Belmont Resources Confirms Uranium and Rare Earth Element Potential at the Crackingstone Project Through Modern Re-Assaying
(TheNewswire)
Modern reassay of historic drill corevalidates bedrock-hosted uranium mineralization and reveals a coherentrare earth element system, supporting renewed, structurally focusedexploration.
Vancouver, British Columbia –February 3, 2026 –TheNewswire – Belmont Resources Inc. (TSX-V: BEA; FSE: L3L2) (“Belmont” or the “Company”)is pleased to report results from the re-assaying of selectedintervals of historic drill core from its 100%-owned CrackingstoneProject, located in the Beaverlodge–Uranium City district ofnorthern Saskatchewan. The re-assaying program has identified multipleintervals exhibiting elevated uranium and rare earth element(“REE”) concentrations, including several zones where both uraniumand REE enrichment occur together, highlightingthe project’s potential as an integrated uranium–rare earth critical minerals system.
The re-assaying program focused on drill coreoriginally completed in 2008 and was undertaken to address two keyobjectives: (i) to re-analyze historic uranium intervals using modernanalytical methods, and (ii) to assay pegmatite-hosted intervals thatwere not analyzed for rare earth elements at the time of drilling,when REEs were not a primary exploration focus. The results confirmthat several previously untested intervals contain meaningful REEenrichment, and in some cases coincident uranium and REEvalues.
The Crackingstone Project is strategically locatedwithin the prolific Beaverlodge–Uranium City district, host tomultiple past-producing uranium mines, and benefits from existinginfrastructure, historical exploration data, and favorable geology forboth uranium and critical mineral mineralization.
Technical Highlights
The following technical highlights summarize keyobservations from the 2025 re-assaying program and are provided forcontext ahead of the detailed assay results.
Highlights include:
• Multiple re-assayed intervals with elevated uranium values
• Identification of REE-enriched pegmatite-hosted intervals notpreviously assayed
• Several zones exhibiting coincident uranium and rare earth elementenrichment
Technical Highlights – Re-AssayResults
Analytical and MethodologyNotes
The assay results reported herein are derived from there-analysis of selected intervals of historical drill core from theCrackingstone Project. Samples were analyzed by an accreditedlaboratory using inductively coupled plasma–mass spectrometry(ICP-MS) following total digestion for uranium and rare earthelements. Uranium results are reported in parts per million (ppm).Total rare earth elements (?REE) represent the sum of measured rareearth elements from lanthanum (La) to lutetium (Lu), including yttrium(Y), reported in ppm. The light-to-heavy rare earth element ratio(LREE/HREE), calculated as La–Eu divided by Gd–Lu plus Y, isprovided for geochemical characterization purposes only. A calculatedU×?REE value is included as a non-standard metric used solely for qualitative internal comparison of intervalsexhibiting coincident uranium and rare earth element enrichment anddoes not represent grade or economic significance. Reported resultsrepresent individual sample intervals and should not be interpreted asrepresentative of average grades or as evidence of economicmineralization.
Why Crackingstone / Why Now
The results of this re-assaying program reinforce theview that Crackingstone represents more than a traditional uraniumtarget. The identification of REE-enriched pegmatites, together withintervals showing coincident uranium and REE enrichment, supports abroader exploration model aligned with evolving global demand fornuclear fuel and critical minerals. Advances in analytical techniquesand the growing strategic importance of rare earth elements havematerially changed the exploration landscape since the originaldrilling was completed.
Belmont believes these results provide a strongtechnical foundation to refine exploration targeting and integrateuranium and REE vectors into ongoing geological and structuralinterpretations to guide future exploration planning.
Figure 1: CrackingstoneProject – Airborne radiometric uranium (eU) survey showinghistorical uranium occurrences, mined areas, and the location of the2008 drilling area within a structurally controlleduranium-mineralized corridor. The image is provided for historical andgeological context. | Figure 2:Crackingstone Project – Airborne radiometric thorium (eTh) surveyillustrating elevated thorium responses associated with majorstructural corridors and interpreted as geological context forREE-enriched pegmatite systems identified through modern re-assaying.Radiometric data are provided for geological context only and are notindicative of mineral grades or economic mineralization. |
“This reassay confirms what we believed was present at Crackingstoneand, importantly, expands the opportunity by applying a moderncritical-minerals lens to historical drilling,” said GeorgeSookochoff, Chairman of Belmont Resources Inc. “With uraniummineralization validated and rare earth potential now clearlydemonstrated in previously unassayed intervals, we believe the projectis well positioned for the next phase of disciplined, structurallyfocused exploration.”
The Company believes the results of the SRC reassayrepresent an important technical milestone for the CrackingstoneProject, confirming the presence of bedrock-hosted uraniummineralization together with a coherent rare earth element system.These findings materially strengthen the geological foundation of theproject and support advancing Crackingstone through continuedtechnical evaluation and planning toward future explorationactivities.
Qualified Person
The technical information contained in this newsrelease has been reviewed and approved by Laurence Sookochoff, P.Eng., a Qualified Person as defined under National Instrument43-101.
ON BEHALF OF THE BOARD OFDIRECTORS
“George Sookochoff”
George Sookochoff, Chairman/Director
Neither the TSX Venture Exchange nor its RegulationServices Provider (as the term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this news release.
Forward-Looking Statements
This news release contains forward-looking statementsand forward-looking information within the meaning of applicablesecurities legislation. Forward-looking statements in this releaseinclude, but are not limited to, statements regarding the explorationpotential of the Crackingstone Project, the significance of re-assayresults, the integration of uranium and rare earth element explorationtargets, and the Company’s plans for future exploration andevaluation of the property. Forward-looking statements are based onmanagement’s current expectations, assumptions, and beliefs as ofthe date of this release and involve known and unknown risks,uncertainties, and other factors that may cause actual results todiffer materially from those expressed or implied by suchstatements.
These risks and uncertainties include, but are notlimited to, geological interpretation, the results of futureexploration activities, changes in commodity prices, availability offinancing, regulatory approvals, and general economic, market, orbusiness conditions. Readers are cautioned not to place undue relianceon forward-looking statements. Belmont Resources Inc. undertakes noobligation to update or revise any forward-looking statements, exceptas required by applicable securities laws.
Images and maps included in this news release areprovided for illustrative and historical context only and do notrepresent current mineral resources or reserves, nor do they implyeconomic viability.
Copyright (c) 2026 TheNewswire - All rights reserved.
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