Doman Building Materials Group Ltd. Announces Sale of Remaining Timberland Holdings

Executive Summary

• Doman Building Materials Group Ltd.’s wholly‑owned subsidiary sold all remaining private timberland holdings in southeast British Columbia to the Nature Conservancy of Canada.
• The transaction closed on the same day, generating net proceeds that will be used to strengthen the Company’s balance sheet.
• The sale ends Doman’s involvement in timber harvesting while preserving the lands under long‑term conservation stewardship.

Key Details

• Asset Sold: All remaining private timberland holdings located in southeast British Columbia, Canada.
• Buyer: Nature Conservancy of Canada – a non‑profit conservation organization.
• Transaction Timing: Closed on September 29, 2025 (the date of the press release).
• Proceeds: Net proceeds to be applied toward balance‑sheet strengthening; exact amount not disclosed in the release.
• Historical Context: Doman owned the timberlands for nine years and planted approximately 10 million new seedlings under sustainable forest management standards.
• Operational Impact: Doman will no longer be materially involved in the harvesting aspect of its forestry business.
• Management Comment: Amar S. Doman, Chairman of the Board, highlighted that the Nature Conservancy will serve as a “unique long‑term steward” for the alpine forest lands.

Notable Quotes

“The Nature Conservancy of Canada will be a unique long‑term steward for these very special alpine forest lands. We are very pleased to have come to an agreement with them, which ensures these lands will be in great hands for many years to come and for many generations to enjoy,” – Amar S. Doman, Chairman of the Board.