Belmont Resources Commences High-Resolution Gravity Survey at Crackingstone Uranium Project
Belmont begins a gravity survey at its Crackingstone project as the company’s cash runway remains critical.
Belmont Resources Inc. has commenced a high-resolution ground gravity survey at its 100%-owned Crackingstone Uranium Project in Saskatchewan. The survey covers approximately 2,500 stations on a 50m x 50m grid.
The objective is to identify subsurface density variations, structural breaks, and alteration zones to refine uranium drill targets. Data will be integrated with existing radiometric, electromagnetic, and geological datasets to prioritize locations for a planned ~2,000-meter diamond drilling program.
The company holds a Crown Land Work Authorization permitting up to 40 drill holes through November 30, 2028. Senior Geological Advisor Ken Wheatley is leading the technical team.
Belmont Resources Inc. (BEA) has commenced its gravity survey, an expected incremental step following the September 10, 2026 announcement that the survey would be conducted in early October. The news aligns with the company's stated 2026/2027 exploration roadmap and the December 2025 permit acquisition. While positive for exploration momentum, the development is immaterial to near-term valuation given the pre-revenue, pre-drill stage of the asset.
Belmont Resources Inc. is an exploration-stage company focused on critical minerals and base metals. Its flagship asset is the Crackingstone Uranium/REE Project in the historic Beaverlodge district of Saskatchewan, where the property features historic grab samples up to 15.6% U3O8 and past production of 11 tons at 2.3% U3O8. The company is pivoting to a dual-commodity focus on uranium and rare earth elements.
Other assets include the Come By Chance copper-gold project in British Columbia, the Athelstan-Jackpot gold project in British Columbia, the Lone Star copper-gold project in Western Australia (50% joint venture), and the Kibby Valley lithium project in Nevada. The company generates no revenue and is entirely dependent on exploration success and equity financing.