Welcome to our dedicated page for Benton Resources news (Ticker: BNTRF), a resource for investors and traders seeking the latest updates and insights on Benton Resources stock.
Benton Resources Inc. reports mineral exploration developments across a diversified property portfolio, with recurring updates on copper, gold, platinum, palladium, lithium and natural hydrogen prospects. Company news frequently centers on Newfoundland exploration, including the Great Burnt property, the South Pond gold-copper deposit and the Great Burnt copper deposit, as well as drilling results, geophysical targets, metallurgical testing and joint-venture interests.
Benton updates also cover newly staked project areas, technical oversight under Canadian mining disclosure standards, equity interests in other mining companies, retained net smelter return royalties, conference participation, advisor appointments and other governance or capital-structure matters tied to its exploration business.
Benton Resources (OTC:BNTRF, TSXV:BEX) signed a July 24, 2026 letter agreement with private Silverback Metals to create a new public company, “Spinco”, which will hold several mineral projects including Benton's Great Burnt copper-gold project. Spinco will be led by Silverback’s management team and advised by mining executive Denis Laviolette, and is expected to complete a concurrent private placement of $10 million for approximately 33.3% of Spinco, providing immediately available exploration funds.
Upon completion of a statutory plan of arrangement under the BC Business Corporations Act, Benton will distribute substantially all of its Spinco shares to Benton shareholders as a return of capital, so that Benton shareholders collectively hold a 45% direct stake in Spinco, while Benton retains a 5% Spinco shareholding and a 1% NSR on Great Burnt (half buyable by Spinco for $1 million). According to Benton, the $10 million financing for 33% of Spinco implies an imputed $15.0 million value for the Great Burnt project to Benton and its shareholders. Completion is targeted for November 2026, subject to a definitive agreement, 66⅔% shareholder approval at a mid-October meeting, BC Supreme Court approval, TSX Venture Exchange approvals for the arrangement and Spinco listing, and closing of the $10 million financing.
Benton Resources (OTC: BNTRF, TSXV: BEX) will acquire a 100% interest in additional claims at its Dominion Lake Project, adding 3 licences and 36 claim units for $3,000 and 20,000 shares, subject to regulatory approval.
Summer exploration is underway, with prospecting, soil sampling and trenching across multiple gold and base metal targets showing high-grade grab and float assays, plus follow-up on historical Cu-Zn-Ag drill intercepts near known VMS deposits.
Benton Resources (OTC:BNTRF) and Metals Creek hired hydrogen-helium expert Rudy Willick of Rudiger Re-Chem to run large regional soil gas sampling at the Smoking Gun and Parson's Pond projects in Newfoundland starting mid- to late July.
Historical work shows highly anomalous helium up to 8,900 ppb near Smoking Gun and methane up to 72% plus strong hydrogen and helium signatures at Parson's Pond wells, suggesting a multi-gas exploration opportunity. Samples will be analyzed for H2, He, neon, CO2 and C1–C4 hydrocarbons.
Benton Resources (TSXV: BEX, OTC: BNTRF) closed a $2,000,000 non-brokered private placement with Eric Sprott, issuing 28,571,429 units at $0.07. Each unit includes one share and a warrant exercisable at $0.10 for 36 months.
According to Benton, Sprott now holds 19.7% non-diluted and 27.6% fully diluted. Proceeds will advance 50/50-owned natural hydrogen and helium prospects in Newfoundland with Metals Creek Resources and support broader critical minerals projects and working capital.
Benton Resources (OTCQB:BNTRF) and Metals Creek more than doubled their Smoking Gun hydrogen-helium land package in Newfoundland from 242 to 654 claim units (163.5 km2) and expanded Parson's Pond from 427 to 641 units (160.3 km2).
The Companies highlight historic anomalous helium and hydrogen indicators, new hyperspectral satellite targeting, and a separate LOI for Benton to sell a 5-claim license for $10,000 and 100,000 Quadro shares.
Benton Resources (OTC:BNTRF, TSXV:BEX) announced a $2,000,000 non-brokered private placement with investor Eric Sprott, subject to regulatory approvals. The financing comprises 28,571,429 units at $0.07, each with one share and a three-year warrant exercisable at $0.10.
Closing is expected on or before June 15, 2026, with proceeds directed to Newfoundland natural hydrogen and helium prospects and working capital.
Benton Resources (TSXV:BEX, OTC:BNTRF) closed a non-brokered private placement of 18,350,000 flow-through units at $0.08, raising $1,468,000 in two tranches. Each FT Unit includes one flow-through share and half a warrant exercisable at $0.12 for 24 months.
Benton paid $70,140 in finders' fees and issued 806,250 broker warrants at $0.12. Proceeds will fund eligible Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures, to be incurred by December 31, 2027 and renounced effective December 31, 2026. Four insiders subscribed for $45,000 (562,500 FT Units), with exemptions relied on under MI 61-101.
Benton Resources (OTC:BNTRF) and Metals Creek jointly staked an additional 156 units under two licences in Newfoundland, expanding their helium and natural hydrogen portfolio to a seventh project, the Smoking Gun Prospect.
Historic water sampling from drill hole 79-67 returned up to 8,900 ppb helium, 11.8 km from a historic high-pressure gas well, indicating favorable geological conditions but requiring further studies.
Benton Resources (OTC:BNTRF) intends to complete a non-brokered $2.5 million flow-through private placement of up to 31,250,000 FT Units at $0.08 per unit, subject to TSX Venture Exchange approval. Each FT Unit includes one flow-through common share and one-half warrant exercisable at $0.12 for 24 months.
The company will renounce qualifying Canadian exploration expenditures to subscribers effective Dec 31, 2026, and must incur those expenditures by Dec 31, 2027. FT Units will be subject to a four-month plus one day Canadian hold period. Finder fees may apply per Exchange policy.
Benton Resources (OTC:BNTRF) announced that Homeland Nickel will no longer participate in the Great Burnt joint venture, leaving Benton with a deemed 73.51% interest (as of Dec 31, 2025) after $6,108,232.33 in exploration spend versus Homeland's $2,201,071.93.
Benton plans an aggressive summer program including airborne EM/magnetic surveys, prospecting, trenching and diamond drilling and reported soil gold values up to 5.1 g/t Au near newly sampled float assaying 12.0 g/t Au.