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Maritime Resources Corp V.MAE

Alternate Symbol(s):  MRTMF

Maritime Resources Corp. is a Canada-based gold exploration and development company. The Company is focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador, a top tier global mining jurisdiction. The Company holds a 100% interest directly and subject to option agreements entitling it to earn 100% ownership in the Green Bay Property, which includes the former Hammerdown gold mine and the Orion gold project. It also controls over 439 square kilometers (km2) of exploration land including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects. Mineral processing assets owned by the Company in the Baie Verte mining district include the Pine Cove mill and the Nugget Pond gold circuit. The Point Rousse Project covers an area of approximately 54 km2. The Company also owns the Lac Pelletier gold project in Rouyn Noranda, Quebec. Its wholly owned subsidiary is 2823988 Ontario Corp.


TSXV:MAE - Post by User

Post by nozzpackon Jan 25, 2024 6:08am
95 Views
Post# 35844449

Altius Model

Altius ModelAltius ( T.ALS ..market cap $890 m ) began as a project generator which it soldJVed while retaining royalty rights .

https://www.altiusminerals.com/_resources/webcasts/2022-q4-ppt-for-website-1678293902.pdf?v=0.415?v=0.869?v=0.206

Eventually, it developed a substantial royalty suite and is now an elite royalty company.

But, the project generator model is still in place as Dalton  keep acquiring more  prospective assets .

Its a great model , removing many of the risks/ costs  of project development to production .

And, it's difficult not to observe that Maritime has the same project generator model .

As an aside, many of us Rockers were into the Voiseys Bay play 30 years ago ...( Dalton managed to acquire a royalty on its production..)

I recall that I was impressed by the nickel potential of the Eastern Deeps of Voiseys, which was held by another Junior at that time whom I was invested in.

Anyway, I had long forgotten about the Eastern Deeps but looking over the most recent CP of Altius...see link..I'll be GDamed if the Dalton Gang are now bringing the Eastern Deeps into nickel production ....30 years later .

Maybe, Brian sees himself in Maritime..
Apologies for the aside..


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