Maritime Resources (TSE:MAE) has released an update.
Maritime Resources Corp. has announced Allen Palmiere as their new Chairman of the Board, with former Chairman John Hayes continuing as a board member. The leadership change coincides with the company’s progress towards development, underscored by a significant investment from its largest shareholder, Dundee Corporation, who now owns about 43%, reinforcing their commitment to Maritime’s growth potential. The company is poised to generate cash flow from its Hammerdown Gold Project in Newfoundland and Labrador, leveraging its fully permitted mine and operational mill.
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