About
Morien Resources Corp. (TSXV:MOX) is a Canadian mining exploration and development company which holds a 25% interest in the Donkin Coal Project and non-operating royalty interests in two other projects, one in production and the other in the development stage;
Donkin Coal Project, Nova Scotia, Canada: Morien holds a 25% minority interest, with a $9 million carried interest, in one of the largest undeveloped coal deposits in North America. The Project has received environmental assessment approvals from the federal and provincial governments and is located within 30 kilometres of a deep water port in Sydney, Nova Scotia.
Banks Island Gold Project, British Columbia, Canada: Morien holds a 1.5% NSR Royalty over the marketable metal, ores, minerals and concentrates produced and shipped from a 1,987 hectare area within the Yellow Giant gold property located 105 kilometres south of Prince Rupert, British Columbia. Banks Island commenced production in Q1 2014.
Black Point Aggregate Project, Nova Scotia, Canada: Vulcan Materials Company, the United State's largest producer of construction aggregates, purchased Morien's rights to the Project in Q2 2014 and is currently permitting the Project for eventual production within the 2018 to 2020 period. Morien received an industry competitive per-tonne Royalty for the life of mine which is expected to continue for over 50 years, $1 million in payments from Vulcan on signing, and is entitled to receive an additional payment of $800,000 on the successful environmental permitting of the Project, anticipated in late 2015.
Industrial Mineral Interests, Georgia, U.S.: Morien holds various direct and in-direct interests in industrial mineral properties in the United States.
Morien has 56,492,248 issued and outstanding common shares and a fully diluted share count of 62,208,975.
