Metals Creek Resources Corp. and Benton Resources Inc. have received TSX Venture Exchange approval to complete their joint acquisition of mineral licenses in Western Newfoundland. The approved transaction gives each company a 50 percent ownership stake in an expanded package of 50 claim units.

Under the terms of the acquisition, the companies will issue 120,000 common shares of Metals Creek and 82,500 common shares of Benton to G2B Gold. The properties are subject to a 2 percent net smelter royalty held by G2B Gold, with the joint venture partners retaining the right to purchase half of that royalty for $1 million. No finders' fees were paid for the transaction.

Closing of the property acquisition is scheduled for five business days following the receipt of regulatory approval.

The acquisition consolidates land positions across the Deer Lake Basin and Parsons Pond areas, where Metals Creek and Benton hold exploration projects targeting natural white hydrogen and helium. Historical work across the properties includes anomalous helium values reaching up to 8,900 parts per billion in water collected from historic drill hole 79-67 at the Smoking Gun Prospect within the Deer Lake Basin.

Following the compilation of soil gas data from recent sampling programs, Metals Creek and Benton plan to design an inaugural drill program to test favourable targets across the project areas. Project operator Benton Resources also staked three new claims near the project between July 20 and September 1, 2026.

Read the full announcement: Metals Creek and Benton Announce Approval of Property Acquisitions