Benton and Metals Creek Announce Approval of Property Acquisitions
Benton’s Dominion project expansion in Newfoundland received TSXV clearance, securing additional land rights for the company’s mineral exploration activities.
Benton Resources Inc. (BEX) and partner Metals Creek have received approval from the TSX Venture Exchange to finalize the acquisition of mineral licenses from G2B Gold. The transaction grants Benton a 100% interest in one license, comprising two claim units, and a 50% interest in two others, totaling 50 claim units in Newfoundland. Consideration for the deal involves issuing common shares to G2B and retaining a 2% Net Smelter Royalty (NSR), with buyout options available for half the royalty. The newly acquired licenses directly tie onto Benton's flagship Dominion Copper-Gold-Zinc project, extending its strategic land package.
Benton Resources Inc. (BEX) has secured approval for a transaction initially announced in August 2026, a procedural milestone that confirms the expansion of the Dominion project footprint. The impact is incremental and fully expected, as the deal does not introduce new financial terms, unexpected exploration results, or strategic pivots.
While the transaction dilutes existing shareholders through share issuance, it adds geologically strategic ground adjacent to a known high-grade copper-gold system. Given the routine nature of regulatory approvals for previously disclosed deals, the market impact is limited and aligns with historical price action.
Benton Resources Inc. (BEX) is a Canadian junior explorer focused on advancing high-grade mineral projects in Newfoundland. Its flagship asset is the Great Burnt Copper-Gold Project, which holds a NI 43-101 resource of 667,000 tonnes at 3.21% Cu (Indicated) and 482,000 tonnes at 2.35% Cu (Inferred). Recent drilling has highlighted high-grade copper intercepts and a parallel gold-copper zone at South Pond.
The company also holds other assets, including Dominion Lake, which features high-grade gold and base metals, as well as Stoney Caldera and Victoria West. Additionally, Benton Resources maintains a 50/50 joint venture with Metals Creek for natural hydrogen and helium exploration at Smoking Gun and Parson's Pond. The company’s strategy involves aggressive exploration and land assembly, utilizing a generator model with equity stakes and NSR royalties to preserve capital.