Tuesday, October 28, 2025

New Found Gold: The Strategic Maritime Resources Purchase

Former small cap darling New Found Gold (TSXV: NFG) is evidently itching to become a producer. The company this past Friday announced that they have entered into a definitive agreement to acquire Maritime Resources (TSXV: MAE) after a month of negotiations.

The focal point of the acquisition appears to be Maritime’s Hammerdown property, which is set to see production commence in early 2026, more than a year ahead of New Found Gold’s own timeline to get to production. Mix in some claimed synergies, and well, you’ve got yourself a deal.

Except the market doesn’t seem to be a fan of this one, with both names trading down about 5% at the time of recording.

Lets dive in.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Silver’s Finally Breaking the System | Keith Neumeyer – First Majestic

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

Recommended

Goliath Resources Drills 10.72 g/t Gold Over 7.83 Metres At Surebet

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Related News

New Found Gold Hits 26 g/t Gold Over 9 Metres In Latest Iceberg Drilling

Further assay results have been released by New Found Gold (TSXV: NFG) from drilling at...

Thursday, June 8, 2023, 08:27:34 AM

New Found Gold Hits 70.65 g/t Gold Over 5.25 Metres At Golden Joint

New Found Gold (TSXV: NFG) this morning released further drill results from its ongoing exploration...

Thursday, January 6, 2022, 08:48:33 AM

New Found Gold Hits 85.67 g/t Gold Over 5.65 Metres At Keats

New Found Gold (TSXV: NFG) continues to report assay results from its massive 400,000 metre...

Wednesday, November 16, 2022, 08:20:47 AM

New Found Gold Hits 119.45 g/t Gold Over 2.40 Metres

New Found Gold (TSXV: NFG) this morning released further drill results from its ongoing exploration...

Monday, April 11, 2022, 11:48:00 AM

Exploits Discovery Reviews 2020 Season, Announces Outline For 2021 Exploration Programs

Exploits Discovery Corp (CSE: NFLD) this morning released a year end review for the progress...

Wednesday, December 30, 2020, 08:26:28 AM