of stakeholder groups engaged by the organization |
• Investors • Local communities • Local government bodies • Regulatory authorities • Other • Suppliers and contractors • Consultants (professional services) |
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Report the basis for identifying and selecting stakeholders with whom to engage |
NorthWest Copper engages on a regular basis to ensure those with an interest in the company are kept apprised of our activities. |
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Report the purpose of the stakeholder engagement |
NorthWest Copper engages with communities of interest to conduct its operations in a socially and environmentally responsible manner. |
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Report the organization’s approach to stakeholder engagement, including frequency of engagement by type |
Engagement is done on a regular and ongoing basis using a variety of formats including in person meetings, monthly updates, emails, telephone and virtual meetings. |
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Tax |
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Describe the approach to stakeholder engagement and management of stakeholder concerns related to tax, including |
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The approach to engagement with tax authorities |
NorthWest Copper has engaged a third party tax consultant who prepares all tax-related filings. The Company endeavors to remit all tax filings to the CRA within the pre-determined timeframes, and responds to inquiries and requests from the CRA in a timely manner. |
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The approach to public policy advocacy on tax |
NorthWest Copper does not conduct advocacy on tax issues. The Company could potentially support third party advocacy as members of industry associations. |
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The processes for collecting and considering the views and concerns of stakeholders, including external stakeholders |
NorthWest Copper does not conduct advocacy on tax issues. The Company could potentially support third party advocacy as members of industry associations. |
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This document was prepared using |
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, Planet Earth's complete ESG reporting solution. |
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