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ARTICLE · 13 MARCH 2023

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Proposed Climate-Related And ESG Disclosure Requirements: Insights And Guidance For Junior Mining Issuers

As we discussed in our March 2022 article, Canadian Securities Administrators Propose Climate-Related and ESG Disclosure Requirements, on October 18, 2021, the Canadian Securities Administrators...

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Key Points

  • Since the proposed National Instrument 51-107 Disclosure of Climate-related Matters and its Companion Policy 51-107CP Disclosure of Climate-related Matters (collectively, the "Proposed Instrument") was released by the Canadian Securities Administrators (the "CSA") on October 18, 2021, participants from the mining sector have noted that the Proposed Instrument, as currently drafted, could introduce burdensome reporting obligations on junior mining issuers.
  • The Proposed Instrument is yet to be finalized, however the CSA has noted that it considers international consistency between reporting obligations to be key in order for Canadian issuers to compete effectively in domestic and global capital markets alike. The CSA also appears to be mindful of the differential impact of a disclosure regime on issuers of varying sizes and financial resources.

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