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Maritime Resources Corp.

Maritime Resources Corp.

MAE.V
Maritime Resources Corp.CA flagToronto Stock Exchange Ventures
2.24
CAD
- -
- -
276.76MMarket Cap
Maritime Resources Corp.
MAE.V
(Toronto Stock Exchange Ventures)

Recent

price

2.24

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
TTM
FRC
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.04
Revenue per Share
-0.64
-0.14
-0.03
-0.14
-0.18
-0.15
-0.18
-0.28
-0.23
-0.25
-0.11
-0.05
-0.04
-0.04
-0.05
-0.1
-0.05
Basic EPS, GAAP
-0.2
-0.21
-0.12
-0.1
-0.15
-0.19
-0.07
-0.41
-0.35
-0.23
-0.13
-0.06
-0.12
-0.04
-0.04
-0.05
-0.04
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-0.64
-0.49
-0.2
-0.29
-0.43
-0.54
-0.63
-0.73
0.79
0.75
0.61
0.88
0.84
0.81
0.69
0.57
0.68
Book Value per Share
3.41
1.7
1.35
1.46
1.39
1.3
1.12
1.19
0.97
1.01
0.75
0.96
0.91
0.86
0.74
0.62
0.74
Tangible Book Value per Share
- -
- -
2
3
3
4
4
5
6
10
18
26
39
44
52
68
86
Basic Weighted Avg Shares
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
3
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-84.69
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
- -
- -
-1
-1
-1
-1
-2
-2
-2
-1
-2
-2
-3
-7
-4
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-122.57
Profit Margin (%)
1
1
- -
- -
- -
- -
-1
- -
- -
2
2
6
4
2
2
5
20
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
6
7
7
LT Debt
1
1
3
4
5
5
4
6
6
10
14
25
36
38
39
43
64
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
4.17
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
-39.31
-21.69
-7.69
-5.79
-5.2
-7.08
-18.43
-8.89
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
- -
- -
- -
LT Borrowings
7
7
7
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
83
84
113
Market Capitalization
4
6
99

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
6
5
26
Cash, Cash Equivalents & STI
5
3
21
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
1
3
Total Current Liabilities
1
3
5
Payables & Accruals
1
2
5
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
27.66%
29.06%
9.18%
Free Cash Flow
78.15%
39.17%
63.36%
Net Income, GAAP
39.48%
42.9%
172.4%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
3
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-0.01
-0.01
-0.02
- -
-0.05
2024
-0.03
-0.03
-0.02
- -
-0.1
2025
-0.02
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
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Business
Maritime Resources Corp. (MAE.V) is a Canadian mineral exploration and development company focused on advancing gold projects in Newfoundland and Labrador. The company explores for and develops gold deposits, with its flagship asset being the Ninety North gold project located near the Baie Verte mining district; it also holds interests in the Whisker Valley exploration property and other early-stage prospects in the region. Operations center on resource delineation, drilling programs, and feasibility studies for open-pit and underground mining potential, targeting junior mining investors and strategic partners in the gold sector. Founded in 2017 and headquartered in Vancouver, British Columbia, Maritime Resources operates primarily in Canada, with all key properties situated in Newfoundland and Labrador to leverage established mining infrastructure and regulatory frameworks. The company maintains a lean structure with no major subsidiaries or parent entities reported, emphasizing self-funded advancement through equity financings and exploration partnerships. In recent developments, Maritime Resources completed a C$11.2 million bought deal private placement in late 2024 to support accelerated drilling at Ninety North, marking a significant funding round amid rising gold prices. The company also advanced preliminary economic assessments for the project, incorporating updated resource estimates from 2024 campaigns that expanded indicated ounces. No major acquisitions, name changes, or strategic shifts have occurred in the past 1-2 years, though ongoing partnerships with local contractors aid permitting and community engagement efforts.

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