Dec 10 - Vancouver, B.C. -
Belmont Resources Ltd. is pleased to announce the sale of one of its two Nevada water permits to Pilot Metals Inc. , a U.S.-based subsidiary of Guardian Metal Resources PLC , headquartered in London, UK. Agreement Details The transaction, valued at C$778,000, includes: An initial non-refundable cash payment of C$495,000. A final payment of C$283,000, due on or before January 31, 2025. George Sookochoff, President & CEO of Belmont Resources, commented: "This agreement secures C$778,000 in non-dilutive funding, significantly strengthening our financial position as we advance our strategic initiatives in 2025." About the Water Permit The permit grants the right to beneficially use 1,447.94 acre-feet of water annually for mining, milling, and domest...