Bear Head Energy and the Assembly of Nova Scotia Mi’kmaw Chiefs to Amend Mutual Benefits Agreement

PORT HAWKESBURY, NOVA SCOTIA/MI’KMA’KI July 18, 2023 – Bear Head Energy, Inc. (“Bear Head”) and the Assembly of Nova Scotia Mi’kmaw Chiefs (“the Assembly”) have signed an agreement to amend an existing Mutual Benefits Agreement (“Benefits Agreement”).

The amended Benefits Agreement will build on the 2019 Benefits Agreement and reinforce the commitment by both parties to develop the project in an environmentally sustainable manner and ensure Mi’kmaq inclusion, participation, and benefits.

“It is important to us that the Mi’kmaq have meaningful participation in all projects happening in our territory. This Benefits Agreement will not only help us as leaders be engaged in what is happening with the project, but it will also give Mi’kmaw the opportunity to realize economic opportunities in the work that they are doing,” said Chief Sidney Peters, Co-Chair of the Assembly and Chief of Glooscap First Nation.

In 2022, Bear Head announced its plan to develop a green hydrogen and ammonia production, storage, and loading facility in Tui’knek / Point Tupper, NS. In April 2023, the project received Environmental Assessment approval from the Nova Scotia Department of Environmental and Climate Change.

“We have developed positive relationships with Mi’kmaw communities over the past several years and are pleased to be building on those relationships and commitments to amend the Benefits Agreement and provide meaningful Mi’kmaq participation in the project,” said Paul MacLean, Managing Director, Bear Head Energy, Inc.

A wholly owned subsidiary of BAES Infrastructure, Bear Head is committed to respecting Mi’kmaw rights and supporting First Nations partners' social, cultural, environmental, and educational goals.

Bear Head is permitted for up to two gigawatts of hydrogen electrolysers. At full build-out and peak power inflow, the facility could produce up to 350,000 tonnes of hydrogen and two million tonnes of ammonia per year, positioning Nova Scotia to be a leader in producing green hydrogen and ammonia, both critical components of the global energy transition. The facility will be developed in phases and is expected to commence deliveries of green hydrogen and ammonia at costs among the lowest in the world, driven by Nova Scotia’s world-class wind resource, support from the Canadian federal government, and proximity to key markets.

In addition to the Environmental Assessment approval, Bear Head has several other permits and approvals in place, including approval to construct its marine terminal and offloading facility.

Bear Head is committed to continuing to engage with Mi’kmaw communities throughout the facility’s development process and looks forward to meeting with communities across Mi’kma’ki.

To find out more, please visit the Bear Head Energy website at www.bearheadenergy.ca.

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Media Contacts:

Assembly of Nova Scotia Mi’kmaw Chiefs
Crystal Dorey
cdorey@mikmaqrights.com
902-843-3880

Bear Head Energy
Sean Lewis
slewis@iriscomms.ca
902-222-9240

BAES Infrastructure
baesinfra@fti.com

About The Assembly of Nova Scotia Mi’kmaw Chiefs

The Assembly of Nova Scotia Mi’kmaw Chiefs is comprised of 12 Mi’kmaw Chiefs in Nova Scotia and ex-officio members: Grand Council’s Kji-Saqmaq, Kji-Keptin, two District Chiefs representing the Confederacy of Mainland Mi’kmaq and the Union of Nova Scotia Mi’kmaq, and the Assembly of First Nations’ Regional Chief. The Assembly works closely together to make the best possible decisions for the Mi’kmaq of Nova Scotia.

About Bear Head Energy

Bear Head Energy is developing a large-scale green hydrogen and ammonia project in Nova Scotia, which has geographical characteristics that give the region the potential to become a premier hub for green hydrogen and ammonia production globally. Upon completion, the project is expected to produce up to 2 million tonnes of green ammonia per year for export to markets across the globe.

Bear Head Energy is a wholly owned subsidiary of BAES Infrastructure, a diversified energy company focused on the development, construction, and operation of energy transition projects. BAES Infrastructure is supporting the development of the project by serving as the connecting thread bridging commercial, financial, technical, and public elements together to develop bespoke solutions that will help bring the project from concept to realization.

For more information about Bear Head Energy, visit www.bearheadenergy.ca.

About BAES Infrastructure

BAES Infrastructure’s mission is to build the infrastructure and logistics that will serve the energy needs of tomorrow.

BAES Infrastructure is focused on developing early-stage, technology-ready projects across a variety of end products, energy value chains, and investment structures. It will leverage the operating expertise, reputation, customer base, asset footprint, and global industry network of Buckeye Partners, L.P. and other stakeholders to develop and invest in the infrastructure solutions enabling the global energy transition.

For more information about BAES Infrastructure, visit www.baesinfra.com.