(TheNewswire)
September 25, 2023 – TheNewswire - Vancouver, B.C., Canada -Belmont Resources Ltd. (“Belmont” or the “Company”)(TSXV:BEA ) ; ( FSE:L3L2) is pleased to announce theappointment of a new director Mr. Patrick Brandl, Senior Partner ofbgm Partners with offices in Vienna Austria and Luzern,Switzerland.
Patrick Brandl
Patrick holds a master's degree in law and businessadministration. He began his career as a global commodity trader,quickly advancing to the Board of Directors, overseeing global exportand processing operations. He later became a Board Member and 40%shareholder in a Swiss trading firm, also assuming the role of CEO and40% owner of the Russia & Baltic States Subsidiary for a majorEuropean processing & retail company.
Patrick then transitioned into corporate finance andinvestment banking, where he became a partner at a US boutique andlater at PriceWaterhouseCoopers (PwC), leading the firm's corporatefinance practice in Austria & CEE.
He subsequently served as the head of global investmentbanking for the Swiss Valartis Banking Group. Following a managementbuy-out, Patrick became the Senior Partner of bgm Partners Group, aSwitzerland and Austria-based firm specializing in investment bankingand corporate finance services for the commodity & miningindustries, with additional investments in the mining & mineralsprocessing sector. Patrick is a seasoned entrepreneur with boardmemberships in various entities across the commodity trading &processing and mining sectors.
About bgm Partners
bgm Partners, is a privately owned, globally activeCorporate Finance advisory firm. They provide tailor-made mid-cap andlarge-cap Corporate Finance advisory services focused on M&A("Mergers & Acquisitions"), general Corporate Financeand Project Finance. bgm supports and advises enterprises as well aswealthy individuals, family offices and investment companies inexecuting strategically and financially critical transactions such asdivestitures, acquisitions and mergers as well as the raising of debtand equity on private and public capital markets.
George Sookochoff, President &CEO, commented:
We are delighted to welcome Patrick to our board. Hebrings a valuable network within the financial circles of Europe andAsia. Patrick and bgm Partners have successfully connected Belmontwith two strategic private investment holding companies: Commoditiesand Resources Pte. Ltd of Singapore and ERAG Energie & Rohstoff AGPCC of Liechtenstein, both of which participated in our recentfinancing round. We eagerly anticipate Patrick and bgm Partners'continued efforts to introduce Belmont and its portfolio of projectsto additional investment groups across Europe and Asia.
Stock Options
The Company announces that it has granted incentivestock options (the “Options”), pursuant to its fixed stock optionplan for a total of 3,000,000 common shares of the Company, to certaindirectors, officers, employees and consultants of the Company. TheOptions, subject to the terms of the Plan and the corresponding optionagreements, are exercisable at a price of CAD $0.05 per share for aperiod of up to 5 years. The Company's Fixed Stock Option Plan allowsfor the issuance of up to 10% of issued and outstanding share capitalin the form of incentive stock options. Theoptions shall be legend with the required four months plus one dayhold period from issuance.
About Belmont Resources
Belmont Resources has assembled a portfolio of highlyprospective copper, gold, lithium, uranium and rare earths projectslocated in British Columbia, Saskatchewan, Washington and NevadaStates. Its holdings include:
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Athelstan-Jackpot (A-J): 2 former gold mines. Planned 2,000m drilling to target multi-coincident geophysical anomaly on strike withneighboring gold trend and gold mines.
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Crackingstone Uranium-Rare Earths: Some of the highest grade Rare Earth Elements (REE’s) are beingdiscovered in Northern Saskatchewan due to the presence of Uranium,Thorium Pegmatites. Crackingstone project meets the criteria forpotentially discovering a large REE’s deposit with its high gradeuranium along with thorium and pegmatite. A review of 3,000m of 2008drill data shows a 1.3km pegmatite dyke drilled but only assayed foruranium at that time. 2023plans are to re-assay pegmatite sections for REE’s ;
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Come By Chance (CBC): 2021 geophysics delineated potential large copper-goldporphyry
2022 drilling provided further vectors towardspotential core of porphyry;
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The LoneStar Copper-Gold: optioned to Australian Marquee Resources ASX:MQR. MQR hasspent in excess of $2.5M in drilling, completed new resource in Dec.2022, and is currentlypreparing a Preliminary Economic Assessment inorder to earn 80% interest.
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The KibbyBasin Lithium project located 60 kilometersnorth of the lithium rich Clayton Valley Basin: Optioned 80% of thecentral Kibby Playa claim block to Australian Marquee Resources - MQR.MQR has spent in excess of $2.5M in drilling in 2022 for potentialdeep seated lithium brine. 2022 Drilling confirmed high levels oflithium-bearing sediments along with dissolved lithium in thegroundwater. Mineralized intervals containing up to 924 ppm lithiumwith greater than 300 ppm lithium over thicknesses in excess of 450mhave been identified in core samples of clay-rich playasediments.
ON BEHALF OF THE BOARD OF DIRECTORS
“GeorgeSookochoff”
George Sookochoff, CEO/President
Neither the TSX Venture Exchange nor its RegulationServices Provider (as the term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this news release.
This Press Release may contain forward-lookingstatements that may involve a number of risks and uncertainties, basedon assumptions and judgments of management regarding future events orresults that may prove to be inaccurate as a result of exploration andother risk factors beyond its control. Actual events or resultscould differ materially from the Companies forward-looking statementsand expectations. These risks and uncertainties include, among otherthings, that we may not be able to obtain regulatory approval; that wemay not be able to raise funds required, that conditions to closingmay not be fulfilled and we may not be able to organize and carry outan exploration program in 2023, and other risks associated with beinga mineral exploration and development company. These forward-lookingstatements are made as of the date of this news release and, except asrequired by applicable laws, the Company assumes no obligation toupdate these forward-looking statements, or to update the reasons whyactual results differed from those projected in the forward-lookingstatements.
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