Great Quest Fertilizer Expands Portfolio with Strategic Acquisition in Namibia's Damara Gold and Lithium Projects

VANCOUVER, British Columbia, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Great Quest Fertilizer Ltd. (TSX-V: GQ) (“Great Quest” or the “Company”) is pleased to announce that it has entered into an assignment and assumption agreement dated December 20, 2023 (the “Assignment Agreement”) with Sulliden Mining Capital Inc. (“Sulliden”) pursuant to which will become a party to a share purchase and subscription agreement (the “Purchase Agreement”). Pursuant to the Purchase Agreement, the Company has committed to purchasing and subscribing for up to 70% of the total issued and authorized ordinary shares of Belmont Mineral Exploration (PTY) Ltd. (“Belmont”), a Namibian private company, subject to the terms and conditions outlined in the Purchase Agreement (the “Transaction”).

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