HALIFAX, Nova Scotia, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Morien Resources Corp. (“Morien” or the “Company”) (TSX-V: MOX) is pleased to announce that it has commenced a maiden drill program at the Lazy Head Aggregate Project (“Lazy Head” or the “Project”) in the Municipality District of Guysborough (the “MODG”), Nova Scotia (the “Drill Program” or “Program”). The Drill Program marks the next major milestone in advancing Lazy Head from a greenfield discovery into a technically defined, community-supported, exp ...

Core Insights - Morien Resources Corp. has announced the advancement of the Lazy Head Aggregate Project in Nova Scotia, marking a significant milestone in its partnership with Carver Companies [1][2] Project Overview - The Lazy Head Project involves the development of a high-quality aggregate quarry and marine terminal aimed at serving the U.S. east coast aggregate market [2] - The project is part of a strategic partnership initiated in 2024 to develop long-life, export-oriented aggregate opportunities in Atlantic Canada [2] Economic Impact - The project is expected to create approximately 75 high-paying local jobs and provide long-term economic benefits to surrounding communities [3] - Morien and Carver are establishing community benefit-sharing frameworks to ensure broad distribution of the project's economic and social value [3] Permitting and Community Engagement - Permitting efforts are led by GHD Group, focusing on securing necessary approvals, with community engagement supported by Strum Consulting [4] - Current field programs include environmental baseline studies and ongoing engagement with local stakeholders [4] Environmental Considerations - Carver has committed to implementing advanced noise and dust control systems to minimize environmental impact during operations [5] Financial Structure - Under the partnership agreement, Morien will receive a milestone payment upon successful permitting and a production royalty on future aggregate sales [6] - All costs associated with advancing the Lazy Head Project are being reimbursed by Carver, aligning with Morien's capital-efficient business model [6] Company Background - Morien is a Nova Scotia-based mining development company focused on creating direct prosperity for Nova Scotians, with primary assets including royalties from coal and aggregate sales [8] - The company emphasizes shareholder returns over corporate size and asset scale [8]