Maritime Resources Corp.

Maritime Resources Corp.

MRTMF
Maritime Resources Corp.US flagOther OTC
1.57
USD
- -
- -
193.98MMarket Cap
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
TTM
Revenue per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.04
Basic EPS, GAAP
-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
Free Cash Flow per Basic Share
-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
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-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
Tangible Book Value per Share
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
Basic Weighted Avg Shares
3
3
4
4
5
6
10
18
26
39
44
52
68
86
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
3
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-84.69
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
- -
-1
-1
-1
-1
-2
-2
-2
-1
-2
-2
-3
-7
-4
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-122.57
Working Capital
- -
- -
- -
-1
- -
- -
2
2
6
4
2
2
5
20
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
6
7
7
Total Equity
4
5
5
4
6
6
10
14
25
36
38
39
43
64
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
4.17
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
-39.31
-21.69
-7.69
-5.79
-5.2
-7.08
-18.43
-8.89

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
3
6
97

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
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Garett Macdonald BASc., MBA,
Sector
Basic Materials
Industry
Gold
Address
650 West Georgia Street Vancouver BC Canada V6B 4P7
IPO Date
Aug 24, 2018
Business
Maritime Resources Corp. operates as a gold exploration and development entity, primarily concentrating on mineral properties in Canada. The company actively explores for gold, alongside deposits of silver, copper, lead, and zinc. Its principal focus lies in the high-grade Hammerdown Gold Project in Newfoundland and Labrador's Baie Verte mining district, which recently celebrated its initial gold pour from the Pine Cove mill in November 2025. Maritime also maintains an extensive land package, encompassing the Green Bay and Whisker Valley projects within Newfoundland and Labrador, and holds interests in the Lac Pelletier gold project located in Quebec. The company's significant assets, including the operational Pine Cove mill and the Nugget Pond gold circuit, provide key infrastructure in the region. Established in 2007 and headquartered in Vancouver, Canada, Maritime Resources Corp. was recently acquired by New Found Gold Corp. in November 2025, becoming a part of an emerging Canadian gold producer.

Company News

APIChatGPT
  • Maritime Resources (OTCMKTS:MRTMF) Shares Up 8.3% – Still a Buy?

  • Maritime Announces First Gold from Hammerdown

  • Maritime Announces 2025 Annual General and Special Meeting Results

  • Maritime Commences Construction at Hammerdown, Adds to Technical Team

  • Maritime Resources Announces Closing of $11.5 Million Brokered Private Placement Financing

  • CEO.CA's Inside the Boardroom: Maritime Resources: Rare Two-Mill Advantage Powers High-Grade Gold Production Transition

  • Maritime Resources Announces an up to $10 Million Best Efforts Private Placement Financing

  • Maritime Drills 24.5 gpt Gold over 13.9 Metres, Including 42.2 gpt Gold over 8.0 Metres at the Hammerdown Gold Project

  • Maritime Announces Completion of Share Consolidation

  • Maritime Announces Grant of Incentive Stock Options

  • Maritime Announces Share Consolidation

  • Maritime Drills 49.4 gpt Gold over 2.6 Metres, Including 153.9 gpt Gold over 0.6 Metres at the Hammerdown Gold Project

  • Maritime Drills 5.5 gpt Gold over 29.8 metres, Including 73.0 gpt Gold over 1.5 metres at the Hammerdown Gold Project

  • Maritime Resources Announces Closing of $20 Million Brokered Private Placement Financing

  • Maritime Announces Issuance of Shares in Satisfaction of Interest Payment Obligations

  • Maritime Announces Election to Issue Shares in Satisfaction of Interest Payment Obligations

  • Maritime Resources Announces Upsize of the Previously Announced Private Placement to $20 Million

  • Maritime Resources Announces an up to $15 Million Best Efforts Private Placement Financing

  • Maritime Drills 19.9 gpt Gold over 17 Metres, Including 32.2 gpt Gold over 10 Metres at the Hammerdown Gold Project

  • Maritime Completes Sale of Lac Pelletier Project to Emperor Metals