Morien Receives Notice from Kameron to Explore Sale of Donkin Mine Interest

About this update from Morien Resources Corp.

[{"type":"text","content":"Morien Receives Notice from Kameron to Explore Sale of Donkin Mine Interest\n\n\n\n HALIFAX, Nova Scotia, July 17, 2025 (GLOBE NEWSWIRE) --\n \n Morien Resources Corp.\n \n (\"\n \n\n Morien\n \n\n \" or the \"\n \n Company\n \n \") (TSX-V:MOX) reports that it has received notice from Kameron Collieries ULC (“Kameron”), owner and operator of the Donkin Coal Mine (the “Donkin Mine”) in Nova Scotia, of Kameron’s intent to explore a sale of its 100% ownership in the Donkin Mine.\n \n\n Under the terms of the Royalty Agreement between Morien and Kameron, Morien holds a 2-4% production royalty on coal sales from the Donkin Mine. This royalty is binding upon Kameron and successor owners of the Donkin Mine and will continue if there is a change in ownership.\n \n\n The Company understands that Kameron is in the early stages of initiating the sale process and has not yet entered into any binding sale agreement with a third party. Kameron’s parent company, The Cline Group (“Cline”), has engaged U.S.-based Perella Weinberg Partners to lead the sales process.\n \n\n Morien will publish further information on the sale process when it becomes available and as the process advances. There is no assurance that the sale process will result in a completed transaction, nor can Morien provide guidance on timing, transaction terms, or expected outcomes at this stage, or the impact of the sale process or any completed sale on the prospects for the Donkin Mine to restart operations.\n \n\n\n About Morien\n \n\n\n Morien is a Nova Scotia based, mining development company created in 2012 to be a vehicle of direct prosperity for Nova Scotians, its largest shareholder group. Led by Nova Scotians, Morien’s primary assets are a royalty on the sale of coal from Donkin in Cape Breton, Nova Scotia, and a royalty on the sale of aggregate from the permitted Black Point Project, in Guysborough County, Nova Scotia. Morien’s management team exercises ruthless discipline in managing both the assets and liabilities of the Company. The Company’s management and its Board of Directors consider shareholder returns to be paramount over corporate size, number or scale of assets and industry recognition. The Company has 51,292,000 issued and outstanding common shares and a fully diluted position of...

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