Maritime Launch Services (Nova Scotia) Ltd. signed a crown land lease with the Province of Nova Scotia for land to develop and operate Spaceport Nova Scotia. The Company is leasing approximately 334.5 acres of crown land near the rural communities of Canso, Little Dover and Hazel Hill. The lease granted by the Province of Nova Scotia is a 20-year term with an option to renew for another 20 years, should the Company comply with the terms and conditions outlined in the lease.

The purpose of the lease is to use the Crown Lands for the development of a private commercial space launch site consisting of a horizontal integration facility, launch pad, and related infrastructure to support launch activities.