Great Quest Fertilizer Ltd. (TSXV:GQ) agreed to acquire 25% stake in Belmont Mineral Exploration (PTY) Ltd for $0.06 million on December 20, 2023. The transaction also includes the acquisition of Khorixas Gold Project, the Omatjete Gold and Lithium Project, and the Outjo Gold Project. Pursuant to the transaction, Great Quest can acquire an additional 26% ownership interest in Belmont by funding $1.4 million for exploration expenditures on the Projects.

The Transaction is subject to customary closing conditions, including the approval of the TSX Venture Exchange and is expected to close in early 2024.