Metals Creek Partners with Benton to Acquire 6 Potential Natural Hydrogen Projects Thru Staking in Newfoundland
Rhea-AI Summary
Metals Creek (OTC:MCREF) and Benton acquired 6 staked projects totalling 763 claim units on Newfoundland's west coast to target potential natural (white) hydrogen and helium.
Three projects have historical gas shows; Parson's Pond drill logs recorded C1 methane up to 72%. Further studies are required to confirm hydrogen or helium presence.
Positive
- 763 claim units staked across six Newfoundland projects
- 3 of 6 projects show historical gas or surface venting
- C1 methane 72% recorded in Parson's Pond historical drill logs
- Partnership with Benton shares exploration risk and costs
Negative
- No confirmed hydrogen or helium — requires further validation
- Exploration-stage assets; no binding commercial agreements announced
- Potentially speculative near-term value for shareholders
News Market Reaction – MCREF
In the Mar 25 session, MCREF declined 6.25%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Thunder Bay, Ontario--(Newsfile Corp. - March 25, 2026) - Metals Creek Resources Corp. (TSXV: MEK) (OTC Pink: MCREF) (FSE: M1C1) (the "Company" or Metals Creek) and Benton Resources Inc. (TSXV: BEX) (The Companies) are pleased to announce they have jointly acquired through staking 6 potential natural white hydrogen projects in Newfoundland.
These 6 projects (See Figure 2) were selected and staked after extensive research of historical data in areas of comparable geological settings that current hydrogen companies across the USA and Canada are targeting.
Of particular interest is that 3 of the 6 projects have noted gas from historical drill holes or the surface venting of gas. The projects are all located on the west coast of Newfoundland and are hosted in geological environments considered prospective for natural white hydrogen. A total of 763 claim units were staked to acquire the mineral lands with geological characteristics to support the targeting potential.
Source: https://www.usgs.gov/media/images/aas-infographic-hydrogen-factories
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Listed below are brief descriptions of the 6 projects acquired through staking.
- Parson's Pond, large sedimentary basin in a thrust fault system with gas noted in historical drill holes near serpentine and glauconite mineralization. In addition, gas venting at surface, documented in Newfoundland government files. https://gis.gov.nl.ca/mods/ModsCard.asp?NMINOString?temp=n&NMINOString=012I/04/Btm002
- Cape St. Gregory, large serpentinized ultramafic unit near documented structures and faults.
- Bond Pond, 15 historical drill holes noted, intensely sheared and serpentinized ultramafic intrusions and likely in contact with fault structures within a sedimentary basin environment.
- Deer Lake Basin, explosive gas encountered in historical hole that flowed for a minimum of 12 months in uranium-thorium rich basin environment. https://gis.gov.nl.ca/mods/ModsCard.asp?NMINOString?temp=n&NMINOString=012H/03/Btm002
- Bay St George, gas noted in historical drilling.
https://www.gov.nl.ca/em/files/publications-energy-fwr-port-au-port-no-1-final-well-report-volume-2.pdf - Bay of Islands, large serpentinite-bearing ultramafic unit near documented structures and faults.
At Parson's Pond, (See Figure 1) research of the historical drill logs in two holes 14.2 km apart, have observed C1 methane gas levels reaching
Parson's Pond Regional Cross Section/Geology including Seamus and Finnigan Holes
Figure 1: Parson's Pond Geology and Hole Location
Newfoundland. Geological Survey of Canada, "A" Series Map, 1678A. https://doi.org/10.4095/126990
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Figure 2: Project Location Map
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"Metals Creeks primary focus remains on the Ogden Gold Project in the heart of the Timmins Gold camp including final preparations for an upcoming drill program on Ogden this spring. With green energy becoming a highly sought after commodity, an opportunity was present to acquire land in partnership with Benton Resources to explore prospective areas in Newfoundland and Labrador with favorable geological settings to potentially host hydrogen and helium. Partnering with Benton provides a relatively low-cost risk for Metals Creek and Benton shareholders to explore a market that appears to be gaining interest," states Alexander (Sandy) Stares, President and CEO of Metals Creek.
In the neighboring province of Nova Scotia, companies such as Quebec Innovative Metals Corp are having success in the search for Natural Hydrogen. This success is being explored for in similar geological environments to that of the above mentioned projects.
Please note that the presence of gas or methane on these staked projects or gas discovered on adjacent properties does not guarantee the presence of hydrogen or helium. Further studies are required to validate their presence.
About Metals Creek Resources Corp.
Metals Creek Resources Corp. is a junior exploration company incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol "MEK". Metals Creek holds a
Metals Creek also has multiple quality projects available for option which can be viewed on the Company's website. Parties interested in seeking more information about properties available for option can contact the Company at the number below.
Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under its profile at www.sedarplus.ca.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Alexander (Sandy) Stares, President and CEO
Metals Creek Resources Corp
709-424-1141
MetalsCreek.com
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreek
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289804