· Issued by Belmont Resources Inc. via TheNewswire
(TheNewswire)
September 25, 2023 –
TheNewswire -
Vancouver, B.C., Canada -
Belmont Resources Ltd. (“Belmont” or the “Company”)
(TSXV:BEA
)
;
(
FSE:L3L2) is pleased to announce the
appointment of a new director Mr. Patrick Brandl, Senior Partner of
bgm Partners with offices in Vienna Austria and Luzern,
Switzerland.
Patrick Brandl
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
buy-out, Patrick became the Senior Partner of bgm Partners Group, a
Switzerland and Austria-based 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.
About bgm Partners
bgm Partners, is a privately owned, globally active
Corporate Finance advisory firm. They provide tailor-made mid-cap and
large-cap Corporate Finance advisory services focused on M&A
("Mergers & Acquisitions"), general Corporate Finance
and Project Finance. bgm supports and advises enterprises as well as
wealthy individuals, family offices and investment companies in
executing strategically and financially critical transactions such as
divestitures, acquisitions and mergers as well as the raising of debt
and equity on private and public capital markets.
George Sookochoff, President &
CEO, commented:
We are delighted to welcome Patrick to our board. He
brings a valuable network within the financial circles of Europe and
Asia. Patrick and bgm Partners have successfully connected Belmont
with two strategic private investment holding companies: Commodities
and Resources Pte. Ltd of Singapore and ERAG Energie & Rohstoff AG
PCC of Liechtenstein, both of which participated in our recent
financing round. We eagerly anticipate Patrick and bgm Partners'
continued efforts to introduce Belmont and its portfolio of projects
to additional investment groups across Europe and Asia.
Stock Options
The Company announces that it has granted incentive
stock options (the “Options”), pursuant to its fixed stock option
plan for a total of 3,000,000 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 $0.05 per share for a
period of up to 5 years. The Company's Fixed Stock Option Plan allows
for the issuance of up to 10% of issued and outstanding share capital
in the form of incentive stock options.
The
options shall be legend with the required four months plus one day
hold period from issuance.
About Belmont Resources
Belmont Resources has assembled a portfolio of highly
prospective copper, gold, lithium, uranium and rare earths projects
located in British Columbia, Saskatchewan, Washington and Nevada
States. Its holdings include:
Athelstan-Jackpot (A-J):
2 former gold mines.
Planned 2,000m drilling to target
multi-coincident geophysical anomaly on strike with
neighboring gold trend and gold mines.
Crackingstone
Uranium-Rare Earths:
Some of the highest grade Rare Earth Elements (REE’s) are being
discovered in Northern Saskatchewan due to the presence of Uranium,
Thorium Pegmatites. Crackingstone project meets the criteria for
potentially discovering a large REE’s deposit with its high grade
uranium along with thorium and pegmatite. A review of 3,000m of 2008
drill data shows a 1.3km pegmatite dyke drilled but only assayed for
uranium at that time.
2023
plans are to re-assay pegmatite sections for REE’s ;
Come By Chance (CBC):
2021 geophysics delineated potential large copper-gold
porphyry
2022 drilling provided further vectors towards
potential core of porphyry;
The
Lone
Star
Copper-Gold:
optioned to Australian Marquee Resources ASX:MQR. MQR has
spent in excess of $2.5M in drilling, completed new resource in Dec.
2022, and is
currently
preparing a Preliminary Economic Assessment
in
order to earn 80% interest.
Click Image To View Full Size
The
Kibby
Basin Lithium
project located 60 kilometers
north of the lithium rich Clayton Valley Basin: Optioned 80% of the
central Kibby Playa claim block to Australian Marquee Resources - MQR.
MQR has spent in excess of $2.5M in drilling in 2022 for potential
deep seated lithium brine. 2022 Drilling confirmed high levels of
lithium-bearing sediments along with dissolved lithium in the
groundwater. Mineralized intervals containing up to 924 ppm lithium
with greater than 300 ppm lithium over thicknesses in excess of 450m
have been identified in core samples of clay-rich playa
sediments.
ON BEHALF OF THE BOARD OF DIRECTORS
“George
Sookochoff”
George Sookochoff, CEO/President
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as the term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy
of this news release.
This Press Release may contain forward-looking
statements that may involve a number of risks and uncertainties, based
on assumptions and judgments of management regarding future events or
results that may prove to be inaccurate as a result of exploration and
other risk factors beyond its control. Actual events or results
could differ materially from the Companies forward-looking statements
and expectations. These risks and uncertainties include, among other
things, that we may not be able to obtain regulatory approval; that we
may not be able to raise funds required, that conditions to closing
may not be fulfilled and we may not be able to organize and carry out
an exploration program in 2023, and other risks associated with being
a mineral exploration and development company. These forward-looking
statements are made as of the date of this news release and, except as
required by applicable laws, the Company assumes no obligation to
update these forward-looking statements, or to update the reasons why
actual results differed from those projected in the forward-looking
statements.
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