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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 May 03, 2024 2:37pm
158 Views
Post# 36022220

The Roadshows begin

The Roadshows beginThese are an investment by MAE, and hopefully have some fruitful results. Sometimes they do, sometimes they don't.


What we really need is some concrete news on how they intend to act on all their great intentions and plans.

Ie... how are they going to get capital?

A tolling agreement with NFG could do that.  But if no agreement is reached there, it won't be pretty.

If that falls through, then they are free to negotiate an agreement with Firefly.  That could be just as good, but what is the timeline to make an agreement.

All these dreams of us moving forward are nice to think about... if they happen.  

We should get a bit of news on the cleanup shortly.  Hopefully another million dollars.

But we need something concrete to build upon.

It is my hope that they can announce something in the near term on executing.
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