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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 nozzpackon Sep 14, 2024 12:36pm
83 Views
Post# 36223851

RE:RE:Sprott is second largest Holder of Maritime

RE:RE:Sprott is second largest Holder of Maritime41.5 % for Dundee and 8.95% for Firefly means that Dundee and Firefly have over 50 % which makes them controlling shareholders .

This augurs well for Baie Verte becoming the Hub and Spoke business model of Maritime.

The only major asset outside the Baie Verte Peninsula is NFGs Queensway gold discovery.

On the NFG I provide a cogent speculative post that Dundee will acquire Pali and its 44 million NFG shares.

Along with Sprott, they would own over 50 % of NFG.

This would activate the tolling MOU and bring Queensway ore into the BV Hub and Spoke model.

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