Belmont Resources Inc. is pleased to provide an update on its preparation for its upcoming drill program. Option/JV Belmont recently signed an option/JV agreement with Marquee Resources whereby Marquee agrees to commit the following: $504,000 cash payments - $2,550,000 Work Program - 3,000,000 MQR Shares - Produce a Preliminary Economic Assessment on the project - Over a 24 month term - For 80% ownership of the Lone Star [...]
Belmont Resources Inc. is pleased to announce the appointment of Mr. Geoffrey D.G. Peretz to the Company's Board of Directors. Mr. Peretz is a senior Investment Industry professional with over thirty-five years of market related experience. Through his Private Equity/Investment Banking firm, Camelot Capital Corporation, he has founded, co-founded or been an angel investor in some of Canada's most successful start-ups. A [...]
Belmont Resources Inc. , , ; is pleased to announce that it has entered into option agreements with respect to its Lone Star Copper Gold Project in Washington State and its Kibby Basin Lithium Project in Nevada with Marquee Resources Ltd. . Under the two Option Agreements, Marque will make cash payments totaling $C604,000 to Belmont, spend $C5,050,000 in exploration expenditures on the two projects and issue to Belmont [...]
Belmont Resources Inc. announces that it has granted incentive stock options, pursuant to its stock option plan, for a total of 1,400,000 common shares of the Company, to certain directors, officers, employees and consultants of the Company. The Options, subject to the terms of the Plan and the corresponding option agreements, are exercisable at a price of CAD $0.10 per share for a period of up to 5 years. The Company's [...]
Belmont Resources Inc. Further to our earlier news release the Company amends the news release as follows. It is pleased to report that pursuant to the Company's early Warrant Exercise Incentive Program as announced on September 10, 2021, certain warrant holders have exercised a total of 2,600,000 warrants for total gross proceeds to the Company of $130,000. The Company will issue 2,600,000 common shares through the [...]
Belmont Resources Inc. is please to report that pursuant to the Company's early Warrant Exercise Incentive Program as announced on September 10, 2021, certain warrant holders have exercised a total of 2,100,000 warrants for total gross proceeds to the Company of $105,000 The Company will issue 2,100,000 common shares through the exercise of the original warrants and issue 2,100,000 incentive warrants. Each incentive [...]
Belmont Resources Inc. is pleased to welcome Mr. James Ebisch, P.Geo to the Belmont team as a consulting geologist. James is a resident of Washington State and will be supervising exploration programs on the Lone Star project and in particular the upcoming Lone Star drill program. James is very familiar with the Lone Star having published several technical reports on the project. - Ebisch, J.F., 1990: Geology and [...]
Belmont Resources Inc. is pleased to announce that after a delay due to extreme wild fire conditions the company is resuming its exploration program on its wholly owned Come By Chance gold-copper project, near Grand Forks in southern British Columbia. Click Image To View Full Size CBC 2020 Magnetic Survey 1. Rock Sampling: Property Examination by Graeme Evans, P.Geo, June 2005 on behalf of Teck Cominco Samples processed [...]
Belmont Resources Inc. is pleased to announce that it has received conditional approval from the TSX Venture Exchange for an incentive program to encourage the early exercise of the 5,780,500 outstanding private placement warrants priced at $0.05 cents expiring March 31, 2022 and April 28, 2022 . If all of the Original Warrants are exercised under the Incentive Program, the Company will receive aggregate gross proceeds of [...]
Belmont Resources Inc. announces that it intends to apply for approval of a warrant exercise incentive program with the TSXV. As announced on March 31, 2020 and April 28, 2020, the Company completed private placement offerings of 6,655,500 Units at $0.03. Each Unit was comprised of one common share and one share purchase warrant for two years at $0.05 from the date of issuance . The Company has 5,780,500 outstanding [...]
Belmont Resources Inc. , has entered into an Option Agreement with Highrock Resources Ltd., for it 100% owned Pathfinder gold-silver project in the Greenwood Mining District, southeastern, British Columbia, Canada. Terms of the Agreement Under the terms of the option agreement, Highrock will earn a 75-per-cent interest in the property upon completion of the following: - Cash payments totaling $15,000 consisting of: $5,000 [...]
Belmont Resources Inc. , (or the "Company is pleased to provide 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: 1. Adding additional resources to the current historical resource. 2. Moving a component of inferred resource to measured resource in [...]