Belmont Wins Water Rights in Nevada
AllpennyStocks.com

Belmont Wins Water Rights in Nevada

By: Tomas Ronolski - AllPennyStocks.com News

Thursday, March 21, 2019

Vancouver-based Belmont Resources (TSX-Venture:BEA) had reason to celebrate Thursday – and not just because spring had arrived.

The company announced the State of Nevada had approved Belmont's application for water rights on the Kibby Basin Lithium property -- for two well permits to develop groundwater (brine) in the Monte Cristo Groundwater Basin, which may be the first of their kind in the “Silver State”.

Significantly, the news comes when other lithium companies and explorers are realizing the importance that Nevada's legislators and regulators place upon the natural resources of their state. 

The permit allows Belmont to extract up to 2,895.88 acre feet (approximately 943.6 million U.S. gallons) per year of groundwater, for brine processing and production of lithium compounds

Adds CEO Jim Place, "This is a very important milestone in the development of the Kibby Basin lithium property".

Belmont is an emerging resource company engaged in the acquisition, exploration and development of mineral properties in Canada as well as Nevada.

Its shares galloped a cent, or 28.6%, to 4.5 cents, on volume of 1.2 million shares.


Copyright © 2019 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Other Penny Stock Movers

Dual Listed Biotech Firm Achieves Sale of Animal Health Interest, Sending Shares Higher
 Read More
Could This Stock Be The Next Big Mover In The Short-Term Rental Market?
 Read More
Micro Cap Massively Bid Up Before Opening Bell
 Read More
Most Popular
1
Biotech Catches Major Premarket Bid Following FDA Clearance
2
Yet Another Biotech Stock Has Found Success During Tuesday's Session
3
Dual Listed Biotech Firm Achieves Sale of Animal Health Interest, Sending Shares Higher
4
Aluminum, nickel prices surge after fresh sanctions on Russian metals
5
Shares of Dual-Listed Gold Miner Bid Up After Earnings Release
6
Apple loses spot as world’s top smartphone seller as iPhone sales drop 10%
FREE Newsletter
AllPennyStocks.com Favorites


Back to Top
Site Links:
Premium Services / Email Newsletter:
Social Media:
RSS Feed:
Partners:
© Copyright 2024 AllPennyStocks.com Media Inc. All rights reserved. Nasdaq Stocks: Information delayed 15 minutes. Non-Nasdaq Stocks: Information delayed 20 minutes.
Bid and Ask quotation information for NYSE and AMEX securities is only available on a real time basis. Data is provided by QuoteMedia.com.
© Copyright 1999 – 2024. AllPennyStocks.com Media Inc.
All rights reserved.