Maritime Resources Announces Closing of $20 Million Brokered Private Placement Financing
Toronto, Ontario--(Newsfile Corp. - April 9, 2025) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce the closing of its previously announced brokered "best efforts" private placement offering (the "Offering") of units of the Company ("Units") for aggregate gross proceeds of $20,002,500. The Offering was led by Paradigm Capital Inc. ("Paradigm"), as lead agent and sole bookrunner, on a "best efforts" agency basis, together with SCP Resource Finance LP...
2025-04-09 10:04 AM EDT
Maritime Announces Issuance of Shares in Satisfaction of Interest Payment Obligations
Toronto, Ontario--(Newsfile Corp. - April 3, 2025) - Maritime Resources (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that, in connection with its previously announced contemplated issuance of common shares (the "Interest Shares") to holders of US$5,000,000 non-convertible senior secured notes issued on August 14, 2023 (the "Notes"), the Company has issued 2,573,090 Interest Shares in full satisfaction of the interest payable thereunder as of March 31, 2025 in the aggregate...
2025-04-03 7:32 PM EDT
Maritime Announces Election to Issue Shares in Satisfaction of Interest Payment Obligations
Toronto, Ontario--(Newsfile Corp. - March 27, 2025) - Maritime Resources (TSXV: MAE) ("Maritime" or the "Company") announces that it has elected to issue an aggregate of up to 3,593,750 common shares (the "Interest Shares") to holders of US$5,000,000 non-convertible senior secured notes issued on August 14, 2023 (the "Notes") in full satisfaction of the interest payable thereunder as of March 31, 2025 (the "Interest Payment"). The final dollar amount of the Interest Payment will be calculated...
2025-03-27 8:34 PM EDT
Maritime Resources Announces Upsize of the Previously Announced Private Placement to $20 Million
Toronto, Ontario--(Newsfile Corp. - March 20, 2025) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that in connection with its previously announced best efforts private placement offering (the "Offering"), the Company and Paradigm Capital Inc. ("Paradigm"), as lead agent and sole bookrunner, for and on behalf of a syndicate of agents (collectively, the "Agents") have agreed to increase the size of the Offering. The Company will now issue up to...
2025-03-20 12:34 PM EDT
Maritime Resources Announces an up to $15 Million Best Efforts Private Placement Financing
Toronto, Ontario--(Newsfile Corp. - March 19, 2025) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. ("Paradigm") as lead agent and sole bookrunner, for and on behalf of a syndicate of agents (collectively, the "Agents"), in connection with a proposed best efforts private placement financing (the "Offering") for total proceeds of up to approximately $15 million, consisting of up to...
2025-03-19 5:05 PM EDT
Maritime Drills 19.9 gpt Gold over 17 Metres, Including 32.2 gpt Gold over 10 Metres at the Hammerdown Gold Project
Toronto, Ontario--(Newsfile Corp. - March 14, 2025) - Maritime Resources Corp. (TSXV: MAE) (OTC Pink: MRTMF) ("Maritime" or the "Company") is pleased to announce additional drill results from a grade control drill program at the Hammerdown Gold Project. Hammerdown is located in the Baie Verte mining district of Newfoundland and Labrador, near the towns of King's Point and Springdale. Highlights:19.9 grams per tonne ("gpt") gold ("Au") over 17.0 metres ("m"), including 32.2 gpt Au over 10.0 m...
2025-03-14 7:00 AM EDT
Early Warning News Release Regarding the Securities of Emperor Metals Inc
The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.Toronto, Ontario--(Newsfile Corp. - March 12, 2025) - On March 11, 2025, Maritime Resources Corp. (the "Acquiror"), acquired 12,500,000 common shares in the capital ("Common Shares") of Emperor Metals Inc. (the "Issuer") at a deemed price of $0.07 per Common Share (the "Transaction"), pursuant to a property purchase agreement dated January...
2025-03-12 12:48 PM EDT
Maritime Completes Sale of Lac Pelletier Project to Emperor Metals
Toronto, Ontario--(Newsfile Corp. - March 11, 2025) - Further to its press release dated January 7, 2025, Maritime Resources Corp. (TSXV: MAE) (OTC Pink: MRTMF) ("Maritime" or the "Company") is pleased to announce that it has completed the sale of its interests in the Lac Pelletier gold project (the "Project") to Emperor Metals Inc. (CSE: AUOZ) ("Emperor"), an arm's length party to Maritime. The Project is located approximately 9 km east of Agnico Eagle Mines' Wasamac gold project near...
2025-03-11 6:34 PM EDT
Maritime Drills 12 gpt Gold over 28.0 Metres Including 73.7 gpt Gold over 4 Metres at Hammerdown Gold Project
Toronto, Ontario--(Newsfile Corp. - March 4, 2025) - Maritime Resources Corp. (TSXV: MAE) (OTC Pink: MRTMF) ("Maritime" or the "Company") is pleased to announce additional drill results from a grade control drill program at the Hammerdown Gold Project. Hammerdown is located in the Baie Verte mining district of Newfoundland and Labrador, near the towns of King's Point and Springdale. Highlights:12.0 grams per tonne ("gpt") gold ("Au") over 28.0 metres ("m"), including 73.7 gpt Au over 4.0m...
2025-03-04 7:00 AM EST
Maritime Announces the Start of Mineral Processing Operations at Pine Cove
Toronto, Ontario--(Newsfile Corp. - February 27, 2025) - Maritime Resources Corp. (TSXV: MAE) (OTC Pink: MRTMF) ("Maritime" or the "Company") is pleased to announce it has commenced mineral processing operations at the Company's Pine Cove Mill. Pine Cove is part of the larger Point Rousse Gold Project, located in the Baie Verte mining district of Newfoundland and Labrador, near the towns of Ming's Bight and Baie Verte. Highlights:Processing of crushed feed from mineralized stockpiles has...
2025-02-27 7:00 AM EST
Maritime Resources to Attend PDAC 2025 and Present at Canada's Atlantic Edge Event
Toronto, Ontario--(Newsfile Corp. - February 25, 2025) - Maritime Resources Corp. (TSXV: MAE) (OTC Pink: MRTMF) ("Maritime" or the "Company") is pleased to announce that it will be attending the Prospectors and Developers Association of Canada ("PDAC") conference on March 2-5, 2025, in Toronto, Canada. Maritime's representatives, including members of senior management, technical staff, and investor relations, will be happy to meet with investors and other interested parties at its Booth 2816...
2025-02-25 6:00 PM EST
Maritime Drills 24.1 gpt Gold over 3.0 Metres at Its Hammerdown Gold Project
Toronto, Ontario--(Newsfile Corp. - February 13, 2025) - Maritime Resources Corp. (TSXV: MAE) (OTC Pink: MRTMF) ("Maritime" or the "Company") is pleased to announce additional drill results from a grade control drill program underway at the Hammerdown Gold Project. Hammerdown is located in the Baie Verte mining district of Newfoundland and Labrador, near the towns of King's Point and Springdale. Highlights:24.1 grams per tonne ("gpt") gold ("Au") over 3.0 metres, including 70.8 gpt Au over...
2025-02-13 7:00 AM EST
Maritime Drills 41.6 gpt Gold over 6.3 Metres Including 127.5 gpt Gold over 2 Metres at Its Hammerdown Gold Project
Toronto, Ontario--(Newsfile Corp. - January 27, 2025) - Maritime Resources Corp. (TSXV: MAE) (OTC Pink: MRTMF) ("Maritime" or the "Company") is pleased to announce initial drill results from a definition drill program underway at its Hammerdown Gold Project. Hammerdown is located in the Baie Verte mining district of Newfoundland and Labrador, near the towns of King's Point and Springdale. Highlights:41.6 grams per tonne ("gpt") gold ("Au") over 6.3 metres, including 127.5 gpt Au over 2.0...
2025-01-27 7:00 AM EST
Maritime Announces Sale of Lac Pelletier Project to Emperor Metals
Toronto, Ontario--(Newsfile Corp. - January 7, 2025) - Maritime Resources Corp. (TSXV: MAE) (OTC Pink: MRTMF) ("Maritime" or the "Company") is pleased to announce the sale, subject to customary closing conditions, of its interests in the Lac Pelletier gold project ("Lac Pelletier" or the "project") to Emperor Metals Inc. (CSE: AUOZ) ("Emperor") pursuant to the parties entering into a property purchase agreement on January 7, 2025. Lac Pelletier is located approximately 9 km east of Agnico...
2025-01-07 7:30 PM EST
Maritime Begins Crushing at the Pine Cove Mill and Provides Update on Restart Activities
Toronto, Ontario--(Newsfile Corp. - December 11, 2024) - Maritime Resources Corp. (TSXV: MAE) (OTC Pink: MRTMF) ("Maritime" or the "Company") is pleased to announce the commencement of crushing of the mineralized stockpiles at the Company's Pine Cove gold processing facility ("Pine Cove"). Pine Cove is located near the communities of Ming's Bight and Baie Verte in Newfoundland and Labrador, Canada and has been on care and maintenance since March 2023. The facility includes a fully permitted...
2024-12-11 7:00 AM EST
Maritime Trench Sampling at Hammerdown Returns 49 gpt Gold Over 0.4 Metres Width Along a Strike Length of 45 Metres
Toronto, Ontario--(Newsfile Corp. - November 27, 2024) - Maritime Resources Corp. (TSXV: MAE) (OTC Pink: MRTMF) ("Maritime" or the "Company") is pleased to announce results of additional surface sampling at the Hammerdown Gold Project ("Hammerdown" or the "Project") near the towns of King's Point and Springdale in the Baie Verte mining district of Newfoundland and Labrador. Hammerdown is an advanced stage, high grade gold development project that has all major permitting completed and has the...
2024-11-27 7:00 AM EST
Maritime Initiates Re-Commissioning Program at the Pine Cove Mill
Toronto, Ontario--(Newsfile Corp. - October 9, 2024) - Maritime Resources Corp. (TSXV: MAE) (OTC Pink: MRTMF) ("Maritime" or the "Company") is pleased to announce that refurbishment work has begun at the Company's Pine Cove mill ("Pine Cove") in the Baie Verte mining district of Newfoundland and Labrador. Maritime acquired the Point Rousse Project in 2023, including the Pine Cove gold processing plant and large capacity in-pit tailings storage facility. The plant operated until the first...
2024-10-09 7:00 AM EDT
Maritime Announces Change of Chairman of the Board of Directors
Toronto, Ontario--(Newsfile Corp. - September 25, 2024) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that Allen Palmiere, an existing member of the Company's board of directors (the "Board"), has been named Chairman of the Board. John Hayes has stepped down as Chairman but will continue as a member of the Board.Garett Macdonald, President and CEO, commented, "This change is being made to support the Company as it transitions towards development...
2024-09-25 6:00 PM EDT
Maritime Announces Closing of $8 Million Rights Offering Backstopped by Dundee
Toronto, Ontario--(Newsfile Corp. - September 11, 2024) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") and Dundee Corporation (TSX: DC.A) are pleased to announce the closing of Maritime's previously announced rights offering (the "Rights Offering"), pursuant to which the Company issued rights (the "Rights") to the holders of its common shares (the "Common Shares") at the close of business (Toronto time) on August 13, 2024. Each Right entitled to the holder to purchase...
2024-09-11 6:00 PM EDT
Maritime Announces $8 Million Rights Offering Backstopped by Dundee
Toronto, Ontario--(Newsfile Corp. - August 6, 2024) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") and Dundee Corporation (TSX: DC.A) are pleased to announce that Maritime is commencing a rights offering (the "Rights Offering") to the holders of common shares in the capital of the Company ("Common Shares") to raise aggregate gross proceeds of approximately $8,000,000. The net proceeds of the Rights Offering will be used for upgrading the Company's Pine Cove mill to...
2024-08-06 11:49 PM EDT