News Summary
On December 11, 2025, Belmont Resources Inc. announced the completion of its relogging and resampling program on 20 historical drill holes (3,029.4 metres) from the 2008 Crackingstone Uranium Project drill campaign in Saskatchewan. Axiom Exploration Group Ltd. conducted the program, utilizing modern techniques such as portable X-ray fluorescence (pXRF) and visible and near-infrared spectroscopy (VNIR) to generate new geochemical data. The objective of this work is to update geological models, evaluate rare earth element (REE) potential, and define drill targets for the planned 2026 exploration program. Samples have been sent for analysis, with results pending. George Sookochoff, Chairman, highlighted that this modern relogging provides a new perspective on the uranium system and is crucial for defining strong drill targets.
Material Impact
This news is a positive, but routine, update on the progression of Belmont’s Crackingstone Uranium-REE Project. It confirms the successful completion of a previously announced exploration phase. The relogging program was initiated on October 15, 2025, and the company received its multi-year drill permit for Crackingstone on December 2, 2025, explicitly for a 2026 drilling campaign. The current news release aligns perfectly with these prior announcements, indicating that the company is systematically executing its exploration strategy.
The material impact is positive as it signifies operational progress and a step closer to the highly anticipated 2026 drilling. However, it is not a game-changer as it reports the completion of preparatory work rather than new assay results or a definitive discovery. The critical next step, the assay results from the relogged samples, is still pending. Without these results, the actual geological implications and potential for defining high-quality drill targets remain unconfirmed. This is a necessary but expected milestone in the exploration cycle.
The market has not yet reacted to this specific news, as the provided price data only extends up to December 10, 2025. Given the previous routine news releases (e.g., drill permit received, relogging started), market reaction to this kind of procedural update is typically muted unless it comes with unexpected positive findings.
Catalysts
* Immediate (next few weeks): The most critical upcoming catalyst is the release of assay results from the relogged historical drill core samples. These results will provide the first modern geochemical data from the Crackingstone project and directly inform the quality of future drill targets.
* 3-6 Months:
* Crackingstone Drill Target Definition: Expect an announcement outlining the specific drill targets for the 2026 exploration program, informed by the newly acquired data.
* Crackingstone Drill Program Commencement: Following target definition, news regarding the commencement of the 2026 drilling campaign at Crackingstone will be a significant catalyst.
* Come By Chance Assay Results: Assay results from the 2,000-metre drilling program completed at the Come By Chance copper-gold project (as of July 15, 2025) were expected approximately eight weeks from mid-July 2025. This timeline has been exceeded, so any update on these results is overdue and would be significant.
* Athelstan-Jackpot Gold Project: Details and commencement of the planned Q3 2025 drilling program targeting high-resistivity zones.
Materiality Conclusion
The news reports the successful completion of a core relogging and resampling program at the Crackingstone Uranium Project. This is a positive development as it indicates steady progress on a key project and moves the company closer to defining drill targets for its planned 2026 exploration campaign. However, since no new assay results or discoveries have been announced, and it represents a preparatory step rather than a conclusive finding, its immediate impact is considered routine. It confirms execution on previously communicated plans and maintains positive momentum but does not materially alter the company’s risk profile or valuation in the short term.
