Belmont investor HMS acquires 43.3 million shares

HMS Bergbau AG, a large German energy and commodity trading group, has acquired 43.3 million common shares of Belmont Resources from three existing shareholders (ERAG, LaVo, C&R) for a total of $1,737,940. The transactions lift HMS’s stake to 67.5 million shares, or approximately 50.9% of outstanding stock, giving it majority control. The purchase prices were $0.0333/share for the ERAG block and $0.045/share for the LaVo and C&R blocks. The acquisition consolidates the strategic partnership that had been building since mid-2025, when shareholders approved a change-of-control resolution to enable a larger private placement that was never completed. With the buyout of those legacy shareholders, HMS is now the clear controlling shareholder.

The transaction is a material game changer for a micro-cap explorer. HMS Bergbau is a European energy and commodity trading company with $1.55 billion in 2024 sales and global reach. Its majority ownership provides Belmont with: - A deep-pocketed strategic backer that can fund exploration, reduce going-concern risk, and potentially open offtake or market channels for uranium and critical minerals. - A clear decision-maker, eliminating the fragmented control structure of the past and improving strategic focus. - A signal that the Crackingstone uranium/REE project is being taken seriously by a large industry player. The news exceeds expectations because the original 2025 change-of-control plan involved a dilutive private placement at $0.045, whereas the executed transaction is a non-dilutive buyout of existing shareholders, preserving the share count while placing control in one set of hands. It materially re-rates Belmont’s risk profile and its ability to execute exploration. The market reaction was modest (the stock rose from $0.03 to $0.04), but the long-term implications are significant.

Belmont Resources is a junior explorer with a diversified portfolio. Its flagship is the 100%-owned Crackingstone project in the Beaverlodge District of Saskatchewan, an advanced uranium target with historic grades up to 15.6% U₃O₄ and newly identified rare-earth element (REE) enrichment. A 40-hole drill permit is in hand through 2028. Other assets include: - Come By Chance (BC): Copper-gold porphyry/CRD target (2025 drilling returned no economic mineralization but refined the geological model). - Athelstan-Jackpot (BC): Historic gold producer (7,600 oz Au) with near-surface bulk-tonnage potential. - Lone Star (Washington State): 50%-optioned, with indicated 9.7 Mt @ 0.62% CuEq. - Kibby Valley Basin (Nevada): Early-stage lithium brine project.