Pathfinder enters partnership with Crafted Developments

Executive Summary

• Pathfinder Ventures Inc. has highlighted strategic partnerships with Crafted Developments and Woodland Crafted Homes to advance the development of the Westside Modular Home Park, a planned 100-unit modular home community in British Columbia.
• The company currently holds a 5% ownership stake in Westside Modular Home Park and is actively working to close a previously announced letter of intent to acquire an additional 35% ownership stake.
• The project leverages Woodland Crafted Homes’ manufacturing capabilities to deliver energy-efficient, net-zero-ready modular homes, with construction timelines of approximately 90 days from start to keys.

Key Details

• Partnership Structure: Pathfinder has entered into a strategic development partnership with Crafted Developments. Simultaneously, Westside Modular Home Park maintains an established agreement with Woodland Crafted Homes to build and supply approximately 100 modular homes for the project.
• Ownership Stake: Pathfinder currently holds a 5% ownership interest in Westside Modular Home Park.
• Acquisition Activity: Pathfinder announced a letter of intent to acquire an additional 35% ownership stake in Westside Modular Home Park and is actively working to close this transaction.
• Project Scope: The Westside Modular Home Park is planned to exceed 100 completed modular housing units, focusing on affordable, sustainable, and community-focused housing.
• Construction Specifications:
  • Homes are sourced from Woodland Crafted Homes, a manufacturer offering premium, energy-efficient designs.
  • Select models meet B.C. Energy Step Code Step 5 certification, making them net-zero ready.
  • Construction process involves factory-built sections assembled on-site, allowing for build times of approximately 90 days from start to keys.
• Strategic Vision: CEO Joe Bleackley stated the company intends to build on this momentum and pursue additional modular housing projects across the province and beyond, positioning Pathfinder at the forefront of the modular housing sector.

Notable Quotes

• "We believe modular housing represents a powerful growth opportunity. It aligns with our mission to offer innovative, low-cost housing solutions and creates enduring value for our shareholders," said Joe Bleackley, chief executive officer of Pathfinder Ventures. "This is just the beginning. We intend to build on this momentum and pursue additional modular housing projects across the province and beyond."