(via TheNewswire)
The HMS investment follows a previous
HMS is non-arm’s length to the Company as
The Loan shall bear no interest and payable on or before
HMS has the option to have the Debt paid through the issuance of 9,200,000 common shares, at a deemed value of
The Use of Proceeds will be allocated as:
The closing of the transaction is subject to the approval of the
About HMS Bergbau AG
HMS Bergbau AG (HMS) stands out as a prominent independent commodity trading enterprise based in
The company's global presence is further underscored by its subsidiaries, including
HMS is increasingly developing into a diversified international commodity trading group and is actively expanding towards commodity production and logistical solutions.
In
HMS Bergbau AG (HMS) is listed on the Basic Board of the
About
CrackingstoneUranium:
Situated in the
- 11 tons were shipped to the Lorado mill grading 2.3% U3O8.
-
- 46 ton hand sorted bulk sample assaying 0.5% U308.
- 6.5 ton hand sorted bulk sample assaying 0.5% U308.
CrackingstoneRare Earths:
Some of the highest grade Rare Earth Elements (REE’s) are being discovered nearby Crackingstone in
Athelstan-Jackpot (A-J) Gold:2 former gold mines produced 7,600 ozs Au 9,000 oz Ag.
2023 drilling targeted a potential feeder system to 2 former gold mines. Initial results provide important vectors pointing further east to the major Jackpot fault which may have provided the conduit for hydrothermal mineralization to flow to surface.
Come By Chance (CBC) Copper-Gold: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, InNovember 2023 MQR announced a Preliminary Economic Assessment and currently holds a 50% interest in the project.
TheKibby Basin Lithium: Situated 60 kilometers north of the lithium rich
Clayton Valley Basin inNevada . Belmont has optioned 80% of the central Kibby Playa claim block to Australian Marquee Resources - MQR. MQR has spent in excess of$3.0M in drilling in 2022 for potential deep seated lithium brine. Where water is precious Belmont holds 2 water licenses for theKibby Basin .
NI 43-101 Disclosure:
The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 and has been reviewed and approved by
ON BEHALF OF THE BOARD OF DIRECTORS
“George Sookochoff”
Neither the
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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