Eric Sprott Announces Holdings in Maritime Resources Corp.

On November 12, 2025, investor Eric Sprott announced that 2176423 Ontario Ltd., a corporation beneficially owned by him, has acquired 249,300 common shares of Maritime Resources Corp. This purchase, executed on the TSX Venture Exchange at an average price of approximately $2.20 per share, equates to around $549,208 and represents about 0.2% of the total outstanding shares on a non-diluted basis.

Before this acquisition, Sprott already held 10,005,700 shares and 2,666,700 share purchase warrants in Maritime Resources, which constituted approximately 8.1% of the outstanding shares on a non-diluted basis and about 10.0% on a partially diluted basis when accounting for the potential exercise of the warrants. After the transaction, his total beneficial ownership rose to 10,255,000 shares and the same number of warrants, increasing his stake to roughly 8.3% on a non-diluted basis and 10.2% on a partially diluted basis. This increase in holdings above the 10% threshold triggered the requirement to file an early warning report as mandated by regulatory standards.

Sprott stated that the shares were acquired for investment purposes, underscoring his long-term outlook on the investment. He noted that he may continue to adjust his holdings—potentially acquiring more stock or selling current holdings based on market conditions and other relevant factors.

Maritime Resources is headquartered in Vancouver, British Columbia, and those interested can view the early warning report on SEDAR+ or contact Sprott's office for further information.

Eric Sprott's recent acquisition of 249,300 shares in Maritime Resources Corp marks a significant move that warrants close scrutiny, particularly for investors interested in the commodities and mining sectors. By boosting his holdings to approximately 8.3% of the company’s outstanding shares, Sprott, a renowned investor, signals his confidence in Maritime Resources' potential.

This transaction, conducted at an average price of $2.20 per share, represents a strategic investment given the current market dynamics. With Sprott adhering to a long-term investment strategy, potential investors might take this as a bullish indicator, suggesting that Maritime is poised for growth. His historical performance suggests that his investment decisions often precede substantial upward movements in stock prices.

Maritime Resources, which focuses on mineral exploration and development, operates in a sector that has proven resilient and rewarding, especially amidst increasing demand for precious metals. With supply chain challenges and geopolitical tensions impacting traditional mining regions, companies like Maritime could benefit from an uptick in resource prices. Sprott's increased stake could also attract other institutional investors, reinforcing the stock’s appeal.

From a trading perspective, the increase in Sprott’s holding over the 10% mark may lead to heightened market interest and media coverage, likely increasing trading volumes in the short term. However, potential investors should remain aware of the inherent volatility in junior mining stocks, which can be influenced by a variety of external factors including commodity price fluctuations, operational challenges, and sector-specific risks.

For those considering an investment in Maritime Resources, closely monitoring Sprott's future moves and any operational developments within the company will be critical. As always, it's prudent to conduct thorough due diligence and assess personal risk tolerance before making investment decisions.