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Maritime Resources Corp. (V:MAE)

Business Focus: Gold (NEC)

Mar 25, 2024 06:18 pm ET
Maritime Announces Strategic Investment By FireFly Metals
Toronto, Ontario--(Newsfile Corp. - March 25, 2024) - Maritime Resources Corp. (TSXV: MAE) (OTC Pink: MRTMF) ("Maritime" or the "Company") is pleased to announce that it has completed a non-brokered private placement of 50,000,000 common shares of the Company ("Common Shares") at a price of $0.05 per Common Share and 3,648,069 common share purchase warrants ("Warrants") to FireFly Metals Ltd (ASX: FFM) ("Firefly") for aggregate gross proceeds of $2,500,000. Each Warrant entitles the holder to acquire one common share (each, a "Warrant Share") at a price of $0.05 per Warrant Share for 60 months from the date of issuance (the "Offering"). Following completion of the Offering, Firefly owns approximately 8.4% of the issued and outstanding Common Shares and approximately 8.95% on a partially diluted basis.
Feb 29, 2024 06:30 pm ET
Maritime Announces Completion of All Major Project Permitting for the Hammerdown Gold Project
Toronto, Ontario--(Newsfile Corp. - February 29, 2024) - Maritime Resources Corp. (TSXV: MAE) (OTC Pink: MRTMF) ("Maritime" or the "Company") is pleased to announce that the Department of Industry, Energy and Technology ("IET") of the Province of Newfoundland and Labrador has approved the Closure and Development plans for the Hammerdown Gold Project ("Hammerdown" or the "Project"). The Project is located near the towns of King's Point and Springdale in the Baie Verte mining district.
Feb 21, 2024 07:00 am ET
Maritime to Attend PDAC 2024 and Present at the Canada's Atlantic Edge Event on March 5th
Toronto, Ontario--(Newsfile Corp. - February 21, 2024) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that it will be attending the Prospectors and Developers Association of Canada ("PDAC") conference on March 3-6, 2024, 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 (Investors Exchange) at the Metro Toronto Convention Centre.
Feb 15, 2024 07:00 am ET
Maritime Provides Exploration Update On The Point Rousse Project
Toronto, Ontario--(Newsfile Corp. - February 15, 2024) - Maritime Resources Corp. (TSXV: MAE) (OTC PINK: MRTMF) ("Maritime" or the "Company") is pleased to provide an update of the exploration potential and plans at its Point Rousse project in the Baie Verte mining district of Newfoundland and Labrador (the "Point Rousse Project"). The Point Rousse Project covers 57 km2 and has a long history of gold production and exploration with over 200,000 ounces of gold produced in the last 10 years. Maritime acquired the project from Signal Gold Inc. ("Signal Gold") in August 2023, including the Pine Cove mill and tailings storage facility.
Jan 18, 2024 07:00 am ET
Maritime Confirms High Grade Gold, Silver, and Copper at Black Ridge
Toronto, Ontario--(Newsfile Corp. - January 18, 2024) - Maritime Resources Corp. (TSXV: MAE) (OTC Pink: MRTMF) ("Maritime" or the "Company") is pleased to report additional bedrock sample assays from the Black Ridge gold rich volcanic massive sulphide (VMS) target in Newfoundland and Labrador. Black Ridge is located at the southwest corner of the Company's land holdings, approximately 15 km from the Hammerdown Gold Project near the communities of King's Point and Springdale. The property is at an early stage of exploration but hosts several high-grade gold, silver and copper showings in outcrop, float, and soil samples.
Jan 15, 2024 07:00 am ET
Maritime Resources Initiates Gold Recovery Program at the Pine Cove Mill
Toronto, Ontario--(Newsfile Corp. - January 15, 2024) - Maritime Resources Corp. (TSXV: MAE) (OTC Pink: MRTMF) ("Maritime" or the "Company") is pleased to report it has initiated a precious metals clean up program at the Company's newly acquired Pine Cove mill complex, located in the Baie Verte mining district, approximately 20 km from the town of Baie Verte, Newfoundland and Labrador. Maritime's mill employees have recovered and poured a gold doré bar containing 281.1 ounces of gold generating approximately C$750,000 of revenue. Over the next few months the remaining fines and residues throughout the mill will be collected and concentrated by a specialized contractor for shipment to a refinery for final recovery of any precious metals. The proceeds will be used for general working capital purposes.
Dec 01, 2023 07:00 am ET
Maritime Announces Board and Management Changes
Toronto, Ontario--(Newsfile Corp. - December 1, 2023) - Maritime Resources (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that all items put before the shareholders of the Company at the Company's 2023 Annual General and Special Meeting (the "Meeting") held on Thursday, November 30, 2023 were approved. Immediately following the Meeting, effective November 30, 2023, the following director and officer changes occurred to reflect the continued evolution and development of Maritime:
Nov 27, 2023 07:00 am ET
Maritime Resources Stakes Black Ridge Property with Outcrop Grades of 8.8 gpt Gold, 198.6 gpt Silver and 10.3% Copper
Toronto, Ontario--(Newsfile Corp. - November 27, 2023) - Maritime Resources Corp. (TSXV: MAE) (OTC Pink: MRTMF) ("Maritime" or the "Company") is pleased to report it has staked the Black Ridge volcanic massive sulphide (VMS) target in Newfoundland and Labrador. Black Ridge is located at the southwest corner of the Company's land holdings, approximately 15 km from the Hammerdown Gold Project near the communities of King's Point and Springdale. The property is at an early stage of exploration but hosts several high-grade gold, silver and copper showings in outcrop, float and soil samples.
Nov 24, 2023 05:05 pm ET
Maritime Resources Provides Update on Annual General and Special Meeting of Shareholders
Toronto, Ontario--(Newsfile Corp. - November 24, 2023) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") announces its Annual General and Special Meeting ("AGSM") will be held on Thursday, November 30, 2023 at 10:00 am EST at Maritime's Toronto office at 19th Floor, 110 Yonge Street, Toronto, Ontario.
Oct 30, 2023 01:02 pm ET
Maritime Resources adds processing plant as company looks to de-risk NFLD and Labrador assets
Maritime Resources Corp CEO Garrett Macdonald joined Steve Darling from Proactive to share important developments regarding the company's project in Newfoundland and Labrador.
Oct 11, 2023 07:00 am ET
Maritime Resources Provides Update on Newfoundland and Labrador Gold Projects
Toronto, Ontario--(Newsfile Corp. - October 11, 2023) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to provide an update on its Hammerdown and Point Rousse Gold Projects. The combined projects cover over 450 km2 and are located within the Baie Verte Mining District, near the towns of King's Point and Ming's Bight. Maritime recently acquired the Point Rousse assets from Signal Gold Inc. ("Signal"), including the Pine Cove processing plant, an in-pit tailings facility, access to a deep water port and over 54 km2 of highly prospective land.
Aug 24, 2023 05:00 pm ET
Maritime Announces Closing of the Final Tranche of Its Non-Brokered Private Placement of Units
Toronto, Ontario--(Newsfile Corp. - August 24, 2023) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce the closing of the final tranche of its previously announced non-brokered private placement (the "Offering") of 4,000,000 units ("Units") at a price of $0.04 per Unit for aggregate gross proceeds of $160,000. Each Unit is comprised of one common share (each, a "Share") and one common share purchase warrant (each, a "Warrant"), with each Warrant entitling the holder to acquire one Share (each, a "Warrant Share") at a price of $0.07 per Warrant Share (the "Exercise Price") until August 14, 2026 (the "Warrant Expiry Date"). The Warrants are governed by the terms of a warrant indenture entered into between the Company and Computershare Trust Company of Canada, as warrant agent, dated as of August 14, 2023. Completion of the Offering is subject to the final approval of the TSX Venture Exchange (the "Exchange").
Aug 21, 2023 05:13 pm ET
Dundee Corporation Announces Acquisition of Senior Secured Notes and Units of Maritime Resources Corp.
In accordance with regulatory requirements, Dundee Corporation (TSX: DC.A) (“Dundee”) announces that its wholly owned subsidiary, Dundee Resources Limited, has acquired US$1,000,000 principal amount non-convertible senior secured notes of Maritime...
Aug 21, 2023 08:59 am ET
Maritime Announces the Closing of the Acquisition of Point Rousse Mining from Signal Gold, US$5.0M Brokered Private Placement of Notes and Warrants and C$1.735M Non-Brokered Private Placement of Units
Toronto, Ontario--(Newsfile Corp. - August 21, 2023) -  Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce the closing of its previously announced acquisition (the "Acquisition") of all of the outstanding shares of Point Rousse Mining Inc. ("Point Rousse") from Signal Gold Inc. ("Signal" or the "Vendor") and the closing of its two previously announced financings, including a US$5.0M principal amount brokered note and common share purchase warrant offering (the "Note Offering") and C$1.735M of the first tranche under its up to C$3.0 million non-brokered private placement (the "Unit Offering", together with the Note Offering, the "Offerings") of units of the Company. The Note Offering included the previously announced investment by New Found Gold to acquire US$2.0 million principal amount of notes and warrants. Completion of the Offerings is subject to the final approval of the TSX Venture Exchange (the "Exchange").
Aug 14, 2023 07:10 am ET
Maritime Announces New Found Gold as Lead Investor in Previously Announced Note Offering and Memorandum of Understanding for Toll Processing at Pine Cove
Toronto, Ontario--(Newsfile Corp. - August 14, 2023) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce New Found Gold Corp. (TSXV: NFG) (NYSE American: NFGC) ("New Found") as the lead investor in its previously announced brokered private placement (the "Note Offering") of non-convertible senior secured notes (the "Notes") and common share purchase warrants (the "Note Warrants"). As announced by New Found, it intends to acquire US$2,000,000 principal amount of Notes and 15,324,571 Note Warrants.
Jul 27, 2023 11:27 pm ET
Maritime Announces Non-Brokered Private Placement of Units, and Provides Update on Point Rousse Acquisition and Previously Announced Brokered Note Offering
Toronto, Ontario--(Newsfile Corp. - July 27, 2023) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce a non-brokered private placement (the "Unit Offering") of up to 75,000,000 units (the "Units") at a price of $0.04 per Unit for aggregate gross proceeds of up to $3,000,000. Each Unit is comprised of one common share of the Company (each, a "Common Share") and one common share purchase warrant (each, a "Unit Warrant"). Each Unit Warrant will entitle the holder thereof to acquire one common share (each, a "Warrant Share") at a price of $0.07 (the "Exercise Price") per Warrant Share for 36 months.
Jun 19, 2023 07:00 am ET
Maritime Announces Purchase Agreement to Acquire Point Rousse Project from Signal Gold and Related Offering of up to US$5 Million of Convertible Senior Secured Notes
Toronto, Ontario--(Newsfile Corp. - June 19, 2023) -  Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that it has entered into a share purchase agreement with Signal Gold Inc. ("Signal" or the "Vendor") dated June 16, 2023 pursuant to which the Vendor will sell, assign and transfer to the Company and the Company will purchase all of the shares of Point Rousse Mining Inc. (the "Transaction"), which owns all of the property, assets, mineral rights, royalties and liabilities underlying the Point Rousse Project located in the Province of Newfoundland and Labrador (the "Project"), for aggregate consideration of C$4 million plus the assumption of certain liabilities associated with the Project, comprised of: (i) C$3 million in cash (the "Cash Purchase Price"); and (ii) 23,970,218 common shares (the "Consideration Shares") in the capital of the Company issued at a deemed price of approximately C$0.04172 per Consideration Share, plus the applicable assumed liabilities. The Consideration Shares will be subject to a statutory four-month and one day hold period from the date of issuance. In order to provide certainty for the completion of the Transaction, the Company obtained two separate commitment letters to provide the Company with the Cash Purchase Price.
May 09, 2023 07:00 am ET
Maritime Highlights Fraser Institute Ranking of Newfoundland and Labrador as a Top Tier Mining Jurisdiction
Toronto, Ontario--(Newsfile Corp. - May 9, 2023) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that the province of Newfoundland and Labrador has been ranked #4 globally for mining attractiveness by the Fraser Institute. The 2022 Annual Survey of Mining Companies ranks 62 jurisdictions around the world for their geologic mineral potential, policy factors and quality of infrastructure. https://www.fraserinstitute.org/sites/default/files/annual-survey-of-mining-companies-2022.pdf.
Apr 11, 2023 07:00 am ET
Maritime Identifies New High-Grade Gold in Outcrop on Whisker Valley Property and Consolidates Land Holdings over Gold Trend
Toronto, Ontario--(Newsfile Corp. - April 11, 2023) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to provide an update on exploration activity on the Whisker Valley and El Strato gold properties in the Baie Verte mining district of Newfoundland and Labrador. Maritime announces the discovery of a new high-grade gold prospect at the Whisker Valley project and has acquired an option on an additional mineral license, the 125 hectare, five-claim El Strato Property to consolidate a well-defined gold trend spanning 7 kilometres ("kms"). The El Strato gold mineralization is located proximal to the regionally significant Baie Verte Brompton Line (BVBL) and is a structurally controlled orogenic style that is comparable to the prolific gold rich Abitibi Archean greenstone belt of Central-Southern Quebec.
Mar 01, 2023 07:00 am ET
Maritime Resources Provides Hammerdown Project Update and Announces Stock Option Grant
Toronto, Ontario--(Newsfile Corp. - March 1, 2023) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to provide an update on the Company's activities at the 100% owned Hammerdown Gold Project ("Hammerdown" or the "Project") in the Baie Verte mining district of Newfoundland and Labrador, Canada near the Towns of King's Point and Springdale.
Feb 06, 2023 07:00 am ET
Maritime Resources Provides Exploration Update
Toronto, Ontario--(Newsfile Corp. - February 6, 2023) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to provide an update on exploration activities near the Company's 100% owned Hammerdown Gold Project ("Hammerdown" or the "Project") in the Baie Verte mining district of Newfoundland and Labrador, Canada near the Towns of King's Point and Springdale. Maritime is currently conducting a 5,000-metre diamond drill program near Hammerdown, focusing on near-mine exploration targets along the 3-kilometre trend between the Orion project and the Golden Anchor zone.
Dec 07, 2022 09:03 am ET
Maritime Drills 4.72 gpt Au over 8.15 Metres, Including 10.4 gpt Au over 3.67 Metres at Orion
Toronto, Ontario--(Newsfile Corp. - December 7, 2022) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to provide an update on exploration activities near the Company's 100% owned Hammerdown Gold Project ("Hammerdown" or the "Project") in the Baie Verte mining district of Newfoundland and Labrador, Canada near the Towns of King's Point and Springdale. Maritime is currently conducting a 5,000-metre diamond drill program near Hammerdown, focusing on near-mine exploration targets along the 3-kilometre trend between the Orion project and the Golden Anchor zone
Dec 02, 2022 05:13 pm ET
Maritime Resources Provides Update on Annual General Meeting of Shareholders
Toronto, Ontario--(Newsfile Corp. - December 2, 2022) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") announces its Annual General Meeting ("AGM") on Thursday, December 8, 2022 will be held at 10:00 am EST at Maritime's Toronto office at 19th Floor, 110 Yonge Street, Toronto, Ontario.
Nov 01, 2022 07:00 am ET
Maritime Commences Step Out Exploration Drill Program at Hammerdown
Toronto, Ontario--(Newsfile Corp. - November 1, 2022) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce it has commenced a diamond drill exploration program at its 100% owned Hammerdown Gold Project ("Hammerdown" or the "Project") in the Baie Verte mining district of Newfoundland and Labrador, Canada near the Towns of King's Point and Springdale. The 5,000 metre ("m") drill program is aimed at a series of shallow gold targets along a three-kilometre ("km") stretch of the Hammerdown trend between the Orion and Golden Anchor gold zones.
Oct 07, 2022 03:12 pm ET
Maritime Files Technical Report
Toronto, Ontario--(Newsfile Corp. - October 7, 2022) - Maritime Resources (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that it has filed on SEDAR the independent feasibility study technical report dated October 6, 2022, with an effective date of August 15, 2022 ("Technical Report"), prepared by JDS Energy & Mining Inc., for its Hammerdown Gold Project, located in the Baie Verte mining district of Newfoundland and Labrador, Canada near the towns of King's Point and Springdale. The Technical Report has been filed in accordance with the requirements of National Instrument 43-101 - Standards of Disclosure for Mineral Projects. The results of the Technical Report were previously announced in the Company's press release dated August 23, 2022. A copy of the Technical Report is located on the Company's website (www.maritimeresourcescorp.com) and under the Company's profile on SEDAR.
Sep 22, 2022 08:02 pm ET
Maritime Announces Completion of $3,700,000 Non-Brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - September 22, 2022) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce the closing of a non-brokered private placement (the "Offering") of 74,000,000 common shares (the "Common Shares") at a price of $0.05 per Common Share for aggregate gross proceeds of $3,700,000.
Aug 23, 2022 06:35 pm ET
Maritime Resources Reports Positive Feasibility Study for Hammerdown Gold Project with 48.1% IRR
Toronto, Ontario--(Newsfile Corp. - August 23, 2022) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce feasibility study (the "Feasibility Study") results for the 100% owned Hammerdown Gold Project ("Hammerdown" or the "Project") in the Baie Verte mining district of Newfoundland and Labrador, Canada. The Feasibility Study supports a technically straightforward, brownfields open pit mine and gold processing operation benefiting from low capital investment and rapid payback. The attractive financial return profile enables the Company to pursue mine life extensions, and follow-up on exciting exploration opportunities within Maritime's 400 km2 land package in the Baie Verte mining district. Unless otherwise indicated, all dollar amounts are expressed in Canadian dollars.
Jun 22, 2022 07:00 am ET
Maritime Resources Discovers New Gold Zone 300 Metres South of Hammerdown Deposit
Toronto, Ontario--(Newsfile Corp. - June 22, 2022) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce drill results from its recently completed 6-hole 1,367 metre (m) drilling program at the Hammerdown Gold Project ("Hammerdown" or the "Project"). The focused drill program tested a coincident gold and geophysical trend which extended from the Orion North Zone towards the northeast along a prominent magnetic low trend. Broad spaced drilling identified a 30.2m-wide zone of near surface gold mineralization closely resembling the gold mineralization seen in the Main Zone at the Orion deposit and the new Wisteria Zone at the Hammerdown deposit.
Jun 02, 2022 07:00 am ET
Maritime Resources Provides Update on Hammerdown Gold Project
Toronto, Ontario--(Newsfile Corp. - June 2, 2022) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to provide an update on its 100% owned Hammerdown Gold Project ("Hammerdown" or the "Project") located in the Baie Verte mining district of Newfoundland and Labrador near the towns of King's Point and Springdale. Maritime is advancing the project through a feasibility study, expected to be completed mid-year and final permitting towards a construction decision in 2022. Highlights are as follows:
May 11, 2022 07:00 am ET
Maritime Resources Announces Mineral Resource Estimate for the Lac Pelletier Gold Project
Toronto, Ontario--(Newsfile Corp. - May 11, 2022) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to report the completion of a mineral resources estimate¹ (the "2022 MRE"), on its 100%-owned, Lac Pelletier Gold Project ("Lac Pelletier") located in Rouyn Noranda, Quebec, Canada. The 2022 MRE was completed in accordance with National Instrument 43-101 ("NI 43-101") standards of disclosure. Maritime acquired Lac Pelletier in 2021 from Rambler Metals and Mining PLC, along with the Nugget Pond gold circuit in Newfoundland and Labrador and a number of additional gold assets and royalty interests.
Mar 16, 2022 09:45 am ET
UPDATED: Maritime Resources Intersects 150.38 gpt Gold over 0.2 Metres
2021 Exploration Results at Green Bay Project and Corporate Update
Mar 16, 2022 08:00 am ET
Maritime Resources Intersects 150.38 GPT Gold over 0.2 Metres
2021 Exploration Results at Green Bay Project and Corporate Update
Feb 17, 2022 09:00 am ET
BTV Travels from BC to the Maritime Region with Evergold, Exploits Discovery, Maritime Resources & Puma Exploration
Vancouver, British Columbia--(Newsfile Corp. - February 17, 2022) - On national TV Sat. Feb 19 & Sun. Feb 20, 2022 - BTV-Business Television drops in on emerging companies in the markets.
Feb 10, 2022 12:00 pm ET
Maritime Resources Initiates 2022 Exploration Drilling Program
Toronto, Ontario--(Newsfile Corp. - February 10, 2022) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce the commencement of the 2022 exploration program at the Hammerdown Gold Project ("Hammerdown" or the "Project"), located in the Baie Verte Mining District of Newfoundland and Labrador, Canada near the towns of King's Point and Springdale.
Jan 21, 2022 06:31 pm ET
Maritime Resources Closes Previously Announced Sale of Royalty Portfolio
Toronto, Ontario--(Newsfile Corp. - January 21, 2022) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce the closing of its previously announced asset sale transaction with Nomad Royalty Company Ltd. ("Nomad"). Maritime sold a portion of its royalty portfolio in a number of Canadian exploration projects in Quebec, British Columbia and Ontario to Nomad for US$700,000, which was satisfied through the issuance of 96,818 Nomad common shares. As part of the asset sale process, a right of first refusal associated with one of the royalties being sold was exercised and the applicable royalty was sold for approximately $375,000, being the Canadian dollar equivalent of US$300,000.
Dec 21, 2021 07:30 pm ET
Maritime Resources Announces Entering into of Option Agreement to Acquire New Mineral Property Interests
Toronto, Ontario--(Newsfile Corp. - December 21, 2021) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that it has entered into an option agreement (the "Option Agreement") to acquire an undivided 100% interest in certain mineral property interests located in the Baie Verte Mining District (the "Property") in the Province of Newfoundland and Labrador. The aggregate consideration for the Property is comprised of up to $50,000 and up to 250,000 common shares ("Consideration Shares") in the capital of the Company to be issued to the optionor under Option Agreement over the next three years. Pursuant to the terms of the Option Agreement, the Company has also agreed to incur up to $100,000 of expenditures relating to the Property. The closing of the transactions contemplated by the Option Agreement, including the issuance of the Consideration Shares, is subject to the approval of the TSX Venture Exchange (the "Exchange"). The Consideration Shares are subject to a standard four month and one day hold period.
Dec 07, 2021 07:00 am ET
Maritime Resources Announces Sale of Royalty Portfolio to Nomad Royalty Company
Toronto, Ontario--(Newsfile Corp. - December 7, 2021) -  Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce the signing of an asset sale agreement with Nomad Royalty Company Ltd. ("Nomad"). The sale agreement relates to Maritime's royalty portfolio covering a number of Canadian exploration projects in Quebec, British Columbia and Ontario.
Dec 02, 2021 07:00 am ET
Maritime Resources Provides Update for the Hammerdown Gold Project
Toronto, Ontario--(Newsfile Corp. - December 2, 2021) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to provide an update on its Hammerdown Gold Project ("Hammerdown" or the "Project"), located in the Baie Verte Mining District of Newfoundland and Labrador, Canada near the towns of King's Point and Springdale. Hammerdown was formerly operated by Richmont Mines and produced 143,000 ounces gold with a run of mine grade of 15.7 grams per tonne.
Oct 19, 2021 06:00 am ET
Maritime Resources Intersects 20.1 gpt Gold over 3.0 Metres at Orion, Including 159.5 gpt Gold over 0.31 Metres
Toronto, Ontario--(Newsfile Corp. - October 19, 2021) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce drill results and an update from its ongoing 40,000 metre ("m") exploration program. The results reported are from drilling at the Hammerdown Gold Project ("Hammerdown" or the "Project") in the Baie Verte Mining District of Newfoundland and Labrador, Canada which includes the Hammerdown and Orion gold deposits. Exploration activities are ongoing with two diamond drill rigs now focusing on new regional targets near Hammerdown and west of the Green Bay fault at the Whisker Valley and Gull Ridge projects ("Figure 1").
Jul 30, 2021 01:30 pm ET
Maritime Resources Reports Voting Results of Annual General Meeting and Stock Option Grant
Toronto, Ontario--(Newsfile Corp. - July 30, 2021) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce the voting results of its Annual General Meeting (the "Meeting") held on July 29, 2021. Maritime shareholders voted by in excess of 99.2% for the election of Messrs. John Hayes, Garett Macdonald, Mark Ashcroft, Nick Nikolakakis and Tom Yip as the directors of Company. The shareholders also approved the Stock Option Plan by a vote of 99.5% and unanimously approved of the appointment of Davidson & Company LLP, Chartered Accountants to serve as the Auditors of the Company for the coming year. Shareholders holding an aggregate of 48.42% of the shares outstanding voted in person or by proxy at the Meeting.
Jul 26, 2021 06:00 am ET
Maritime Resources Intersects 39.98 gpt Gold over 2.05 Metres at Hammerdown, Including 140.16 gpt Au over 0.20 Metres
Toronto, Ontario--(Newsfile Corp. - July 26, 2021) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce drill results from its ongoing 40,000 metre ("m") exploration program. The results reported are from drilling at the Hammerdown Gold Project ("Hammerdown" or the "Project") in the Baie Verte Mining District of Newfoundland and Labrador, Canada. Exploration activities are ongoing with two diamond drill rigs completing remaining infill and exploring along the highly prospective Hammerdown Deformation Zone. Drilling is set to begin on several new regional targets along the Spucy Pond Gold Trend (located 5 km east of the Hammerdown deposit), Gull Ridge and Whisker Valley throughout 2021 and into 2022.
Jul 15, 2021 08:00 am ET
Maritime Resources Provides Update on Annual General Meeting of Shareholders
Toronto, Ontario--(Newsfile Corp. - July 15, 2021) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") announces its Annual General Meeting ("AGM") on Thursday, July 29, 2021 will now be held at 3:00 pm EDT at Maritime's Toronto office at 19th Floor, 110 Yonge Street, Toronto, Ontario.
Jun 24, 2021 06:00 pm ET
Maritime Resources Announces Stock Option Grant
Toronto, Ontario--(Newsfile Corp. - June 24, 2021) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") announces that it has granted incentive stock options to certain officers, directors, employees and/or consultants of the Corporation to purchase up to 5,300,000 common shares in the capital of the Company until June 24, 2026, at an exercise price of $0.18 per share. The incentive stock options were granted in accordance with the Company's Stock Option Plan.
Jun 23, 2021 07:00 am ET
Maritime Resources Reports Positive Sorting Results on Hammerdown Bulk Sample
Toronto, Ontario--(Newsfile Corp. - June 23, 2021) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce positive results of the recent further test work aimed at confirming the use of sorting technology to reject waste rock dilution and improve the processed grade of mineral resources at the Hammerdown Gold Project ("Hammerdown" or "the Project"), in the Baie Verte mining district of Newfoundland and Labrador, Canada. The integration of sorting technology in the planned feasibility study for Hammerdown is expected to reduce the Company's environmental footprint and operating cost.
Jun 22, 2021 09:00 am ET
Maritime Resources Traces Orion North Zone Over 550 Metres - Intersects 12.43 gpt Gold and 2.15 gpt Silver Over 1.20 Metres, Including 50.60 gpt Gold and 7.90 gpt Silver Over 0.20 Metres
Toronto, Ontario--(Newsfile Corp. - June 22, 2021) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce drill results from its ongoing 40,000 metre ("m") exploration program at the Hammerdown Gold Project ("Hammerdown" or the "Project"), and its Whisker Valley Property, in the Baie Verte Mining District of Newfoundland and Labrador, Canada. Exploration activities are underway with two drills exploring along the highly prospective Hammerdown Deformation Zone and will work outwards to new high priority targets throughout 2021 and into 2022.
Jun 02, 2021 06:00 am ET
May 10, 2021 04:30 pm ET
Maritime Resources Announces Hammerdown Gold Project Release from Environmental Assessment
Toronto, Ontario--(Newsfile Corp. - May 10, 2021) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that the Newfoundland and Labrador Environmental Assessment Division has released the Hammerdown Gold Project ("Hammerdown" or the "Project") from Environmental Assessment. Hammerdown is located in the Baie Verte mining district near the towns of King's Point and Springdale.
Apr 13, 2021 03:05 pm ET
Maritime Resources Announces Proceeds of $1.94 Million from Exercise of Warrants
Toronto, Ontario--(Newsfile Corp. - April 13, 2021) -  Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce the exercise of 12,959,357 common share purchase warrants for gross proceeds of $1.94 million. Each common share purchase warrant was exercisable for one whole common share of the Company, for a period of two years at an exercise price of $0.15. The warrants were issued in connection with a non-brokered private placement announced on March 14, 2019. Maritime currently has 7.9 million common share purchase warrants outstanding.
Apr 13, 2021 02:00 am ET
Maritime Resources Announces Closing of Asset Purchase Agreement with Rambler Metals and Mining and Strategic Investment by Tembo Capital
Toronto, Ontario--(Newsfile Corp. - April 13, 2021) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce the closing of the transactions contemplated by the asset purchase agreement with two subsidiaries of Rambler Metals and Mining PLC, namely Rambler Metals and Mining Canada Limited and 1948565 Ontario Inc. (together, "Rambler") previously announced on December 23, 2020 in respect of the purchase by the Company (the "Acquisition") of the gold circuit at the Nugget Pond metallurgical facility in the Baie Verte mining district of Newfoundland and Labrador, the Lac Pelletier gold project in Rouyn Noranda, Québec and several other exploration properties and royalty interests in key mining camps across Canada (collectively, the "Assets"). Sprott Capital Partners LP acted as advisor to Maritime in connection with the Acquisition and will be issued 400,000 Common Shares in consideration for such services.
Mar 22, 2021 08:44 am ET
Maritime Resources Announces Closing of $6.9 Million Brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - March 22, 2021) -  Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that it has completed its previously announced brokered private placement (the "Offering") of 38,500,000 common shares on a "flow-through" basis (the "FT Shares") at a price of $0.1794 per FT Share for gross proceeds of $6,906,900, including the full exercise of the Agents' over-allotment option.
Feb 17, 2021 04:20 pm ET
Maritime Resources Announces Strategic Investment by Tembo Capital and Concurrent Private Placement of Flow-Through Shares
/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES/
Feb 01, 2021 06:30 am ET
Maritime Resources Drills 1.4 gpt Au over 92.1 Metres at Hammerdown
Toronto, Ontario--(Newsfile Corp. - February 1, 2021) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to provide assay results from the Hammerdown Gold Project ("Hammerdown" or the "Project"), in the Baie Verte Mining District of Newfoundland and Labrador, Canada. These latest drill results were received from the 2020 drill program at the Hammerdown deposit and the nearby Lochinvar VMS target (see Figure 1). Results from an additional 12 drill holes at Hammerdown are still pending.
Jan 19, 2021 06:30 am ET
Maritime Announces 4.8 gpt Gold over 13.6 Metres at Orion, Including 7.0 gpt Gold over 8.1 Metres
Toronto, Ontario--(Newsfile Corp. - January 19, 2021) -  Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to provide assay results from six additional diamond drill holes at the Orion deposit ("Orion"), in the Baie Verte Mining District of Newfoundland and Labrador, Canada. The Orion deposit lies approximately 1.5 km southwest of the Company's Hammerdown project.
Jan 14, 2021 06:30 am ET
Maritime Resources Expands Land Holdings and Provides Outlook for 2021
Toronto, Ontario--(Newsfile Corp. - January 14, 2021) -  Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to update shareholders by outlining plans for 2021 at its Whisker Valley and Hammerdown Gold Projects, located in the Baie Verte Mining District of Newfoundland and Labrador, Canada. The Company also advises that it has added 2,300 hectares of mineral claims located between the Hammerdown and Whisker Valley Projects along the Green Bay fault.
Jan 07, 2021 06:30 am ET
Maritime Resources Announces Orion North Discovery and Completes VTEM Survey
Toronto, Ontario--(Newsfile Corp. - January 7, 2021) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce a new gold discovery at the Hammerdown Gold Project ("Hammerdown"), located in the Baie Verte Mining District of Newfoundland and Labrador, Canada. This new discovery occurs along the favorable Hammerdown Deformation Zone between the current Hammerdown and Orion deposits and is open in all directions.
Dec 23, 2020 07:00 am ET
Maritime Resources Signs Letter of Intent to Purchase the Nugget Pond Gold Plant
Toronto, Ontario--(Newsfile Corp. - December 23, 2020) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce it has signed a further letter of intent with Rambler Metals & Mining Canada Limited, a wholly-owned subsidiary of Rambler Metals and Mining PLC (AIM:RMM) ("Rambler"), to purchase the existing gold circuit at the Nugget Pond metallurgical facility and a number of Canadian exploration properties and royalties. The proposed transaction is expected to close during the first quarter of 2021.
Nov 05, 2020 02:15 pm ET
Maritime Resources Intersects 5.1 Gpt Gold over 5.8 Metres at Whisker Valley, Including 21.1 Gpt Gold over 0.5 Metres and 9.2 Gpt Gold over 2.1 Metres
Toronto, Ontario--(Newsfile Corp. - November 5, 2020) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company) is pleased to announce additional assay results from its ongoing exploration program at the Whisker Valley Project ("Whisker Valley" or the "Project") located near the towns of King's Point and Springdale, Newfoundland and Labrador. Whisker Valley is located approximately 6 kilometres northwest of the Company's Hammerdown Gold Project (Figure 1.). Maritime is completing an initial 5,000 metre ("m") diamond drilling program to test the potential strike and depth extension of the high-grade Gary vein system and to test similar highly prospective gold bearing zones on the property. A total of 1,600 m of drilling has been completed to date.
Nov 03, 2020 07:00 am ET
Maritime Resources Intersects 26.2 gpt Gold over 4.0 Metres Including 96.4 gpt Gold over 1.1 Metres at Orion
Toronto, Ontario--(Newsfile Corp. - November 3, 2020) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce additional assay results from its ongoing exploration program at the Hammerdown Gold Project ("Hammerdown" or the "Project") located near the towns of King's Point and Springdale, Newfoundland and Labrador. Two diamond drill rigs are currently active at the Project completing infill and step out exploration on key targets at all deposits including Hammerdown, Orion and the Lochinvar VMS zone.
Oct 20, 2020 05:18 pm ET
Maritime Reports Voting Results of Annual General Meeting
Toronto, Ontario--(Newsfile Corp. - October 20, 2020) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce the voting results of its Annual General Meeting (the "Meeting") held on October 20, 2020. Maritime shareholders voted by in excess of 96.8% for the re-election of Messrs. John Hayes, Garett Macdonald, Mark Ashcroft and Peter Mercer as the directors of Company. The shareholders also approved the Stock Option Plan by a vote of 98.7% and unanimously approved of the appointment of Davidson & Company LLP. to serve as the Auditors of the Company for the coming year. Shareholders holding an aggregate of 17.8% of the shares outstanding voted in person or by proxy at the Meeting.
Oct 14, 2020 07:23 pm ET
Maritime Resources Provides Update on Annual General Meeting of Shareholders
Toronto, Ontario--(Newsfile Corp. - October 14, 2020) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") announces its Annual General Meeting ("AGM") on Tuesday, October 20, 2020 will now be held at 10:00 am EDT at Maritime's Toronto office at 19th Floor, 110 Yonge Street, Toronto, Ontario.
Sep 24, 2020 06:50 am ET
Maritime Resources Intersects 2.90 Grams per Tonne Gold over 31.0 Metres at Hammerdown in New Wisteria Zone
Toronto, Ontario--(Newsfile Corp. - September 24, 2020) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce additional assay results from its ongoing exploration program at the Hammerdown Gold Project ("Hammerdown" or the "Project") located near the towns of King's Point and Springdale, Newfoundland and Labrador. Two diamond drill rigs are currently active at the Project completing infill and step out exploration on key targets at all deposits including Hammerdown, Orion and the historic Lochinvar VMS deposit.
Sep 17, 2020 07:00 am ET
Maritime Exercises Right to Buy Down Commander Royalty at Hammerdown
Vancouver, British Columbia--(Newsfile Corp. - September 17, 2020) - Commander Resources Ltd. (TSXV: CMD) ("Commander") is pleased to report that Maritime Resources Corp. (TSXV: MAE) ("Maritime") has agreed to an early exercise of their buy-down right of half of the Hammerdown gold project royalty ("Royalty") held by Commander for a discounted sum of $750,000. The original agreement allowed Maritime to exercise this buydown provision at start-up of mining for $1,000,000. The Hammerdown project is being developed by Maritime is in the Baie Verte mining district of Newfoundland and Labrador near the towns of King's Point and Springdale. Commander will continue to retain a 1% Net Smelter Return Royalty ("NSR") over the Hammerdown Deposit and surrounding lands but excluding the satellite Orion Deposit (Figure 1). Allowed deductions include transportation costs and toll milling charges.
Sep 17, 2020 06:50 am ET
Maritime Resources Exercises Early Buy-Down of Hammerdown Royalty
Toronto, Ontario--(Newsfile Corp. - September 17, 2020) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce it has agreed to an early exercise of the buy-down right of half of the Hammerdown deposit ("Hammerdown" or the "Project") royalty held by Commander Resources Ltd. ("Commander") for a reduced sum of $750,000. The original agreement had allowed Maritime to exercise this buy-down provision until commencement of commercial production for $1,000,000. Hammerdown is located near the towns of Springdale and King's Point, Newfoundland and Labrador ("NL"). Commander continues to retain a 1% Net Smelter Return Royalty ("NSR") over the Hammerdown deposit and surrounding lands which excludes the satellite Orion Deposit (Figure 1). Allowed deductions include transportation costs and toll milling charges.
Sep 11, 2020 06:50 am ET
Maritime Resources Samples 19.1 gpt Gold, 69.6 gpt Silver and 3.0% Copper in New Outcrop at Whisker Valley - Expands Exploration Program
Toronto, Ontario--(Newsfile Corp. - September 11, 2020) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that it has sampled additional high grade gold, silver and copper mineralization in bedrock and float samples within new quartz/sulphide veining at the Whisker Valley Project ("Whisker") in the Baie Verte Mining District of Newfoundland and Labrador. The Whisker Valley property is located approximately six kilometres northwest of the Company's high grade Hammerdown Gold Project (Figure 1). Maritime's 2020 field exploration program at Whisker includes additional prospecting, trenching and an initial 5,000 metre diamond drilling program commencing mid-September to test the potential extension of the high-grade Gary vein system and test similar gold bearing zones on the property.
Sep 10, 2020 05:50 pm ET
Maritime Resources Announces Appointment of Perry Blanchard as Vice President, Environment and Sustainability and Grant of Stock Options
Toronto, Ontario--(Newsfile Corp. - September 10, 2020) -  Maritime Resources (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce the appointment of Perry Blanchard as Vice President, Environment and Sustainability.
Aug 31, 2020 08:00 am ET
Maritime Resources Reports Additional Results from Its Hammerdown Drill Program, Intersects 18.81 Gpt Gold over 1.80 Metres
18.81 gpt Gold and 15.66 gpt Silver Over 1.80 Metres, Including 167.77 gpt Gold and 140.70 gpt Silver Over 0.20 Metres at Hammerdown
Aug 21, 2020 09:06 am ET
Maritime Resources Announces Closing of $8.7 Million Bought Deal Private Placement
Toronto, Ontario--(Newsfile Corp. - August 21, 2020) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that it has completed its previously announced "bought deal" private placement (the "Offering") of a combination of 43,367,550 common shares of the Company ("Common Shares") at a price of $0.15 per Common Share, and 11,000,000 common shares issued on a flow-through basis (the "FT Shares" and, together with the Common Shares, the "Offered Securities") at a price of $0.20 per FT Share for aggregate gross proceeds of $8,705,132.50.
Jul 31, 2020 08:19 pm ET
Maritime Resources Upsizes Bought Deal Private Placement to $8.7 Million
Toronto, Ontario--(Newsfile Corp. - July 31, 2020) -  Maritime Resources (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that it has entered into an amending agreement with Sprott Capital Partners LP ("Sprott"), on its own behalf and on behalf of a syndicate of underwriters (together with Sprott referred to collectively as the "Underwriters"), to increase the size of its previously announced "bought deal" private placement from $6,000,000 to $8,705,132.50 (the "Upsized Offering"). Under the terms of the Upsized Offering, the Company has agreed to issue, on a bought deal private placement basis, $8,705,132.50 of securities of the Company, consisting of 43,367,550 common shares in the capital of the Company ("Common Shares") at a price of $0.15 per Common Share (the "Issue Price") for gross proceeds of $6,505,132.50, and (ii) 11,000,000 Shares issued on a flow-through basis under the Income Tax Act (Canada) for gross proceeds of $2,200,000. The Upsized Offering does not include an over-allotment option. The Company expects the Upsized Offering to be completed on or about August 20, 2020 or such other date as may be agreed to by the Company and Sprott.
Jul 30, 2020 08:00 am ET
Maritime Resources Announces $6,000,000 Bought Deal Private Placement
Toronto, Ontario--(Newsfile Corp. - July 30, 2020) - Maritime Resources (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that it has entered into an agreement with Sprott Capital Partners LP ("Sprott") on its own behalf and on behalf of a syndicate of underwriters (together with Sprott referred to collectively as the "Underwriters") to issue, on a "bought deal" private placement basis, $6,000,000 of securities of the Company (the "Offering"), consisting of 26,666,667 common shares of in the capital of the Company ("Common Shares") at a price of $0.15 (the "Common Share Issue Price") per Common Share for gross proceeds of $4,000,000, and (ii) 10,000,000 charity flow-through Common Shares (the "Charity FT Shares") at a price of $0.20 ("Charity FT Issue Price") per Charity FT Share for gross proceeds of $2,000,000 (collectively, the "Offered Securities"). The Company expects the Offering to be completed on or about August 20, 2020 or such other date as may be agreed to by the Company and Sprott (the "Closing Date").
Jul 27, 2020 07:00 am ET
Maritime Resources Reports Additional Results from Its Hammerdown Drill Program, Intersects 29.58 gpt Gold over 2.16 Metres
29.58 gpt Gold and 12.71 gpt Silver Over 2.16 Metres, Including 54.49 gpt Gold and 23.01 gpt Silver Over 1.16 Metres at Hammerdown
Jul 23, 2020 06:00 am ET
BTV Celebrates 350th Episode Features Rising Stars in the Market
Vancouver, British Columbia--(Newsfile Corp. - July 23, 2020) - After 22 years on the air, BTV-Business Television is proud to be the longest running business program in Canada and thrilled to celebrate its 350th episode.
Jul 15, 2020 07:00 am ET
Maritime Resources Reports Initial Results from Its Hammerdown Drill Program, Intersects 8.01 gpt Gold over 8.88 Metres
8.01 gpt gold and 4.82 gpt silver over 8.88 metres, including 75.12 gpt gold and 41.60 gpt silver over 0.76 metres at Hammerdown
Jun 19, 2020 05:00 pm ET
Maritime Resources Announces Stock Option Grant
Toronto, Ontario--(Newsfile Corp. - June 19, 2020) -  Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") announces that it has granted incentive stock options to a newly engaged consultant to the Corporation to purchase up to 350,000 common shares in the capital of the Company until June 16, 2025, at an exercise price of $0.095 per share. The incentive stock options were granted in accordance with the Company's Stock Option Plan.
Jun 15, 2020 07:00 am ET
Maritime Resources Expands Its Investor Relations Program, Appoints Tania Barreto Shaw as Head of Investor Relations and Retains Soar Financial Partners
Toronto, Ontario--(Newsfile Corp. - June 15, 2020) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that Tania Barreto Shaw has been appointed as Head of Investor Relations for the Company, and Soar Financial Partners (a brand of NorthStar Communications GmbH) has been retained to enhance investor relations activities. Soar Financial Partners will focus on communicating the Company's plans to the financial community primarily in Europe, including existing and potential investors, journalists and other members of the media in order to both keep them informed on Maritime's activities and also to introduce the Company where applicable.
Jun 08, 2020 07:00 am ET
May 21, 2020 07:00 am ET
Maritime Provides Corporate Update
Toronto, Ontario--(Newsfile Corp. - May 21, 2020) - Maritime Resources (TSXV: MAE) ("Maritime" or the "Company") is pleased to provide a corporate update on its plans for the Hammerdown Gold Project ("Hammerdown" or the "Project") located near King's Point, Newfoundland and Labrador and the appointment of Mr. Eric Tremblay, ing. as a technical advisor to the Company.
May 15, 2020 08:19 pm ET
Maritime Raises Gross Proceeds of $3,500,000 on Closing of Its Previously Announced Non-Brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - May 15, 2020) -  Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that it closed its previously announced non-brokered private placement raising aggregate gross proceeds of $3,500,000 through the issuance of a combination of common shares in the capital of the Company ("Common Shares") at a price of $0.06 per Common Share and flow-through Common Shares (the "FT Shares") at a price of $0.065 per FT Share (the "Offering"). The Company issued a total of 21,626,666 Common Shares and 33,883,076 FT Shares pursuant to the Offering.
Apr 27, 2020 07:00 am ET
Maritime Announces $3.5M Non-Brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - April 27, 2020) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce a non-brokered private placement of up to $3.5 million through the issuance of a combination of common shares in the capital of the Company ("Common Shares") at a price of $0.06 per Common Share and flow-through Common Shares (the "FT Shares") at a price of $0.065 per FT Share (the "Offering").
Apr 16, 2020 04:30 pm ET
Maritime Files Technical Report
Toronto, Ontario--(Newsfile Corp. - April 16, 2020) -  Maritime Resources (TSXV: MAE) ("Maritime" or the "Company") or the "Company") is pleased to announce that it has filed on SEDAR the independent NI 43-101 Preliminary Economic Assessment ("PEA") Technical Report for the Hammerdown Gold Project, located in the Baie Verte mining district of Newfoundland and Labrador near the towns of King's Point and Springdale. The results of the PEA were previously announced in the Company's news release dated February 29th, 2020. A copy of the PEA is also located on the Company's website (www.maritimeresourcescorp.com).
Mar 12, 2020 03:00 am ET
Maritime Signs Letter of Intent on Nugget Pond Gold Plant
Toronto, Ontario--(Newsfile Corp. - March 12, 2020) -  Maritime Resources Corp. (TSXV: MAE) ("Maritime") is pleased to announce that it has entered into a non-binding letter of intent (LOI) with Rambler Metals and Mining Canada Ltd., a wholly-owned subsidiary of Rambler Metals and Mining Limited, (AIM: RMM) ("Rambler"). The non-binding LOI includes an exclusivity period of twelve months for Maritime to evaluate Rambler's Nugget Pond Gold Plant for the purpose of processing feed from the Hammerdown gold project and to complete a feasibility study with the option to negotiate a purchase agreement during that time. The Gold Plant is a small section of the total Nugget Pond concentrator plant and is not used to process ore by Rambler. Maritime will have a right of first refusal to match any competing offers for the plant during this time. In consideration Maritime will advance a deposit of $200,000 to Rambler.
Mar 09, 2020 06:30 am ET
Maritime Continues to Sample High Grade Mineralization at Whisker Valley and Reports Initial Results from Golden Anchor Target
Toronto, Ontario--(Newsfile Corp. - March 9, 2020) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to provide an update of its exploration activities at its Whisker Valley Project (Whisker) in the Baie Verte mining district of Newfoundland and Labrador. The Whisker Valley property is located 10 kilometers (km) northwest of the Company's high-grade Hammerdown gold project. Maritime's field programs continue to uncover high grade gold, silver and copper mineralization throughout the property. Maritime also reports results from two drill holes completed on the Golden Anchor area near the Hammerdown gold deposit.
Feb 29, 2020 12:00 pm ET
Maritime Delivers Robust Economics for Updated Hammerdown Project Resource: After-Tax NPV5% of $111.3M, IRR 50.5% and 1.5 Year Payback
Toronto, Ontario--(Newsfile Corp. - February 29, 2020) - Maritime Resources (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce results from a Preliminary Economic Assessment ("PEA") completed for the Hammerdown gold project ("Hammerdown", or the "Project"), including the satellite Orion deposit, located in the Baie Verte mining district of Newfoundland and Labrador near the towns of King's Point and Springdale. The PEA was prepared in accordance with Canadian Securities Administrators' National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). The PEA provides an updated resource estimate and a base case assessment of developing the Project as a combined open pit and underground ramp-access mine (the "Combined Project")with an on-site gold pre-concentration plant and mineral processing through the Nugget Pond mill gold circuit. The PEA replaces the April 2017 Pre-feasibility Technical Report that was filed on SEDAR which is no longer current. A current PEA Technical Report will be filed on SEDAR under the Company's profile within 45 days of the date of this news release. All financial figures are presented in Canadian dollars (C$) unless otherwise noted.
Jan 28, 2020 04:30 pm ET
Maritime Options the Sprucy Pond Property Adjacent to Hammerdown Gold Project
Toronto, Ontario--(Newsfile Corp. - January 28, 2020) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that it has entered into an option agreement to earn a 100% interest in the Sprucy Pond Property which is contiguous to Maritime's Hammerdown project, near King's Point, Newfoundland. Maritime currently holds 97 square kilometers of highly prospective ground in the area around the former Hammerdown gold mine.
Nov 05, 2019 06:30 am ET
Maritime Initiates 3,000 Metre Drill Program at Hammerdown
Toronto, Ontario--(Newsfile Corp. - November 5, 2019) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to provide an update on its exploration activities at its Hammerdown project in Newfoundland and Labrador. Maritime received the final results for its deep looking surface and downhole induced polarization ("IP") surveys at Hammerdown. It identified several new chargeability anomalies in areas of the property that have been largely unexplored. The Company has commenced a 3,000 metre diamond drilling program to test these high-priority targets.
Sep 04, 2019 03:00 pm ET
Maritime Resources to Present at the 2019 Precious Metals Summit
Toronto, Ontario--(Newsfile Corp. - September 4, 2019) -  Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") announced that management will be attending and presenting at the upcoming Precious Metals Summit in Beaver Creek, Colorado, as well as meeting with investors throughout the conference which will be held between September 10-13.
Aug 27, 2019 06:30 am ET
Maritime Discovers New Gold Mineralization at Whisker Valley
Toronto, Ontario--(Newsfile Corp. - August 27, 2019) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce it has discovered a new area of gold mineralization as a result of a regional prospecting program at its 100% owned Whisker Valley Project ("Whisker") in the Baie Verte Mining District of Newfoundland and Labrador. The Whisker Valley property is located 6 kilometers northwest of the Company's high-grade Hammerdown gold project. Maritime has expanded the field mapping and sampling program and had expedited the mobilizing equipment to the property to initiate trenching and diamond drilling.
Aug 01, 2019 06:30 am ET
Maritime Completes Regional Airborne Magnetic Survey and Provides Exploration Update
Toronto, Ontario--(Newsfile Corp. - August 1, 2019) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to provide an update on its exploration activities at its Hammerdown and Whisker Valley gold projects near the town of King's Point in the Baie Verte Mining District, Newfoundland & Labrador.
Jul 11, 2019 12:19 pm ET
Maritime Announces Infill Drill Results at Hammerdown
Toronto, Ontario--(Newsfile Corp. - July 11, 2019) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce the assay results on 18 diamond drill infill holes completed at the Company's high-grade 100%-owned Hammerdown gold project near the town of King's Point in the Baie Verte Mining District, Newfoundland & Labrador.
Jun 19, 2019 01:06 pm ET
Maritime Announces Pre-Feasibility Study Update and Appointment of New Advisors
Toronto, Ontario--(Newsfile Corp. - June 19, 2019) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce an update on the Pre-Feasibility Study ("PFS") for the high grade Hammerdown gold project and the appointment of two new advisors to the Company.
May 22, 2019 07:00 am ET
Maritime Reports Positive Metallurgical Test Results Using Ore Sorting Technology at Hammerdown
Toronto, Ontario--(Newsfile Corp. - May 22, 2019) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to report positive metallurgical test results using ore sorting technology for its 100% owned, high-grade Hammerdown development project where the Company realized 40% rejection and 97% Gold recovery.
Apr 26, 2019 02:38 pm ET
Maritime Announces Closing of Additional $30,000 Tranche Bringing Gross Proceeds of Its Recent Announced Non-Brokered Private Placement to $6,092,500
Toronto, Ontario--(Newsfile Corp. - April 26, 2019) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that it has closed a final $30,000 tranche of its previously announced non-brokered private placement, issuing an additional 300,000 Units and raising aggregate gross proceeds of $6,092,500 through the issuance of a combination of units (the "Units") at a price of $0.10 per Unit and flow-through units (the "FT Units") at a price of $0.12 per FT Unit (the "Offering"). The Company issued a total of 56,896,662 Units and FT Units; 36,755,000 Units and 20,141,662 FT Units.
Apr 24, 2019 07:00 am ET
Maritime Provides Update on Newfoundland Projects
Toronto, Ontario--(Newsfile Corp. - April 24, 2019) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to provide shareholders with an update on its Newfoundland gold projects, including the high grade Hammerdown development project.
Apr 16, 2019 09:40 pm ET
Maritime Raises Gross Proceeds of $6,062,500 on Closing of Its Previously Announced Non-Brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - April 16, 2019) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that it closed its previously announced non-brokered private placement raising aggregate gross proceeds of $6,062,500 through the issuance of a combination of units (the "Units") at a price of $0.10 per Unit and flow-through units (the "FT Units") at a price of $0.12 per FT Unit (the "Offering"). The Company issued a total of 56,596,662 Units and FT Units; 36,455,000 Units and 20,141,662 FT Units.
Apr 09, 2019 08:36 pm ET
Maritime Announces an Increase to Its Previously Announced Non-Brokered Private Placement from up to $5,000,000 to up to $6,250,000
Toronto, Ontario--(Newsfile Corp. - April 9, 2019) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that is has increased the size of its previously announced non - brokered private placement from up to $5 million to up to $6.25 million through the issuance of a combination of units (the "Units") at a price of $0.10 per Unit and flow-through units (the "FT Units") at a price of $0.12 per FT Unit (the "Offering").
Mar 14, 2019 06:13 pm ET
Maritime Announces $5,000,000 Non - Brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - March 14, 2019) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce a non - brokered private placement of up to $5 million through the issuance of a combination of units (the "Units") at a price of $0.10 per Unit and flow-through units (the "FT Units") at a price of $0.12 per FT Unit (the "Offering").
Feb 25, 2019 07:00 am ET
Maritime Announces High Grade Results at Whisker Valley
Toronto, Ontario--(Newsfile Corp. - February 25, 2019) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to provide an update on its recent exploration program at the Whisker Valley gold project, a new exploration target located 10 kilometres north of the Company's high-grade Hammerdown gold project in the Baie Verte Mining District, Newfoundland & Labrador.
Feb 21, 2019 07:00 am ET
Maritime Provides Corporate Update and 2019 Outlook
Toronto, Ontario--(Newsfile Corp. - February 21, 2019) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to provide shareholders with an update on its recent exploration and development activities along with planned work for 2019.
Feb 07, 2019 06:04 pm ET
Maritime Announces Management Changes
Vancouver, British Columbia--(Newsfile Corp. - February 7, 2019) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") announced that the following management changes have occurred:
Feb 01, 2019 06:30 am ET
Maritime Announces Board and Management Changes
Vancouver, British Columbia--(Newsfile Corp. - February 1, 2019) - Maritime Resources Corp. (TSXV: MAE) ("Maritime") announced that effective January 31, 2019 the following board and management changes have occurred to reflect the continued evolution and development of Maritime as it works to further advance the high-grade Hammerdown gold project and its Whisker and Orion exploration projects in Newfoundland:
Dec 06, 2018 08:00 am ET
Maritime Starts Drill Program at Whisker Valley Project
Vancouver, British Columbia--(Newsfile Corp. - December 6, 2018) - Maritime Resources Corp. (TSXV: MAE) ("Maritime") is pleased to announce the start of the Company's initial drill program on the Whisker gold project which is located approximately 10 kilometres from the Hammerdown gold deposit on the Green Bay Property in Newfoundland and Labrador, Canada.
Nov 08, 2018 04:05 pm ET
Maritime Announces the Appointment of 3 New Board Members
Vancouver, British Columbia--(Newsfile Corp. - November 8, 2018) - Maritime Resources Corp. (TSXV: MAE) ("Maritime") On the completion of the recently closed $3.5 million financing with Dundee Resources Ltd. and Sprott Inc., Maritime is pleased to announce the appointment of three new independent board members to further enhance the team. The new appointees include Mr. John Hayes as Director who will also serve as Chair of the Board, Mr. Garett Macdonald and Mr. Mark Ashcroft as directors of the Company. The new directorships take effect immediately and will work with our existing team as the Company advances the high grade Hammerdown gold project and further develops its Whisker and Orion exploration projects. Brief biographies of the directors are highlighted below.
Nov 08, 2018 08:00 am ET
Maritime Announces the Closing of the $3.5 million Private Placement
Vancouver, British Columbia--(Newsfile Corp. - November 8, 2018) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that it has closed its non - brokered private placement previously announced on October 11, 2018. The Company has raised $3,502,959 through the issuance of a combination of 25,460,900 Units (the "Units") at a price of $0.11 per Unit and 5,402,000 Flow-Through units (the "FT Units") at a price of $0.13 per FT Unit (the "Offering").
Oct 11, 2018 05:29 pm ET
Maritime Announces $3,500,000 Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - October 11, 2018) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce a non - brokered private placement of up to $3,500,000 through the issuance of a combination of units (the "Units") at a price of $0.11 per Unit and flow-through units (the "FT Units") at a price of $0.13 per FT Unit (the "Offering").
Oct 03, 2018 08:00 am ET
Maritime Purchase Agreement with Inomin Mines gets shareholder approval to Acquire over 3,225 Hectares of Minerals Claim that extends our Hammerdown, Green Bay Property
Vancouver, British Columbia--(Newsfile Corp. - October 3, 2018) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or "the Company") is pleased to announce that Inomin Mines Inc. (TSXV: MINE) ("Inomin") has received shareholder approval and acceptance from the TSX Venture Exchange to conclude the Option to Purchase Agreement between Maritime and Inomin on the King's Point property.
Sep 26, 2018 08:00 am ET
Maritime Resources Corp.: Geophysics at Whisker Valley Extends Gold Vein Potential to 500 Metre Strike Length
Vancouver, British Columbia--(Newsfile Corp. - September 26, 2018) - Maritime Resources Corp. (TSXV: MAE) ("Maritime") is pleased to announce interpreted results of the Geophysical survey on the company's Whisker Valley gold project located approximately 10 kilometres from our signature Hammerdown gold deposit located on the nearby Green Bay Property in Newfoundland and Labrador, Canada.
Sep 19, 2018 08:00 am ET
Maritime and Rambler Sign Letter of Intent for a Toll Milling Agreement To Process Ore at the Nugget Pond Mill from the Past Producing Hammerdown Mine
Vancouver, British Columbia--(Newsfile Corp. - September 19, 2018) - Maritime Resources Corp. (TSXV: MAE) (the "Company") is pleased to announce that the Company has entered into a nonbinding Letter of Intent with Rambler Metals and Mining Canada Limited, a subsidiary of Rambler Metals and Mining plc (AIM: RMM) (TSXV: RAB) ("Rambler") for a Toll Milling Agreement ("Agreement") to process ore from the past producing Hammerdown gold mine at Rambler's idle Nugget Pond carbon in pulp (CIP) circuit.
Sep 13, 2018 08:00 am ET
Maritime Announces Continued High Grade Gold Results from Drilling at Hammerdown
Vancouver, British Columbia--(Newsfile Corp. - September 13, 2018) - Maritime Resources Corp. (TSXV: MAE) ("Maritime") is pleased to announce the final set of drill results from the 2018 diamond drilling program at the Hammerdown gold deposit on the companies Green Bay Properties. The Company completed 1,733 meters drilling in 31 drill holes immediately south of the historical open pit mining area. The program was designed to follow up on the unmined J, K L and M3 gold rich quartz/sulphide vein system that was outlined from a surface trenching program late 2017 (see News Release MAE 17-12) and to test the mineralization in the top 30 meters below surface.
Jul 12, 2018 07:24 pm ET
Bid to Acquire Maritime Assets Has Been Withdrawn
Vancouver, British Columbia--(Newsfile Corp. - July 12, 2018) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that Anaconda Mining Inc. has formally withdrawn their unsolicited bid to acquire all of the outstanding shares of Maritime Resources Corp. Our team of advisors and management have worked hard to demonstrate to our shareholders that the unsolicited bid launched by Anaconda on April 13, 2018 did not truly reflect the value of Maritime's asset.
Jul 06, 2018 06:30 pm ET
Maritime Addresses Inaccuracies of Unsolicited Offer and Closing of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - July 6, 2018) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") wishes to address the misinformation in Anaconda Mining Inc's ("Anaconda") July 4th, 2018, press release and are pleased to announce the closing of the private placement.
Jun 28, 2018 08:00 am ET
Maritime Receives 52% Shareholder Consent to Approve Private Placement
Vancouver, British Columbia--(Newsfile Corp. - June 28, 2018) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that it has received support from holders of more than 52% of the Company's outstanding shares in the form of written consent to its proposed private placement (as more particularly detailed in the June 22, 2018, release) (the "Offering"). The majority shareholder support is intended to satisfy the TSX Venture Exchange (the "TSX-V") condition that the Company obtain shareholder approval to the Offering. The holders of more than 52% of Maritime's outstanding shares who have provided written consent for the Offering do not include insiders of Maritime who were excluded by the TSX-V. The Company would have had consent from holders of more than 55% of Maritime's shares, if insiders' written consents for the Offering would have been included. Closing of the Offering remains subject to TSX-V acceptance.
Jun 22, 2018 09:02 pm ET
Maritime Convenes Shareholder Meeting to Approve Private Placement
Vancouver, British Columbia--(Newsfile Corp. - June 22, 2018) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") has called a meeting (the "Meeting") of its shareholders (the "Shareholders") at 1500, 1055 West Georgia Street, Vancouver, British Columbia at 10:00 am on July 17, 2018. At the Meeting, the Company will seek approval for its non-brokered private placement of units (the "Units") to raise $1,500,000 at a price of $0.10 per Unit and flow-through units (the "FT Units") at a price of $0.12 per FT Unit (the "Offering") previously announced on April 27, 2018.
Jun 04, 2018 08:00 am ET
Maritime Announces Second Set of Drill Results From J, K, L & M3 Veins at Hammerdown With a high of 29.13 g/t Au over 2.04 meter and Anaconda Data Room Access
Vancouver, British Columbia--(Newsfile Corp. - June 4, 2018) - Maritime Resources Corp. (TSXV: MAE) ("Maritime") is pleased to announce the second set of drill results from the 2018 drill program. The drill program was designed to test the near surface gold potential of the J, K, L & M3 veins outlined from surface trenching program last fall. (see News Release MAE 17-12, November 16th, 2017)
May 16, 2018 09:00 am ET
Maritime Enters into Purchase Agreement with Inomin Mines to Acquire over 3,225 Hectares of Minerals Claim that extends our Hammerdown, Green Bay Property
Vancouver, British Columbia--(Newsfile Corp. - May 16, 2018) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or "the Company") is pleased to announce that it has concluded an Option to Purchase Agreement with Inomin Mines Inc. to earn a 100% interest in the King's Point property. The claims cover geological extensions to the Company's Hammerdown Gold deposit that host a number of high grade gold veins and base metal occurrences.
May 16, 2018 07:15 am ET
Inomin Options King's Point Gold-Copper-Zinc Project to Maritime
Vancouver, British Columbia--(Newsfile Corp. - May 16, 2018) - Inomin Mines Inc. (TSXV: MINE) ("Inomin", "MINE" or the "Company") reports it has optioned its 100% owned King's Point gold-copper-zinc project in Newfoundland ("King's Point or the "Project") to Maritime Resources Corp. (TSXV: MAE) ("Maritime"). King's Point is comprised of two claims blocks adjacent to Maritime's Hammerdown, Green Bay property. The Project covers the geological extensions to Maritime's Hammerdown deposit that host a number of high-grade gold veins and base metals occurrences.
May 01, 2018 01:57 pm ET
Maritime Recommends Rejection of Anaconda Hostile Bid
Vancouver, British Columbia--(Newsfile Corp. - May 1, 2018) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") recommends that shareholders of Maritime ("Shareholders") do not tender to the inadequate, all share bid made by Anaconda Mining Inc. Maritime has filed on SEDAR and commenced the mailing of its Directors' Circular and a letter to Shareholders which provide reasons to not tender. The letter is as follows:
Apr 27, 2018 08:00 am ET
Maritime Announces $1,000,000 Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - April 27, 2018) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") announces a non-brokered private placement of up to $1,000,000 through the issuance of a combination of units (the "Units") at a price of $0.10 per Unit and flow-through units (the "FT Units") at a price of $0.12 per FT Unit (the "Offering").
Apr 19, 2018 08:00 am ET
Maritime Announces First Drill Results From J, K, L & M3 Veins at Hammerdown With a high of 68.26 g/t Au over 1.00 meter
Vancouver, British Columbia--(Newsfile Corp. - April 19, 2018) - Maritime Resources Corp. (TSXV: MAE) ("Maritime") is pleased to announce the first drill results from the 2018 drill program. Phase one is designed to test the near surface gold potential of the J, K, L & M3 veins as outlined from the recently completed surface trenching program. (see News Release MAE 17-12, November 16th, 2017).
Apr 16, 2018 08:00 am ET
Maritime Resources Advises Shareholders to Take No Action Regarding Unsolicited Offer
Vancouver, British Columbia--(Newsfile Corp. - April 16, 2018) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") advises shareholders of Maritime ("Shareholders") that there is no need to take action at this time regarding the unsolicited offer made by Anaconda Mining Inc. ("Anaconda").
Apr 13, 2018 07:00 am ET
Anaconda Formally Commences Takeover Bid For Maritime Resources Corp. At 64% Premium to Create Emerging Canadian Gold Producer With Significant Growth Profile
TORONTO, April 13, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") – (TSX:ANX) is pleased to announce that it has made a formal offer (the "Offer") to acquire all of the issued and outstanding common shares ("Maritime Shares") of Maritime Resources Corp. (TSX-V:MAE) ("Maritime"), together with the associated rights (the "SRP Rights") issued under the shareholder rights plan of Maritime dated March 15, 2018, in exchange for consideration of 0.390 of a common share of Anaconda ("Anaconda Share") for each Maritime Share (the "Offer Consideration"). The Offer includes Maritime Sh
Apr 12, 2018 08:00 am ET
Maritime Announces - Permit Granted for Dewatering and Underground Drill program
Vancouver, British Columbia--(Newsfile Corp. - April 12, 2018) - Maritime Resources Corp. (TSXV: MAE) ("Maritime") is pleased to announce that the Newfoundland Government has approved the Permit to Dewater the Hammerdown underground gold mine and initiate an underground rehabilitation and exploration drill program. The Hammerdown mine is located on Maritime's Green Bay Property in Newfoundland and Labrador, Canada.
Mar 28, 2018 08:00 am ET
Maritime Repays Loan and Is Now Debt Free
Vancouver, British Columbia--(Newsfile Corp. - March 28, 2018) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") announces that it has now paid the outstanding loan payable to Anaconda Mining in full (the "Loan"). The Loan was for $500,000, bore interest of 8% per annum for one year and was originally due April 25, 2018. Code Consulting Limited ("Code"), the original lender assigned the Loan to Anaconda Mining on March 12th 2018. The Loan included provision for early repayment in certain circumstances, including where the Company had raised CAD$2 million or more in equity or debt financing.  With the closing of its private placement announced March 1, 2018, the Company has raised more than CAD$2 million. 
Mar 27, 2018 08:00 am ET
Maritime Starts 3000 metre Drill Program at Hammerdown and Whisker Projects
Vancouver, British Columbia--(Newsfile Corp. - March 27, 2018) - Maritime Resources Corp. (TSXV: MAE) ("Maritime") is pleased to announce the beginning of the 3000 metre 2018 drill program on both our signature Hammerdown deposit as well as the Whisker gold project which is located approximately 10 kilometres from Hammerdown on the Green Bay Property in Newfoundland and Labrador, Canada.
Mar 26, 2018 08:00 am ET
Maritime Closes Private Placement
Vancouver, British Columbia--(Newsfile Corp. - March 26, 2018) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") announces that it has closed its private placement previously announced on December 15, 2017 and March 1, 2018. The Company has raised an additional $530,000 through the issuance of 5,300,000 units at a price of $0.10 per unit.
Mar 20, 2018 03:23 pm ET
Maritime Responds to Announcement of Anaconda's Intention to Make an Unsolicited Offer for Maritime
Vancouver, British Columbia--(Newsfile Corp. - March 20, 2018) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") confirms that it is aware of the announcement by Anaconda Mining Inc. ("Anaconda") that it intends, subject to a number of conditions, to make an unsolicited takeover bid for the outstanding common shares of Maritime ("Common Shares").
Mar 16, 2018 05:27 pm ET
Maritime Adopts Shareholder Rights Agreement
Vancouver, British Columbia--(Newsfile Corp. - March 16, 2018) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") announces that its Board of Directors (the "Board") has approved the adoption of a Shareholder Rights Plan Agreement (the "Rights Plan"). The Rights Plan is being adopted to ensure that, in the event of a take-over bid, all shareholders of the Company will be treated fairly and will not be subject to abusive or coercive takeover strategies. The Rights Plan is similar to plans recently adopted by other Canadian companies and approved by their shareholders. It has been adopted in connection with an unsolicited offer for the shares of the Company which the Board has determined requires more information to properly assess.
Mar 05, 2018 08:00 am ET
Maritime Initiates Work Program at Whisker Project, Newfoundland
Vancouver, British Columbia--(Newsfile Corp. - March 5, 2018) - Maritime Resources Corp. (TSXV: MAE) ("Maritime") is pleased to announce it is proceeding with work programs to advance the Whisker gold project located approximately 10 kilometres from our signature Hammerdown gold project located on the Green Bay Property in Newfoundland and Labrador, Canada. The work will commence immediately and will comprise of initial Geophysical program followed by approximately a 1000 metres drill program.
Feb 13, 2018 08:00 am ET
Maritime Resources Corp.: Whisker Valley Project Continues to Return High Grade Gold Assays 10.22 g/t Au Over a Sample Strike Length of 23.75 Metres
Vancouver, British Columbia--(Newsfile Corp. - February 13, 2018) - Maritime Resources Corp. (TSXV: MAE) ("Maritime") is pleased to announce the last of the high grade gold results from the channel sampling program from the 2017 trenching at the Whisker Valley Project, located approximately 10 kilometres ("km") north of the Company's Hammerdown Gold Mine.
Jan 22, 2018 08:00 am ET
High Grade Gold Assays from Jackson Vein at Whisker Valley 13.66 g/t gold Over a Sample Strike Length of 34 metres
Vancouver, British Columbia--(Newsfile Corp. - January 22, 2018) - Maritime Resources Corp. (TSXV: MAE) ("Maritime") is pleased to announce further results from the trenching and high grade channel sampling program at the Whisker Valley Project, located approximately 10 kilometres ("km") north of the Company's Hammerdown gold mine.
Dec 15, 2017 08:00 am ET
Maritime Announces $2,000,000 Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - December 15, 2017) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") announces a non-brokered private placement of up to $2,000,000 through the issuance of a combination of units (the "Units") at a price of $0.10 per Unit and flow-through units (the "FT Units") at a price of $0.12 per FT Unit (the "Offering").
Dec 13, 2017 08:00 am ET
Maritime Continues to add to the Whisker Valley land package
Vancouver, British Columbia--(Newsfile Corp. - December 13, 2017) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or "the Company") is pleased to announce that it has concluded an option agreement to earn a 100% interest in the Strugglers Pond property located in the Whisker Valley land package. The property covers a number of high grade gold occurrences located adjacent to the Whisker Hill claims that Maritime has completed an extensive trenching program on this fall. (see News Release MAE 17-14, November 29,2017 and MAE 17-16 December 7, 2017)
Dec 07, 2017 08:00 am ET
Maritime Resources Corp. Announces High Grade Gold Assays from Gary Vein at Whisker Valley 16.61 g/t gold Over a Sample Strike Length of 38 metres
Vancouver, British Columbia--(Newsfile Corp. - December 7, 2017) - Maritime Resources Corp. (TSXV: MAE) ("Maritime") is pleased to announce further results from the trenching and high grade channel sampling program at the Whisker Valley Project, located approximately 10 kilometres ("km") from the Company's Hammerdown gold mine.
Dec 05, 2017 08:00 am ET
Maritime hires Project Manager for Hammerdown and Whisker Valley Projects
Vancouver, British Columbia--(Newsfile Corp. - December 5, 2017) - Maritime Resources Corp. (TSXV: MAE) ("Maritime") is pleased to announce the appointment of Mr. Larry Pilgrim, P. Geo as the Company's Project Manager overseeing the exploration and development to bring the Hammerdown Gold Mine Project back to production. Larry will oversee the ongoing exploration of Maritime's Green Bay Properties and the newly acquired Whisker Valley Project. Both projects are with in 10 kilometres from each other and located near King's Point Newfoundland and Labrador, Canada.
Nov 29, 2017 08:00 am ET
Maritime announces high grade gold channel samples on the Whisker Valley Project Returning 13.42 g/t gold Over a Sample Strike Length of 31 metres
Vancouver, British Columbia--(Newsfile Corp. - November 29, 2017) - Maritime Resources Corp. (TSXV: MAE) ("Maritime") is pleased to announce the first set of channel samples results taken from the trenching program at the Whisker Valley Project, which is located approximately 10 kilometres ("km") from the Company's Hammerdown gold deposit. The vein system has now been exposed for over 250 metres and is open along strike and in both directions.
Nov 21, 2017 08:00 am ET
Maritime completes the opening of the Portal at Hammerdown
Vancouver, British Columbia--(Newsfile Corp. - November 21, 2017) - Maritime Resources Corp. (TSXV: MAE) ("Maritime") is pleased to announce it has completed the re-opening of the underground portal and now have access to the historic Hammerdown gold mine, near King's Point, NL Canada. During the last couple of months crews have been working to remove any surface material from in front of the portal and the unconsolidated waste rock that was used to plug the portal during the shut down and reclamation of the mine in 2004. Springdale Forest Resources Inc., a local contractor did an excellent job in the removal of the material and construction and installation of the security gate in front of the open portal, see pictures below. The removal of the plug was achieved with a remote scoop with cameras mounted on it. From surface it appears that the ramp is in excellent condition requiring less than expected rehabilitation, further work is proceeding to determine the amount of work to put it back in operation. The company will now be working closely with the government of Newfoundland and Labrador regulatory departments including Mineral Development Division, Occupational Health and Safety Branch and the Environmental Division to establish the permitting required to both dewater and rehabilitate the underground access ramps.
Nov 16, 2017 08:00 am ET
Maritime Resources Corp.: High Grade Gold in Trenches at Hammerdown, Green Bay Project
Vancouver, British Columbia--(Newsfile Corp. - November 16, 2017) - Maritime Resources Corp. (TSXV: MAE) ("Maritime") is pleased to announce that, as part of the Exploration Program at Green Bay in 2017, surface trenching of veins at the Hammerdown gold project returned high grade gold values in multiple channel samples across the deposit.
Oct 25, 2017 08:00 am ET
Maritime Options El Strato Project Adjacent to Whisker Hill with Gold Assays as High as 239.6 g/t
Vancouver, British Columbia--(Newsfile Corp. - October 25, 2017) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or "the Company") is very pleased to announce that it has entered into an option agreement to earn a 100% interest in the El Strato property which connects to the west side of the recently acquired Whisker Hill Project. The El Strato Property is located only 10 km from Maritime's Hammerdown project, near King's Point, Newfoundland. Maritime now holds close to 60 square kilometers of highly prospective ground which is being referred to as the Whisker Valley Project.
Oct 12, 2017 08:00 am ET
Maritime Resources Announces Work Program Begins at Whisker Hill Gold Project with Surface Trenching Sample Reporting 71.9 g/t Au, 251.0 g/t Ag, 1.48% Cu, 19.7% Pb
Vancouver, British Columbia--(Newsfile Corp. - October 12, 2017) - Maritime Resources Corp. (TSXV: MAE) ("Maritime") is pleased to announce it has started the work program at its newly acquired Whisker Project located in Newfoundland's Green Bay area Canada. Initial trenching at the "Ben" prospect has led to the initial discovery of a 50 metre long quartz vein with visible gold and base metal sulphides. The Company's VP of Exploration (Bernard Kahlert) collected 3 grab samples from an ongoing trenching program returning grades ranging from 89.7 g/t, 59.6 g/t and 71.9 g/t gold. The new vein system has now been exposed for over 250 metres and remains open in both directions. The base metal assays from the same samples returned up to 1.62 % Cu and 19.7% Pb. Full analytical analysis of the samples are listed in the table below.
Mar 02, 2017 09:44 am ET
Rambler Metals & Mining PLC: Hammerdown PFS
Rambler Metals & Mining PLC (TSX VENTURE: RAB) (AIM: RMM)