Maritime Resources (TSE:MAE) has released an update.
Maritime Resources Corp. has finalized a significant private placement with FireFly Metals, securing $2.5 million in funding through the sale of common shares and warrants. The investment by FireFly, which now holds an 8.4% interest in Maritime, is aimed at advancing the Hammerdown Gold Project and general corporate purposes, including a new port access agreement for exporting copper concentrates. The capital infusion is a strategic step in the company’s growth in the Newfoundland and Labrador mining district.
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