Agoracom: Small Cap Investment - Belmont Resources - Belmont Resources Gets Regulatory Nod for Kibby Basin Buy; Stock Surges 29%

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Belmont Resources Inc. is an emerging resources company engaged in the acquisition, exploration and development of mineral properties; in Canada and United States.

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Belmont Resources Gets Regulatory Nod for Kibby Basin Buy; Stock Surges 29%

posted on May 30, 2016 12:26PM

2016-05-30 11:42:00 AM ET (MT Newswires)

11:42 AM EDT, 05/30/2016 (MT Newswires) -- Belmont Resources (BEA.V) surged 29% recently after getting the approval from the TSX Venture Exchange for its proposed acquisition of the Kibby Basin Property in Nevada.

The company said the Property has potential to host lithium-bearing brines in a geologic setting similar to the continental brine model ascribed to Clayton Valley. It plans to immediately execute an exploration program.

The stock moves at the top half of 52-week range $0.01 - $0.12.

Price: 0.09, Change: +0.02, Percent Change: +28.6

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