Cermaq Canada adds area of interest in Nova Scotia for expansion

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Cermaq needs to identify enough sites to support 20,000 metric tonnes of production, it says.

In a statement on its site Hello Nova Scotia, Cermaq Canada reports that it has been granted Options to Lease for the Mahone Bay and St. Margaret’s Bay areas of Southwest Nova Scotia. These are in addition to the four Options to Lease granted to Cermaq in April of this year in the Chedabucto Bay and St. Mary’s Bay regions.

“We are excited to share our next steps in our feasibility investigations in Nova Scotia. We have been awarded two new Options to Lease; one in the Mahone Bay area and one in the St. Margaret’s Bay region. These Options will allow us to investigate the potential for salmon farming in the two bays, and we will start collecting data and looking at potential feasibility,” said Cermaq Canada Managing Director David Kiemele.

“We believe the South Shore region of Nova Scotia could present excellent opportunities for salmon farming due to the sheltered nature of the bays, the depth and water temperatures. As before we are sharing this information very early in the process and need to get on the water and into the communities to better understand the area,” he added.

Mahone Bay, Nova Scotia. PHOTO: Wikimedia

The salmon farmer announced earlier this year, for an expansion into Nova Scotia to be feasible, it needs to identify enough sites to support 20,000 metric tonnes of production and needs 10-20 sites to make USD 500 million the project viable.

“This commitment remains true for our work in St. Margaret’s and Mahone Bay. We do need to achieve enough sites to support about 20,000 metric tonnes of production – which translates into about 15 to 20 farms which would be spread between the areas we are investigating. We will begin feasibility and engagement work in St. Margaret’s Bay and Mahone Bay shortly,” said Sustainable Development Director for East Coast for Cermaq Canada, Vicki Savoie.

“We don’t expect to be able to achieve this production level in any one particular region which is why we are increasing our scope. We are now ready to get on the ground in the region and start talking with people,” added Savoie.