New 52 week high on the way by Morningstar Inc.Belmont Resources Inc BEA QQQ 20 Apr 2022, 22:45 UTC Economic Moat Uncertainty Price/Fair Value ESG Risk Rating Assessment1 Trailing Dividend Yield % Market Cap Investment Style Sector Industry None Extreme 0.6 — — 4.4880 Mil Small Value Basic Materials Other Industrial Metals & Mining 0.001 8 2 4 Fair ValueQoant 0.13 Last Close 0.08 Overvalued Fairly Valued Undervalued 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 YTD 1.67 0.79 0.55 0.76 1.06 0.95 0.54 0.42 0.58 0.39 0.58 -4.55 61.90 -70.59 -20.00 25.00 0.00 -10.00 -90.28 85.71 -23.08 50.00 -12.03 49.02 -80.81 -11.34 3.48 -9.20 -0.99 -112.86 79.93 -47.79 45.80 Performance Price/Fair Value Total Return % +/- Index Total Return % as of 20 Apr 2022. Last Close as of 20 Apr 2022. Fair Value as of 20 Apr 2022, 22:45 UTC. Index: Morningstar Canada GR CAD. 1 The ESG Risk Rating Assessment is a representation of Sustainalytics' ESG Risk Rating.There is no one analyst in which a Quantitative Fair Value Estimate and Quantitative Star Rating are attributed to; however, Mr. Lee Davidson, Head of Quantitative Research for Morningstar, Inc., is responsible for overseeing the methodology that supports the quantitative fair value. As an employee of Morningstar, Inc., Mr. Davidson is guided by Morningstar, Inc.’s Code of Ethics and Personal Securities Trading Policy in carrying out his responsibilities. For information regarding Conflicts of Interests,visit https://global.morningstar.com/equitydisclosures. Valuation as of 20 Apr 2022 Fair ValueQoant 0.13 UncertaintyQoant: Extreme Last Close 0.08 BEA is Under Valued at a 42% discount. Economic Moat None Financial Health Moderate 1-Star Price 0.40 5-Star Price 0.04 Contact 800 West Pender Street, Vancouver, BC V6C 2V6 +1 604 505-4061 gmusil@belmontresources.com https://www.belmontresources.com Financials as of 20 Apr 2022 (Fiscal Year End 31 Jan 2022) 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 YTD Fiscal 0 0 0 — — 0 0 0 0 0 — Revenue -264 -424 -314 -223 -269 -463 -651 -876 -615 -599 — Operating Income (K) — — — — — — — — — — 100 Operating Margin (%) -807 -630 -338 -989 -501 -613 -645 -1,407 -665 -611 — Net Income (K) -1.20 -0.16 -0.16 -0.56 -0.24 -0.16 -0.08 -0.14 -0.05 -0.02 -0.01 Diluted Earnings/Share -303 -410 -294 -160 -180 -469 -494 -797 -408 -538 — Operating Cash Flow (K) -87 -219 -15 -21 -4 -195 -369 -360 -164 -212 — Capital Spending (K) -391 -628 -309 -181 -184 -665 -863 -1,157 -572 -750 — Free Cash Flow (K) 0.68 1.66 1.81 1.85 2.27 3.84 6.11 9.75 14.18 30.90 46.31 Avg Shares Outstand(Mil) — — — — — — — — — — — Dividend Per Share Valuation as of 20 Apr 2022 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Current Calendar 1.67 0.79 0.55 0.76 1.06 0.95 0.54 0.42 0.58 0.39 0.58 Price/Fair Value — — — — — — — — — — — Price/Sales — — 5.00 — — — — — — — — Price/Earnings — — — — — — — — — — — Price/Cash Flow 0.88 2.19 0.75 4.42 10.12 10.74 3.66 0.50 1.67 1.21 2.10 Price/Book Operating Performance as of — (Fiscal Year End 31 Jan 2022) 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Q3 Fiscal (%) -50.23 -45.38 -27.34 -141 -261 -324 -111 -132 -49.48 -33.62 -6.65 Return on Assets -53.02 -46.32 -27.9 -155 -734 — -255 -184 -67.05 -43.61 -7.55 Return on Equity -53.02 -46.32 -27.9 -154 -734 — -187 -184 -60.32 -42.33 -7.55 Rtn on Invested Capital Business Description Belmont Resources Inc is a Canadian resources company which is engaged in the acquisition, exploration, and development of mineral resource properties in Canada and United States. The business activity of the company is the acquisition and exploration of lithium in Kibby Basin property in Nevada, USA. It also holds interests in the Pathfinder and other properties. Q