New Risk • Sep 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$298k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$298k free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 7.3% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$3.97m market cap, or US$2.85m). Minor Risk Shareholders have been diluted in the past year (30% increase in shares outstanding). New Risk • Aug 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 30% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 2.4% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$5.30m market cap, or US$3.84m). Minor Risk Shareholders have been diluted in the past year (30% increase in shares outstanding). New Risk • Jul 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$25k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$25k free cash flow). Share price has been highly volatile over the past 3 months (30% average weekly change). Earnings have declined by 2.4% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$3.72m market cap, or US$2.72m). Annonce • Jun 18
Belmont Resources Inc., Annual General Meeting, Sep 03, 2025 Belmont Resources Inc., Annual General Meeting, Sep 03, 2025. Annonce • Apr 04
Belmont Resources Inc. announced that it expects to receive CAD 1.3635 million in funding from HMS Bergbau AG, LaVo Verwaltungsgesellschaft GmbH, ERAG Energie & Rohstoff AG Belmont Resources Inc announced a private placement of 30,300,000 common shares at CAD 0.045 for gross proceeds CAD 1,363,500 on April 3, 2025. All securities issued shall be subject to a hold period expiring four months and one day from their date of issuance. Completion of the financing and the issuance of the securities remain subject to receipt of all necessary regulatory approvals, including the approval of the TSXV. The transaction includes participation from HMS Bergbau AG, ERAG Energie & Rohstoff AG PCC and LaVo Verwaltungsgesellschaft MBH. HMS intends to subscribe for 15,000,000 common shares, ERAG intends to subscribe for 4,000,000 common shares and LaVo intends to subscribe for 7,300,000 common shares pursuant to the private placement. Board Change • Sep 06
Less than half of directors are independent Following Director Larry Sookochoff's arrival on 01 September 2024, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Michael Kriebel was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jul 05
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.1m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Shareholders have been substantially diluted in the past year (60% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.07m market cap, or US$2.25m). Annonce • Jul 04
Belmont Resources Inc., Annual General Meeting, Sep 03, 2024 Belmont Resources Inc., Annual General Meeting, Sep 03, 2024. New Risk • Mar 08
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 59% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (26% average weekly change). Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.06m market cap, or US$2.27m). Annonce • Jan 27
Belmont Resources Ltd. Provides A-J Gold Project Drilling Update Belmont Resources Ltd. announced initial results of the A-J 2023 2,000 meter, nine drill hole A-J drilling program in southern British Columbia. 2023 Drilling focused on two zones on the property: North Zone: (Drill holes AJ23-01-05) drilling involved exploring largely untested, open ground in the northern portion of the property where targets were chosen between the Golden Crown and Athestan-Jackpot mines. Drill assays are pending. South Zone - Athelstan mine area: (Drill holes AJ 23-06-09) drilling involved testing for potential mineralized feeder systems along and directly beneath the Athelstan mine, one of two historic gold mines on the A-J 1.5km mineralized gold trend and related historic mine workings. Initial results have been received for South Zone, Athelstan mine area for drill holes AJ23-06 - AJ23-09. As reported in previous news releases dated October 31 and November 16, 2023, all four drill holes (AJ23-06, AJ23-07, AJ23-08, and AJ23-09) beneath the Athelstan gold mine intercepted over 100 meter duration of extensive silicic and phyllic alteration accompanied by widespread sulphide mineralization. These zones included multi-metre quartz shear and stockwork style vein intersections with all lithologies hosting widespread pyrrhotite and pyrite and lesser chalcopyrite and arsenopyrite. Although long grades of gold mineralization were intercepted (up to 150m) the grades were minimal with only two gold intercepts of note: AJ23-07 from 28m: 3.8 meters at 0.4 g/t Au including 1.9m at 0.60 g/t Au; AJ23-08: from 26m depth: 1.1 meters at 1.1 g/t Au. Annonce • Dec 02
Belmont Resources Ltd. Announces Board Changes Belmont Resources Ltd. announce the immediate appointment of Mr. Michael Kriebel to its board of directors. Mr. Michael Kriebel, a highly accomplished Certified Management Accountant based in Berlin, Germany, brings a wealth of experience to Belmont. Commencing his career in tax consulting, he swiftly progressed to serve as the Head of Accounting at a technology start-up in Germany. Michael's expertise extended to managing the accounting departments of the English, Polish, and Spanish subsidiaries of an esteemed international media corporation. Belmont is confident that Mr. Kriebel's extensive financial acumen and international business insights will be invaluable assets for the Company. The Company also announces the resignation of board member Mr. James Place. Mr. Place resigned his position to allow for the appointment of Mr. Kriebel. Mr. Place will continue on the Advisory Board. Annonce • Nov 18
Belmont Resources Inc.'s Drilling Intercepts Second 100+ Meter Long Mineralized Zone Beneath A-J Gold Zone Belmont Resources Ltd. announced that drill core logging has been completed on two additional drill holes AJ23-06 and AJ23-09 with visual analysis showing that a second mineralized zone of over 100 meters of extensive silicic and phyllic alteration accompanied by widespread sulphide mineralization was intersected. Drill holes AJ23-06 and AJ23-09 targeted a strong coincident geophysical anomaly beneath surface gold mineralization at the `A' Zone located 100 meters south east of drill holes AJ23-07 and AJ23-08 where both holes intercepted a 100 meter mineralized zone directly beneath the Athelstan gold mine. Silica, silica-carbonate and phyllic alteration intersected over 100 metre durations in all four diamond drill holes in the South Zone directly beneath and nearby the Athelstan mine. These mineralized zones appear to be correlative between drill holes and could represent a 100 metre step out, along the strike of the Athelstan gold zone trend. The discovery of multi-metre quartz shear and stockwork style vein intersections with all lithologies hosting widespread pyrrhotite and pyrite and lesser chalco and arsenopyrite may potentially be one or more conduits and fracture spaces for deep seated mineralizing hydrothermal fluids and related to the auriferous deposits found in the historic gold mining above. Shallow listwanite units (oxidized to unweathered) were consistently intersected along with very wide intense alteration zones with moderate sulphide mineralization at depths previously untested with historic exploration drilling or mining. The recently completed 9 hole, 2,000m drill program tested several coincident geophysical-geological anomalies on the A-J property. Drill holes AJ23-01 to 05 were drilled in the North Zone with drill holes AJ23-06 to 09 drilled in the South Zone. South Zone: Potential near-surface resource with high-grade feeder system: South Zone drilling tested for a potential feeder contact/structure for the near-surface gold mineralization within a 1.0 km mineralized gold trend which includes the Athelstan and Jackpot past producing gold mines which produced 7,600 ozs Au & 9,000 oz Ag (Minfile 082ESE047) Along with the two former gold mines this trend includes numerous trenches, pits and adit as well as mine waste dumps. Sampling in this area has returned extensive high gold and silver results. In particular sampling of the mine dumps have returned grades as high as 1 oz/ton gold and over 5 oz/ton silver. Gold mineralization in this zone is coincident with 2020 IP survey signatures of subsurface chargeability and resistivity highs, in addition to overlapping magnetic lows. All interpreted to potentially relate to the presence of sulphide mineralization, as well as silica, silica-carbonate and phyllic alteration zones. Core logging of all four drill holes from the South Zone has now been completed with drill samples being sent to MSA Labs in Langley B.C. Logging of North Zone drill holes AJ23-01 to 05 continues and is expected to be completed in the next week. Listwanite and Serpentinite: Listwanite (carbonated serpentinite) is a term to describe the silica-carbonate alteration of serpentinite and is commonly associated with high-grade lode-gold mineralization. All of the historic production from the property, and the vast majority of the previous exploration, all of which were in the South Zone, has been directed at massive sulfide and oxidized sulfide zones within listwanite. During the serpentinization process any gold present in the serpentine may be assimilated with secondary sulfides and/or magnetite and could be indicative by the magnetic anomalies within the property. These opaque minerals (magnetite) are subsequently destroyed in talc-carbonate alteration zones (magnetic low features), which results in gold being released from the serpentinite wall rocks and transported in solution. The gold and silica-rich fluids are transported to higher crustal levels via faults where the change in conditions (lower temperature, pH and O2) results in the precipitation of gold, quartz and sulfides. The Mother Lode gold district in California and the Abitibi greenstone belt of the Superior Province of Canada are two of the most well-known examples of listwanite-associated lode-gold in North America. In general, the richest gold grades within these deposits are associated with, or in close proximity to carbonate-altered ultramafic rocks (Listwanite). Listwanite is also directly associated with several multi- million ounce gold deposits in British Columbia, Atlin, Bralorne and Barkerville. Annonce • Nov 17
Belmont Resources Inc. announced that it has received CAD 0.42 million in funding On November 15, 2023, Belmont Resources Inc. closed the transaction. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 2 placees. Annonce • Oct 17
Belmont Resources Ltd. Commences Drilling At A-J Gold Project, B.C Belmont Resources Ltd. announced that diamond drilling has now commenced at its 100% owned A-J gold project situated in the prolific Greenwood mining camp of southern British Columbia. The planned initial program will be a minimum 2,000m in up to 10 drill holes. The A-J gold property hosts the former producing Athelstan and Jackpot mines which produced 7,000 ounces of gold and 9,000 ounces of silver (Minfile 082ESE047). The program is designed to test a multi-coincident geophysical anomaly located within the North Zone of the property. The Jackpot fault directly intersects this anomalous zone potentially providing a conduit for the hydrothermal fluids and subsequent precipitation of gold mineralization. This target is on strike with a south east trending 1km gold trend on the adjacent Golden Crown property. This gold trend hosts the Golden Crown mine which has a 2016 NI43-101 Indicated Resource of 163,000 tonnes @11.09 g/t Au.1. 4 Drill Holes Completed. Four drill holes, AJ23-01-04, have been completed to date. The drill core is currently being logged and samples are being prepped for delivery to ALS laboratories in Kamloops B.C. New Risk • Oct 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$540k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$540k free cash flow). Share price has been highly volatile over the past 3 months (29% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.36m market cap, or US$1.74m). Minor Risk Shareholders have been diluted in the past year (23% increase in shares outstanding). Annonce • Sep 26
Belmont Resources Inc. Announces Appointment Mr. Patrick Brandl as New Director Belmont Resources Ltd. announced the appointment of a new director Mr. Patrick Brandl, Senior Partner of bgm Partners with offices in Vienna Austria and Luzern, Switzerland. Patrick holds a master's degree in law and business administration. He began his career as a global commodity trader, quickly advancing to the Board of Directors, overseeing global export and processing operations. He later became a Board Member and 40% shareholder in a Swiss trading firm, also assuming the role of CEO and 40% owner of the Russia & Baltic States Subsidiary for a major European processing & retail company. Patrick then transitioned into corporate finance and investment banking, where he became a partner at a US boutique and later at PriceWaterhouseCoopers (PwC), leading the firm's corporate finance practice in Austria & CEE. He subsequently served as the head of global investment banking for the Swiss Valartis Banking Group. Following a management buyout, Patrick became the Senior Partner of bgm Partners Group, a Switzerland and Austriabased firm specializing in investment banking and corporate finance services for the commodity & mining industries, with additional investments in the mining & minerals processing sector. Patrick is a seasoned entrepreneur with board memberships in various entities across the commodity trading & processing and mining sectors. Annonce • Jul 27
Belmont Resources Inc. announced that it has received CAD 0.444 million in funding Belmont Resources Inc. announced non-brokered private placement of 14,800,000 common shares at CAD 0.03 per share for gross proceeds of CAD 444,000 on July 25, 2023. The common shares issued will be subject to a hold period expiring four months and one day from issuance. The company will now apply to the TSX Venture Exchange to issue the common shares. As part of the transaction there is no finder’s fee to be paid. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from placees. New Risk • Jul 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (29% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.54m market cap, or US$2.68m). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). Annonce • May 17
Belmont Resources Inc., Annual General Meeting, Jul 28, 2023 Belmont Resources Inc., Annual General Meeting, Jul 28, 2023. Board Change • Nov 17
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Geoffrey D. Peretz was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Oct 29
Belmont Resources Inc. Announces New Mineral Resource Estimate for Its Lone Star Copper-Gold Project in Washington State Belmont Resources Inc. announced a new mineral resource estimate for its Lone Star copper-gold project in Washington State. This resource estimate, completed for Belmont JV Partner Marquee Resources by independent consultants Mining Plus, is a major milestone for the company. A total of 60 drill holes were included in the modern Lone Star database, of which 13 were drilled in 2006 and 47 (7,888m) were drilled in 2021-2022. The Mineral Resource is reported inside of a conceptual pit shell at an internal cut off grade of 0.112% copper equivalent. Based on these criteria, the Lone Star deposit contains an Indicated Mineral Resource of 9.7 Mt at 0.62% Copper Equivalent and an Inferred Mineral Resource of 3.5 Mt at 0.45% Copper Equivalent. The Lone Star property is located in northern Washington State on the northeastern tip of the Republic Graben, an important geological feature which hosts several gold and copper mines. The property lies on a 3-kilometer long trend of gold copper mineralization linked by geology, in both rock types and structure, as well as the accompanying gold copper mineralization. The Lone Star mine operated over two time periods; underground from 1897-1918 producing 146,540 tonnes, and open-pit from 1977-1978 by Granby Mining Co. when 400,000 tonnes of ore were transported from the Lone Star open pit to its Phoenix mill in B.C, 11km to the north. The geology and mineralization of the Lone Star Property is strongly influenced by the 600 meter wide No. 7 Fault. Annonce • Oct 20
Belmont Resources Inc. Provides Update for Its Belmont-Marquee Resources Kibby Joint Venture 3,000 Meter Drill Program in Nevada Belmont Resources Inc. provided an update for its Belmont-Marquee Resources Kibby Joint Venture 3,000 meter drill program in Nevada. The objective of Kibby drill program is to delineate a lithium-enriched brine aquifer deposit in Kibby Basin, Nevada, USA that is amenable to mining using wells to extract brine for processing to a saleable lithium hydroxide monohydrate product. Drill hole KB22-02 has been completed at a total depth of 915 meters. The drill hole targeted a highly conductive geophysical anomaly, which has the signature for a potential lithium enriched brine aquifer beneath the Kibby Playa. Hole KB 22-02 drilled a section of muddy lakebeds with interspersed siltstones and sandstones, which can serve as important aquifers for lithium brines. Several intervals of tuffaceous sediments as well as airfall and reworked ash, also potential hosts for lithium brine, were encountered. Drill core from KB22-02 has been logged at Belmont's core cutting facilities in nearby Mina, NV. 10% of the core has been split and delivered to Paragon Labs in Sparks, NV for lithium analyses. Water samples are being analyzed for lithium and chemical/physical properties at Western Environmental Testing Laboratory in Sparks NV. The inflatable packer can isolate discrete zones of the aquifer where water samples could be obtained and attributed to that specific part of the aquifer. This minimizes cross contamination between various levels and destabilization of the drill hole. The selected interval may be anywhere from 10 to 200+ foot intervals. The top and bottom of the interval are first sealed by inflating the packer seals. The interval is then purged of any fluids in the interval to avoid contamination before new fluid from the aquifer is allowed to accumulate in the interval before being pumped to surface. Annonce • Sep 21
Belmont Resources Commences 2022 Phase II Exploration Program on Come by Chance Copper-Gold Porphyry Target Belmont Resources Inc. announced that it has begun its Phase II 2022 exploration program on its 100% owned Cu-Au Come By Chance (CBC) Porphyry project located in southern B.C. Belmont geologists are currently on the CBC property `ground truthing' areas of coincident geophysical targets located in the central and northern portion of the property. Ground truthing involves detailed mapping and rock sampling on surface of coincident geophysical anomalies. Exploration results to date shows this area to be the potential core of the apparent porphyry system. Data from the current ground truthing survey will be added to the overall CBC exploration database and 3D modeling results will be utilized to more precisely vector in on and further refine the location of the porphyry to determine more definitive drill targets for an upcoming Phase II drill program some time before the year end. Phase I Exploration and Drilling Exploration on the CBC to date has focused on identifying a potential concealed porphyry intrusive of copper-gold mineralization. 2021 geophysics and a subsequent Phase I 2022 - 2,300m drill program further supported the copper-gold porphyry model in initially identifying porphyry style alteration, veining and mineralization. Phase I 2022 drilling identified: 1. Extensive Propylitic (chlorite, epidote, albite and carbonate) alteration encountered in all six drill holes. Common to most porphyry deposit types, large propylitic alteration forms as halos to the core of porphyry deposits. 2. Extensive pyrite mineralization (up to 20%). Pyrite halos are another important vector which helps in locating possible porphyry core. 3. Skarn mineralization. Skarns near porphyry deposits are commonly inextricably part of the larger Cu-Au system(s). 4. Structural Lineaments. Junctions of structural lineaments may create a point of weakness that could have been exploited by the porphyry intrusive. The Crook Lake Caldera is an indicated volcanic caldera with indicated hydrothermal breccias and potential mineral controlling structures and cross-structures. Annonce • Sep 09
Belmont Resources Inc. Provides Update At Kibby Basin Lithium Project, Nevada Belmont Resources Inc. provided an update for its Belmont-Marquee Resources Kibby Joint Venture (JV) 3,000 meter drill program in Nevada. The objective of Kibby drill program is to delineate a lithium-enriched brine aquifer deposit in Kibby Basin, Nevada, USA that is amenable to mining using wells to extract brine for processing to a saleable lithium hydroxide monohydrate (LiOHH2O) product. Drill hole KB22-01 has been completed at a total depth of 2,888 feet (880 meters). This drill hole targeted a highly conductive geophysical (magnetotelluric - MT) anomaly, which has the signature for a potential lithium enriched brine aquifer within the Kibby Playa (dried lakebed). Drill core from KB22-01 has been sent to Belmont's core cutting facilities in nearby Mina, N, where it is being processed for lithium analyses. Formation water samples were collected at various depths and have been sent to Western Environmental Testing Laboratory in Sparks NV for lithium and water chemistry analyses. Water sampling was conducted by Geoffrey Baldwin, P.G. of Applied Hydrologic LTD. Drilling on hole KB22-02 started on August 28 and is progressing much quicker than KB22-01. The hole is currently at a depth of 1,200 feet (365 meters). Annonce • Sep 03
Belmont Resources Inc. Announces Laurence Sookochoff Did Not Stand for Re-Election as Director Belmont Resources Inc. announced Laurence (Larry) Sookochoff did not stand for re-election as director. Annonce • Aug 25
Belmont Resources Inc. announced that it expects to receive CAD 0.21 million in funding Belmont Resources Inc. announced a non-brokered private placement of up to 3,000,000 units at a price of CAD 0.07 per unit for gross proceeds of up to CAD 210,000 on August 23, 2022. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at a price of CAD 0.10 per share for a period of first year and CAD 0.15 per share for a period of second year. The company intends to pay finders fees of up to 8 per cent cash and 8 per cent warrants, subject to compliance with applicable securities legislation and TSX-V policies. The securities to be issued will be subject to a four-month and one day hold period from closing. The terms of the financing are subject to customary closingconditions including, but not limited to, receipt of applicable regulatory approvals, including approval of the TSX-V. Annonce • Jun 17
Belmont Resources Inc., Annual General Meeting, Aug 16, 2022 Belmont Resources Inc., Annual General Meeting, Aug 16, 2022. Annonce • Jun 10
Belmont Resources Inc. Announces the Completion of Drill Program At Lone Star Coppergold Project Belmont Resources Inc. announced the completion its Phase I 7,888 meter drill program along with the latest drill results from the Belmont-Marquee JV Lone Star copper gold project in Washington State. The Lone Star deposit is interpreted to have elements of structural and stratigraphic control with an overprinting porphyry copper system. Structurally stacked `tectonic' lenses of east dipping, closely spaced, overlapping echelon zones of VMSstyle massive sulphide have been structurally emplaced during thrusting over the basal erpentinite unit. At least eight individual zones have been interpreted and these zones range from 118 metres thick. Porphyry and hydrothermal fluids utilised the preexisting structural architecture to deposit coppergold mineralisation subsequent to the earlier thrusting event. Structurally controlled epithermal gold mineralisation, discordant with early base metal mineralisation, has also been identified hosted in veins, shear veins and breccia zones and is interpreted to have been deposited syn porphyry emplacement. At least three separate rhyolite sills, are fed by subvertical, structurally controlled, feeder dykes/zones. The mineralised subvertical dykes/zones are estimated to be approx. 2040m wide, extend laterally for tens to hundreds of metres, and are vertically extensive. Identification of the mineralised dykes opens up the possibility of defining significant additional mineralisation outside the flatlying, structurally remobilised base metal mineralisation that has been historically identified. The Phase 1 drilling program has been completed at Lone Star which included 46 diamond drill holes for 7,888m. Assay results from 31 drill holes received with the final batch of core enroute to the laboratory. Final results from the drilling program are expected in approx. 4 weeks. The phase 1 drill program was designed to satisfy three key objectives: Validate the historical drill hole database and resource model; Deliver a 43101 compliant mineral resource estimate; and Test for extensions to the historical resource. Annonce • May 20
Belmont Starts Drilling At Kibby Basin Lithium Project, Nevada Belmont Resources Inc. announce that drilling at Belmont-Marquee Resources Kibby Joint Venture in Nevada has started. The planned 2 stage 3,000 metres in three drill holes will target a highly conductive geophysicalanomaly, which has the signature for a potential lithium enriched aquifer beneath the Kibby Playa (dried lakebed). Phase I 2,000m: Drill holes KB22-01 and KB22-02(each 1,000m) will test the large conductive anomaly at depth. Phase II Depending upon Phase I results will focus on infilling between KB22-01 and KB22-02 to determine brine volume estimation. The objective of drill program is to delineate a lithium-enriched brine aquifer deposit in Kibby Basin, Nevada, USA that is amenable to mining using wells to extract brine for processing to a saleable lithium hydroxide monohydrate (LiOHH2O) product. A gravity survey was completed over the Kibby Basin property in June 2016 with the objective of generating a model of the basin fill as an aid to lithium exploration. Results of the survey are integrated with an earlier airborne magnetic survey completed by the USGS and reported upon by Wright (2016). The gravity survey showed the Kibby Basin to be a "drop down" basin which provides a catch basin for lithium bearing ash and gravels over millions of years. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Laurence Sookochoff was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Apr 21
Belmont Provides Drilling Update from the Come by Chance Project Belmont Resources Inc. announced that its maiden diamond drilling program is ongoing on its 100% owned Come By Chance (CBC) project (the "Property") located in the prolific Greenwood mining camp in southern British Columbia. Five drill holes for a total of 1,650 metres of core drilling has been completed to date out of the planned 2,100 metre drill program. The phase-one program has focused on the Betts, Iron Chief and Lady M zones where 2021 geophysical surveying has identified geophysical anomalies associated with high grade copper-gold grab sampling results. The phase-one drilling was designed to initially test certain geophysical anomalies for mineralization anddetermine which combined geophysical signatures (magnetic, chageability and resistivity high-lows) best correlate to mineralization. The identified composite signature will then be used to better delineate further drill targets in phase-two drilling. Assay results from the drill program will be released on a timely basis once results have been received from the laboratory. A total of 400 samples were bagged and tagged using best practices and were delivered to MSALABS, Langley, B.C., for sample preparation and analyses. MSALABS is an independent commercial, accredited ISO Certified Laboratory. First results are expected within four weeks. The Come By Chance (CBC) property is situated in the Greenwood mining camp, considered to be one of the highest concentrated areas of past producing mines in North America Although the Phoenix mine was the major producer, some of the smaller mines were also productive from a number of different types of deposits. From 1900 to 1975 production from these 26 principal mines was produced over 600 million pounds of copper and 1.4 million ounces of gold (Church, 1986). The CBC Property, located three kilometres to the southeast of the Phoenix deposits, is on a comparative geological trend and hosting skarn, epithermal, volcanogenic, and massive sulphide mineralization. Historic exploration revealed many indications to a potential concealed intrusive of copper/gold mineralization in the skarns, the free gold, epithermal zones, and a massive sulfide epithermal zone. There are also indications of a potential porphyry/skarn linkage (Evans, 2005). Drilling at the Lone Star Copper-Gold project is ongoing with 6,100 metres of a +7,000 metre drill program completed to date. Purpose of the drill program to: 1) Validate the historical 250 drill hole database and historic resource model; 2) Achieve an infill drill hole spacing that is appropriate for advancing the 2007 historic inferred mineral resource to a current measured and indicated resource category; 3) Test for extensions of the historical resource both laterally and at depth; 4) Deliver a 43-101/JORC compliant mineral resource estimate and a Preliminary Economic Assessment (Q3-2022). A 2,500 metre drill program is planned for May 2022. Drilling will target a large highly conductive anomaly (brine lithium) beneath the Kibby Basin playa. The Kibby Basin Lithium property has similar characteristics to the Clayton Valley Basin situated 60kms to the south. Annonce • Mar 06
Belmont Resources Inc. announced that it expects to receive CAD 0.53795 million in funding Belmont Resources Inc. announced a private placement of 7,685,000 units at issue price of CAD 0.07 per unit for gross proceeds of CAD 537,950 on March 4, 2022. The transaction will include participation from insider of the company for 170,000 units for CAD 11,900. Each unit consists of one common share of the company and one warrant exercisable at CAD 0.10 in the first year and CAD 0.15 in the second year. The warrants will be subject to an accelerated expiry date, which comes into effect at such time as the trading price of the company's shares closes at or above CAD 0.25 per share for 10 consecutive trading day, the company may accelerate the expiry date of the warrants by disseminating a press release and providing the warrant holders with notice that such warrants will expire on the 30th day thereafter. The securities to be issued are subject to a hold period of four-month and one day hold period from closing of the transaction. The closing of the transaction is subject to customary closing conditions including but not limited to receipt of applicable regulatory approvals including approval of the TSX-V. Annonce • Feb 25
Belmont Resources Inc. Announce Results from the Latest Batch of Assays at the Belmont-Marquee Resources Belmont Resources Inc. to announce results from the latest batch of assays at the Belmont-Marquee Resources. Lone Star Joint Venture (JV) in North Eastern Washington State. Results from the latest batch of assays have identified high-grade gold and copper mineralization in an area of the Lone Star deposit that lacked significant historical intercepts and gold assay data. High-grade gold mineralization is discordant with high-grade copper-silver mineralization and it is interpreted that early volcanogenic massive sulphide (VMS) style copper-silver mineralization has been overprinted by later shearing, brecciation and hydrothermal gold deposition. As such, the results indicate the potential to define further high-grade, structurally controlled gold mineralization that was not a focus of historical exploration programs. To date, 20 diamond drill holes for 3,578m have been completed at Lone Star with full assay results from the first nine drill holes received. Batches of core are being delivered to the laboratory approximately every fortnight with results to continue filtering through over the coming months. Drilling continues 24 hours a day as part of the fourty-three hole, ~6,000m diamond drilling program. Drilling is expected to be completed at the Lone Star Copper-Gold Project in Q1- 2022 with the phase 1 drill program designed to satisfy four key objectives: Validate the historical 252 drill hole database and resource model; Achieve an infill drill hole spacing that is appropriate for advancing the 2007 historic inferred mineral ource to a current measured and indicated resource category; Test for extensions of the historical resource both laterally and at depth; Deliver a NI 43-101/JORC compliant mineral resource estimate and Preliminary Economic Assessment LS21-010 was drilled at a dip of 70o to the east on the same drill pad that LS21-009 was collared from. Initial results from LS21-010 have been reported previously (Refer BEA TSX.V release 14th Feb. 2022) highlight the near surface potential of the project with multiple zones of disseminated and vein hosted, massive sulphide mineralization observed in both the Upper Zone and Lower Zones. Final results from LS21-010 have been received and form part of the content of this release. Significant assay results received from LS21-010 36.9m @ 1.3% CuEq (0.4g/t Au & 4.5g/t Ag) from 7.8m including and 12.2m @ 2.8% CuEq (1.1g/t Au & 8.8g/t Ag) (LS21-010 previously reported). LS21-006 intersected serpentinite and rhyolite hosted mineralization with abundant sulphides logged from 76.8- 114.6m. Assay results identified mineralization underneath the historical resource wireframe with significant results including 11.9m @ 2.3% CuEq (2.0g/t Au & 3.3g/t Ag) from 99.7m (including: 1.6m @ 9.8% CuEq (11.7g/t Au & 7.0g/t Ag)) Mineralization in LS21-007 is serpentinite hosted with abundant sulphides logged from 106.7-125.6m. Interestingly, LS21-007 provided key information about the nature and timing of the polymetallic copper-gold-silver mineralization of the Lone Star deposit. High-grade gold mineralization is discordant with high-grade copper-silver mineralization and it is interpreted that early volcanogenic massive sulphide (VMS) style copper-silver mineralization has been overprinted by late shearing, brecciation and hydrothermal gold deposition. As such, the results indicate the potential to define further high-grade, structurally controlled gold mineralization that was not a focus of historical exploration programs. Significant results from LS21-007 include 17.7m @ 3.5% CuEq (2.8g/t Au & 5.9g/t Ag) from 107.9m (including 4.1m @ 6.4% CuEq (1.5g/t Au & 16.8g/t Ag) and 4.9m @ 5.7% CuEq (7.9g/t Au & 2.6g/t Ag)) Drilling continues 24 hours a day with batches of samples being delivered weekly to MSA Laboratories in Langley, British Columbia, Canada. Despite the winter conditions, production rates remain high and drill holes are being extended well beyond historical drill hole depths. Additionally, Mining Plus Pty Ltd. have begun resource modelling studies as the Company pushes towards delivering a 2022 NI 43-101 and JORC compliant resource in the first half of 2022. Annonce • Feb 16
Belmont Resources Inc Reports Results from an Ongoing Drilling Program on the Belmont-Marquee Resources Belmont Resources Inc. reported results from an ongoing drilling program on the Belmont-Marquee Resources. Lone Star Joint Venture (JV) in North Eastern Washington State. LS21-003: 5.0m @ 4.4% CuEq from 72.4m, LS21-003: 22.3m @ 1.1% CuEq from 125.6m (including 9.5m @ 1.5% CuEq), LS21-003: 55.8m @ 0.6% CuEq from 155.2m (including 9.15m @ 1.2% CuEq), LS21-004: 7.6m @ 1.4% CuEq from 7m, LS21-008: 17.7m @ 0.8% CuEq from 5.5m, LS21-009: 39.6m @ 0.4% CuEq from 6.4m, LS21-010: 36.1m @ 1.3% CuEq from 25.5m (including 12.2m @ 3.4% CuEq) (note: only 28 of 131 assays received from drill hole 10 thus far). To date a total of 16 diamond drill holes for 2,815m have been completed at Lone Star with full assay results from the first six drill holes received (LS21-001-004, 008-009), and partial results for 28 of 131 results from LS21-010 received. The third batch of core is at the laboratory for assay, with the fourth batch currently being transported to the laborartory. Drilling continues 24 hours a day as part of the forty-two hole, 6,000m of diamond drilling program. Drilling is expected to be completed at the Lone Star Copper-Gold Project in Q1-2022. Drill hole LS21-003 was drilled approximately 30m south of LS21-002. 91.15m of variably mineralised core was observed with massive quartz-sulphide veins intersected in the dacite hosted Upper Zone. Disseminated to locally abundant sulphides were intersected in the serpentinite hosted Lower Zone. Significant intersections from LS21- 003 included 55.8m @ 0.6% CuEq from 155.2m (including 9.15m @ 1.2% CuEq), 22.3m @ 1.1% CuEq from 125.6m (including 9.5m @ 1.5% CuEq) & 5m @ 4.4% CuEq). Annonce • Feb 01
Belmont Resources Inc. Provides Update on Lone Star Drilling Program Belmont Resources Inc. provided an update on the progress of the 6,000 meter, 42 hole, drill program on the Lone Star copper-gold project in Washington State. Fourteen drill holes have been completed to date for a total of 2,500 meters and mineralized stratigraphy was encountered in every hole thus far. From the drilling to date a new geological model has developed for the Lone Star project to be that of a submarine rhyolite dome with associated VMS. Drilling has identified at least three stratigraphically separate rhyolite layers, each of which is prospective for undiscovered mineralization along strike and down-dip, plus the addition of well-mineralized bedded sulfides in basaltic units. Annonce • Jan 08
Belmont Resources Inc. Announces Initial Infill Drilling Results from the Lone Star CopperGold Project, Washington State, USA Belmont Resources Inc. announced initial infill drilling results from the Lone Star CopperGold Project, Washington State, USA. Results from the first two holes of the forty twohole 6,000m diamond drilling campaign have been received and include: LS21001: 44.2m @ 1.3% Cu from 65.8m (including 19.8m @ 2.4% Cu); 22.1m @ 1.15% Cu from 140.4m (including 8.5m @ 2.1% Cu). 15.54m @ 3.7% Cu, 1.8g/t Au & 23g/t Ag from 48.3m (incl. 2.6m @ 18.5% Cu, 10.4g/t Au, 106g/t Ag); 53.6m @ 0.8% Cu from 120.7m (including 7.6m @ 2.1% Cu & 1.4g/t Au). All results from the current infill definition drilling program will be used to update the 2007 Historic Mineral estimate for the Lone Star deposit to current level and convert Inferred Resources into Measured and Indicated categories. Upon completion of the drill program, a new 43101 Mineral Resource estimate will be generated and will be part a Preliminary Economic Assessment study for the development of the Lone Star deposit. Wide zones of highgrade copper mineralization (up to 18.5% Cu) confirmed from first two diamond drill holes with significant elevated gold (up to 10.4g/t Au) and silver (up to 106 g/t Ag) values also received. Annonce • Sep 17
Belmont Resources Inc. Resumes 2021 Exploration Program At Its CBC Gold-Copper Project Belmont Resources Inc. announced that after a delay due to extreme wild fire conditions the company is resuming its exploration program on its wholly owned Come By Chance (CBC) gold-copper project, near Grand Forks in southern British Columbia. Numerous pits, shafts and adits, including the 251 m long Betts adit, are evidence of historic exploration on the property, however there has been little systematic modern exploration work completed. Previous exploration on the property has identified several styles of mineralization including copper-gold skarn mineralization, massive sulfide zones (pyrite, pyrrhotite) and epithermal alteration (silicification and veining). Free gold is reported in samples from the western part of the claims A mineralized quartz feldspar porphyry dyke has also returned elevated values of copper mineralization, and could suggest porphyry mineralization potential. In 2020, Belmont completed an airborne magnetic survey and a Lidar survey over the property. Numerous features of interest were defined by the surveys, which are assisting in geological mapping and interpretation in areas of cover. An extensive rock-sampling program is currently underway, which will target areas of identified skarn mineralization and epithermal alteration, as well as features of interest from the magnetic and Lidar surveys. The sampling program will be followed by an IP survey, which was originally scheduled for June of this year, but was suddenly cancelled due to unusual high temperatures and forest fire danger rating in the project area. The objective of the IP survey is to map the resistivity and chargeability distribution and provide specific diamond drill targets. Annonce • Aug 17
Belmont Resources Inc. Provides Update on its Recently Acquired Lone Star Copper- Gold Project Situated in Republic Mining Camp of Washington State Belmont Resources Inc. provided an update on its recently acquired Lone Star Copper-Gold project situated in Republic mining camp of Washington State. Belmont is planning a 3,000-metre drill program for the Lone Star copper-gold deposit with the objective of: Adding additional resources to the current historical resource. Moving a component of inferred resource to measured resource in preparation for a possible future Preliminary Assessment, Scoping or Feasibility Study. Generating a new current NI 43-101 compliant resource incorporating any additional resources generated from the drilling. The drill program will consist of 15 holes, with 5 holes for infill drilling, 7 holes testing outward from the southern cluster of thick high-grade zones, and 3 holes to test the expansion of an eastern thick, rich zone. Lone Star History: The former Lone Star mine operated over two time periods; underground from 1897-1918 producing 146,540 tonnes, grading 1.25% Cu, 0.036 opt Au and 0.2 opt Ag and open-pit from 1977-1978 by Granby Mining Co. when 400,000 tonnes of ore were transported from the Lone Star open pit to its Phoenix mill in B.C, 11km to the north. The Lone Star deposit has an historic resource estimate which was reported in a "Technical Report and Resource Estimate on the Lone Star Deposit, Ferry County Washington (September 23, 2007)" for Merit Mining Corp. and authored by P&E Mining Consultants Inc. Adjacent Mine: The property lies on a 3-kilometer long trend of gold-copper mineralization linked by geology, in both rock types and structure. Golden Dawn Mineral's Lexington mine is also on the same trend just north of the Canadian border. Golden Dawn Minerals recently announced in an August 10, 2021 news release, their plans to drill on the Lexington property. The Lexington exploration permit is for a total of surface drilling (25 sites) with Phase 1 to include 14 drill sites (up to 56 holes, 11,200m). The drilling will test potential strike extensions of the resource zone to the southeast, northwest and northeast of the mine. Advancing the Lone Star Project: Belmont personnel have recompiled and analyzed the extensive amount of Lone Star data on order to determine the best path for moving the project forward. Annonce • Jul 14
Belmont Resources Inc. announced that it expects to receive CAD 0.21 million in funding Belmont Resources Inc. announced a non-brokered private placement of 3,000,000 flow-through units at a price of CAD 0.07 per flow-through share for gross proceeds of CAD 210,000 on July 12, 2021. Each flow-through Unit consists of one flow-through common share and one non flow-through share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of CAD 0.12 for a period of two years from the issuance of shares. Insider's may be participating in the transaction. The transaction is subject to customary closing conditions including, but not limited to, receipt of applicable regulatory approvals, including approval of the TSX-V. The closing of the transaction may occur in one or more tranches, with the initial closing date of the transaction expected to occur on or around July 31, 2021 and is not subject to receipt of a minimum amount of gross proceeds. The company may pay to certain introducing parties in respect of the transaction finder's fees of up to 8% cash and non-transferable 8% warrants, subject to compliance with applicable securities legislation and TSX-V policies. Annonce • May 29
Belmont Resources Inc. Completes Option Agreement for 100% Ownership of Come by Chance Copper-Gold Porphyry Project and Plans 2021 Exploration Belmont Resources Inc. announced that it has completed the terms of the option agreement for acquisition of the Come By Chance (CBC) copper- gold porphyry project signed in May 27, 2020. The company now holds a 100% interest in the property, subject to a NSR of 1.5% which the company can reduce to 0.5% with a payment of CAD 1,000,000 to the vendors. Belmont's CBC copper-gold porphyry project is located in the prolific copper belt of British Columbia known as the Quesnellia trough. This belt has been described as one of the most prospective geological areas for gold and copper within Canada. The Quesnellia Trough is important from an economic perspective due to its rich endowment of gold copper gold porphyry deposits. These large-tonnage deposits are sought after by major mining companies because of their open pit, low cost operating features and long mine life. Situated within the Quesnellia Trough is the prolific Greenwood Mining Camp which is considered to be one of the most concentrated mineralized areas in British Columbia. 26 principle mines were operational in this area, and produced over 550 Million pounds of copper and over 1.5 Million ounces of gold. The CBC property is very accessible being only 5 kilometers outside the town of Grand Forks, three kilometres to the southeast of the past producing Phoenix mine and directly across Provincial Highway #3 of the company's A-J gold property. Highway #3 and a power line cross the edge of the CBC property. Belmont is planning an IP survey over the magnetometer anomaly at the CBC property which by structurally related, surficially exposed, mineralized breccia zones, shows the extension of the magnetometer anomaly to a depth of 525 metres below surface, open to depth and length and up to 2,800 metres wide, should provide a prime anomalous IP target for an initial 500 metre diamond drill hole. Annonce • May 21
Belmont Resources Inc. Reports 14.66M of 1.78 G/T Au and Assays of Up to 9.35 G/T Au from Final Drilling Results Belmont Resources Inc. announce that the company has received results from the final 4 holes of the recently completed Phase 1 - 9 hole (2061 m) drill program on its A-J property near Grand Forks, in southern British Columbia. Results from the first 5 drill holes were previously released. Holes AJ21-008 and -009 were collared approximately 100 m southwest of the historic Athelstan mine, between the A and J-12 Zones. A 2002 trenching program at the A Zone by a previous operator returned 35.2 g/t Au over a 3 m true thickness in one trench, and 15 m on strike to the east, 26.2 g/t Au over a 2.5 m true thickness. A chip sample from the J-12 Zone, located 60 m north of the A Zone, returned 21.8 g/t Au over a 0.8 m true width. [2] Only 1 previous drill hole has tested this area of the property, hole 87-2, which returned 3.79 g/t Au over 0.79 m, including 15.89 g/t Au over 0.15 m. The intercepts in holes AJ21-008 and -009 are near-surface intervals of mineralization that are interpreted as correlating with the known mineralization at the A and J-12 Zones. The Company's drill program has confirmed that elevated gold values on the property occur in zones of semi-massive to massive sulfide mineralization, such as were mined historically on the property, but has also shown that gold mineralization can be associated with broad zones of silicification and phyllic alteration within intrusive host rocks. The latter is a new style of mineralization on the property, validates the company's model of testing IP anomalies, and supports the potential for low grade, near surface, bulk tonnage style mineralization on the property. Annonce • Apr 30
Belmont Resources Inc. Receives Results from the First 5 Holes of the Recently Completed Phase 1 9 Hole (2061 M) Drill Program on Its AJ Property Near Grand Forks Belmont Resources Inc. announce that the company has received results from the first 5 holes of the recently completed Phase 1 9 hole (2061 m) drill program on its AJ property near Grand Forks, in southern British Columbia and that elevated gold values have been returned from all holes. Assays are pending for the final 4 holes and will be released when available. Drill holes AJ2101, 02 & 03 targeted the NorthSouth Contact Mineralized Gold Trend. This mineralized trend is a "Structural Intersection" between the east west AJ Mineralized trend and a north south Contact zone between listwanite and a granodiorite intrusive. At surface lies a series of trenches known as the `J34 Trench Area' where 2003 trench sampling returned numerous high grade gold values with assays up to 39 g/t Au. The remaining 5 drill holes (AJ2104 to 09) targeted the western portion of the EastWest AJ Mineralized Gold Trend. This mineralized trend includes the two past producing Athelstan and Jackpot gold mines which collectively produced 7,000 ozs Au & 9,000 ozs Ag (Minfile 082ESE047). The two mines and at least 9 known gold mineralized zones extending over an approximate area of 240 by 1,000 metres are associated with listwanite, a key ultramafic rock alteration directly associated with several multimillion ounce gold deposits in Atlin, Bralorne and Barkerville (British Columbia), as well as the Motherlode District in California. Elevated gold values were returned from both narrow intervals of massive sulfides, such as were mined historically on the property, as well as from broader zones of silicification and phyllic alteration within intrusive host rocks. The latter is a new style of mineralization on the property, validates the company's model of testing IP anomalies. Annonce • Mar 05
Belmont Resources Completes Drilling At A-J Gold Project Belmont Resources Inc. reported that its initial diamond drill program at the A-J Gold Project in the Greenwood mining camp of southern British Columbia, has been completed. A total of 2,061 metres of NQ core drilling were completed with nine holes to test IP targets beneath the Contact and A-J gold trends. Drill core is currently being logged and samples are being sent to ALS Laboratories. The results will be reported once the assays are received, compiled, and interpreted. The Athelstan Jackpot (AJ) property is situated in the Greenwood mining camp of southern British Columbia. At A-J the former Athelstan and Jackpot gold mines (7,600 ozs Au & 9,000 oz Ag) (Minfile 082ESE047) along with historic high grade gold pit, trenches and mine dump sampling results, are associated with listwanite, a key ultramafic rock alteration directly associated with several multi-million ounce gold deposits in British Columbia, Atlin, Bralorne and Barkerville as well as the Motherlode District in California. An important 1 km long by 200 m wide zone of listwanite, which hosts all of the known zones of gold mineralization on the property including the Athelstan and Jackpot gold mines, is defined by a strong resistivity anomaly. The resistivity high anomaly is interpreted as representing silica altered rock which includes quartz veining and listwanite. A recent geophysical survey identified a large coincident chargeability-resistivity anomaly 130m beneath the 1km zone at surface which was the target of the drill program. Annonce • Feb 28
Pan Andean Minerals Ltd. Enters into Non-Binding Letter of Intent Agreement with Belmont Resources Inc Pan Andean Minerals Ltd. announced it has entered into a non-binding Letter of Intent ("LOI") agreement with Belmont Resources Inc. ("BEA" or "Belmont") to acquire a 25% interest in the A Block of the Kibby Basin Lithium Project (the "Kibby Lithium Property"). Annonce • Feb 24
Belmont Resources Inc. to Provide an Update on Diamond Drill Program on the A-J Property Near Grand Forks Belmont Resources Inc. to provide an update on the company's diamond drill program on the A-J Property near Grand Forks. Six holes have been completed thus far and the seventh hole is underway. To date, 1,530 m of the planned 2,000 m drill program has been completed. Drilling has intersected multiple zones of silicification and sulfide mineralization within feldspar porphyry intrusive and listwanite. The strongest zones of alteration and mineralization seen in drill core have consistently been localized at contact zones between these two rock types. A noteworthy intercept is a broad zone of silicification and sulfide mineralization in hole AJ21-05, from 152.5 - 185.3 m, straddling the contact between feldspar porphyry intrusive above and listwanite below. This >30 m interval contains disseminated pyrite throughout, with numerous zones of silicification, bleaching, argillic alteration, brecciation, multi-stage quartz-carbonate veining and local zones with up to 10% pyrite. Annonce • Feb 18
Belmont Updates on Athelstan-Jackpot Gold Drill Program Belmont Resources Ltd. announced that its 2,000 meter drill program at its 100% owned Althelstan-Jackpot (A-J) gold project is well underway. To date, 3 drill holes have been completed with a fourth hole in progress totaling approximately 900m drilled. Drilling is on-going on 24 hour, 7 days a week basis. The core is currently being logged and cut with samples being prepped for shipment to ALS Laboratories in North Vancouver. Drilling to-date has intersected strong silicification with disseminated sulfide mineralization, as well as discrete zones of massive sulfides, which validate the geophysical results. Historic drilling on the A-J property totals 1517 m in 22 holes drilled between 1987-1991. These holes were primarily very shallow holes (15 were less than 50 m in length) and did not reach the depths of the geological and geophysical targets that Belmont is testing with the current drill program. Drilling is focusing on two primary gold trends the North-South Contact and the East-West A-J mineralized gold trends. This trend is associated with a strong magnetic low signature which extends to depth. Listwanite on the property has a magnetic low signature as a result of the destruction of magnetite during the alteration process, making this a compelling drill target. Listwanite-hosted gold-bearing massive sulfide mineralization occurs at the A Zone and J-34 zone, 50 m east of a granodiorite intrusive contact which is interpreted to underlie the shallow north-dipping band of listwanite that hosts the near surface mineralization in this area. Annonce • Feb 09
Belmont Resources Inc. announced that it has received CAD 0.60774 million in funding On February 8, 2021, Belmont Resources Inc. (TSXV:BEA) closed the transaction. The company issued 1,672,000 units for gross proceeds of up to CAD117,040 in it in final tranche. The raised CAD 607,740 in the transaction. The round was over subscribed. The warrants will be subject to accelerated conversion within 30 days of the company disseminating a press release providing notice of same in the event the company's shares close at over CAD 0.15 per share for 10 consecutive trading days. The TSX Venture Exchange conditionally accepted the transaction with respect to the tranche. Annonce • Feb 05
Belmont Resources Ltd. Starts Drilling on 100% Owned Athelstan-Jackpot Gold Project in Greenwood Mining Camp of Southern British Columbia Belmont Resources Ltd. announced that it has started drilling on the 100% owned Athelstan-Jackpot (A-J) gold project in Greenwood Mining Camp of southern British Columbia. The 2,000 metre drill program is targeting potential causative sources of gold beneath two past producing gold mines. This mineralized trend includes the two past producing Athelstan and Jackpot gold mines which collectively produced 7,000 ozs Au & 9,000 ozs Ag (Minfile 082ESE047). The two mines and at least 9 known gold mineralized zones extending over an approximate area of 240 by 1,000 metres are associated with listwanite a key ultramafic rock alteration directly associated with several multi-million ounce gold deposits in Atlin, Bralorne and Barkerville (British Columbia), as well as the Motherlode District in California. Drilling is targeting a large chargeability anomaly (>30 millisecond) 150m beneath the two past producing gold mines. The anomaly is interpreted to reflect a large zone of high-sulfide content with potential gold content and may be possible causative source(s) of extensive gold mineralization at surface including the two historic gold mines. This mineralized trend is a “Structural Intersection” between the east west A-J Mineralized trend and a north south Contact zone between listwanite and a granodiorite intrusive. This trend is associated with a strong magnetic low signature which extends to depth. Listwanite on the property has a magnetic low signature as a result of the destruction of magnetite during the alteration process, making this a compelling drill target. Annonce • Jan 22
Belmont Resources Mobilizing Crews for Upcoming Drill Program At Athelstan-Jackpot Gold Project Belmont Resources Ltd. announced drill crews are now preparing to mobilize and commence drilling on the Athlestan Jackpot (A-J) gold project February 1, 2021. Belmont plans to complete 2,000 metres of drilling targeting potential causative sources of gold beneath two past producing gold mines. This mineralized trend includes the two past producing Athelstan and Jackpot gold mines which collectively produced 7,000 ozs Au & 9,000 ozs Ag (Minfile 082ESE047). The two mines and at least 9 known gold mineralized zones extending over an approximate area of 240 by 1,000 metres are associated with listwanite a key ultramafic rock alteration directly associated with several multi-million ounce gold deposits in Atlin, Bralorne and Barkerville (British Columbia), as well as the Motherlode District in California. Drilling will target a large chargeability anomaly (>30 millisecond) 150m beneath the two past producing gold mines. The anomaly is interpreted to reflect a large zone of high-sulfide content with potential gold content and may be possible causative source(s) of extensive gold mineralization at surface including the two historic gold mines. This mineralized trend is a "Structural Intersection" between the east west A-J Mineralized trend and a north south Contact zone between listwanite and a granodiorite intrusive. This trend is associated with a strong magnetic low signature which extends to depth. Listwanite on the property has a magnetic low signature as a result of the destruction of magnetite during the alteration process, making this a compelling drill target.
Listwanite-hosted gold-bearing massive sulfide mineralization occurs at the A Zone and J-34 zone, 50 m east of a granodiorite intrusive contact which is interpreted to underlie the shallow north-dipping band of listwanite that hosts the near surface mineralization in this area. Annonce • Jan 13
Belmont Resources Ltd. Announces Signing of Drilling Contract for the Athelstan Jackpot (A-J) Gold Project in the Greenwood Mining Camp of Southern British Columbia Belmont Resources Ltd. announced signing of a drilling contract for the Athelstan Jackpot (A-J) gold project in the Greenwood mining camp of southern British Columbia, with commencement scheduled February 2021. The drilling program will be the first undertaken by Belmont at the project and represents a significant milestone for the Company following closing of a recent financing. Drilling will be completed by Hardrock Diamond Drilling Ltd. based in Penticton, B.C. The contracted program is for 2,000m in up to eight holes, with an opportunity to expand the program based on positive results. The A-J property has two past producing gold mines which collectively produced 7,600 ozs Au & 9,000 ozs Ag (Minfile 082ESE047). The A-J Group was one of the most productive gold mines in the Greenwood mining district of southern British Columbia. A series of exploration programs carried out in 2020 consisting of LIDAR, 3DIP and airborne magnetics have delineated strong coincident anomalies only 150 meters below the two former gold mines which may be possible causative source(s) of extensive gold mineralization at surface including the two gold mines themselves. Historic diamond drilling on the A-J property (1981, 1987, 1991) were primarily very shallow holes and these anomalies remain untested. Annonce • Dec 17
Belmont Resources Inc. announced that it expects to receive CAD 0.555 million in funding Belmont Resources Inc. (TSXV:BEA) announced a private placement of 1,500,000 non flow-through units at a price of CAD 0.07 per share and 5,625,000 flow-through units at a price of CAD 0.08 per share, for aggregate gross proceeds of CAD 555,000 on December 15, 2020. Each non flow-through unit will comprise of one common share and one transferable share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional share at a price of CAD 0.10 per share for a period of 2 years from the closing of the transaction. Each flow-through unit will consist of one flow-through common share and one non flow-through purchase warrant. Each non flow-through warrant will entitle the holder thereof to purchase one additional share at a price of CAD 0.12 per share for a period of 2 years from the closing of the transaction. All securities in the transaction are subject to a statutory hold period expiring four months and one day from issuance. The closing of the transaction and issuance of the securities is subject to regulatory approval, including approval of TSX Venture Exchange. The company may pay finder's fee of up to 8% in cash and may issue non-transferable warrants equivalent to 8%. Annonce • Nov 21
Belmont Resources Inc. Announces 3DIP Survey Identifies Strong Chargeability-Resistivity Anomalies Beneath Athelstan and Jackpot Gold Mines Belmont Resources Ltd. announced that results from the recently completed Volterra 3D-IP survey on the company's A-J gold property have been received and interpreted. These results have identified several strong anomalies that are slated for drill testing. During 2020, the company acquired the A-J project, compiled historic data, and carried out systematic exploration to advance the project to its current drill-ready stage. A Lidar survey was flown, as well as a drone-based magnetic survey, before conducting the recent 3DIP survey. The IP survey consisted of 100 m spaced lines ranging from 600 900 m in length which straddled the zones of known mineralization on the property. The results from detailed geological mapping on the property and the recently completed drone magnetic survey and Lidar data have been used to interpret the 3DIP results and to identify and prioritize targets for drilling in late 2020 or early 2021. The important 1 km long by 200 m wide zone of listwanite, which hosts all of the known zones of gold mineralization on the property, is defined by a strong resistivity anomaly. The resistivity high anomaly is interpreted as representing silica altered rock which includes quartz veining and listwanite. The resistivity anomaly is underlain at depth by a strong chargeability anomaly, measuring 800 x 1000 m and lies approximately 300m below the A-J mineralized trend and Athelstan and Jackpot mines which collectively produced 7,000 ozs Au & 9,000 ozs Ag (Minfile 082ESE047). The A-J Mine Group was one of the most productive gold mines in the area. On surface, disseminated sulfides occur within dykes and tongues of altered porphyritic intrusive that both cut and underlie the north-dipping band of listwanite. The large chargeability anomaly may reflect important mineralization within a large intrusive body and could be the causative source of mineralization at surface. Annonce • Nov 13
Belmont Receives DIP Survey Results on A-J Lode Gold Project Belmont Resources Inc. to report that it has received results from SJ Geophysic's 3DIP survey on the Athelstan-Jackpot (A-J) gold project in the prolific Greenwood mining district of southern British Columbia. The 3DIP data is currently being reviewed by Belmont's consulting geophysicist Sergio Espenoza, PhD. along with consulting geologist Linda Caron, M.Sc., P.Eng. The IP results are being correlated with detailed geological mapping on the property and the recently completed drone magnetic survey and will identify and prioritize drill targets. Belmont is currently awaiting approval of a 5 year work program permit application which will enable it to proceed with drilling scheduled for year-end or early 2021. East-West A-J Mineralized Gold Trend: This mineralized trend includes the two past producing Athelstan and Jackpot gold mines which collectively produced 7,000 ozs Au & 9,000 ozs Ag (Minfile 082ESE047). The two mines and at least 9 known gold mineralized zones extending over an approximate area of 240 by 1,000 metres are associated with listwanite. The A-J Group was one of the most productive gold mines in the area. North-South Contact Mineralized Gold Trend Listwanite-hosted gold-bearing massive sulfide mineralization occurs at the J-34 zone, 50 m east of a granodiorite intrusive contact which is interpreted to underlie the shallow north-dipping band of listwanite that hosts the near surface mineralization in this area. In 2003, trenching was completed at the J-34 zone by a previous operator, with historic chip samples returning grades of 6.6 g/t Au over a 3.7 m true thickness in one area, and 1.9 g/t Au over 6.8 m true thickness in a second area. Annonce • Nov 08
Belmont Resources Completes 3DIP Survey on A-J Lode Gold Project, Greenwood Mining Camp, Southern British Columbia Belmont Resources Ltd. reported that it has been informed by SJ Geophysics that they have now completed their Volterra 3DIP survey on the Athelstan- Jackpot (A-J) gold project in Southern British Columbia. The results of the 3DIP survey will be correlated with the results from the recent LIDAR and Airborne magnetic surveys as well as extensive geological mapping to delineate quality drill targets. Belmont is currently awaiting approval of a 5 year work program permit which will enable it to proceed with drilling once the drill targets are defined. Known gold mineralization on the property is primarily hosted within listwanite which has been emplaced along deep-seated low-angle north-dipping faults. These deep faults, along with later, steep fault zones, provide pathways for later intrusive emplacement and for mineralizing fluids. The distribution of the two mines as well as the historic exploration pits and a recent airborne magnetic survey, indicates two separate trends of mineralization, intersecting near the J-34 zone and near the easternmost surface expression of a granodiorite intrusive. This mineralized trend includes the two past producing Athelstan and Jackpot gold mines which collectively produced 7,000 ozs Au & 9,000 ozs Ag (Minfile 082ESE047). The two mines and at least 9 known gold mineralized zones extending over an approximate area of 240 by 1,000 metres are associated with listwanite. The A-J Group was one of the most productive gold mines in the area. Listwanite-hosted gold-bearing massive sulfide mineralization occurs at the J-34 zone, 50 m east of a granodiorite intrusive contact which is interpreted to underlie the shallow north-dipping band of listwanite that hosts the near surface mineralization in this area. In 2003, trenching was completed at the J-34 zone by a previous operator, with historic chip samples returning grades of 6.6 g/t Au over a 3.7 m true thickness in one area, and 1.9 g/t Au over 6.8 m true thickness in a second area. High-grade, coarse native lode gold in the North American Cordillera is characteristically found in quartz veins hosted by listwanite-altered, igneous ophiolitic crustal rocks in proximity to listwanite-altered ultramafic rocks. Listwanite is directly associated with several multi-million ounce gold deposits in Atlin, Bralorne and Barkerville districts of British Columbia as well as the Motherlode District in California. Gold quartz-veins in the Rossland camp, which is the 2nd largest lode gold producer in B.C and situated 50 kilometers to the east of the A-J property, are associated with listwanite altered ultramafic rocks. Annonce • Oct 17
Belmont Resources Ltd. Announces Completion of Belmont High Resolution Magnetic Survey Belmont Resources Ltd. announced that the high resolution UAV (unmanned airborne vehicle) magnetic survey on the company's Come By Chance property in the historic Greenwood Mining Camp has been completed. The 5.3 square km survey was flown by Pioneer Exploration Consultants Ltd. The results of the magnetic survey have advanced the exploration of the CBC Property to specific locations for the next stage of exploration to ultimately locate the porphyry copper-gold intrusive by diamond drilling. The Come by Chance (CBC) Property covers an area of approximately 527 hectares and has a history of mineral exploration dating from the late 1890's which is evident in the many pits, shafts, and adits which were developed in the search for a Phoenix type copper/gold skarn mineral deposit. Although the Phoenix mineral resource was the major producer, some of the smaller mines were productive from a number of different types of deposits. From 1900 to 1975 production from these 26 principal mines was, in addition to a significant amount of lead, silver, and zinc, 580 Mlbs. of copper and 1.4 Moz. of gold (Church, 1986). The CBC Property located three kilometres to the southeast of the Phoenix deposits on a comparative geological trend and basically the same geology, hosts skarn. epithermal, and massive sulphide mineralization; typical mineralization associated with deep-seated copper/gold porphyry deposits. Skarn mineralization with elevated copper values occurs in many locations, with epithermal zones of alteration and quartz veining intersected by a diamond-drill hole situated near the major Eagle Mountain Fault in the southwest. Belmont's detailed, low-level magnetic survey of the CBC property has provided a greater indication of the volcanic caldera that was initially indicated by the recently completed Lidar survey. The indicated caldera is supported by a one kilometre diameter magnetic low within a sequence of Triassic Brooklyn Formation sedimentary and hornfelsed rocks which are bounded by the northwesterly trending Eagle Mountain Fault to the southwest and a sequence of greenstones, fragmentals, and microdiorite to the northeast. The magnetic survey also revealed cross-structural locations formulated by major structures. The significance of the cross-structures is primarily that these locations would be prime locations for hydrothermal breccia zones in revealing heterolithic fragments or indicator chemical elements transported from the mineralized deep-seated intrusive porphyritic intrusive responsible for the caldera, the skarns, and other types of mineral deposits. Annonce • Oct 15
Belmont Resources Inc. announced that it expects to receive CAD 0.12 million in funding Belmont Resources Inc. (TSXV:BEA) announced a non-brokered private placement of 1,000,000 units at a price of CAD 0.12 per unit for gross proceeds of up to CAD 120,000 on October 13, 2020. Each unit will comprise of one common share and one transferable share purchase warrant. Each whole common share purchase warrant will entitle the holder thereof to purchase one additional share at a price of CAD 0.15 per share for a period of 2 years from the closing of the transaction. All securities in the transaction are subject to a statutory hold period expiring four months and one day from issuance. The closing of the transaction and issuance of the securities is subject to TSX Venture Exchange approval. Annonce • Oct 04
Belmont Resources Inc. Receives Results from A-J Property in the Greenwood Mining Camp in Southern B.C Belmont Resources Ltd. has now received the results of the recently completed drone-based magnetic survey over the company's A-J property in the Greenwood Mining Camp in Southern B.C. The Greenwood Mining Camp is well known for historic gold and copper production. The majority of this historic production was from the Phoenix deposit, 4 km to the northwest of the A-J property, from which over 520 million pounds of copper and 910,000 ounces of gold was produced. The AJ property contains two past producing gold mines Athelstan & Jackpot which produced 7,600 ozs Au & 9,000 ozs Ag (Minfile 082ESE047). The two mines and at least 9 known gold mineralized zones extending over an approximate area of 240 by 1,000 metres are associated with listwanite rock. Listwanite, a key ultramafic rock alteration is directly associated with several multi-million ounce gold deposits in British Columbia, Atlin, Bralorne and Barkerville as well as the Motherlode District in California. Belmont's detailed, low-level magnetic survey of the A-J property comprised 95 line km, with magnetic data collected on 25 m spaced, north-south trending lines. The mag survey, combined with the company's recent Lidar survey and with historic exploration data from the property, has identified a number of priority targets for follow-up work. The mag survey supports the presence of 2 prominent northwest trending faults (the Jackpot and Oro faults from prior geological mapping). It also delineates the west-northwest trending zone of listwanite between these 2 faults. Listwanite is identified as a magnetic low signature as a result of the destruction of magnetite during the alteration process. Known near-surface mineralization on the property is primarily hosted within this band of listwanite which has been emplaced along deep-seated low-angle north-dipping faults. These deep faults, along with the later, steep Jackpot and Oro fault zones, provide pathways for later intrusive emplacement and for mineralizing fluids. One priority target that has resulted from Belmont's recent surveys is located at depth below the J-34 and A zones. The target area is located along a tributary to Skeff Creek, a well-known placer gold creek. In 2002 and 2003, trenching was completed at the J-34 and A zones by a previous operator. A Zone: At the A zone, 2002 historic chip samples returned 35.2 g/t Au over a 3 m true thickness in one trench and 26.2 g/t Au over a 2.5 m true thickness in a second section. 1986 historic chip sampling at the A zone returned grades from 0.75 g/t Au to 19.97 g/t Au. J34 Zone: Two hundred metres to the northwest at the J-34 zone, historic chip samples returned grades of 6.6 g/t Au over a 3.7 m true thickness in one area, and 1.9 g/t Au over 6.8 m true thickness in a second area. 1986 historic chip sampling in this zone returned grades of 17.75 g/t Au, 19.28 g/t Au and 23.97 g/t Au. The target area is untested by any previous drilling on the property. Intrusive rocks are interpreted to underlie the shallow north-dipping band of listwanite that hosts the near surface mineralization in this area. Annonce • Sep 24
Belmont Resources Inc. LIDAR Survey on AJ Gold Project Greenwood Mining District, B.C Belmont Resources Ltd. reported that the helicopter-borne Lidar survey on the company's A-J property in the historic Greenwood Mining Camp has been completed. The 5.3 square km survey was flown by Pioneer Exploration Consultants Ltd., with point cloud data acquired at a density of 20 points per square metre. The AJ property contains two past producing gold mines Athelstan &Jackpot which produced 7,600 ozs Au &9,000 ozs Ag. A-J Property LIDAR Survey: Lidar is an effective, low cost method of accurately mapping the bare-earth surface (i.e. the ground surface as it would appear stripped free of vegetation) and showing centimetre-scale variations in surface elevation. It has many uses in geological exploration, including identifying the location and distribution of historic pits and other areas of disturbance which can then be ground-truthed. Lidar bare-earth data can also reveal linear topographic low features. These may coincide with the surface trace of fault zones that are important controls to mineralization. LIDAR Survey Highlighting Jackpot Fault: The recently completed A-J Lidar survey identified over 100 historic exploration pits, trenches and other workings on the property, many of which were unknown from more recent work on the property. Known mineralization on the property is primarily hosted within listwanite which has been emplaced along deep-seated low-angle north-dipping faults. These deep faults, along with later, steep fault zones, provide pathways for later intrusive emplacement and for mineralizing fluids. The distribution of the historic exploration pits indicates separate trends of mineralization, intersecting near the J-34 zone and near the easternmost surface expression of a granodiorite intrusive. J34 Zone Geology: Listwanite-hosted gold-bearing massive sulfide mineralization occurs at the J-34 zone, 50 m east of the intrusive contact. In 2003, trenching was completed at the J-34 zone by a previous operator, with historic chip samples returning grades of 6.6 g/t Au over a 3.7 m true thickness in one area, and 1.9 g/t Au over 6.8 m true thickness in a second area.1 The J-34 zone is a gently north dipping zone and is interpreted to be underlain by the intrusive that is exposed a short distance west. It is untested at depth by any drilling. Belmont expects to receive the results of the drone-based magnetic survey which has been completed over the property shortly, and anticipates that the Lidar and magnetic data, combined with historic exploration data, will define targets for follow-up work, including drilling. A multi-year area-based exploration permit application has been submitted to the Ministry of Energy and Mines to cover this next phase of work on the property. Annonce • Aug 26
Belmont Resources Inc. announced that it has received CAD 0.688125 million in funding from Palisades Goldcorp Ltd. and other investors Belmont Resources Inc. (TSXV:BEA) announced a non-brokered private placement of 9,175,000 units at a price of CAD 0.075 per unit for gross proceeds of CAD 688,125 led by Palisades Goldcorp Ltd. on August 25, 2020. The transaction also included participation from insiders of the company for 200,000 units. Each unit will be comprised of one common share and one transferable warrant. Each whole warrant will permit the holder to acquire one additional common share at a price of CAD 0.10 for 3 years from closing. The round was oversubscribed. The company has paid a finder's fees of CAD 26,850 and issued 358,000 finder's warrants. Each finder's warrant is exercisable to acquire one common share at CAD 0.10 for three years from closing. The company has received conditional approval for CAD 500,000 and will now apply to the TSX Venture Exchange. All securities issued in the transaction are subject to a statutory hold period expiring four- months and one day from issuance. Annonce • Aug 07
Belmont Resources Inc. (TSXV:BEA) completed the acquisition of 253.34 hectares of mineral claims located in southern British Columbia from David Heyman & Clive Brookes Belmont Resources Inc. (TSXV:BEA) agreed to acquire 253.34 hectares of mineral claims located in southern British Columbia from David Heyman & Clive Brookes for CAD 0.13 million on March 27, 2019. Under the terms of the agreement, Belmont Resources will pay to the vendors CAD 0.025 upon signing of the agreement; issue to the vendors 625,000 shares and 625,000 warrants on the approval date; 125,000 shares and 125,000 warrants on the one year anniversary of the agreement date and 1.5% Net Smelter Return Royalty ("NSR"). The transferable warrants are exercisable at a price of CAD 0.10 per share for a period of two years from the approval date. Belmont Resources may acquire one-half of the NSR for CAD 1 million upon commencement of commercial production on the property. The transaction is subject to approval by the TSX Venture Exchange. As of November 14, 2019, the TSX Venture Exchange has accepted for filing documentation in connection with the acquisition. The warrants are subject to an accelerated exercise provision in the event the weighted average price. The claims (1.5% NSR) are subject to further Exchange review and acceptance. Annonce • Jul 08
Belmont Resources Inc. announced that it has received CAD 0.025 million in funding On July 6, 2020, Belmont Resources Inc. (TSXV:BEA) closed the transaction. All securities issued in the transaction, and the shares that may be issued on the exercise of the warrants, are subject to a statutory hold period expiring on November 7, 2020. The transaction has been approved by the TSX Venture Exchange. Annonce • Jun 18
Belmont Resources Inc. announced that it expects to receive CAD 0.025 million in funding Belmont Resources Inc. (TSXV:BEA) announced a non brokered private placement of 500,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 25,000 on June 17, 2020. Each unit will comprise of one common share and one transferable share purchase warrant. Each whole warrant will permit the holder to acquire one additional common share of the company at a price of CAD 0.08 for one year from closing. The term of the warrants may be accelerated in the event that the issuer's shares
trade at or above a price of CAD 0.15 per share for a period of 10 consecutive days. In such case of accelerated warrants, the issuer may give notice, in writing or by way of news release, to the subscribers that the warrants will expire 30 days from the date of providing such notice. All securities issued under this private placement, and the shares that may be issuable on the exercise of the warrants, are subject to a statutory hold period expiring four months and one day from issuance. The closing of the transaction is subject to TSX Venture Exchange approval. 
