Hycroft Mining Holding Corp.
2023 ESG Report
Published on June 11, 2024
Hycroft Mining Holding Corporation is a US-based gold and silver company exploring and developing the Hycroft Mine, one of the world's largest precious metals deposits located in northern Nevada, a Tier-1 mining jurisdiction.
Disclaimer and Forward Looking Statements
Company Profle
Organizational Profle
Name | Hycroft Mining Holding Corp. |
Describe nature of activities, brands, products and services | After a long history of oxide heap leaching |
operations, the Company is focused on | |
completing the technical studies to transition | |
the Hycroft Mine into a milling operation for | |
processing the sulfde ore. In addition, the | |
Company is engaged in a robust exploration | |
drill program to unlock the full potential of our | |
expansive +64,000-acre land package, of which | |
less than 10% has been explored. In 2023, | |
Hycroft announced the discovery of a new | |
high-grade silver system within the known | |
resource area and the delineation of two new | |
high-grade silver trends. These discoveries | |
represent a signifcant new value driver for the | |
Hycroft Mine that the Company is following up | |
on with additional drilling in 2024. | |
Link to Corporate Website | https://hycroftmining.com/ |
Industry Classifcation | NAICS: |
21 Mining, quarrying, and oil and gas extraction | |
212 Mining and quarrying (except oil and gas) | |
21222 Gold and silver ore mining | |
212220 Gold and silver ore mining | |
ISIC: | |
B0729 Mining of other non-ferrous metal ores | |
Market Capitalization | $0-$100Million USD |
Type of Operations | Gold and Silver Mining Company |
Company Headquarters | Virtual, United States of America |
ESG Accountability | |
Role and Name of highest authority within company for Environment, Social and Governance | David Thomas, SVP Operations & General |
strategy, programs and performance | Manager |
GRI Reporting Requirements | |
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 defned | |
below | |
This is the frst year reporting utilizing GRI | |
Standards. | |
ESG Reporting Period | |
Unless otherwise noted, all data contained in this report covers the following period | |
From | 2023-01-01 |
To | 2023-12-31 |
External Assurance |
Describe your company's policy and practice for seeking external assurance, including whether and | Hycroft is fully compliant with state and federal |
how the highest governance body and senior executives are involved | governing bodies. Senior Management has |
signed off on the commitment to operational | |
excellence. | |
Has the report been externally assured | No |
Financial Reporting Period
Does the fnancial reporting period align with the sustainability reporting period (eg. calendar vs | Yes |
fscal) |
Geographic Scope of Report
Unless otherwise noted, the data in this report covers sustainability matters related to the following | United States of America |
locations of operations |
State of Nevada - Project
Location
Identify notable exclusions of the geographical and/or business scope of the report, and reference of | None. |
any existing or planned reports that do or will address these (e.g., assets recently divested or | |
acquired, non-managed joint ventures, specifc exploration activities, recently closed sites, etc.) |
Reporting Practice
Is the data and assumptions used in preparing the sustainability-related fnancial disclosures | Yes |
consistent (to the extent possible considering the requirements of IFRS Accounting Standards or | |
other applicable GAAP) with the corresponding data and assumptions used in preparing the related | |
fnancial statements. | |
Provide the full contact details (name, title, address, email and/or phone number) for an individual | David Thomas, SVP and General Manager |
responsible to address questions regarding the report or its contents | |
E: david.thomas@hycroftmining.com | |
T: +1 (775) 623-5260 | |
Currency | |
Unless otherwise noted, all fnancial fgures referenced in this report are in the following currency | USD |
Membership of Associations | |
List of the industry associations, other membership associations, and national or international | Society of Mining Engineers; Nevada Mining |
advocacy organizations in which the organisation participates in a signifcant role, as well as any | Association |
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. | |
Scale of the Organization | |
Describe how the organization defnes its "Operation" | Hycroft Mining is a gold and silver exploration |
and development company that owns the | |
Hycroft Mine in the prolifc mining region of | |
Northern Nevada. We currently have 77 | |
employees. |
Report the total number of operations
Hycroft Mine
1
The Hycroft Mine consists of 30 private parcels with patented claims that comprise approximately 1,787 acres, and 3,247 unpatented mining claims that encompass approximately 62,298 acres. The combined patented and unpatented claims comprise approximately 64,000 acres. On May 15, 2023, the Company expanded its holdings by acquiring a 50% undivided interest in three additional mining claims, totaling approximately 60 acres.
Existing facilities on-site include two administration buildings, a mobile maintenance shop, a light vehicle maintenance shop, a warehouse, three Heap Leach Pads (Crofoot, North, and Brimstone), primary, secondary, and tertiary crushing systems, two Merrill-Crowe process plants, and a refnery. Slopes on the historic Crofoot Heap Leach Pad are being re-
graded in accordance with the reclamation plan | |
approved by the BLM. It is considered that the | |
other existing components of the mine | |
property may be utilized for future | |
development. The Hycroft Mine operates | |
under permit authorizations from the BLM, | |
NDEP, NDOW, Nevada Department of Water | |
Resources ("NDWR"), and County agencies. | |
Report the quantity of products or services provided during the reporting period and provide | The Company currently has no commercial |
description (e.g. number of units produced, amount of primary commodity produced, number of | mining operations or sustaining revenue from |
services provided, etc.) | the exploration, development and care and |
maintenance operations currently conducted at | |
the Hycroft Mine. | |
Our property, the Hycroft Mine, historically | |
operated as an open-pit oxide mining and heap | |
leach processing operation and is located | |
approximately 54 miles northwest of | |
Winnemucca, Nevada. Mining operations at the | |
Hycroft Mine were restarted in 2019 on a pre- | |
commercial scale and discontinued in | |
November 2021 as a result of the then-current | |
and expected ongoing cost pressures for many | |
of the reagents and consumables used at the | |
Hycroft Mine and to further determine the | |
most effective processing method for the | |
sulfde ore. We do not expect to generate | |
revenues from gold and silver sales until after | |
further developing the Hycroft Mine and | |
recommencing mining and processing | |
operations. |
Fragile and Confict-Affected Situations
Identify all of the entity's countries of operations that align with the World Bank's list of "Fragile and | None |
Confict-Affected Situations" |
Mineral Resource Types in Scope
Which of the following mineral resource types are covered by this report
• Inferred
• Indicated
• Measured
The Hycroft Mine has measured and indicated | |
mineral resources of 10.6 million ounces of gold | |
and 360.7 million ounces of silver and inferred | |
mineral resources of 3.4 million ounces of gold | |
and 96.1 million ounces of silver, which are | |
contained in oxide, transitional, and sulfde | |
ores. (2023 Hycroft TRS) | |
Hycroft Mine Mineral Resources | |
Mineral Reserve Types in Scope | |
Which of the following mineral reserve types are covered by this report | None |
Strategy | |
Link to company's statements of: Purpose, Vision, Mission and Values; Sustainability/ESG strategy | https://hycroftmining. |
(URL) | com/sustainability/overview/ |
Provide a statement from the highest governance body or most senior executive of the organization | Please refer to the CEO Statement attached. |
(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) |
CEO Statement
Diane Garrett, CEO
Material Topics
Governance of Material Topics
Describe the process followed to determine the organization's material topics | Management conducts a quarterly risk analysis |
internally and with input from the Board of | |
Directors. | |
How did the organization identify the material topics | |
• Financial statement analysis | |
• Materiality Assessment | |
• Environmental impact assessment | |
How did the organization prioritize the impacts based on their signifcance | Risk prioritization based on permitting, legal |
and regulatory requirements and economic | |
outcomes. | |
Specify the stakeholders and experts whose views have informed the process of determining its | |
material topics and provide details | • Employees and other workers |
• Governments | |
• Local communities | |
• Shareholders and other capital providers | |
• Suppliers | |
List the organization's material topics | |
• Local Communities | |
• Human Rights and Rights of Indigenous | |
People | |
• Water and Effuents | |
• Air Emissions & Pollution | |
• Greenhouse Gas Emissions | |
• Closure or Decommissioning | |
• Workforce Health and Safety | |
List the organization's non-material topics | |
• Child Labour | |
• Forced or Compulsory Labour | |
• Land Acquisition and Involuntary | |
Resettlement | |
• Equal Remuneration for Women and Men | |
• Diversity, Equal Opportunity & Inclusion | |
• Community Health, Safety, and Security | |
• Living Income and Living Wage | |
• Biodiversity | |
• Security | |
Provide reasons for considering such topics not material, provide details | Other, please specify |
The non-material topics listed are still very | |
important factors that play a role in the | |
permitting process and our daily activities. Due | |
to the exploration and engineering stage of our | |
company and the location of our asset, we | |
believe that they do not have a material impact | |
on our current activities. | |
Report changes to the list of material topics compared to the previous reporting period | Hycroft is submitting this initial report for |
2023. | |
For the top 5 material topics, the reporting organization shall report the following information: | |
Topic #1 | Workforce Health and Safety |
An explanation of why the topic is material; describe the actual and potential, negative and positive | Our employees are our most valuable asset and |
impacts on the economy, environment, and people, including impacts on their human rights | thus safety is the central focus of our business |
operations. It protects our most valuable asset - | |
as well as our shareholders' investment. | |
How is the topic connected to the entity's strategy and fnancial performance | A good safety culture attracts talent and |
protects our workforce and shareholders. | |
Where the impacts occur | Impacts may occur throughout our daily |
activities. | |
Report whether the organization is involved with the negative impacts through its activities or as a | Both activities and business relationships |
result of its business relationships, and describe the activities or business relationships | |
Describe/provide a link to the corporate policies or commitments regarding the topic | Please refer to our Sustainability Policy at the |
link provided below. | |
Sustainability Policy |
Explain how the organization manages the topic and actions to prevent or mitigate potential | Extensive and ongoing safety training for our |
negative impacts | employees, contractors, vendors, and any other |
visitor coming to site. | |
Describe actions to address actual negative impacts, including actions to provide for or cooperate in | Any employee has the right and ability to shut |
their remediation | the operation down if a perceived or real |
unsafe condition is occurring or about to occur, | |
e.g., "miners' rights". | |
Describe actions to manage actual and potential positive impacts | Engaged in continuous improvement of our |
safety culture. | |
Report the processes used to track the effectiveness of the actions; | |
• Internal auditing | |
• External auditing or verifcation | |
• Impact assessments | |
• Measurement systems | |
• Benchmarking | |
• External performance ratings | |
• Stakeholder feedback | |
• Grievance mechanisms | |
Report the goals, targets, and indicators used to evaluate progress; | Corporate goal is 0 TRIFR and 0 LTI and |
exceeding industry average standard rating. | |
Report the effectiveness of the actions, including progress toward the goals and targets; any related | The Company has achieved over 1.4 million |
adjustments | man hours worked without an LTI surpassing |
the industry standard. | |
Lessons learned and how these have been incorporated into the organization's operational policies | Mandatory behavioral safety training programs |
and procedures | with aggressive employee engagement and |
continuous improvement in systems. | |
Describe how engagement with stakeholders has informed the actions taken and how it has | All stakeholders have input to the continuous |
informed whether the actions have been effective | improvement program by identifying hazards |
and unsafe conditions. | |
In addition, the above is supported by our daily | |
and monthly site wide safety meetings. | |
Topic #2 | Water and Effuents |
An explanation of why the topic is material; describe the actual and potential, negative and positive | Hycroft is currently an exploration and |
impacts on the economy, environment, and people, including impacts on their human rights | development company and is obligated to |
perform regular monitoring, sampling, and | |
reporting activities to Nevada Department of | |
Environmental Protection (NDEP). | |
In 2023, Hycroft had zero non-conformances | |
and zero violations from the water samples | |
collected at the monitoring wells around the | |
site. However, in the future, Hycroft may have | |
operations with the potential to positively and | |
negatively affect this environmental | |
resource. Hycroft is mindful of the necessary | |
environmental conservation measures required | |
to manage water. Wherever possible, Hycroft | |
will instill a mandate of high-quality | |
management practices to reuse, recycle, and | |
reduce water consumption as an example of | |
our commitment to responsible mining. In the | |
future, challenges will emerge, but Hycroft will | |
address these by installing state of the art | |
technical equipment, practices, procedures, and | |
people capable of minimizing any negative | |
impacts to the local community and aquatic | |
habitats. Addressing these challenges remains | |
pivotal for ensuring economic development | |
with environmental and social considerations. | |
How is the topic connected to the entity's strategy and fnancial performance | Maintaining environmental compliance, |
including water management is a key priority | |
for Hycroft. | |
Where the impacts occur | Impacts may occur as a result of direct |
activities under the Company's operational | |
control. | |
Report whether the organization is involved with the negative impacts through its activities or as a | Activities |
result of its business relationships, and describe the activities or business relationships | |
Describe/provide a link to the corporate policies or commitments regarding the topic | Please refer to our Sustainability Policy at the |
link provided below. |
Sustainability Policy | |
Explain how the organization manages the topic and actions to prevent or mitigate potential | Hycroft is a zero-discharge site for |
negative impacts | water. Therefore all wastewater must be |
treated and/or contained within the existing | |
facilities, unless otherwise formal permitted | |
exceptions granted through the regulatory | |
agencies. | |
Describe actions to address actual negative impacts, including actions to provide for or cooperate in | Please refer to the answer provided above. |
their remediation | |
Describe actions to manage actual and potential positive impacts | Not applicable to this topic in this reporting |
period. | |
Report the processes used to track the effectiveness of the actions; | |
• Internal auditing | |
• External auditing or verifcation | |
• Measurement systems | |
Report the goals, targets, and indicators used to evaluate progress; | Hycroft Mining strives for zero noncompliances |
issued from the overseeing regulatory agencies. | |
Report the effectiveness of the actions, including progress toward the goals and targets; any related | In 2023, there were zero environmental |
adjustments | noncompliances issued from the overseeing |
regulatory agencies. | |
Lessons learned and how these have been incorporated into the organization's operational policies | Not applicable to this reporting period. |
and procedures | |
Describe how engagement with stakeholders has informed the actions taken and how it has | Not applicable to this reporting period. |
informed whether the actions have been effective | |
Topic #3 | Air Emissions & Pollution |
An explanation of why the topic is material; describe the actual and potential, negative and positive | Hycroft is currently an exploration and |
impacts on the economy, environment, and people, including impacts on their human rights | development company and is obligated to |
perform regular monitoring, sampling, and | |
reporting activities to Nevada Department of | |
Environmental Protection (NDEP). | |
In 2023, Hycroft had zero non-conformances | |
and zero violations from the air samples | |
collected at the monitoring wells around the | |
site. However, in the future, Hycroft will have | |
operations with the potential to positively and | |
negatively affect this environmental | |
resource. Hycroft is mindful of the necessary | |
environmental conservation measures required | |
to manage air and dust emissions. Wherever | |
possible, Hycroft will install air control devices | |
and procedures to reduce negative emissions as | |
an example of our commitment to responsible | |
mining. The company will train operators to | |
recognize harmful conditions and proactively | |
implement practices that will control air | |
emissions. The company recognizes that there | |
will be changes in environmental conditions | |
that will require the installation of state-of-the- | |
art technical equipment, practices, procedures, | |
and people capable of minimizing any negative | |
impacts to the local community and avian | |
habitats. Addressing these challenges remains | |
pivotal for ensuring economic development | |
with environmental and social considerations. | |
How is the topic connected to the entity's strategy and fnancial performance | Maintaining environmental compliance, |
including air and pollution control management | |
is a key priority for Hycroft. | |
Where the impacts occur | Impacts may occur as a result of direct |
activities under the Company's operational | |
control. | |
Report whether the organization is involved with the negative impacts through its activities or as a | Activities |
result of its business relationships, and describe the activities or business relationships | |
Describe/provide a link to the corporate policies or commitments regarding the topic | Please refer to our Sustainability Policy at the |
link provided below. | |
Sustainability Policy | |
Explain how the organization manages the topic and actions to prevent or mitigate potential | Hycroft has established baseline limits for air |
negative impacts | and pollution emissions. |
Hycroft is an exploration company with very | |
low potential for air and pollution | |
emissions. However, air and pollution | |
monitoring stations are in place to measure and | |
report these conditions to the | |
regulators. Operators are trained to recognize | |
high dust opacity conditions and to implement | |
necessary corrective action up to and including, | |
terminating the use of equipment, redirecting | |
traffc fow, and / or changing road conditions | |
by adding a topical solution. | |
Describe actions to address actual negative impacts, including actions to provide for or cooperate in | Please refer to the answer provided above. |
their remediation | |
Describe actions to manage actual and potential positive impacts | Not applicable to this topic in this reporting |
period. | |
Report the processes used to track the effectiveness of the actions; | |
• Internal auditing | |
• External auditing or verifcation | |
• Stakeholder feedback | |
• Grievance mechanisms | |
• Measurement systems | |
Report the goals, targets, and indicators used to evaluate progress; | Hycroft Mining strives for zero noncompliances |
issued from the overseeing regulatory agencies. | |
Report the effectiveness of the actions, including progress toward the goals and targets; any related | In 2023, there were zero environmental |
adjustments | noncompliances issued from the overseeing |
regulatory agencies. | |
Lessons learned and how these have been incorporated into the organization's operational policies | Not applicable to this reporting period. |
and procedures | |
Describe how engagement with stakeholders has informed the actions taken and how it has | Not applicable to this reporting period. |
informed whether the actions have been effective |
Supply Chain
Provide a description of the organization's supply chain, including the types of suppliers (e.g., | Heavy equipment repair and service parts. |
equipment, consumables, logistics, brokers, contractors, wholesalers, etc.) | |
Hycroft Resources suppliers provide | |
maintenance, repair and operational (MRO) | |
goods and services related to the mining | |
industry. Typical purchases include mining | |
equipment repair and service parts, e.g. flters, | |
pumps, valves, pipe, fttings; bulk reagents / | |
chemicals, bulk diesel fuel, gasoline, etc. | |
Purchases are typically direct to a local | |
supplier, distributor, or manufacturer's | |
representative. Large capital purchases, e.g. | |
mill / process equipment, may be made direct to | |
the manufacturer. | |
Total estimated number of suppliers throughout its supply chain and in each tier (e.g., frst tier, | 2,699 |
second tier) | |
Estimated number of frst tier suppliers | 2,699 |
Estimated number of second tier suppliers | 0 |
Estimated number of third tier suppliers | 0 |
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 | |
• Construction materials | |
• Chemicals | |
• Others, please specify | |
• Suppliers provide goods, repair parts and | |
replenishment MRO inventory items. | |
• A number of suppliers provide repair / | |
rebuild services for equipment. | |
• We have rental agreements with suppliers | |
for equipment we don't have. | |
• We utilize a number of consultants who |
provide industry expertise for the mining | |
industry, e.g. environmental specialists. | |
What is the nature of its business relationships with its suppliers | |
• Short-term | |
• Contractual | |
• Non-contractual | |
• Event-based | |
• Project-based | |
The sector-specifc characteristics of its supply chain | |
• Labour-intensive | |
• Other, please specify | |
• Suppliers provide goods, repair parts and | |
replenishment MRO inventory items. | |
• A number of suppliers provide repair / | |
rebuild services for equipment. | |
• We have rental agreements with suppliers | |
for equipment we don't have. | |
• We utilize a number of consultants who | |
provide industry expertise for the mining | |
industry, e.g. environmental specialists. | |
The estimated monetary value of payments made to all suppliers (currency, Millions) | 5.000 |
In 2023, total goods and services spent on | |
suppliers, contractors, service providers and | |
rental equipment was approximately $4.6M | |
USD. | |
The geographic location of its suppliers | United States of America |
Environment
Climate Change - Stewardship
Strategy
Have climate-related risks and opportunities infuenced your organization's strategy and/or fnancial planning
Yes
Hycroft's focus on exploration and development for extraction of gold and silver metals is aligned with the demand for green technologies, especially silver which is used in solar power generation and a wide range of electronics.
At this time, we haven't conducted a focused climate-related risk assessment due to our current focus on resource
estimation. However, we acknowledge the importance of climate considerations for mine design and risk management. In addition, our projects are subject to various federal and state laws and regulations governing protection of the environment. These laws and regulations are continually changing and, in general, are becoming more restrictive, which exposes our operations to transitional climate risk.
Does your organization have a process for identifying, assessing, and responding to climate-related risks and opportunities
No - important but not an immediate business priority
Hycroft recognizes that the potential physical impacts of climate change on the Company's development activities or future operations are highly uncertain and would be particular to the areas in which the Company operates. These climate changes may include changes in rainfall and storm patterns and intensities, water shortages, and changing temperatures. These changes in climate could materially adversely affect mining operations, including by affecting the moisture levels and pH of ore on leach pads, could materially and adversely affect the cost to construct and operate the Hycroft Mine, and materially and adversely affect the Company's fnancial performance and operations.
Risk Assessments
Have you identifed any inherent climate-related risks with the potential to have a substantive fnancial or strategic impact on your business
No - risks exist, but none with potential to have a substantive fnancial or strategic impact on business
Opportunity Assessments
Have you identifed any climate-related opportunities with the potential to have a substantive fnancial or strategic impact on your business
Other, please specify
Hycroft is assessing the opportunity to convert SO2 emissions into sulfuric acid production. This would reduce future harmful air emissions into a saleable product.
Business model and value chain
Describe the current and anticipated effects of climate-related risks and opportunities on the | Minimal |
entity's business model and value chain | |
Describe where in the entity's business model and value chain climate-related risks and | Minimal |
opportunities are concentrated (for example, geographical areas, facilities and types of assets) | |
Hycroft is an exploration company on an ore | |
body that is millions of years old. Climate | |
changes have minimal impact on our ability to | |
assess the terrain, identify drilling targets, drill | |
the ore body, and / or assess the drill core. We | |
recognize that climate changes have occurred | |
in the past and may occur in the | |
future. However, these changes will have | |
minimal impact on the current business. | |
Strategy and decision-making | |
Disclose current and anticipated changes to the entity's business model, including its resource | Future Process Plant design will seek to |
allocation, to address climate-related risks and opportunities (for example, these changes could | maximize recyclable water, minimize fuel |
include plans to manage or decommission carbon-, energy- or water-intensive operations; resource | consumption, and sale by-products including |
allocations resulting from demand or supply-chain changes; resource allocations arising from | power back to the grid. |
business development through capital expenditure or additional expenditure on research and | |
development; and acquisitions or divestments) | |
Disclose current and anticipated direct mitigation and adaptation efforts (for example, through | Future equipment selection will focus on |
changes in production processes or equipment, relocation of facilities, workforce adjustments, and | minimizing fuel and power consumption. |
changes in product specifcations) | |
Risk management: Processes and policies | |
What is the extent to which, and how, the processes for identifying, assessing, prioritising and | Climate-related risks are included in the risk |
monitoring climate-related risks and opportunities are integrated into and inform the entity's overall | registry with all of the other business and |
risk management process | operational risks. |
Greenhouse Gas Emissions | |
Scope 1 | |
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) | |
Fuel related (CF₄) (tonne CO₂-e) | 0.298 |
Fuel related (N₂O) (tonne CO₂-e) | 0.059 |
Carbon dioxide (CO₂) (tonne CO₂-e) | 7,764.098 |
Methane (CH₄) (tonne CO₂-e) | 7.450 |
Nitrous oxide (N₂O) (tonne CO₂-e) | 17.582 |
Hydrofuorocarbon-23 (CHF₃) (tonne CO₂-e) | 0.000 |
Hydrofuorocarbon-32 (CH₂F₂) (tonne CO₂-e) | 0.000 |
Sulphur hexafuoride (SF₆) (tonne CO₂-e) | 0.000 |
Nitrogen trifuoride (NF₃) (tonne CO₂-e) | 0.000 |
Perfuoro methane (CF₄) (tonne CO₂-e) | 0.000 |
Perfuoro ethane (C₂F₆) (tonne CO₂-e) | 0.000 |
Perfuoro butane (C₄F₁₀) (tonne CO₂-e) | 0.000 |
Perfuoro hexane (C₆F₁₄) (tonne CO₂-e) | 0.000 |
The total amount of gross global Scope 1 GHG emissions (CO₂-e) (tonne) | 7,789.130 |
The percentage of its gross global Scope 1 GHG emissions that are covered under an emissions- | 0.0000% |
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 | |
Discuss any change in its Scope 1 emissions from the previous reporting period, including whether | This is our frst fscal year reporting our Scope 1 |
the change was due to emissions reductions, divestment, acquisition, mergers, changes in output, | emissions. |
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 the case that current reporting of GHG emissions to the CDP or other entity (e.g., a national | There is no difference in scope or consolidation. |
regulatory disclosure program) differs in terms of the scope and consolidation approach used, | |
describe the differences and provide those reported emissions. | |
The entity may discuss the calculation methodology for its emissions disclosure, such as if data are | Greenhouse Gas (GHG) emission values are |
from continuous emissions monitoring systems (CEMS), engineering calculations, or mass balance | calculated from fuel consumption at the |
calculations | Hycroft Mine site. |
Discuss short-term,medium-term and long-term strategy or plan to manage its Scope 1 greenhouse | At present, our emissions predominantly come |
gas (GHG) emissions | from the utilization of diesel in our site |
maintenance and exploration machinery. We | |
anticipate a potential increase in emissions | |
during the production stage, we recognize it is | |
imperative to explore alternative measures to | |
minimize our overall Scope 1 greenhouse gas | |
emissions. This strategy aligns with our | |
commitment to proactively address our | |
environmental impacts and seek sustainable | |
solutions as we progress into production. | |
Source of the emission factors and the global warming potential (GWP) rates used, or a reference to | Greenhouse Gas (GHG) calculations utilize EPA |
the GWP source | emission factors in accordance with the |
Greenhouse Gas (GHG) Protocol. | |
Scope 2 | |
If company specifc calculations are not available, disclose the gross location-based energy indirect | |
(Scope 2) global greenhouse gas (GHG) emissions to the atmosphere (tonne CO₂-e): | |
Does the company purchase externally supplied energy (grid electricity) | Yes |
Report the total electricity purchased from external suppliers for the reporting year in gigajoules | 40,216.187 |
(GJ) | |
In what jurisdiction is the source of energy (utility) located | United States of America |
Conversion factor (see Guidance): | 0.325 |
Total amount of Scope 2 GHG emissions from purchased electricity (CO₂-e) (tonne) | 3,630.631 |
Does the company purchase externally supplied heat | No |
Does the company purchase externally supplied steam | No |
Does the company purchase externally supplied cooling | No |
The total amount of gross global Scope 2 GHG emissions (CO₂-e) (tonne) | 3,630.631 |
Discuss any change in its Scope 2 emissions from the previous reporting period, including whether | Not Applicable. This is a baseline report. |
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) | |
Total amount of Scope 2 GHG emissions (CO₂-e) that are covered under emissions-limiting | 0.000 |
regulations (tonne) for the jurisdiction in which the company is working. | |
Percentage of its gross global Scope 2 GHG emissions that are covered under an emissions-limiting | 0.0000% |
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 | |
Discuss long-term and short-term strategy or plan to manage Scope 2 emissions, emissions | There are no plans to manage Scope 2 |
reduction targets, and an analysis of performance against those targets | emissions at this time. |
Standards, methodologies, assumptions, and/or calculation tools used and what was the reason they | Nevada electricity grid power conversion |
have been chosen | factor used as of January 2022 (source: |
carbonfootprint.com). | |
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Hycroft Mining Holding Corporation published this content on 17 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 June 2024 18:28:06 UTC.