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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 Dec 08, 2024 8:28am
70 Views
Post# 36351469

RE:Correction to my last post

RE:Correction to my last postConsolidation is necessary from a valuation viewpoint.....funds cannot buy in at penny prices.....and it will benefit the market cap because we are grossly undervalued, ignored by the market due to the fact that investors seriously consider a stock trading at 5 cents with over 800 m shares.

Why they have not yet enacted the consolidation....entirely imo..is that a consolidation event .....merger, buyout, acquisition. ..is under consideration, with the 1 for 10 consolidation. being part of that process.

Hopefully, we get news soon that the mill is now ready for resuming production..
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