• Morien Resources announced the Lazy Head marine terminal’s entry into federal regulatory review in Nova Scotia on October 20, 2026.
• Project developer Carver estimates initial capital spending of approximately $284 million, with construction taking 18 to 24 months, subject to approvals.
• The granite quarry is designed to produce up to 3,400,000 tonnes annually over an approximately 85-year operating life.
• Aggregate exports will target U.S. construction markets and offshore wind developments along North America’s eastern seaboard.
• Carver will reimburse Morien’s project development costs; successful permitting triggers a milestone payment, with production royalties payable on future aggregate sales.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Morien Resources Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610201230PRIMZONEFULLFEED9849568) on October 20, 2026, and is solely responsible for the information contained therein.