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%).

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Maritime Resources Corp > $30 million in cash Inflows

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Comment by MAKEITBACKon Aug 30, 2024 6:28pm

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Post# 36203525

RE:RE:RE:RE:$30 million in cash Inflows

Yes, Nozzpack, "upon production" you say. That is the problem. What is holding back production, and why is it taking so long. The ingredients are all in place, but it would appear they are targetting a more than year out. Whatever funds we have should be targeted on the soonest production possible. I get the impression that they are delaying production, not accelerating it. We should be getting news releases advising us about how near production is.

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