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Newfoundland and Labrador Based Entrepreneur and Businessman

Glen McKay's Bio:

Glen McKay has had a long, varied business career with successes that have led him to become an influential name in the business community of Newfoundland and Labrador.

As an entrepreneur, executive and financial consultant, Glen McKay has made his mark across a swath of business sectors – from finance to resource exploration and development to product supply.

For the last 33 years, McKay has been associated with Newfoundland Hard-Rok Inc, a privately held explosives manufacturing and drilling and blasting company that he founded and currently serves as chairman of the board, with responsibility for its finance and administration.

The company was part of an earlier McKay startup, MRO Supplies Ltd, which specialized in equipment sales for a variety of industries, including mining, forestry, fishery and construction. In 1987, McKay spun off Newfoundland Hard-Rok Inc., selling part of it to two MRO employees who continue on as its operations managers and McKays’ partners. Today, Newfoundland Hard-Rok Inc is the largest explosives manufacturing and drilling and blasting company in Newfoundland and Labrador.

At the same time the spinoff occurred, McKay invested the necessary capital to help start up Apex Construction Specialties Inc. He served on the board, and maintained an ownership position, of this privately held construction and building products firm until its sale to a Quebec based investment group in 2017. At the time of Its sale it was the leading supplier of commercial and industrial building products in Newfoundland and Labrador.

Glen McKay’s interests also have extended to resource exploration, which led to his co-founding of Cornerstone Capital Resources Inc in 1997. Under his leadership, the company has achieved substantial growth beyond Canadian borders – notably with successful explorations in Ecuador and Chile.

In 2011, during McKay’s tenure as Cornerstone’s president, CEO and vice chair, the company’s acquisition of the Cascabel project in Ecuador was completed successfully. Cascabel has emerged as a new, world-class mining deposit that has been compared to Rio Tinto’s Oyu Tolgoi copper mine in Mongolia. He stepped down from the company in 2012 but retains a significant ownership share in it today.

In addition to his ongoing association with Newfoundland Hard-Rok, Glen McKay manages his privately held Sealan Capital Corporation Inc, the consultancy he launched in 1979 and continues to run today. Through Sealan, he works on private and public equity investments and also is involved in residential and commercial leasing.

Glen McKay graduated high school in Springdale, Newfoundland, then tested the water in hardware and equipment sales before launching his first business, MRO Supplies Ltd in 1978.

Glen McKay's Experience:

Glen McKay's Interests & Activities:

Business leadership, traveling, resource industry and entrepreneurship.

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