Maritime Resorcs Stock Price, News & Analysis

Maritime Resources (MRTMF) has announced the grant of 17,062,800 incentive stock options to its directors, officers, and employees. The options are exercisable at $0.11 per common share with a five-year term from the grant date. These options will vest immediately upon grant and are subject to TSX Venture Exchange regulations and applicable securities laws.

Maritime Resources Corp. (MRTMF) has announced a planned share consolidation (reverse stock split) on a 10-to-1 basis, effective June 16, 2025. The consolidation will reduce the company's outstanding common shares from 1,119,460,072 to approximately 111,946,007.

The consolidation, which was approved by shareholders on August 8, 2024, still requires TSX Venture Exchange approval. The company's existing stock options and warrants will be proportionally adjusted. Management believes this move will enhance marketability and facilitate organic growth while maintaining shareholders' proportionate ownership and voting power, except for minor adjustments due to fractional shares.

Maritime Resources Corp. (MRTMF) has provided a significant update on its Hammerdown Gold Project in Newfoundland and Labrador. The company recently closed a $20 million equity financing and achieved first gold recovery from stockpile processing at the Pine Cove mill. The project has received all major permits and is targeting development and cash flow in H2 2025. The Pine Cove mill has processed over 45,000 tonnes of low-grade stockpile feed, recovering 350 ounces of gold. The Hammerdown Gold Project features Proven and Probable reserves of 1.9 million tonnes grading 4.46 g/t Au for 272,000 ounces. Recent grade control drilling confirmed high grades, including intercepts of up to 41.6 g/t Au over 6.3 metres. The company plans to upgrade the mill with new equipment and targets production ramp-up in the second half of 2025.

Maritime Resources Corp (TSXV: MAE) (OTC: MRTMF) has announced final drill results from their grade control program at the Hammerdown Gold Project in Newfoundland and Labrador. The program revealed significant high-grade gold intersections, notably 49.4 gpt gold over 2.6 metres, including 153.9 gpt gold over 0.6m in drill hole HDGC-25-235.

The drilling focused on the Rumbullion zone, located 300m east of the core Hammerdown deposit, characterized by steeply dipping, shear-hosted quartz veins. The program completed 8,460m of diamond drilling across 273 holes on a 10m x 10m staggered pattern. Notable findings include 94.5 gpt Au over 0.2m and 25.8 gpt Au over 0.8m.

A significant discovery includes drill hole HDGC-25-241, which intersected 5.1 gpt Au over 11.7m in backfill material, suggesting potential for additional recoveries from historically mined areas.

Maritime Resources (MRTMF) has announced significant drill results from its grade control program at the Hammerdown Gold Project in Newfoundland and Labrador. Key highlights include:

• 5.5 gpt gold over 29.8m, including 73.0 gpt gold over 1.5m in drill hole HDGC-25-177
• 16.9 gpt gold over 2.5m in HDGC-25-181
• 7.7 gpt gold over 5.6m in HDGC-25-160
• 67.1 gpt gold over 0.9m in HDGC-25-188

The grade control program completed 8,460 metres of diamond drilling across 273 holes, designed on a 10m x 10m staggered pattern. Historical underground mining backfill samples averaged 3.3 gpt gold across 274 linear meters of drilling. The program has confirmed the vein model and location of historic underground workings while identifying additional mineralization between high-grade veins, mine backfill material and remnant pillars.

Maritime Resources Corp (TSXV: MAE, OTC: MRTMF) has announced significant drill results from its grade control program at the Hammerdown Gold Project in Newfoundland and Labrador. Key findings include:

Notable intersections revealed 19.9 gpt gold over 17.0 metres, including 32.2 gpt Au over 10.0m in drill hole HDGC-25-124. Additional impressive results include 2.5 gpt Au over 14.0m and multiple high-grade intersections ranging from 27.8 to 31.6 gpt Au.

The grade control program, now completed with 8,460 metres of diamond drilling across 273 holes, was designed on a 10m x 10m staggered pattern. The program successfully validated the vein model and historic underground workings while identifying additional mineralization between high-grade veins, mine backfill material, and remnant pillars. Results are still pending for 114 drill holes.

Maritime Resources Corp. has acquired 12,500,000 common shares of Emperor Metals Inc. (EMAUF) at $0.07 per share on March 11, 2025. The acquisition was made through a property purchase agreement dated January 6, 2025 (amended March 7, 2025), where Maritime's subsidiary 282 transferred 25 mineral claims and one mining lease of the Lac Pelletier gold project in Quebec to Emperor Metals.

Following the transaction, Maritime Resources now owns approximately 10.8% of Emperor Metals' outstanding common shares. The acquired shares are subject to a 4-month and one-day hold period. Maritime Resources may adjust its ownership position based on market conditions, either through open market transactions or private agreements.

Maritime Resources Corp (TSXV: MAE, OTC: MRTMF) has completed the sale of its Lac Pelletier gold project to Emperor Metals Inc (CSE: AUOZ). The project is strategically located 9 km east of Agnico Eagle Mines' Wasamac gold project near Rouyn Noranda and 33 km south of Emperor's Duparquet West gold project in Québec.

The transaction involves the sale of 25 mineral claims and one mining lease in exchange for 12.5 million Emperor shares at $0.07 per share, representing approximately 10.8% ownership in Emperor Metals. The shares are subject to a four-month and one-day hold period from issuance.

Maritime Resources Corp (TSXV: MAE, OTC: MRTMF) has announced significant drill results from its grade control program at the Hammerdown Gold Project in Newfoundland and Labrador. Key highlights include exceptional gold intersections:

- 12.0 gpt Au over 28.0m (including 73.7 gpt Au over 4.0m) from surface
- 46.6 gpt Au over 3.0m (including 69.4 gpt Au within 40m of surface)
- Multiple other high-grade intersections ranging from 2.1 to 35.4 gpt Au

The grade control program has completed 8,460m of diamond drilling across 273 holes, designed on a 10m x 10m staggered pattern. The latest results come from the western and central portions of the proposed Phase 1 pit area, confirming exceptional gold mineralization within a dense swarm of mineralized quartz veins. Results are still pending for 139 drill holes.