Leading German Energy and Commodities Trading Group Acquires Majority Control of Belmont Resources

The most recent news (May 19, 2026) reports that HMS Bergbau AG, a German energy and commodities trading group, has acquired a controlling 50.9% interest in Belmont Resources. HMS purchased 43.3 million shares from three existing major shareholders – ERAG, LaVo, and Commodities & Resources – for aggregate consideration of $1.74 million. The per‑share prices were $0.0333 (ERAG) and $0.045 (LaVo and C&R). This follows earlier incremental moves: in mid‑May 2026 C&R had already announced the sale of its entire 18 million‑share block to HMS; and a change‑of‑control resolution was approved by shareholders in May 2025 to allow a private placement of up to 30.3 million shares at $0.045 to HMS and its affiliates. The series of transactions leaves HMS firmly in charge, with ERAG, LaVo, and C&R fully exited.

The acquisition of majority control by HMS Bergbau is a material – indeed game‑changing – event for Belmont. Although HMS was already a large shareholder (~18 % prior to these transactions), taking an outright 50.9 % stake transforms the company’s strategic trajectory. HMS is a real operating business with $1.55 billion in 2024 sales, not a passive financial investor. It brings direct industry expertise, a European customer base, and the financial capacity to support exploration without the dilutive, hand‑to‑mouth financings that have plagued Belmont.

Critically, the deal was done at prices that reflect the depressed state of the equity ($0.0333–$0.045). The ERAG block was sold at $0.0333 – a discount to the already‑weak market price – suggesting that some legacy holders were eager to exit. HMS’s willingness to step in and consolidate at this level signals confidence that the underlying assets (particularly the Crackingstone uranium‑REE project) are worth far more than the penny‑stock valuation.

Nevertheless, investors must recognize what the news does not do: it does not bring fresh working capital into Belmont’s treasury, nor does it guarantee a discovery. The immediate effect is a change in control, not a capital infusion. The stock price remains near all‑time lows, and the market will likely wait for HMS to articulate a concrete plan and – crucially – fund the next phase of drilling before re‑rating the shares.

Belmont Resources is a Canadian mineral explorer with a portfolio spanning uranium‑REE, copper‑gold, gold, and lithium. The flagship is the 100 %-owned Crackingstone Uranium/Rare Earths Project in the Beaverlodge district of Saskatchewan. Historic grades include grab samples of up to 15.6 % U₃O₈ and past production of 11 t at 2.3 % U₃O₈. The project has three mineralized corridors, a multi‑year drill permit in place (40 holes, valid through 2028), and recent re‑assaying confirmed both uranium and REE enrichment. Other assets include:

• Come By Chance (BC): Porphyry‑CRD copper‑gold target; 2025 drilling found only trace sulphides – a material disappointment.
• Athelstan‑Jackpot (BC): Former gold producer (7,600 oz Au), near‑surface potential.
• Lone Star (Washington State, 50 % option to Marquee): Indicated 9.7 Mt @ 0.62 % CuEq, Inferred 3.5 Mt @ 0.45 % CuEq.
• Kibby Valley (Nevada): Lithium brine exploration, with >300 ppm Li over >450 m thickness.