Belmont Resources Inc.

Vancouver, British Columbia - Belmont Resources Inc. ; . Kibby Basin Drilling update: Harris Drilling has reached a depth of 1798 feet into the playa sediments in hole KB-3, the first hole of the 2018 drilling program at Kibby Basin. The first section of the hole was drilled to a depth of 1270 feet using a mud rotary method, and the remaining 528 feet was completed with a diamond core tail.  126 samples of drill cuttings [...]

Vancouver, British Columbia - Belmont Resources Inc. ; . Belmont has entered into a one year Consulting Agreement with Zimtu Capital Corp. .  Zimtu administers a cooperative marketing opportunity generation program, including the provision of limited strategic services, on a cost-sharing basis. Other Services to be rendered include:   Providing opportunities, guidance, cost savings and assistance covering multiple aspects [...]

Vancouver, British Columbia - Belmont Resources Inc. ; . Kibby Basin Drilling: Harris Exploration Drilling and Associates Inc. , commenced drilling on the Kibby property. Harris Drilling has extensive experience drilling in the Clayton Valley lithium brines, in recovering core in unconsolidated lakebed sediments, and in lithium brine testing. The first hole was selected based on the results from the Quantec MT geophysical [...]

Vancouver, British Columbia - Belmont Resources Inc. ; . Kibby Basin Drilling: Belmont has engaged Harris Exploration Drilling and Associates Inc. , a California company, to mobilize equipment and to commence drilling on the Kibby property with an anticipated start date of July 28, 2018.  Harris Drilling has extensive experience drilling in the Clayton Valley lithium brines, in recovering core in unconsolidated lakebed [...]

Belmont Resources Inc. Financing: Further to the TSX Venture Exchange Bulletin and the Company’s press release dated July 13, 2018, the Company advises that it has now issued 7.5 million units at a price of $0.05 per Unit for gross proceeds of $375,000.  Each Unit consists of one common share of the Company and one transferable share purchase warrant .  Each whole Warrant will permit the holder to acquire one additional [...]

Vancouver, British Columbia - Belmont Resources Inc. ; . The Annual General Meeting of Belmont Resources Inc. was held on July 13, 2018.  At the meeting the shareholders re-elected Vojtech Agyagos, Gary Musil, Roger Agyagos, and newly elected James H. Place for the upcoming year. Dusan Berka did not stand for re-election. The scrutineer reported that there were a total of 12 shareholders holding 5,335,218 common shares [...]

Vancouver, British Columbia - Belmont Resources Inc. ; . Further to the Company news release earlier today, Belmont Resources Inc., has arranged additional non-brokered private placement subscriptions for 3,500,000 units of Belmont at a price of $0.05 per Unit for gross proceeds of $175,000. This financing is in addition to the 4,000,000 units subscribed by MGX Minerals Inc. for a total 7,500,000 units.  Each Unit will [...]

Vancouver, British Columbia - Belmont Resources Inc. ; . Belmont Resources Inc., has entered into an Property Option Agreement with MGX Minerals Inc. , to acquire a initial 25% interest in the Kibby Basin, Nevada lithium property in return for exploration funding of up to $300,000 for drilling and testing the first deep hole in the anomaly indicated in the MT survey carried out in January, 2018 . MGX Minerals is a [...]

Vancouver, British Columbia - Belmont Resources Inc. ; . Options: Belmont Resources Inc. has granted a total of 1,925,000 stock options to directors, officers, and consultants of the Company, exercisable at 6 cents per share, for a three year term.  The options are granted pursuant to the Company’s stock option plan and applicable regulatory policy. About Belmont Resources Inc. Belmont is an emerging resource company [...]

Vancouver, British Columbia - Belmont Resources Inc. ; . Further to our news release of June 14, 2018 Belmont is pleased to announce receipt of the borehole drill permits for its proposed exploration drill holes on its Kibby Basin, Nevada property. Boreholes may be converted to ‘Exploration Wells’ for testing of lithium brine aquifers, upon successful completion of the holes. Bonding has been paid and accepted by the [...]