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Westmount Capital

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uuid0031ilh

Namestring
Westmount Capital
Legal namestring
Westmount Capital
Company typeenum
Private
Founded yearint
2006
Descriptiontext

Westmount Capital is a Geneva-headquartered boutique advisory firm founded in March 2006 by Robert Seguin that provides capital markets and investor relations services to micro and small-cap public companies. Its core offering is organized into three interconnected services: European Road-Shows (CEO presentation tours across London, Paris, Geneva, Zurich, Frankfurt, Berlin, Munich, Milan, Madrid, Monaco and other cities, plus in-country investor tours in Latin America), an Investor Relations Program (ongoing communications, Zoom webinars, mining-conference coordination at PDAC, Mines & Money, and Colombia Gold), and Capital Market Services (private placements, mezzanine debt, convertible debentures, and a Market Maker Facility at the Frankfurt Stock Exchange via a Munich-based associate).

The firm targets private and public listed micro and small-cap issuers that are undervalued, under-covered or seeking European institutional capital, with historical client concentration in biotech/pharma and mining/resources. Revenue is generated through monthly consulting fees (6,000 CHF per engagement, approximately $10,550 CAD) supplemented by equity compensation such as stock options granted to the principal. Customer acquisition is referral-driven and network-based, leveraging a 19-year-old network of high-net-worth individuals, family offices, fund managers and business leaders across Canada, Europe, Africa and South America.

Westmount operates from a single Geneva office (Rue De-Candolle 9), runs 11-50 personnel, and extends its reach through a collaborative partner network rather than organic headcount build-out. It is privately held, founder-led, and self-financed with no disclosed funding rounds or institutional investors.

Short descriptiontext

Westmount Capital is a Geneva-based boutique advisory firm founded in 2006 that provides European investor relations, road show, and capital markets services to micro and small-cap public companies, primarily in biotech and mining.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersGenève, Switzerland
HQ citystring
Genève
HQ countrystring
Switzerland
HQ regionstring
Europe
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
investor relations services, capital markets advisory, European road shows, small-cap fundraising, private placements advisory
Industry3 codes
1Capital Raising Advisory (Debt/Equity/Private Capital)
CodeBPAHADAGPrimaryYes
2Equity Capital Advisory (Private Equity Placements, Growth Capital)
CodeBPAHAOAEPrimaryNo
3Debt & Capital Advisory (Debt Raising, Refinancing, Private Credit)
CodeBPAHAOADPrimaryNo
NAICS code2 codes
  • Portfolio Management and Investment Advice52394
  • Other Financial Investment Activities5239
SIC code2 codes
  • Services-Management Consulting Services8742
  • Investment Advice6282
Product category
Capital Markets and Investor Relations Advisory
Social media profiles2 records
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Consulting and Advisory Fees
TypeSubscription Recurring
Description

Westmount Capital generates revenue through monthly consulting fees charged to public companies for European investor relations services. The firm charges 6,000 Swiss Francs per month (approximately Cdn $10,550) for IR consulting engagements. Additional revenue comes from stock options issued to the firm's principal as part of consulting agreements.

stocktitan.net
Marketing channels2 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Personnel, Marketing or Sales, Operations, Others
Pricing details1 tier
1European IR Consulting Services - 6,000 CHF per month
ModelSubscriptionBilling cadenceMonthly
Notes

6,000 Swiss Francs (approximately Cdn $10,550) per month for European investor relations services under consulting agreement. Additional compensation may include stock options (e.g., 400,000 stock options issued to principal Robert Seguin for Xcite Uranium engagement from June 2026 to August 2027).

stocktitan.net
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Westmount Capital is a boutique advisory firm providing capital markets and investor relations services to micro and small-cap public companies with high growth potential. The firm organizes European road shows connecting client CEOs with institutional and private investors across major financial centers, delivers proactive investor relations programs including webinar coordination and conference participation, and assists clients with capital markets fundraising strategies such as private placements, mezzanine debt, and convertible debentures. Services are delivered through personalized consulting engagements billed on a monthly recurring basis.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Westmount Capital is a boutique advisory firm offering a unified suite of investor relations and capital markets services tailored for micro and small-cap companies. The core offerings consist of three interconnected services: Road-Shows (institutional investor presentations across European cities and Latin American in-country tours), the Investor Relations Program (proactive communication management, webinars, and conference coordination), and Capital Market Services (financing strategies, private placements, and market maker facility). These services work together to connect public companies with European institutional and private investors.

Product and service1 record
1Road-Shows and In-Country Tours
Scale indicator2 records

Each record includes

Type, Value, Description, Source

Partnership6 partners
Strategic tierCoreTypeChannel Partner/ Reseller/ Distributor
Description

Frankfurt-based firm and preferred partner for Westmount Capital's roadshows in Germany, covering Frankfurt, Munich, Berlin & Hamburg. Alexander Friedrich has extensive background in the European financial community focused on maintaining and growing customer presence throughout Europe.

2Candolle Capital (Geneva)
Strategic tierCoreTypeStrategic or Co-development Partner
Description

Geneva-based firm providing advice and assistance in connection with Fundraising and Cross-Border Mergers & Acquisitions, primarily in Natural Resources and Life Sciences sectors. Works with team of accountants and lawyers to provide financing options including short-term asset-backed loans, mezzanine financing, convertible loans, and equity fundraising.

westmountcapital.com
3Hupernikao Holdings, Inc. (Edward Borrelli)
Strategic tierMinorTypeStrategic or Co-development Partner
Description

Florida-based international corporate finance advisory firm. Edward Borrelli has over three decades of experience facilitating financings exceeding $500 million for U.S. and international clients. Serves as Director of Capital Markets at Hupernikao Holdings.

westmountcapital.com
Strategic tierMinorTypeStrategic or Co-development Partner
Description

Life science business advisory offering cross border services to Biotech, Medtech, Nutraceutical and Clean Energy companies. MRF and predecessor Valor Management were involved in $150M in transactions for North American and European companies since the late 1990s. Offices in Montreal and Belo Horizonte, Brazil.

Strategic tierMinorTypeGTM or Marketing Partner
Description

Fast-growing international network founded in 2009 with database of 120,000+ finance professionals. Headquartered in Lugano, Switzerland, with focus on Switzerland and Northern Italy. Organizes events including LUGANO COMMODITY FORUM and LUGANO FUND FORUM.

Strategic tierMinorTypeStrategic or Co-development Partner
Description

Pre-eminent provider of Outsourced Business Development Solutions for Media/Entertainment and Technology sectors. Bridges gap between North American & European Media/Entertainment and Technology markets. Offices in Toronto, Milan, and London.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Global advisory firm offering IR, capital markets, and corporate communications to public companies. Overlaps with Westmount on the investor relations and capital advisory axis but serves much larger global clients; demonstrates the scale ceiling Westmount competes against.

TypeDirect peer
Description

UK IR and investor relations consultancy specializing in small-cap and growth company clients listed across the LSE/AIM and European exchanges. Very similar boutique IR model targeting micro/small-cap clients.

TypeBroad incumbent
Description

Global advisory firm with a dedicated Strategic Communications segment providing IR and capital markets advisory to public companies at all sizes. Overlaps with Westmount on IR services for small and mid-cap issuers, but at vastly greater scale and breadth.

TypeDirect peer
Description

London-based financial PR and IR firm focused on AIM-listed and small-cap UK companies. Comparable in serving growth-stage public issuers with bundled IR and capital markets communications support across UK/EU markets.

TypeDirect peer
Description

London-based corporate communications and IR advisory serving small and mid-cap UK/EU listed companies. Comparable range of services (IR, financial PR, stakeholder engagement) and similar boutique positioning focused on the LSE and European markets.

TypeDirect peer
Description

London-based boutique IR and corporate communications firm specializing in small/mid-cap UK and European issuers. Closely comparable to Westmount on client profile (sub-$500M market cap), boutique model, and European roadshow/IR offerings.

7Candolle Capital
TypeDirect peer
Description

Geneva-based boutique firm providing fundraising and cross-border M&A advisory in natural resources and life sciences. Direct comparable on geography (Geneva), focus sectors (mining, biotech), and capital-raising services; listed as a collaborative partner of Westmount.

TypeDirect peer
Description

Montreal-based life sciences business advisory offering cross-border services to biotech, medtech, and clean energy companies. Comparable boutique cross-border capital advisory for small-cap health sciences issuers; listed as a Westmount partner.

9Hupernikao Holdings
TypeDirect peer
Description

Florida-based international corporate finance advisory with $500M+ in transactions facilitated for US and international clients. Comparable as a boutique cross-border capital advisory serving small-cap issuers; listed as a Westmount collaborative partner.

TypeDirect peer
Description

UK-headquartered corporate advisory delivering IR, capital markets, and communications to small and mid-cap companies across Europe. Closely comparable on target client profile, geographic concentration in European markets, and the bundling of IR with capital-raise advisory.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers10 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles10 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Westmount Capital

Capital Markets and Investor Relations Advisorywestmountcapital.com

Westmount Capital is a Geneva-based boutique advisory firm founded in 2006 that provides European investor relations, road show, and capital markets services to micro and small-cap public companies, primarily in biotech and mining.

What Westmount Capital does

Westmount Capital is a Geneva-headquartered boutique advisory firm founded in March 2006 by Robert Seguin that provides capital markets and investor relations services to micro and small-cap public companies. Its core offering is organized into three interconnected services: European Road-Shows (CEO presentation tours across London, Paris, Geneva, Zurich, Frankfurt, Berlin, Munich, Milan, Madrid, Monaco and other cities, plus in-country investor tours in Latin America), an Investor Relations Program (ongoing communications, Zoom webinars, mining-conference coordination at PDAC, Mines & Money, and Colombia Gold), and Capital Market Services (private placements, mezzanine debt, convertible debentures, and a Market Maker Facility at the Frankfurt Stock Exchange via a Munich-based associate).

The firm targets private and public listed micro and small-cap issuers that are undervalued, under-covered or seeking European institutional capital, with historical client concentration in biotech/pharma and mining/resources. Revenue is generated through monthly consulting fees (6,000 CHF per engagement, approximately $10,550 CAD) supplemented by equity compensation such as stock options granted to the principal. Customer acquisition is referral-driven and network-based, leveraging a 19-year-old network of high-net-worth individuals, family offices, fund managers and business leaders across Canada, Europe, Africa and South America.

Westmount operates from a single Geneva office (Rue De-Candolle 9), runs 11-50 personnel, and extends its reach through a collaborative partner network rather than organic headcount build-out. It is privately held, founder-led, and self-financed with no disclosed funding rounds or institutional investors.

Westmount Capital firmographics

Firmographics
Name
Westmount Capital
Legal name
Westmount Capital
Website
https://westmountcapital.com
Company type
Private
Founded year
2006
Operating status
Operating
Headcount range
11–50 employees
Short description
Westmount Capital is a Geneva-based boutique advisory firm founded in 2006 that provides European investor relations, road show, and capital markets services to micro and small-cap public companies, primarily in biotech and mining.
Ownership category
akta.pro rank

Westmount Capital industry classification

Industry
Product category
Capital Markets and Investor Relations Advisory
NAICS
Portfolio Management and Investment Advice (52394), Other Financial Investment Activities (5239)
SIC
Services-Management Consulting Services (8742), Investment Advice (6282)
akta.pro primary industry
Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG)
akta.pro secondary industries
Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE), Debt & Capital Advisory (Debt Raising, Refinancing, Private Credit) (BPAHAOAD)

Keywords

  • Investor relations services
  • Capital markets advisory
  • European road shows
  • Small-cap fundraising
  • Private placements advisory

Where Westmount Capital is headquartered

Location

Headquarters

HQ city
Genève
HQ country
Switzerland
HQ region
Europe

Offices1 record

Markets served

Westmount Capital business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Marketing or Sales, Operations, Others

Revenue model

  1. Consulting and Advisory Fees: Westmount Capital generates revenue through monthly consulting fees charged to public companies for European investor relations services. The firm charges 6,000 Swiss Francs per month (approximately Cdn $10,550) for IR consulting engagements. Additional revenue comes from stock options issued to the firm's principal as part of consulting agreements.

Pricing tiers

ModelBillingPrice
SubscriptionMonthlyEuropean IR Consulting Services - 6,000 CHF per month

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Westmount Capital product offering

Product offering

Core offering

Westmount Capital is a boutique advisory firm providing capital markets and investor relations services to micro and small-cap public companies with high growth potential. The firm organizes European road shows connecting client CEOs with institutional and private investors across major financial centers, delivers proactive investor relations programs including webinar coordination and conference participation, and assists clients with capital markets fundraising strategies such as private placements, mezzanine debt, and convertible debentures. Services are delivered through personalized consulting engagements billed on a monthly recurring basis.

Product overview

Westmount Capital is a boutique advisory firm offering a unified suite of investor relations and capital markets services tailored for micro and small-cap companies. The core offerings consist of three interconnected services: Road-Shows (institutional investor presentations across European cities and Latin American in-country tours), the Investor Relations Program (proactive communication management, webinars, and conference coordination), and Capital Market Services (financing strategies, private placements, and market maker facility). These services work together to connect public companies with European institutional and private investors.

Differentiator

Problem solved

Functional benefit

Products and services

  • Road-Shows and In-Country Tours

Companies that use Westmount Capital

Customer profile

Named customers10 records

Segments3 records

Ideal customer profiles3 records

Westmount Capital technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Westmount Capital partnerships and signals

Strategic signal

Partnerships

Six partnerships are on record, tiered core and minor.

  • Small Cap Invest (Alexander Friedrich)coreChannel Partner/ Reseller/ DistributorFrankfurt-based firm and preferred partner for Westmount Capital's roadshows in Germany, covering Frankfurt, Munich, Berlin & Hamburg. Alexander Friedrich has extensive background in the European financial community focused on maintaining and growing customer presence throughout Europe.
  • Candolle Capital (Geneva)coreStrategic or Co-development PartnerGeneva-based firm providing advice and assistance in connection with Fundraising and Cross-Border Mergers & Acquisitions, primarily in Natural Resources and Life Sciences sectors. Works with team of accountants and lawyers to provide financing options including short-term asset-backed loans, mezzanine financing, convertible loans, and equity fundraising.
  • Hupernikao Holdings, Inc. (Edward Borrelli)minorStrategic or Co-development PartnerFlorida-based international corporate finance advisory firm. Edward Borrelli has over three decades of experience facilitating financings exceeding $500 million for U.S. and international clients. Serves as Director of Capital Markets at Hupernikao Holdings.
  • MRF Associates (Michael Farley)minorStrategic or Co-development PartnerLife science business advisory offering cross border services to Biotech, Medtech, Nutraceutical and Clean Energy companies. MRF and predecessor Valor Management were involved in $150M in transactions for North American and European companies since the late 1990s. Offices in Montreal and Belo Horizonte, Brazil.
  • FinLantern (Riccardo Esposito)minorGTM or Marketing PartnerFast-growing international network founded in 2009 with database of 120,000+ finance professionals. Headquartered in Lugano, Switzerland, with focus on Switzerland and Northern Italy. Organizes events including LUGANO COMMODITY FORUM and LUGANO FUND FORUM.
  • Cameron Thomson Group (Ronald W. Thomson)minorStrategic or Co-development PartnerPre-eminent provider of Outsourced Business Development Solutions for Media/Entertainment and Technology sectors. Bridges gap between North American & European Media/Entertainment and Technology markets. Offices in Toronto, Milan, and London.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Westmount Capital competitors and assessment

Company assessment

Broad incumbents

  • Brunswick Group: Global advisory firm offering IR, capital markets, and corporate communications to public companies. Overlaps with Westmount on the investor relations and capital advisory axis but serves much larger global clients; demonstrates the scale ceiling Westmount competes against.
  • FTI Consulting: Global advisory firm with a dedicated Strategic Communications segment providing IR and capital markets advisory to public companies at all sizes. Overlaps with Westmount on IR services for small and mid-cap issuers, but at vastly greater scale and breadth.

Direct peers

  • Equity Development: UK IR and investor relations consultancy specializing in small-cap and growth company clients listed across the LSE/AIM and European exchanges. Very similar boutique IR model targeting micro/small-cap clients.
  • Buchanan Communications: London-based financial PR and IR firm focused on AIM-listed and small-cap UK companies. Comparable in serving growth-stage public issuers with bundled IR and capital markets communications support across UK/EU markets.
  • Luther Pendragon: London-based corporate communications and IR advisory serving small and mid-cap UK/EU listed companies. Comparable range of services (IR, financial PR, stakeholder engagement) and similar boutique positioning focused on the LSE and European markets.
  • Walbrook IR: London-based boutique IR and corporate communications firm specializing in small/mid-cap UK and European issuers. Closely comparable to Westmount on client profile (sub-$500M market cap), boutique model, and European roadshow/IR offerings.
  • Candolle Capital: Geneva-based boutique firm providing fundraising and cross-border M&A advisory in natural resources and life sciences. Direct comparable on geography (Geneva), focus sectors (mining, biotech), and capital-raising services; listed as a collaborative partner of Westmount.
  • MRF Associates: Montreal-based life sciences business advisory offering cross-border services to biotech, medtech, and clean energy companies. Comparable boutique cross-border capital advisory for small-cap health sciences issuers; listed as a Westmount partner.
  • Hupernikao Holdings: Florida-based international corporate finance advisory with $500M+ in transactions facilitated for US and international clients. Comparable as a boutique cross-border capital advisory serving small-cap issuers; listed as a Westmount collaborative partner.
  • Instinctif Partners: UK-headquartered corporate advisory delivering IR, capital markets, and communications to small and mid-cap companies across Europe. Closely comparable on target client profile, geographic concentration in European markets, and the bundling of IR with capital-raise advisory.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Westmount Capital social profiles

Digital presence

Westmount Capital financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Westmount Capital leadership team

Management profile

Number of profiles

Profiles10 records

Westmount Capital funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Westmount Capital M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Westmount Capital

What does Westmount Capital do?

Westmount Capital is a boutique advisory firm providing capital markets and investor relations services to micro and small-cap public companies with high growth potential. The firm organizes European road shows connecting client CEOs with institutional and private investors across major financial centers, delivers proactive investor relations programs including webinar coordination and conference participation, and assists clients with capital markets fundraising strategies such as private placements, mezzanine debt, and convertible debentures. Services are delivered through personalized consulting engagements billed on a monthly recurring basis.

Is Westmount Capital a public or private company?

Westmount Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Westmount Capital founded?

Westmount Capital was founded in 2006. It employs 11 to 50 people.

Where is Westmount Capital based?

Westmount Capital is headquartered in Genève, Switzerland, in the Europe region.

How does Westmount Capital make money?

One revenue line is on record: consulting and Advisory Fees.

Who are Westmount Capital's main competitors?

Broad incumbents on record are Brunswick Group and FTI Consulting. Direct peers are Equity Development, Buchanan Communications, Luther Pendragon, Walbrook IR, Candolle Capital, MRF Associates, Hupernikao Holdings and Instinctif Partners.

Does Westmount Capital have an API?

No public API is recorded for Westmount Capital.

What industry is Westmount Capital in?

Westmount Capital's product category is Capital Markets and Investor Relations Advisory. Its primary akta.pro industry code is BPAHADAG, Capital Raising Advisory (Debt/Equity/Private Capital), with a secondary code of BPAHAOAE, Equity Capital Advisory (Private Equity Placements, Growth Capital). Its NAICS code is 52394 and its SIC code is 8742.

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Live signals
Stock TitanXcite Uranium hires Westmount for European IRXcite Uranium Inc. has engaged Westmount Capital to provide European investor relations services under a consulting agreement running from June 4, 2026 to August 31, 2027. The company will pay 6,000 Swiss Francs (approximately Cdn $10,550) per month and has issued 400,000 stock options to Westmount's principal, Robert Seguin. Westmount Capital is a Switzerland-based advisory firm specializing in connecting public companies with European institutional and private investors.NewsfileXcite Uranium Engages Westmount Capital to Provide European IR ServicesXcite Uranium signed a consulting agreement with Westmount Capital to provide European investor relations services. The agreement runs from June 4, 2026 to August 31, 2027, with automatic renewal, and Westmount will charge 6,000 Swiss Francs monthly. Xcite also issued 400,000 stock options to Westmount's principal.BenzingaIzotropic Moves to Educate New Demographics on Breast CT, Engages New Consultants for Investor RelationsIzotropic Corporation, a Canadian medical technology company commercializing a dedicated breast CT imaging platform called IzoView, has engaged two consulting firms to expand its investor base and raise awareness among new demographics. The company partnered with YouTube-based Blaze Capital for USD 50,000 to produce 30 investor-focused videos targeting younger audiences, and Switzerland-based Westmount Capital for CHF 8,000 per month plus 200,000 stock options to provide European investor relations services. CEO Dr. John McGraw stated the initiative aims to reach investors under age 44, citing their interest in socially responsible investing and the relevance of breast cancer imaging to younger patients with higher breast densities.GlobeNewswireMedexus Announces Engagement of Westmount Capital andMedexus Pharmaceuticals entered a consulting agreement with Westmount Capital for European investor relations services, paying C$5,000 monthly for a 3-month trial. The company also granted 24,000 PSUs and 48,000 options to two executives, with vesting tied to performance.GlobeNewswireAntioquia Gold Announces Corporate Advisory Agreement With Westmount CapitalAntioquia Gold entered a corporate advisory agreement with Westmount Capital to finance development of its Cisneros Project in Colombia. The company plans a private placement of debentures up to $20 million, with the first tranche of $6 million expected to close by February 28, 2014. Funds will support a feasibility study and initial construction.