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Belmont Resources Inc V.BEA

Alternate Symbol(s):  BELMF

Belmont Resources Inc. is a Canada-based company. The Company is engaged in operating 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), Crackingstone Uranium, Come By Chance (CBC), Lone Star Copper-Gold, and Kibby Basin Lithium. The A-J is the Company’s two former gold mines. Athelstan gold mine area drilling indicates a peripheral alteration zone to a potential deep-seated copper-gold porphyry. The Crackingstone Uranium is a high-grade uranium property situated in the prolific Beaverlodge Uranium District of the Athabasca basin. The Project covers four kilometers of the Black Bay Shear Zone, a northeast trending magnetic low corridor which hosts four past producing mines. CBC offers a potential large copper-gold porphyry. The Kibby Basin Lithium project is located 60 kilometers north of the lithium-rich Clayton Valley Basin.


TSXV:BEA - Post by User

Bullboard Posts
Post by edm1996on Jan 31, 2018 10:08pm
127 Views
Post# 27476219

re interesting insider transactions

re interesting insider transactionsThe company drilled  shallow test holes, in kibby basin in summer found that the conditions are simalar to clayton valley and that lithium is present!!. Also at same time there was an ongoing dispute in world trade court which was not settled.
        The mater was deemed not tnere jurisdition, this would later be found not the case and matter is still pending. The hopes of winning would have brought in a large cash settlement to persue drillinglast year . 60 mill i beleive was amount of lawsuit.
 
     After the world court original decision finaces were tight and  the company borrowed money to secure all claims another year.  From Aug-Nov a cooling off period  a new plan to continue drilling emerged with a private placement in november i beleive.  This would explain the insider buying as they are financing the mt survey and  strongly beleive in this prodject.  Results should come soon with the help of satalite data and Mt- survey ,  they should have a good location to drill for brine.  News by March .  as the Mt survey wraps up this week and a 3d model will need to be formed.
Bullboard Posts