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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

Comment by NineLiveson Sep 11, 2024 7:02pm
72 Views
Post# 36219469

RE:RE:New Press Release - Maritime Announces Closing of $8 Million Rights Offering Backstopped by Dundee

RE:RE:New Press Release - Maritime Announces Closing of $8 Million Rights Offering Backstopped by Dundee

Now that is very interesting. This could mean MAE is in play. Haven't bought a significant amount just yet, still watching to see if the stock gets any traction. Mind you, it could be a halt and takeover in which case I'll miss it, but I think more news is needed first. We shall see.

As for SGNL, I believe their goose is cooked, they've become a one trick pony and a provincial government not really embracing mining companies.

Nick Tintor started the ball rolling with Anaconda and they could easily have become a cash cow but too much of the revenues flew out the window and the game plan got more clouded as Pine Cove got depleted and management changed. Sad ending to what have could have been the start of a large producer in Newfoundland. MOZ also hit the wall but a much happier ending for them, to some degree.

Where there's cash the sharks will swim

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