Maritime Resources Corp V.MAE

Alternate Symbol(s): MRTMF

Metals & Mining Gold

Maritime Resources Corp. is a Canada-based gold exploration and development company focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador. 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 controls over 439 square kilometers (km2) of exploration land including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects. The Company owns mineral processing assets in the Baie Verte mining district, which include the Pine Cove mill and the Nugget Pond gold circuit. It also owns the Lac Pelletier gold project in Rouyn Noranda, Quebec. Its land holding, across all its properties, covers an area of approximately 43,925 hectares, of which the Company holds a 100% mineral rights interest in 37,050 hectares with the remaining 2,175 hectares under option agreements (100%).

TSXV:MAE - Post by User

Maritime Resources Corp > NP-You might Enjoy This article on the Takeover Of Marathon

<< Previous

Bullboard Posts

Next >>

Comment by tdsbon Nov 16, 2023 10:10am

86 Views

Post# 35738955

RE:RE:RE:RE:RE:RE:NP-You might Enjoy This article on the Takeover Of Marathon

The management at Marathon obviously didn't want to finish the mine or they wouldn't have signed on, so it is immaterial.The termination fee is roughly 5%, or 17.5 million, but if someone else wants the mine, it is non-material for such a deal. Cheers!

<< Previous

Bullboard Posts

Next >>

Advancing flagship Ishkõday Gold Project in Ontario