A Canadian company claims in a lawsuit that it was months into negotiations and had signed letters of intent and exclusivity with the Port of Belledune when the authority pulled out from a project to manufacture explosives and revive mining.
BlackPoint Industries claims prospective deal would have also led to mine developments in south
Katelin Belliveau · CBC News
· Posted: Oct 16, 2026 1:19 PM EDT | Last Updated: 2 hours ago
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A lawsuit brought by BlackPoint Industries Inc. claims the Belledune Port Authority pulled out of a prospective deal when it was nearing a final agreement. (Mike Heenan/CBC)
A Canadian company vying to build an explosives factory in northern New Brunswick and revive mining operations is suing the Belledune Port Authority and its president.
The lawsuit, brought by BlackPoint Industries Inc., claims the port authority and Denis Caron pulled out of a prospective deal last month for a multibillion-dollar project.
The document claims that for months beginning in May, both parties met and negotiated the lease of a building and land owned by the port to build a “military campus,” and invest in the development of operations at the former Mount Pleasant mine and the proposed Sisson Mine.
This story was brought to Nouzie by RSS. The original post can be found on https://www.cbc.ca/news/canada/new-brunswick/port-belledune-explovies-factory-lawsuit-blackpoint-industries-9.7383252?cmp=rss
