Maritime Resources Balance Sheet Health

Financial Health criteria checks 6/6

Maritime Resources has a total shareholder equity of CA$44.5M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$59.2M and CA$14.6M respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$7.43m
Equity	CA$44.53m
Total liabilities	CA$14.65m
Total assets	CA$59.18m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: MRTM.F's short term assets (CA$8.2M) exceed its short term liabilities (CA$7.0M).

Long Term Liabilities: MRTM.F's short term assets (CA$8.2M) exceed its long term liabilities (CA$7.7M).

Debt to Equity History and Analysis

Debt Level: MRTM.F is debt free.

Reducing Debt: MRTM.F had no debt 5 years ago.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MRTM.F has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: MRTM.F has sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of 5.2% each year.

Maritime Resources Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Recent updates

Maritime Resources Corp. Announces Results of Additional Surface Sampling At the Hammerdown Gold Project Near the Towns of King's Point and Springdale in the Baie Verte Mining District of Newfoundland and Labrador

Maritime Resources Corp. announced that it has received $0.104705 million in funding

Maritime Resources Corp. Announces Executive Changes

Dundee Corporation (TSX:DC.A) acquired 5.66% stake in Maritime Resources Corp. (TSXV:MAE) for CAD 1.6 million.

Maritime Resources Corp. has filed a Follow-on Equity Offering in the amount of CAD 8 million.

Maritime Resources Corp. has filed a Follow-on Equity Offering in the amount of CAD 8 million.

Maritime Resources Corp. Provides Hammerdown and Point Rousse Project Update

Maritime Resources Corp. announced that it has received CAD 2.5 million in funding from FireFly Metals Ltd

Maritime Resources Corp. Confirms High Grade Gold, Silver, and Copper At Black Ridge

Maritime Resources Corp. Initiates Gold Recovery Program At the Pine Cove Mill

Maritime Resources Corp. Announces Board and Management Changes

Maritime Resources Corp. Stakes Black Ridge Property with Outcrop Grades of 8.8 gpt Gold,198.6 gpt Silver and 10.3% Copper

Maritime Resources Corp. Provides Update on Newfoundland and Labrador Gold Projects

Maritime Resources Corp., Annual General Meeting, Nov 30, 2023

Maritime Resources Corp. announced that it has received CAD 1.8955 million in funding

Maritime Resources Corp. announced that it has received CAD 1.8955 million in funding

Maritime Resources Corp. announced that it has received $5 million in funding

Maritime Resources Corp. announced that it has received $5 million in funding

Maritime Resources Corp. announced that it expects to receive CAD 3 million in funding

Maritime Resources Corp. signed an agreement to acquire Point Rousse Project from Signal Gold Inc.

Maritime Resources Provides Exploration Update

Maritime Resources Corp. Drills 4.72 Gpt Au over 8.15 Metres, Including 10.4 Gpt Au over 3.67 Metres At Orion

Maritime Resources Corp. Commences Diamond Drill Exploration Program at its 100% Owned Hammerdown Gold Project

Maritime Resources Corp., Annual General Meeting, Dec 08, 2022

Maritime Resources Corp. announced that it has received CAD 3.7 million in funding from Dundee Goodman Merchant Partners, Tembo Capital Management Limited, Gold Resource Corporation and other investors

Maritime Resources Corp. Reports Positive Feasibility Study for Hammerdown Gold Project with 48.1% IRR

Maritime Resources Corp. Discovers New Gold Zone 300 Metres South of Hammerdown Deposit

Maritime Resources Provides Update on Hammerdown Gold Project

Maritime Resources Corp. Reports the Completion of A Mineral Resources Estimate on Its 100%-Owned, Lac Pelletier Gold Project

Maritime Resources Corp. (TSXV:MAE) acquired Sprucy Pond mineral licenses for CAD 0.14 million.

Maritime Resources Initiates 2022 Exploration Drilling Program

Maritime Resources Reports Positive Sorting Results on Hammerdown Bulk Sample

Maritime Resources Traces Orion North Zone over 550 Metres - Intersects 12.43 Gpt Gold and 2.15 Gpt Silver over 1.20 Metres, Including 50.60 Gpt Gold and 7.90 Gpt Silver over 0.20 Metres

Maritime Resources Corp. Initiates Exploration Program at Hammerdown Gold Project

Maritime Resources Corp. announced that it has received CAD 10.00103 million in funding from Tembo Capital Management Limited

Maritime Resources Corp. announced that it expects to receive CAD 10.00103 million in funding from Tembo Capital Management Ltd

Maritime Resources Corp Drills 1.4 Gpt Au over 92.1 Metres At Hammerdown

Maritime Resources Corp. Provides Assay Results from Six Additional Diamond Drill Holes at the Orion Deposit in the Baie Verte Mining District of Newfoundland and Labrador, Canada

Maritime Resources Corp. Announces New Gold Discovery At the Hammerdown Gold Project Located in the Baie Verte Mining District of Newfoundland and Labrador, Canada

Maritime Resources Corp. (TSXV:MAE) signed a letter of intent to acquire Nugget Pond and Portfolio of Canadian Mineral Exploration Properties and Royalty Interests from Rambler Metals & Mining Canada Limited for CAD 3.1 million.

Maritime Resources Corp. Announces Additional Assay Results from its Ongoing Exploration Program at the Whisker Valley Project

Maritime Resources Corp. Announces Additional Assay Results from Ongoing Exploration Program at the Hammerdown Gold Project

Maritime Resources Corp. Intersects 2.90 Grams Per Tonne Gold over 31.0 Metres At Hammerdown in New Wisteria Zone

Maritime Resources Corp. announced that it has received CAD 8.705133 million in funding from Dundee Corporation and other investors

Maritime Resources Corp. announced that it expects to receive CAD 6 million in funding from Dundee Corporation

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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