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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 > Strong price gains on Share Consolidation
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Comment by nozzpackon Aug 16, 2024 5:25am
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Post# 36181982

RE:RE:Strong price gains on Share Consolidation

RE:RE:Strong price gains on Share Consolidation ABRA ...a junior silver explorer .. announced 1 for 5 consolidation in May 2024 at $0.52.

Currently at $2.60  which is no change.

This surprises me as this type of Junior explorer burns through cash with no hope of producing cash flows , requiring frequent equity raises ....in this case , $1.5 million per quarter on drilling ..but its silver project is not moose pasture as it has good prospectivity imo..
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