Northwire Canada EditionMonday, July 13, 2026
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S 0.160 +3.2% OMI 0.305 −3.2% BMM 4.02 +5.8% CGD 0.630 +10.5% OCG 0.270 −3.6% CAMB 1.00 +0.0% HMR 0.600 −3.2% GOFL 0.025 +0.0% SIG 1.00 −2.9% SGQ 0.400 +33.3% AMCO 0.220 −12.0% TRS 0.055 +0.0% RRI 0.265 +0.0% GAL 0.395 −1.2% LIB 0.785 −13.7% SMY 0.290 +23.4% S 0.160 +3.2% OMI 0.305 −3.2% BMM 4.02 +5.8% CGD 0.630 +10.5% OCG 0.270 −3.6% CAMB 1.00 +0.0% HMR 0.600 −3.2% GOFL 0.025 +0.0% SIG 1.00 −2.9% SGQ 0.400 +33.3% AMCO 0.220 −12.0% TRS 0.055 +0.0% RRI 0.265 +0.0% GAL 0.395 −1.2% LIB 0.785 −13.7% SMY 0.290 +23.4%
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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Financings May 27, 2026 · 07:31

Eric Sprott deepens his commitment as Benton pivots to hydrogen, but the market treats another dilutive lifeline as business as usual

Financings