Maritime Resources Management

Management criteria checks 4/4

Maritime Resources' CEO is Garett Macdonald, appointed in Feb 2019, has a tenure of 5.75 years. total yearly compensation is CA$350.00K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 0.54% of the company’s shares, worth $185.73K. The average tenure of the management team and the board of directors is 5.8 years and 3.3 years respectively.

Key information

Garett Macdonald

Chief executive officer

CA$350.0k

Total compensation

CEO salary percentage	100.0%
CEO tenure	5.8yrs
CEO ownership	0.5%
Management average tenure	5.8yrs
Board average tenure	3.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Garett Macdonald's remuneration changed compared to Maritime Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-CA$6m
Jun 30 2024	n/a	n/a	-CA$5m
Mar 31 2024	n/a	n/a	-CA$4m
Dec 31 2023	CA$350k	CA$350k	-CA$3m
Sep 30 2023	n/a	n/a	-CA$2m
Jun 30 2023	n/a	n/a	-CA$2m
Mar 31 2023	n/a	n/a	-CA$2m
Dec 31 2022	CA$350k	CA$350k	-CA$2m
Sep 30 2022	n/a	n/a	-CA$2m
Jun 30 2022	n/a	n/a	-CA$2m
Mar 31 2022	n/a	n/a	-CA$2m
Dec 31 2021	CA$375k	CA$325k	-CA$2m
Sep 30 2021	n/a	n/a	-CA$1m
Jun 30 2021	n/a	n/a	-CA$1m
Mar 31 2021	n/a	n/a	-CA$1m
Dec 31 2020	CA$300k	CA$300k	-CA$1m
Sep 30 2020	n/a	n/a	-CA$2m
Jun 30 2020	n/a	n/a	-CA$1m
Mar 31 2020	n/a	n/a	-CA$1m
Dec 31 2019	CA$275k	CA$275k	-CA$2m

Compensation vs Market: Garett's total compensation ($USD250.40K) is below average for companies of similar size in the US market ($USD650.80K).

Compensation vs Earnings: Garett's compensation has been consistent with company performance over the past year.

CEO

Garett Macdonald (52 yo)

5.8yrs

Tenure

CA$350,000

Compensation

Mr. Garett Macdonald, MBA, B.E., BASc., P.Eng., has been the President and Chief Executive Officer of Maritime Resources Corp., since February 1, 2019. He served as Director of Electra Battery Materials Co...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Garett Macdonald	President	5.8yrs	CA$350.00k	0.54% $ 185.7k
Germaine Coombs	VP of Finance	5.8yrs	CA$200.00k	0.085% $ 29.1k
Perry Blanchard	Vice President of Environment & Sustainability	4.2yrs	CA$200.00k	0.061% $ 21.0k
Tania Shaw	Head of Investor Relations	4.4yrs	no data	no data
Allan Williams	Advisor	no data	CA$65.00k	no data
David McCue	Advisor	no data	no data	no data

5.8yrs

Average Tenure

66yo

Average Age

Experienced Management: MRTM.F's management team is seasoned and experienced (5.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Garett Macdonald	President	6.1yrs	CA$350.00k	0.54% $ 185.7k
Allen Palmiere	Independent Chairman of the Board	less than a year	CA$1.67k	no data
Tom Yip	Independent Director	3.3yrs	CA$25.00k	0.10% $ 34.3k
Nicholas Nikolakakis	Independent Director	3.3yrs	CA$20.00k	no data
John Hayes	Independent Director	6.1yrs	CA$25.00k	0.21% $ 70.8k
Matthew Goodman	Independent Director	less than a year	CA$1.67k	0.034% $ 11.5k

3.3yrs

Average Tenure

61.5yo

Average Age

Experienced Board: MRTM.F's board of directors are considered experienced (3.3 years average tenure).

Maritime Resources Management

Management criteria checks 4/4

Key information

Recent management updates

Maritime Resources Corp. Announces Executive Changes

Maritime Resources Corp. Announces Board and Management Changes

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

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

Recent updates

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

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age