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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 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

Post by shiftyoneon Feb 20, 2024 4:07pm
92 Views
Post# 35889599

these guys have to raise money

these guys have to raise moneythey probably can.... but it sure would be nice if they could get the approvals first and raise it maybe at a better rate.
someone might be holding the price down to participate.
the new presentation says they have 1 million in working capital.  That won't go far or last long.  arghh.

I've been looking for where NFG said they would be studying the toll mining agreement with a decision to by made either in or by Q2.  I haven't been able to locate it yet.  I believe it was a video and I have looked at many dozens in the past few days.  It was probably released the end of Nov or sometime in Dec.

Anyway.... they need cash.  And there are a people putting up blocks to the shareprice.  Just like happened last time they needed cash.

Discouraging.   After a financing, perhaps the price will be able to go up with all the potential,  unless of course someone decides to dump 20 million shares.

GLTA
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