The Mississaugas of the New Credit First Nation Community Trust, represented by the Shareholder Association for Research and Education (“SHARE”), has submitted a shareholder proposal to be considered at Lundin Mining Corporation (“Lundin”) 2026 Annual General Meeting of Shareholders scheduled for May 7th, 2026.
SHARE, and investors we represent, have been engaging mining companies with a focus on addressing material value chain emissions. Many companies are now forwarding solutions that account for what is within a mining company’s control and are quantifiable against the uncertainties of estimated emissions.
Building on progress made throughout 2025, our discussions this proxy season have focused on addressing value chain emissions reductions with Canadian mining companies: Barrick Mining, Kinross Gold, Hudbay Minerals, B2Gold, First Quantum Minerals, and Lundin Mining. From this we have seen significant progress by mining companies including two pre-filing agreements and actions as well as three formal shareholder proposal withdrawals. To date, Lundin is the only remaining company who has been unable to align with their peers and reach a withdrawal agreement.
This letter provides supplementary information relevant to Shareholders in voting on the Appendix A – Shareholder Proposal (page 65 of Lundin’s 2026 Management Proxy Circular), requesting that Lundin disclose an emissions reduction strategy for greenhouse gas emissions (“GHG”) including all material value chain emissions.
