Val-D'Or Mining Signs Exploration Agreement with the Matachewan First Nation and Mattagami First Nation (Wabun Tribal Council)
Rhea-AI Summary
Val-D'Or Mining (OTCQB: VDOMF) signed an Exploration Agreement dated October 15, 2025 with Matachewan First Nation and Mattagami First Nation (Wabun Tribal Council) covering exploration on the Company’s operational areas in northeastern Ontario's Abitibi Greenstone Belt.
The agreement sets consultation and impact-mitigation terms, promises contracts, jobs and training during exploration, and provides for, subject to TSX Venture Exchange approval, issuance of 50,000 common shares and 50,000 incentive stock options (exercise price $0.085, five-year term) to each First Nation. The agreement remains until an Impact Benefit Agreement is concluded. A signing ceremony will be scheduled in Timmins, Ontario.
Positive
- Formal Exploration Agreement with two First Nations dated Oct 15, 2025
- Commitment to local jobs, contracts, and training during exploration
- Support letter endorsing maiden drill program on the Baden Prospect
Negative
- Proposed issuance of 100,000 common shares could dilute shareholders
- Granting 100,000 stock options at $0.085 increases potential dilution
News Market Reaction
On the day this news was published, VDOMF gained 24.96%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Val-D'Or, Québec--(Newsfile Corp. - November 24, 2025) - Val-D'Or Mining Corporation (TSXV: VZZ) (OTCQB: VDOMF) ("Val-D'Or Mining" or "the Company") is pleased to announce the signing of a milestone Exploration Agreement dated October 15, 2025 (the "Exploration Agreement") with the Matachewan First Nation (Matachewan FN) and Mattagami First Nation (Mattagami FN), members within the Wabun Tribal Council (WTC). The Exploration Agreement was signed by the three companies within the "Zed Zed Group": Val-D'Or Mining, Cleghorn Minerals Ltd., and International Prospect Ventures Ltd. The Exploration Agreement covers the Company's Operational Areas of Interest ("the Properties") within the First Nations' traditional lands, located in northeastern Ontario's Abitibi Greenstone Belt.
The Exploration Agreement outlines the terms on how consultation and impact mitigation on exploration activities will be conducted. It also delivers financial benefits, including contracts, jobs, and training opportunities during the exploration phase, for both current and future work programs across the property portfolio covered by the Exploration Agreement. Further, the Exploration Agreement provides that the Company will, subject to the approval of the TSX Venture Exchange, issue to each of Matachewan FN and Mattagami FN 50,000 common shares of the Company, and will also grant to each of Matachewan FN and Mattagami FN incentive stock options to acquire 50,000 shares of the Company at a per share price of
Michael Rosatelli, Senior Geological Consultant and Vice President Exploration of Val-D'Or Mining commented: "I'm deeply honoured to be part of this historic milestone, which stands as a powerful testament to what can be achieved when we unite around a shared vision. I extend my gratitude to Chief Batisse of the Matachewan First Nation and Chief Constant of the Mattagami First Nation, along with their respective Councils, the negotiating committee led by their Mineral Development Advisors, the Wabun Tribal Council, and the local community members. Your unwavering commitment, thoughtful collaboration, and dedication to fostering this agreement, grounded in mutual respect and attentive listening to the voices of elders and individual community members, have been truly inspiring."
This milestone represents the culmination of more than five years of relationship-building and dialogue between the Company and the Matachewan and Mattagami First Nations, and the Wabun Tribal Council, and establishes a strong foundation for on-going cooperation among all parties.
The Matachewan First Nation has provided a Support Letter to the Ontario Ministry of Mines endorsing the maiden drill program on the Company's Baden Prospect (see Val-D'Or Mining's October 21, 2025 press release), prior to permit issuance.
Val-D'Or Mining, and its joint venture partners, remain committed to responsible exploration and to delivering shared economic opportunities to the local communities. An official signing ceremony will be held at the Wabun Tribal Council offices in Timmins, Ontario. Details will be announced once confirmed.
About Val-D'Or Mining Corporation
Val-D'Or Mining Corporation is a junior natural resource issuer involved in the process of acquiring and exploring its diverse mineral property assets, most of which are situated in the Abitibi Greenstone Belt of NE Ontario and NW Québec. To complement its current property interests, the Company regularly evaluates new opportunities for staking and/or acquisitions. Outside of its principal regional focus in the Abitibi Greenstone Belt, the Company holds several other properties in Northern Québec (Nunavik) covering different geological environments and commodities (Ni-Cu-PGE's).
The Company has expertise in the identification and generation of new projects, and in early-stage exploration. The mineral commodities of interest are broad, and range from gold, copper-zinc-silver, nickel-copper-PGE to industrial and energy minerals. After the initial value creation in the
For additional information, please contact:
Glenn J. Mullan
2772 chemin Sullivan
Val-D'Or, Québec J9P 0B9
Tel.: 819-824-2808, x 204
Email: Glenn.Mullan@GroupZedZed.com
Forward-Looking Statements:
This news release contains certain statements that may be deemed "forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275603
FAQ
What did Val-D'Or Mining (VDOMF) agree with Matachewan FN and Mattagami FN on October 15, 2025?
How many shares and options will Val-D'Or Mining (VDOMF) issue to each First Nation?
Does the Exploration Agreement affect Val-D'Or Mining's Baden Prospect drilling plans?
How long will the Exploration Agreement remain in effect for VDOMF?
Will Val-D'Or Mining (VDOMF) hold a signing ceremony for the Exploration Agreement?
