Northwire Canada EditionSaturday, November 7, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
M&A / Property Routine +

Benton and Metals Creek Acquire a 7th Highly prospective Helium and Natural Hydrogen Project in Newfoundland

Benton Expands Hydrogen Portfolio with New Newfoundland Staking Amidst Copper-Gold Drilling Momentum

By The Northwire Desk — AI Analysis May 12, 2026 · 07:01 BEX · 0.075 Benton Resources Inc.
Executive Summary
  • Benton Resources Inc. and Metals Creek Resources Corp. jointly acquired a 7th project in Newfoundland targeting Helium and Natural Hydrogen.
  • The acquisition involves staking 156 units under two licenses at the Smoking Gun Prospect within the Deer Lake Basin.
  • Historical water analysis from drill hole 79-67 revealed helium values up to 8,900 parts per billion (ppb).
  • Hole 79-67 is located approximately 11.8 km from "Mills No. 1," which previously encountered high-pressure gas flowing for a minimum of 12 months.
  • The acquisition follows the March 25, 2026 announcement where Benton and Metals Creek staked six similar projects in Newfoundland.
  • Proceeds are not explicitly detailed but likely funded from recent cash on hand or the May 5th financing tranche ($1.3M closed).
Material Impact
  • The news is a follow-up to the March 2026 hydrogen strategy announcement, confirming continued execution of the diversification plan beyond core copper-gold assets.
  • Helium values of 8,900 ppb are historically anomalous and support the geological thesis for the Deer Lake Basin but remain water analysis data rather than resource definition.
  • No immediate financial impact or revenue generation is disclosed; this remains an exploration-stage asset.
  • The partnership with Metals Creek shares risk and cost, mitigating dilution concerns compared to a sole acquisition.
  • Given the speculative nature of natural hydrogen/helium at this stage, the market impact is likely incremental rather than transformative relative to the company's copper-gold valuation drivers.
BEX · Price
Company Overview
  • Benton Resources Inc. focuses on developing two high-grade copper-gold projects in Central Newfoundland: Great Burnt and South Pond.
  • Great Burnt Project: VMS system with Indicated resource of 667 kt @ 3.21% Cu; recent drilling has expanded strike length to >950m.
  • South Pond Gold-Copper Deposit: Delineated a 2.7 km-wide shallow gold-copper horizon; metallurgical tests showed up to 88.4% gold recovery.
  • Dominion Project: Newly added pipeline project with high-grade gold and base metal discoveries (up to 10.8 g/t Au).
  • Hydrogen/Helium Strategy: Emerging portfolio expansion in Newfoundland targeting natural white hydrogen, currently at the staking/early exploration phase.
Read the original news release →

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Nov 05, 2026 · 07:30

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Drill Results Sep 15, 2026 · 16:31

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M&A / Property Sep 10, 2026 · 07:31

Benton’s Dominion project channel sampling confirms high-grade gold potential ahead of an upcoming drill program.

Drill Results Sep 09, 2026 · 07:31

Benton’s early-stage hydrogen and helium soil gas anomalies validate geological targeting at its Newfoundland projects.

Drill Results