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 > Sprott is second largest Holder of Maritime

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Post by nozzpackon Sep 14, 2024 7:36am

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Post# 36223610

Sprott is second largest Holder of Maritime

Sprott owns at least 25.7 million shares of Maritimes and 7.9 million warrants....total of 33.6 million .

This was of 2021 .

Not all placees were named in all of Maritimes PPs so Sprott may own more.

However, assuming the warrants were exercised and Sprott exercised its rights, Sprott would now own about 44 million shares of Maritime which would be the second highest holder of Maritime shares along with Dundee.

Thats a very cash rich Combo..

FWIW

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