Key facts
| Company | Morien Resources (TSXV: MOX) |
|---|---|
| Commodity | Gold |
| Location | Canada |
| Stage | Early exploration |
About Black Point Project
On April 26, 2016, the Black Point project received positive environmental assessment decisions from both federal and provincial authorities. The full decisions and related documents can be viewed at the Canadian Environmental Assessment Agency website and the Nova Scotia Environment website. In May 2016, the Corporation received a $400,000 milestone payment from Vulcan following receipt of the positive provincial and federal environmental approvals. Morien is due to receive an additional $400,000 milestone payment from Vulcan upon the completion of related and pending permitting agreements for Black Point. Morien has an industry competitive royalty for the life-of-mine which is expected to continue for over 50 years.
News releases1 on file
Morien 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 $
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