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Maritime Resources ( (TSE:MAE) ) has issued an announcement.
Maritime Resources Corp. has announced the sale of its Lac Pelletier gold project to Emperor Metals Inc., marking a strategic move to divest non-core assets and focus on core projects in Newfoundland and Labrador. This transaction, which involves Maritime receiving 12.5 million shares of Emperor, strengthens Emperor’s exploration capabilities in the Abitibi greenstone belt, highlighting Maritime’s shift towards being an investor while enhancing shareholder value.
More about Maritime Resources
Maritime Resources Corp. is a gold exploration and development company primarily focused on advancing the Hammerdown Gold Project located in the Baie Verte District of Newfoundland and Labrador.
YTD Price Performance: 0.0%
Average Trading Volume: 191,355
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$49.86M
Learn more about MAE stock on TipRanks’ Stock Analysis page.
