Canfor completes forest tenure transfer to McLeod Lake Indian Band and Tsay Keh Dene Nation

The American Forest & Paper Association announced its annual Better Practices, Better Planet 2020 Sustainability Award winners, which recognize exemplary sustainability programs and initiatives in the paper and wood products manufacturing industry and are awarded based on the merit of entries received across multiple categories. *Leadership in Sustainability – Energy Efficiency/Greenhouse Gas Reduction: Resolute Forest Products: Modernization of Coosa Pines (Alabama) Mill Helps Reduce Resolute’s Carbon Footprint *Leadership in Sustainability – Safety: Clearwater Paper: Aspects & Impacts Process to Identify and Reduce Serious Injuries and Fatalities (SIF) Risks *Leadership in Sustainability – Sustainable Forest Management: Evergreen Packaging: Family Forests – The Key to Certified Success *Leadership in Sustainability – Water: Sappi: Somerset Mill’s Caustic Reclaim & Reuse *Innovation in Sustainability (Large Company): WestRock: Pak On Demand™ Pouch System *Innovation in Sustainability (Small Company): Appvion: Innovative and Sustainable Direct Thermal Technology *Innovation in Sustainability (Small Company): The Price Companies: Restoration & Management of Marginal Agricultural and Timberlands

Our Sawmills Division has recently completed a $4.9 million investment at the Kedgwick Sawmill. The modernization has meant work for nearly 60 contractors from other small communities from Bathurst to Edmundston. "This modernization will make our mill more efficient; processing the same logs and achieving more lumber and improved quality for our customers. Continued investment is what helps sustain over 100 good paying jobs in the community," says Jean-Sebastien Roy, Mill Manager at the Kedgwick Sawmill. The additional production by the new sawline will allow us to increase the volume of Premium Lumber, which is produced for North America's leading home improvement stores. Wood chips that are a by-product of the sawmill go to New Brunswick pulp and paper mills to help make paper and tissue products.

Stora Enso is pleased to announce a milestone partnership with Södra, Sweden's largest forest owner association. The two companies have signed a long-term agreement under which Södra will supply Stora Enso with kraft lignin from Södra's Mönsterås site, in Sweden. This facility is set to begin operations in 2027. As part of this collaboration, Stora Enso grants Södra a license to its innovative technology in lignin area. Earlier this year, Södra announced its investment in a new kraft lignin production site, reinforcing its dedication to advancing sustainable forest products. Through this supply agreement, Stora Enso and Södra aim to enhance the development of lignin as a sustainable non-fossil-based material, with broad applications across various industries. "We are excited to partner with Södra in this important endeavor," says Juuso Konttinen, Senior Vice President & Head of Biomaterials Growth at Stora Enso. "This agreement not only secures one additional reliable supply of kraft lignin for our innovative products such as Lignode for batteries but also underscores the growing importance of lignin in creating sustainable solutions across industries. By leveraging our expertise in lignin technology, Södra will be able to produce high-quality lignin that aligns with our sustainability commitments."