C$292M Gold Merger: New Found Gold Combines with Maritime to Create Newfoundland Production Hub

New Found Gold buys Maritime for $212M

The merged company combines New Found’s Queensway project starting in 2027 with Maritime’s Hammerdown project launching this year.

New Found Gold to Acquire Maritime, Creating a New Canadian Gold Producer - Channelchek

The Canadian gold sector is set for a significant shakeup as New Found Gold Corp. announced plans to acquire Maritime Resources Corp. in a deal valued at approximately $292 million. The combination, announced Friday, will establish an emerging multi-asset gold producer in Newfoundland, a Tier 1 jurisdiction that has been attracting rising investor attention in recent years. Under the arrangement, Maritime shareholders will receive 0.75 of a New …

New Found to acquire Maritime Resources in $292 million deal – Resource World Magazine

New Found Gold Corp. [NFG-TSXV] said it has struck a definitive deal to acquire all of the issued and outstanding shares of Maritime Resources Corp. [MAE-TSXV] it does not already own via a plan of arrangement. Under the terms of the transaction, Maritime shareholders will each receive 0.75 of a New Found Gold share. New Found currently owns 0.1% of Maritime shares. The implied value of the deal is approximately $292 million. The exchange ratio …

New Found Gold To Acquire Maritime Resources In Bid To Advance Production Timeline

New Found Gold (TSXV: NFG) evidently has its sights set on becoming a gold producer, with the company this morning announcing a definitive agreement to acquire Maritime Resources (TSXV: MAE). The arrangement is expected to establish a multi-asset near term gold producer, thanks in part to Maritime’s Hammerdown Gold project, which is expected to enter production next year. “From day one, the focus of our new board and management team has been to …

New Found Gold to acquire Maritime Resources for $292M

New Found Gold (TSXV:NFG) will acquire Maritime Resources (TSXV:MAE), creating a near-term central Newfoundland gold producer with synergistic projects Consideration implies a C$292 million valuation for Maritime Once closed, the transaction would expedite New Found Gold’s path to production from 2027 to early 2026 New Found Gold (TSXV:NFG) will acquire Maritime Resources (TSXV:MAE), creating a near-term central Newfoundland gold producer with s…

New Found Gold buys Maritime for $292M - The Northern Miner

New Found Gold (TSXV: NFG; NYSE-A: NFGC) is acquiring Maritime Resources (TSXV: MAE) in a deal valued at about $292 million (US$212 million) that would create a multi-asset gold producer...