Sagamok Anishnawbek Signing of Production Impact and Benefit Agreement with KGHM International Ltd.

Press Release

December 10, 2025

Z’gamok proudly owned by Sagamok Anishnawbek, is pleased to support Sagamok in signing a Production Impact and Benefit Agreement (IBA) with KGHM INTERNATIONAL LTD for the Victoria Mine.

The agreement was officially signed on Thursday, December 4th, 2025, by Chief Angus Toulouse and Paul Eshkakogan, on behalf of Sagamok Anishnawbek, and Marek Bednarz, Michal Jezioro, and Steve Dunlop on behalf of KGHM INTERNATIONAL LTD. The ceremony took place at the Multi-Educational Centre in Sagamok, and was attended by Chief and Council, Elders, community members, local municipal Leaders, Z’gamok representatives, and KGHM officials.

This IBA marks an important milestone in the ongoing partnership between Sagamok Anishnawbek and KGHM, which began with an MOU in 2011, and an Advanced Exploration IBA in 2014. Over the years, the parties have worked closely to advance project infrastructure and permitting, setting the stage for full development of the Victoria Mine. The Production IBA ensures long-term certainty for KGHM while delivering meaningful benefits to Sagamok community members, from employment and training opportunities to business development and environmental stewardship throughout construction, operation, and mine closure.

Key elements of the agreement include ongoing engagement and consultation, skills training and employment pathways, support for community business initiatives, and a commitment to environmental protection and responsible mining practices.

Z’gamok looks forward to supporting the implementation of this IBA and working closely with Sagamok Anishnawbek to ensure it delivers lasting benefits to the community.

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