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 > We common shareholders are at he mercy of Dundee now.

<< Previous

Bullboard Posts

Next >>

Post by shiftyoneon Nov 10, 2024 7:30pm

100 Views

Post# 36305953

We common shareholders are at he mercy of Dundee now.

Of course Dundee wants to maximize the value that can be drawn from MAE.

Dundee, they have supported MAE for years. They have financed it for years. Now they control just about 50% on the record.

Dundee wants to make a profit of course, and with the latest rights offering show that they believe in the possibilites for MAE..

Is Dundee a company that wants to spend years building a mining company? Or would they prefer to make a deal with someone?

Time will tell.

<< Previous

Bullboard Posts

Next >>

BMO launches enhanced platform with tools for options trading