International Prospect Ventures Signs Exploration Agreement with the Matachewan First Nation and Mattagami First Nation (Wabun Tribal Council)

About this update from International Prospect Ventures Ltd

International Prospect Ventures Signs Exploration Agreement with the Matachewan First Nation and Mattagami First Nation (Wabun Tribal Council)Val-D'Or, Québec--(Newsfile Corp. - November 21, 2025) - International Prospect Ventures Ltd. (TSXV: IZZ) (the "Company" or "International Prospect") 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": International Prospect Ventures Ltd., Val-D'Or Mining Corporation ("Val-D'Or Mining"), and Cleghorn Minerals 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 $0.05 for a period of five years from issuance, in accordance with its incentive stock option plan and a consulting agreement among the parties. The Exploration Agreement will remain in effect until such time an Impact Benefit Agreement (IBA) has been concluded. Glenn J. Mullan, President/CEO of International Prospect Ventures commented, "We are sincerely appreciative be a part of this significant milestone, which shows to what can be achieved when we unite around a shared purpose and work together to create meaningful progress. Seeing the dedication, thoughtful negotiation, and commitment of everyone involved has been truly inspiring. We wish to acknowledge with gratitude Chief Batisse of the Matachewan Fir...

View stock analysis, news, and events for International Prospect Ventures Ltd