Our European Partners
Belmont’s strategic move — bringing in major European investors.
HMS Bergbau AG (HMS) Germany: A leading independent commodity trading company in Germany, with US$1.55 billion in sales for 2024. HMS is publicly traded on the Deutsche Börse (HMU), Berlin Stock Exchange (HMUG), and Frankfurt Stock Exchange (HMU.DE). In July 2023 HMS Bergbau acquired two majority stakes with mining and exploration licenses for lithium, cobalt, nickel, tantalum and rare earths in the Alatau region of Kazakhstan. (Press release from 11 July 2023 – HMS Bergbau AG acquires majority shareholdings in Kazakhstan.)
HMS is majority shareholder of the project company Maatla Resources (Pty.) Ltd. in Botswana. Maatla Resources is developing a fully licensed coal mining project with 90 million tons of resources. Annual production is planned to ramp up to 1.2 million tons per year in the first phase and planned to increase to 3 million tons thereafter.
ERAG Energie & Rohstoff AG PCC (ERAG) Liechtenstein: A private investment holding company based in Vaduz, Liechtenstein. ERAG is focused on commodities, including energy, mining, and raw materials.
LaVo Verwaltungsgesellschaft MBH (LaVo) Germany: A private investment company based in Berlin, Germany.
Note: Subject to TSXV approval of April 23, 2025 announced finacing, HMS, ERAG and LaVo will control more than 20% of Belmont shares and as such on a combined basis comprise a Control Person within the meaning of Policy 4.1
Commodities and Resources Pte. Ltd. (C&R) Singapore: A privately owned investment holdings which invests in companies that are active in the commodities sector (incl. commodity trading), mining and energy.
Strengthening our competitive position globally in several ways:
– Access to New Capital and Resources: The influx of investment from established European partners provides Belmont with the financial means to accelerate its exploration and development projects, reducing reliance on limited internal funding and enabling faster progress on high-potential assets
– Enhanced Global Networks and Expertise: These strategic partners bring extensive international networks and specialized knowledge in commodities trading, mining, and investment. This positions Belmont to identify and acquire new mineral projects worldwide, diversify its portfolio, and reduce risks associated with dependence on any single project or region
– Broader Market Access: Leveraging the partners’ presence in Europe and potentially Asia opens doors to new markets and investment groups, increasing Belmont’s visibility and attractiveness as a mining exploration company
– Strengthened Board and Leadership: The addition of experienced directors with strong backgrounds in finance, mining, and international business further bolsters Belmont’s ability to compete on a global scale and to pursue larger, more ambitious projects
These changes collectively make Belmont a more competitive player in the global mining and exploration sector, capable of pursuing larger opportunities and building a diversified, resilient portfolio.