Hudson Bay to get a new deep water port

Author

Jay Lutz
June 16, 2023

Sponsored by Emergent Metals

A new deep water port in Canada?

The governments of Alberta, Saskatchewan, and Manitoba have finally inked a memorandum of understanding (MOU) to explore the construction of a deep water harbor at Port Nelson on the Hudson Bay. The primary aim of this project is to facilitate the export of valuable natural resources such as potash and liquefied natural gas (LNG).

Premier Danielle Smith, accompanied by Transportation and Economic Corridors Minister Devin Dreeshen and counterparts from Saskatchewan and Manitoba, announced the agreement in Calgary on Monday. While awaiting final approval, the MOU signifies a significant step forward after years of starts and stops.

To establish a rail right-of-way and utilities lines connecting Alberta to Port Nelson, the three provinces will collaborate and contribute resources for geotechnical studies and other necessary investigations. Overseeing the work will be NeeStaNan— meaning ‘all of us’, a First Nations-owned corporation representing local communities along the route.

You can read more on the matter here.

Emergent Metals is a gold and base metal exploration company focused on Nevada and Quebec. The company’s strategy is to look for quality acquisitions, add value to these assets through exploration, and monetize them through sale, joint ventures, option, royalty, and other transactions to create value for shareholders.

What’s going on?

  • Bank of England set to raise rates to 4.75% as inflation slow to fall (Reuters)

  • Harvard Medical School Morgue Manager Faces Charges for Selling Donated Body Parts (theDeepDive)

  • A $1.7 Billion Opioid Settlement Is at Risk of Falling Apart (Bloomberg)

  • With Bud Light Facing Boycott Fallout, Modelo Emerges as America’s Top Beer (theDeepDive)

  • Music Publishers Representing Taylor Swift, Beyoncé Vs. Elon Musk’s Twitter: “Rampant Copyright Infringement” (theDeepDive)

  • Xi Jinping tells Bill Gates he hopes US-China friendship will continue (Reuters)

  • Rona To Layoff 500 Employees Amid Economic Downturn (theDeepDive)

  • Ron DeSantis Bans Most Direct-To-Consumer Car Sales But Tesla Gets Special Treatment (theDeepDive)

Reddit gets too greedy

The stock market and stuff

  • Barrick Gold’s Takeover Bid Reportedly Rejected By First Quantum (theDeepDive)

  • Abra Accused in Texas of Securities Fraud, Misleading Investors (Bloomberg)

  • UK clears Amazon's $1.7 billion deal for Roomba-maker iRobot (Reuters)

In the juniors

  • Fire & Flower To Be Removed From The TSX (theDeepDive)

  • Nikola, Lordstown Motors and Workhorse lead big rally in electric vehicle stocks (SeekingAlpha)

  • Patriot Battery Metals Resumes Exploration At Corvette Property Following Forest Fires (theDeepDive)

FULL DISCLOSURE: Emergent Metals is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Emergent Metals. The author has been compensated to cover Emergent Metals on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.