Savage was actively looking to make a bolt gun in 300 but stopped the process because they couldn't achieve good enough accuracy.
I think they stopped it because they announced it as a 1/10 twist 20 inch barrel, and no one wanted that configuration, so they got no orders. It is then possible that it never occurred to them that they made a mistake on how to specify the rifle, and so assumed their lack of orders meant that they would not sell enough rifles to recover R&D costs. And so canceling the project was a smart move if they really planned to release the rifle with 1/10 twist and a 20 inch barrel because everyone wants 1/7 twist and a 16 inch barrel. In fact, 1/10 twist and a 20 inch barrel would not be able to give good results with subsonic ammunition as the twist is not fast enough to make the bullets stable.