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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

Post by nozzpackon Jan 22, 2025 7:40am
91 Views
Post# 36414650

Behind the scene major development ?

Behind the scene major development ?

We should have resumed mining by now, with all three pre requisites in place and announced.

This is coincident with major management changes in NFG, removing the floaters and replacing them with hand picked top shelf action executives.

Eric knows as we al do that NFG can only change its market cap trajectory by early mining or acquiring 
a producer with excess processing capacity .

They have no other option than Maritime.
In the meantime , Maritine is critical to Fireflys strategic plans.

On the sidelines but controlling Maritime is Dundee.

Any deal for Maritime will have to involve agreement from all three.

That may not be as easy as one thinks .....Dundee may want a piece of NFG or a sweeter deal including Flys Pickle Crow gold deposit in Red Lake  or any other number of sticklers .

Imo, it is the sweeteners that is being negotiated but just my opinion
 

So, I'm sitting back in a good mood.

Its great to be fought over..

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