Environmental Impact Statement

In March 2015, Black Point Aggregates Inc., (“BPA”), a subsidiary of Vulcan, and Morien submitted an Environmental Impact Statement (“EIS”) to the Canadian Environmental Assessment Agency (“CEAA”) and Nova Scotia Department of Environment. Morien and BPA continue to work jointly to acquire the necessary environmental assessment approvals for Black Point, and anticipate a decision from the Provincial and Federal Ministers of the Environment in Q2 2016.