Maritime Resources Corp. (V:MAE)
Business Focus: Gold (NEC)
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Insider Filings
Latest 10 SEDI filings for MAE within the last 6 months
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Company News
Apr 11, 2024 07:00 ET
Maritime Samples 1.37 gpt Gold over 107.8 Metres at Pine Cove and Provides Update on Activities at Point Rousse
Toronto, Ontario--(Newsfile Corp. - April 11, 2024) - Maritime Resources Corp. (TSXV: MAE) (OTC Pink: MRTMF) ("Maritime" or the "Company") is pleased to provide an update on gold clean up and sampling activities at its Point Rousse gold project in Newfoundland and Labrador. The Point Rousse Project includes the Pine Cove mill and is located 8 km northeast of the town of Baie Verte. Maritime acquired the Point Rousse Project on August 21, 2023.
Mar 25, 2024 18:18 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.
Valuation Ratios
Industry
Sector
Beta
1.44
--
--
Price to Sales - TTM
--
6.81
4.43
Price to Book - most recent quarter
0.83
1.80
1.98
Price to Cash Flow per share - TTM
--
16.02
9.44
Price to Free Cash Flow per share - TTM
--
44.35
19.72
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Apr 15, 2024 | 76,776 | 13,087 |
| Mar 31, 2024 | 63,689 | -83,811 |
| Mar 15, 2024 | 147,500 | 85,665 |
Business Summary
| Sector: Basic Materials | Industry: Gold |
Maritime Resources Corp. is a Canada-based gold exploration and development company. The Company is focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador, a top tier global mining jurisdiction. 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 also controls over 439 square kilometers (km2) of exploration land including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects. Mineral processing assets owned by the Company in the Baie Verte mining district include the Pine Cove mill and the Nugget Pond gold circuit. The Point Rousse Project covers an area of approximately 54 km2. The Company also owns the Lac Pelletier gold project in Rouyn Noranda, Quebec. Its wholly owned subsidiary is 2823988 Ontario Corp.
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