Business
Bear Twit Update - Public Infrastructure Upgrades
Gunsynd Plc has announced a significant development for its Bear Twit project in Canada due to the upcoming construction of the Mackenzie Valley Highway, set to begin in summer 2026. This project, part of a $35 billion investment in northern defence and infrastructure, will connect Norman Wells to Wrigley year-round, directly benefiting Gunsynd by potentially improving and reducing transport costs for its wholly-owned Bear Twit project. Disclaimer*
About this update from Gunsynd Plc
[{"type":"text","content":"\n\nGunsynd Plc\n(\"Gunsynd\" or the \"Company\")\nBear Twit Update\nPublic Infrastructure Upgrades\nGunsynd (AIM: GUN) is pleased to provide an update in relation to the Bear Twit project in Canada (the \"Project\"), in which the Company owns a 100% legal and beneficial interest.\nGunsynd notes the announcement by Canadian Prime Minister Mark Carney with respect to construction starting on the Mackenzie Valley Highway. Construction will start in summer 2026.\nThe highway is now one of three major projects in the Northwest Territories officially referred to Ottawa's Major Projects Office, along with a redefined Arctic economic and security corridor and the Taltson Hydro expansion, Carney said as he announced $35 billion in investment into northern defence and infrastructure.\nCarney said the first phase of construction will involve building an all-season highway from Wrigley to Norman Wells, while the second phase will eventually extend the road all the way to Inuvik.\nThis will mean for Gunsynd and in particular with respect to its Bear Twit project, Norman Wells will be connected all year round to Wrigley and from there to major Canadian highways giving the prospect of much improved and cheaper transport costs with respect to its Bear Twit project.\n \n\n\n \n \nFor further information, please contact:\n\n\n\n\nGunsynd plc\nHamish Harris\n\n\n+44 (0) 78 7958 4153\n\n\n\n\nAlbR Capital Limited\nLucy Williams\n\n\n+44 20 7469 0936\n \n\n\n\n\n \nReach is a non-regulatory news service. By using this service an issuer is confirming that the information contained in this announcement is of a non-regulatory nature. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on RNS Reach.\n \n\n","length":3904,"tagName":"div"}]