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, export-oriented aggregate development.
Maiden Drill Program
The Program consists of a series of helicopter-supported core holes designed to evaluate the quality, continuity, and volume of the Project’s granite resource, and to collect representative sample material for a full suite of physical, chemical, and durability testing required for permitting and ongoing engineering studies.
The Program is being executed by an experienced Atlantic Canadian drill contractor under Morien’s direct geological supervision. Results from the Program will feed directly into quarry design, mine planning, and environmental baseline studies.
About the Lazy Head Aggregate Project
Lazy Head contemplates the development of a long-life, multi-generational, high-quality construction aggregate quarry and deep-water marine terminal located on Chedabucto Bay in the MODG, an ideal location from which to serve high-growth infrastructure and construction markets along the U.S. East Coast.
The Project is the first to emerge from Morien’s strategic partnership (“Partnership”) with Carver Companies, LLC (“Carver”), a private, U.S.-based operator of quarries, aggregates terminals, tug-and-barge services, and stevedoring operations from New York to the Gulf Coast. The Partnership formed in 2024 and seeks to identify, permit, and develop export-oriented aggregate assets across Atlantic Canada by combining Morien’s regional expertise and community relationships with Carver’s marine logistics and U.S. market reach.
Lazy Head is expected to create approximately 75 high-paying, local, full-time jobs and provide sustained economic activity over multiple generations. Morien and Carver are jointly developing a suite of life-of-mine community benefit-sharing frameworks to ensure that significant economic value flows directly to the surrounding communities and those with interests in the Project area.
Permitting and Field Programs
Permitting activities are being led by GHD Group, with Strum Consulting supporting Rightsholder and community engagement. Current field programs include:
Environmental baseline studies (marine and terrestrial)
Engagement with fisheries organizations, MODG leadership, and provincial and federal regulators
Fisheries and habitat fieldwork
Multi-beam bathymetry, geotechnical, and engineering surveys
Ongoing door-to-door outreach with residents, business owners, and community groups
Recent outreach has included a well-attended community open house and direct engagement with nearby residents, with additional sessions planned as studies progress.
Carver has committed to incorporating advanced noise, dust, and light-mitigation systems, including warehouse-style enclosures and acoustic treatments, reflecting a modern, low-impact aggregate design philosophy aligned with community expectations.
Morien-Carver Partnership
Under the Partnership agreement with Carver, Morien will receive:
A milestone payment upon the successful permitting of Lazy Head; and
An industry-competitive production royalty on future aggregate sales for the life of the operation.
All of Morien’s time and expenses related to advancing Lazy Head are fully reimbursed by Carver, consistent with Morien’s capital-efficient, partner-driven royalty model.