Maritime Resources Corp. (V:MAE)
Business Focus: Gold (NEC)
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 1900 -110 Yonge Street TORONTO ON M5C 1T4 |
| Tel: | N/A |
| Website: | https://maritimeresourcescorp.com |
| IR: | See website |
| Key People | ||
| Allen Palmiere Chairman of the Board | Garett Macdonald President, Chief Executive Officer, Director | Germaine M. Coombs Chief Financial Officer, Vice President - Finance |
| Perry Blanchard Vice President - Environment, Sustainability | Lorna D. Macgillivray Corporate Secretary | |
| Business Overview |
| 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%). |
| Financial Overview |
| For the nine months ended 30 September 2024, Maritime Resources Corp revenues was not reported. Net loss increased from C$1.8M to C$4.9M. Higher net loss reflects Financing expense and accretion increase from C$220K to C$1.4M (expense), Care and maintenance increase from C$92K to C$1M (expense), Salaries and benefits increase of 81% to C$1.5M (expense). Basic Earnings per Share excluding Extraordinary Items totaled to -C$0.01. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $49.18M as of Sep 30, 2024 |
| Annual revenue (TTM): | $0.00M as of Sep 30, 2024 |
| EBITDA (TTM): | -$5.47M as of Sep 30, 2024 |
| Net annual income (TTM): | -$5.59M as of Sep 30, 2024 |
| Free cash flow (TTM): | -$5.16M as of Sep 30, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 831,010,437 as of Sep 30, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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