Valory Resources has formalised six Impact Benefit Agreements (IBAs) with Indigenous communities across Alberta, underscoring its long-term commitment to meaningful engagement and shared prosperity through the development of its underground steelmaking coal project, Mine 14.
The agreements span central, western, and northern Alberta, including long-standing relationships in the Grande Cache region, and establish the foundations for strong partnerships between Valory Resources and each of the participating Indigenous groups.
The newly signed agreements are with the Lac Ste. Anne Métis Community Association, Driftpile Cree Nation, Louis Bull Tribe, and Sucker Creek First Nation.
These IBAs provide for training in underground mining roles, support for community-led initiatives, and measures to address social and economic barriers through employment and opportunity.
They build on Valory’s existing agreements with the Aseniwuche Winewak Nation and the Mountain Métis community in the Grande Cache region, representing the culmination of more than four years of respectful engagement focused on employment, training, and inclusive economic participation.
Valory President Brian MacDonald emphasised the significance of these partnerships, stating: “We are honoured to have formalised these agreements after years of genuine engagement.”
The company has made building close, respectful relationships with Indigenous groups a core part of its development strategy, grounding its approach in listening, cultural understanding, and recognition of Indigenous rights and connection to land.
Valory Resources, a Canadian company, is advancing premium underground steelmaking coal projects in Alberta, including Blackstone and Mine 14.
Its development model is underpinned by robust safety, health, and environmental practices, with a clear focus on becoming a global producer of Premium Low Volatile (PLV) steelmaking coal.
These agreements mark a significant step forward for both Valory Resources and the Indigenous communities involved, setting a precedent for collaborative and inclusive resource development in Alberta.
