Business
Maritime Resources Provides Hammerdown Project Update and Announces Stock Option Grant
Toronto, Ontario--(Newsfile Corp. - March 1, 2023) - Maritime Resources Corp. (TSXV: MAE) ("Mari...
About this update from New Found Gold Corp
[{"type":"text","content":"Maritime Resources Provides Hammerdown Project Update and Announces Stock Option GrantToronto, Ontario--(Newsfile Corp. - March 1, 2023) - Maritime Resources Corp. (TSXV: MAE) (\"Maritime\" or the \"Company\") is pleased to provide an update on the Company's activities at the 100% owned Hammerdown Gold Project (\"Hammerdown\" or the \"Project\") in the Baie Verte mining district of Newfoundland and Labrador, Canada near the Towns of King's Point and Springdale. Highlights:Hammerdown Gold Project - submission of Development Plan and Closure Plans represent key steps in completing project permitting.Inaugural corporate sustainability report published, setting the foundation for the Company's ESG disclosures, including greenhouse gas (\"GHG\") emissions, water stewardship, diversity, equity, inclusion, governance and social performance.Funding commitment of $1M from the Climate Change Challenge Fund for Hammerdown's proposed mineral sorting facility.Maritime attending 2023 Prospectors and Developers conference March 5-8th in Toronto, ON.\"Since completing the feasibility study for Hammerdown, Maritime has made significant progress in further de-risking the Project ahead of development. The submission of the project Development Plan, and the Closure Plan to the province of Newfoundland and Labrador are important milestones and when both are approved, will establish Hammerdown as one of the few permitted gold projects located in a top tier jurisdiction. Value engineering has commenced for the planned Hammerdown operations with the initial focus on optimizing designs, capital expenditures and construction schedules. Maritime has begun the process of reviewing its financing options for the Hammerdown Project, including ongoing discussions with potential lenders and other financing sources,\" adds Garett Macdonald, President and CEO. \"We are pleased to publish our first corporate Sustainability Report and are very appreciative of the local input and support for the Project. Maritime is also pleased to announce that the Climate Change Challenge Fund has committed $1M towards the capital cost of the proposed Hammerdown sorting plant, an innovative technology that will reduce GHG emissions while producing a higher grade product for downstream processing.\"Project PermittingIn May of 2021, the Government of Newfoundland and Labrador approv...