An update from Maritime Resources ( (TSE:MAE) ) is now available.
Maritime Resources Corp. has completed the sale of its Lac Pelletier gold project to Emperor Metals Inc., receiving 12.5 million common shares of Emperor, which represents approximately 10.8% of Emperor’s issued and outstanding shares. This transaction allows Maritime to focus on its high-grade Hammerdown Gold Project in Newfoundland and Labrador, while gaining a strategic position in Emperor Metals, enhancing its presence in the Abitibi gold exploration sector.
More about Maritime Resources
Maritime Resources Corp. is a 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 in the Green Bay Property, which includes the former Hammerdown gold mine and the Orion gold project. Maritime controls over 439 km² of exploration land, including the Green Bay, Whisker Valley, Gull Ridge, and Point Rousse projects. The company also owns mineral processing assets in the Baie Verte mining district, such as the Pine Cove mill and the Nugget Pond gold circuit.
YTD Price Performance: 25.00%
Average Trading Volume: 404,236
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$62.94M
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