20263 releases
Morien Announces Strategic Aggregate Royalty Alliance with Rife Royalties
Morien Resources has signed a non-binding term sheet with Rife Royalties to form an alliance for acquiring construction aggregate royalties in the United States and Canada. Under the proposed structure, Morien would source and evaluate opportunities, Rife would provide acquisition capital, and Morien could earn up to an 8% beneficial interest in each royalty acquired, subject to a definitive agreement.
NewsMorien Announces Filing of Initial Project Description for the Lazy Head Aggregate Project
An Initial Project Description for the Lazy Head Marine Terminal, the marine export component of the Lazy Head Aggregate Project near Canso, Nova Scotia, has been submitted to the Impact Assessment Agency of Canada by proponent Carver Mineral Resources, with a provincial Environmental Assessment Registration Document to be filed shortly. The quarry is designed for up to 3.4 million tonnes per year over an approximately 85-year life, with initial capital of about $284 million and an 18 to 24-month construction period. Morien will receive a milestone payment upon permitting and a production royalty, with its costs reimbursed by Carver.
NewsMorien Announces Results of Annual and Special Meeting
Shareholders approved all items of business at Morien Resources' Annual and Special Meeting held in Halifax on May 13, 2026. The board was set at four directors, with John Budreski, Dawson Brisco, Mary Ritchie and Beau White re-elected, and MNP LLP re-appointed as auditor. Shareholders also approved the company's 10% rolling incentive stock option plan. The board confirmed Budreski as Executive Chairman, Brisco as President and CEO, and Susanne Willett as CFO.
Corporate
20259 releases
Morien Announces Closing of $1.6 Million Non-Brokered LIFE Financing
A non-brokered Listed Issuer Financing Exemption offering closed for gross proceeds of $1,600,000 through the issuance of 8,888,889 common shares at $0.18 per share, with insiders subscribing for 650,753 shares and intermediary fees of CAD $12,240 paid. Morien says the net proceeds plus cash on hand should fund operations for an estimated four to five years, supporting advocacy for a Donkin Mine restart, work at the Lazy Head Aggregate Project with Carver Companies, a Newfoundland aggregate evaluation, and engagement with Vulcan Materials on Black Point. Shares outstanding are now 60,180,889.
FinancingMorien Announces Upsize of Non-Brokered LIFE Financing
The non-brokered LIFE financing announced December 2, 2025 has been upsized to up to 8,888,889 common shares at $0.18 per share for gross proceeds of up to $1,600,000, under the Listed Issuer Financing Exemption. Closing is expected on or about December 16, 2025, subject to TSX Venture Exchange approval. Net proceeds and other available funds will support working capital and general corporate purposes, which the company estimates covers operations for four to five years at full subscription.
FinancingMorien Announces Non-Brokered LIFE Financing
A non-brokered private placement of up to 5,555,556 common shares at $0.18 per share for gross proceeds of up to $1,000,000 has been launched under the Listed Issuer Financing Exemption, with closing expected on or about December 16, 2025, subject to TSX Venture Exchange approval. Net proceeds will fund working capital and general corporate purposes, which Morien expects to support operations for an estimated three to four years. Shares sold to Canadian subscribers will not be subject to a hold period.
FinancingMorien Maiden Drill Program Underway at Lazy Head Aggregate Project
A maiden drill program has commenced at the Lazy Head Aggregate Project in the Municipality District of Guysborough, Nova Scotia, consisting of helicopter-supported core holes to evaluate the quality, continuity and volume of the granite resource and to collect samples for physical, chemical and durability testing required for permitting and engineering studies. Results will feed into quarry design, mine planning and environmental baseline studies. Under Morien's partnership with Carver Companies, Morien receives a permitting milestone payment and a production royalty, with its costs reimbursed by Carver.
Drill resultsMorien Announces Advancement of the Lazy Head Aggregate Project in Nova Scotia
The Lazy Head Aggregate Project has been identified and advanced in the Municipality District of Guysborough, Nova Scotia, the first project from Morien's 2024 strategic partnership with U.S.-based Carver Companies. It contemplates an aggregate quarry and marine terminal on Chedabucto Bay serving the U.S. east coast market, with about 75 local jobs expected. Morien will receive a milestone payment upon successful permitting and a production royalty on future aggregate sales, with all its time and expenses reimbursed by Carver. Permitting is led by GHD Group.
CorporateMorien Receives Notice from Kameron to Explore Sale of Donkin Mine Interest
Kameron Collieries ULC has given Morien notice of its intent to explore a sale of its 100% ownership of the Donkin Coal Mine in Nova Scotia, with parent company The Cline Group engaging Perella Weinberg Partners to lead the process. Morien's 2-4% production royalty on Donkin coal sales is binding on Kameron and successor owners and continues through any ownership change. Kameron is in the early stages and has not entered a binding sale agreement.
AcquisitionMorien Announces Strategic Aggregate Partnership
A strategic partnership has been formed with a large U.S.-based regional crushed stone operator to jointly identify and permit long-life crushed stone opportunities in Atlantic Canada. Morien will receive a milestone payment upon successful permitting of designated projects plus a production royalty on future sales, with its time and expenses reimbursed by the partner. A granite project in Nova Scotia has advanced to technical and stakeholder engagement, while a Newfoundland limestone project is in due diligence.
NewsMorien Announces Results of Annual and Special Meeting
Shareholders approved all items of business at Morien Resources' Annual and Special Meeting held in Halifax on May 14, 2025. John Budreski, Dawson Brisco, Mary Ritchie and Beau White were re-elected to the four-member board, MNP LLP was re-appointed as auditor, and the 10% rolling incentive stock option plan, as amended, was approved. Shareholders also reconfirmed the continuance of the shareholder rights plan originally approved in 2019, which requires affirmation every three years.
CorporateMorien Welcomes the Nova Scotia Government’s Support for the Natural Resource Sector
Nova Scotia Premier Tim Houston's January 21, 2025 letter to his caucus, later made public, outlined plans to develop the province's energy and minerals sectors, reverse sector bans and shorten project approval timelines; Morien expressed support for the position. Morien's primary assets are royalties on coal sales from the Donkin Mine in Cape Breton and on aggregate sales from the permitted Black Point Project in Guysborough County, Nova Scotia. The company has 51,292,000 shares outstanding and 53,992,000 fully diluted.
Corporate
20244 releases
Morien Provides Corporate Update
Vulcan Materials submitted its Industrial Approval application for the Black Point Aggregate Project in Guysborough County, Nova Scotia, to the Nova Scotia Department of Environment and Climate Change, with a decision anticipated in the first half of 2025; Vulcan earlier indicated a tentative 18-month goal to begin initial development. Morien received approximately $113k in advanced minimum royalty payments from Vulcan and about $82k in Donkin coal royalty revenue during the first nine months of 2024. Working capital was $1.2 million at the end of the third quarter, with Donkin idled since Q4 2023.
CorporateMorien Announces Results of Annual and Special Meeting
Shareholders approved all items of business at Morien Resources' Annual and Special Meeting held in Halifax on June 20, 2024. The board was set at four directors, with John Budreski, Dawson Brisco, Mary Ritchie and Beau White re-elected; MNP LLP was appointed auditor; and the Company's 10% rolling incentive stock option plan, as amended, was approved. The Board confirmed Budreski as Executive Chairman, Brisco as President and CEO, Susanne Willett as CFO and Suzan Frazer as Corporate Secretary.
CorporateDonkin Mine Regulator Approves Phase II Report
The Nova Scotia Department of Labour, Skills and Immigration has lifted the Compliance Order at the Donkin Coal Mine in Nova Scotia after completing its review of an independent engineer's report on tunneling and ground control plans, allowing operator Kameron Collieries to reopen for year-round operation if it chooses. The mine has been idled since Kameron laid off its remaining hourly workforce on November 10, 2023, following a Stop Work Order in effect since July 15, 2023. Morien holds a 2% to 4% royalty on Donkin.
NewsMorien Announces Renewal of Normal Course Issuer Bid
The TSX Venture Exchange has accepted Morien Resources' notice of intention to renew its normal course issuer bid, allowing the purchase of up to 3,614,320 common shares, about 10% of the public float as of January 30, 2024, between February 1, 2024 and January 31, 2025. Under the expiring NCIB, Morien bought 160,114 shares at an average price of $0.50 from February 1, 2023 to January 30, 2024. The company has 51,292,000 shares outstanding.
Corporate
202315 releases
Donkin Stop Work Order Lifted – Regulatory Review Continues
The Nova Scotia Department of Labour, Skills and Immigration has lifted the Stop Work Order at the Donkin Mine in Cape Breton, Nova Scotia, in effect since July 15, 2023, after operator Kameron Collieries met Phase 1 requirements covering the hazard assessment classification system and added monitoring in the access tunnel. Phase 2 conditions, requiring an independent third-party engineering review of Kameron's ground control plan by February 29, 2024, are not yet met, and a return to production is not expected to be imminent. Morien holds a 2% to 4% royalty on the mine.
CorporateMorien Suspends Quarterly Dividend in Response to Continued Uncertainty Surrounding Donkin Mine
The quarterly dividend has been suspended until further notice, following Kameron Collieries' November 10, 2023 decision to lay off its remaining hourly workforce at the Donkin Mine in Nova Scotia and idle the operation with no timeline to resume. Morien holds a 2% to 4% royalty on Donkin, which has been under a Nova Scotia Department of Labour Stop Work Order since July 15, 2023 after a roof fall incident. The Board will re-assess the dividend when Donkin's future is clearer.
CorporateMorien Reports on Continuing Developments at the Donkin Mine
Kameron Collieries laid off its remaining hourly workforce at the Donkin Coal Mine in Nova Scotia on November 10, 2023, and placed the operation into an idled state with no timeline to resume operations, following a 118-day Stop Work Order in effect since July 15, 2023 after a roof fall incident that caused no injuries or equipment damage. Morien, which holds a 2% to 4% royalty on Donkin, said a return to production is not expected to be imminent. The Nova Scotia Department of Labour reported findings of an independent engineering review of the mine.
CorporateDonkin Mine Idled Following Protracted Stop Work Order
The Donkin Coal Mine in Nova Scotia has been placed into an idled state with no timeline to resume operations, after operator Kameron Collieries laid off its remaining hourly workforce. The decision follows a 118-day Stop Work Order issued by the Nova Scotia Department of Labour, Skills and Immigration on July 15, 2023 in response to a roof fall, which remains in place. Morien holds a 2% to 4% royalty interest on the mine, where over C$300 million has been spent since 2015.
CorporateMorien Provides Update on Black Point Royalty
Vulcan Materials Company is advancing the Black Point Quarry Project in Guysborough County, Nova Scotia, with a tentative, directional time goal of 18 months to complete permit-related monitoring plans and commitments under the Project's approved environmental assessment. Morien holds a production royalty on all material sold from the Project and has received advanced minimum royalty payments of $25,000 per quarter since 2017, with unearned revenue of $679,000 as at June 30, 2023. A $400,000 milestone payment is due upon completion of pending permitting agreements.
CorporateMorien Provides Donkin Mine Update
The Nova Scotia Department of Labour, Skills and Immigration has contracted an independent engineer under a 30-day contract to complete a technical review of the Donkin Coal Mine in Nova Scotia, and the review is underway. The review relates to a 75-day Stop Work Order following a July 15, 2023 roof fall in one of Donkin's two access tunnels, with no injuries or equipment damage. Operator Kameron Collieries ran a roof bolting remediation program over the 3.5-kilometre access tunnel from July 19 to July 27. Morien holds a 2% to 4% royalty on the mine.
CorporateMorien Announces Quarterly Dividend
A quarterly dividend of $0.0025 per common share for the third quarter of 2023 has been declared, payable September 28, 2023 to shareholders of record at the close of business on September 12, 2023, and qualifying as an eligible dividend for Canadian income tax purposes. A Stop Work Order imposed by the Nova Scotia Department of Labour, Skills and Immigration remains in effect at the Donkin Mine following a roof fall in one of the mine's two access tunnels, with timing for its release unknown.
CorporateMorien Provides Status Update on the Donkin Mine
Kameron Collieries decided on August 15, 2023 to lay off a portion of its employees at the Donkin Coal Mine in Nova Scotia for an indeterminate period, pending release of a Stop Work Order issued by the Nova Scotia Department of Labour, Skills and Immigration on July 15, 2023. The order followed a roof fall in one of two access tunnels; Kameron bolted the full 3.5-kilometre tunnel between July 19 and July 27. Morien holds a 2% to 4% royalty on Donkin.
CorporateMorien Provides Update on the Donkin Mine
A Stop Work Order issued July 15, 2023 by the Nova Scotia Department of Labour, Skills and Immigration remains in place at the Donkin Coal Mine in Nova Scotia, following a roof fall in one of the mine's two access tunnels. Operator Kameron Collieries carried out a remediation program including roof bolting over the full 3.5-kilometre access tunnel from July 19 to July 27; no workers were injured and no equipment was damaged. Timing for lifting the order is unknown. Morien holds a 2% to 4% royalty on Donkin.
CorporateMorien Announces Appointment of Beau White to its Board and Grant of Stock Options
Beau White has been appointed to the Board of Directors of Morien Resources. White is Director of Treasury and Finance at Sandstorm Gold Royalties and was previously an Audit and Assurance Manager at PwC Canada; she is a CPA, CA and CFA charterholder. The Company also granted 2.15 million stock options to seven directors and officers, exercisable at $0.60 until May 25, 2028, bringing its fully diluted position to 54,297,000 shares.
ManagementMorien Declares Quarterly Dividend and Files First Quarter 2023 Financial Statements
A dividend of $0.0025 per common share for the second quarter of 2023 has been declared, payable on June 28, 2023 to shareholders of record at the close of business on June 14, 2023, and qualifying as an eligible dividend for Canadian income tax purposes. Morien Resources also filed its unaudited condensed interim consolidated financial statements and MD&A for the three months ended March 31, 2023 on SEDAR and its website.
CorporateMorien Announces Results of Annual and Special Meeting
Shareholders approved all items of business at Morien Resources' Annual and Special Meeting, held virtually on May 17, 2023. The board was set at five directors, with John Budreski, Dawson Brisco, Mary Ritchie, John Byrne and Charles Pitcher re-elected, and KPMG LLP re-appointed as auditor. Shareholders also approved renewal of the Company's 10% rolling incentive stock option plan. Following the meeting, the Board confirmed executive officers, including Budreski as Executive Chairman and Brisco as President and CEO.
CorporateMorien Announces Virtual Annual Meeting of Shareholders, Files Proxy Circular
Morien Resources' Annual and Special Meeting of Shareholders will be held in a virtual-only format on Wednesday, May 17 at 2:00 p.m. Atlantic Time, conducted by live audio phone and webcast, with no in-person attendance. The 2023 Notice of Meeting, Management Information Circular and Form of Proxy are available on SEDAR and the company's website. Only Registered Shareholders and duly appointed proxyholders can cast or modify votes during the virtual meeting.
CorporateMorien Announces Quarterly Dividend
A dividend of $0.0025 per common share for the first quarter of 2023 has been declared, payable March 28, 2023 to shareholders of record on March 13, 2023, and qualifying as an eligible dividend for Canadian income tax purposes. The payment follows the Board's reinstatement of the quarterly dividend program after mining resumed at the Donkin Mine in September 2022. Future quarterly dividends are expected to be calculated in relation to cash flow available for distribution as Donkin scales up production.
CorporateMorien Announces Renewal of Normal Course Issuer Bid
The TSX Venture Exchange has accepted Morien Resources' notice of intention to renew its normal course issuer bid, allowing the purchase of up to 3,684,381 common shares, about 10% of the public float as of January 25, 2023, between February 1, 2023 and January 31, 2024. From February 1, 2022 to January 25, 2023, Morien bought 500,000 shares at an average price of $0.69 under its existing NCIB, which expires January 31, 2023. Purchases will be made through CIBC World Markets Inc.
Corporate
20228 releases
Morien Announces Change of Broker for Normal Course Issuer Bid
The TSX Venture Exchange accepted Morien Resources' notice to amend its normal course issuer bid by changing its broker to CIBC World Markets Inc., with all purchases made by CIBC beginning December 13, 2022. Under the NCIB, announced January 28, 2022, Morien may acquire up to 3,763,300 common shares, about 10% of its public float as of January 21, 2022, with purchases authorized until January 31, 2023. The Company had 50,739,114 common shares outstanding as of November 30, 2022.
CorporateMorien Announces Industrial Approval Renewed for Donkin Mine
The Nova Scotia Department of Environment and Climate Change has renewed the industrial approval for the Donkin Mine at the request of owner and operator Kameron Collieries ULC. The seven-year approval takes effect December 5, 2022 and expires December 31, 2029. Morien holds a gross production royalty on Donkin of 2% on revenue from the first 500,000 tonnes of coal sales per calendar quarter and 4% on sales above that level, net of certain coal handling and transportation costs, payable quarterly.
CorporateMorien Resumes Quarterly Dividend Program
A special dividend of CAD $0.005 per common share has been declared, payable December 20, 2022 to shareholders of record as at the close of business on December 12, 2022, following the board's reinstatement of dividend payments. Morien intends to resume quarterly dividends of $0.0025 per common share in the first quarter of 2023. Beyond 2023, quarterly dividends are anticipated to be calculated in relation to cash flow available for distribution as the Donkin Coal Mine scales up production.
CorporateMorien Announces Restart of Operations at the Donkin Mine
Kameron Collieries ULC has received regulatory approval from the Nova Scotia provincial government to reopen the Donkin Coal Mine in Cape Breton, Nova Scotia, and production has resumed after the mine was on care and maintenance since March 2020. Morien holds a gross production royalty on the mine of 2% on revenue from the first 500,000 tonnes of coal sales per calendar quarter and 4% on revenue from quarterly tonnage above 500,000 tonnes, net of certain coal handling and transportation costs, payable quarterly.
CorporateMorien Provides Update on the Donkin Mine
Kameron Collieries, owner and operator of the Donkin Coal Mine in Cape Breton, Nova Scotia, is preparing to resume operations, according to a July 18, 2022 Cape Breton Post interview with municipal councillor and Donkin Community Liaison Committee member James Edwards, who noted provincial regulatory approvals have not yet been received. Kameron has posted online job listings for at least 10 underground miners, a red seal underground electrician starting full-time on August 1, 2022, and an engineer in training.
CorporateMorien Provides Update on the Donkin Mine
A June 16, 2022 CBC article reported comments from James Edwards, Chair of the Donkin Community Liaison Committee, following a meeting with Kameron Collieries ULC about potentially reopening the Donkin Coal Mine in Cape Breton, Nova Scotia, on which Morien holds a royalty interest. Edwards said Kameron has announced it is looking to reopen but has not received the required approvals. The mine has been on care and maintenance since March 2020, and Kameron has not notified Morien of any restart intent, development strategy or timeline.
CorporateMorien Announces Results of Annual and Special Meeting
Shareholders approved all items of business at Morien Resources' Virtual Annual and Special Meeting held May 17, 2022. The board was set at five directors, with John Budreski, Dawson Brisco, John Byrne, Charles Pitcher and Mary Ritchie elected; KPMG LLP was re-appointed as auditor. Shareholders also approved renewal of the 10% rolling incentive stock option plan and reconfirmed the shareholder rights plan originally approved in 2019, which requires affirmation every three years.
CorporateMorien Announces Virtual Annual Meeting of Shareholders, Files Proxy Circular
Morien Resources will hold its Annual and Special Meeting of Shareholders on Tuesday, May 17 at 2:00 p.m. Atlantic Time in a virtual-only format, with proceedings conducted by live audio phone and webcast and no in-person attendance. The 2022 Notice of Meeting, Management Information Circular and Form of Proxy have been filed on SEDAR and distributed to registered shareholders and intermediaries. Only registered shareholders and duly appointed proxyholders may vote during the virtual meeting.
Corporate