New Found Gold is set to acquire Maritime Resources in a C$292m deal, creating a Canadian gold producer. The transaction, structured as a plan of arrangement, will see New Found Gold own 69% of the combined entity. The merger aims to establish a multi-asset, near-term gold producer in Canada. The combined entity will leverage synergies from their projects in central Newfoundland, with production expected to begin next year. The deal is subject to court and shareholder approval, expected to close in the fourth quarter of 2025. Maritime shares will be delisted from the TSX Venture Exchange post-transaction.

Read more at Yahoo Finance: New Found Gold to acquire Maritime Resources for $211m