Morien to develop Lazy Head project in Nova Scotia

Executive Summary

• Morien Resources Corp. has identified and advanced the Lazy Head Aggregate project in the Municipality District of Guysborough, Nova Scotia, marking the first project to emerge from its strategic partnership with Carver Companies LLC.
• The project involves developing a high-quality aggregate quarry and marine terminal on Chedabucto Bay to serve the U.S. East Coast market, with permitting efforts currently underway led by GHD Group.
• Under the partnership terms, Morien will receive a milestone payment upon successful permitting and an industry-competitive production royalty on future sales, with all advancement costs reimbursed by Carver.

Key Details

• Project Location: Municipality District of Guysborough (MODG), Nova Scotia, specifically along Chedabucto Bay.
• Strategic Partnership: First project emerging from the 2024 strategic partnership between Morien Resources Corp. and Carver Companies LLC (a private U.S.-based producer/distributor of construction aggregates).
• Project Scope: Development of a high-quality aggregate quarry and associated marine terminal designed to serve the U.S. East Coast aggregate market.
• Economic Impact: Expected to create approximately 75 high-paying local jobs and support long-term, sustainable operations.
• Community Engagement: Establishment of community benefit-sharing frameworks; recent outreach includes a community open house and door-to-door meetings with residents.
• Permitting & Studies:
  • Led by GHD Group.
  • Rightsholder and community engagement supported by Strum Consulting.
  • Current field programs include environmental baseline studies, marine surveys, and terrestrial surveys.
• Environmental Mitigation: Carver has committed to adapting advanced noise and dust control systems, including warehouse-style enclosures and acoustic treatment technology to minimize dust, noise, and light emissions.
• Financial Terms:
  • Morien receives a milestone payment upon successful permitting.
  • Morien receives an industry-competitive production royalty on future aggregate sales.
  • All of Morien's time and expenses associated with advancing Lazy Head are reimbursed by Carver.
• Future Updates: Results from additional studies supporting resource potential, environmental stewardship, and socioeconomic contribution will be released publicly.