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Benton Provides Update on Its Stake in Clean Air Metals Inc. - New PEA Delivers C$219.4M pre-tax NPV, 39% IRR for the Thunder Bay North Project
Thunder Bay, Ontario--(Newsfile Corp. - October 9, 2025) - Benton Resources Inc . (TSXV: BEX)&#x...
About this update from Benton Resources, Inc.
[{"type":"text","content":"Benton Provides Update on Its Stake in Clean Air Metals Inc. - New PEA Delivers C$219.4M pre-tax NPV, 39% IRR for the Thunder Bay North ProjectThunder Bay, Ontario--(Newsfile Corp. - October 9, 2025) - Benton Resources Inc. (TSXV: BEX) (\"Benton\" or the \"Company\") is pleased to announce that the newly announced Clean Air Metals PEA Delivers C$219.4 M pre-tax NPV, 39% IRR for the Thunder Bay North Project. See Clean Air Metals (TSXV: AIR) News Release date October 9, 2025. Benton current holds 24.6M shares or 9.8% of Clean Air Metals equity and retains a 0.5% Net Smelter Royalty (NSR) on the lower portion on the Thunder Bay North Deposit and all of the Escape Lake Deposit (see attached maps). All figures are in Canadian Dollars, unless specified otherwise.Highlights from the Clean Air announcement. The project has a $219.4M1 pre-tax NPV8 against a project capital cost of $89.5M. After-tax NPV of $157.5MThe pre-tax internal rate of return (IRR) is 39%, and the after-tax IRR is 32%At spot pricing1, pre-tax NPV8 totals $316M with pre-tax IRR of 52%The asset is designed from the ground up as a low-cost, high-margin producer with access to the first seven months from collaring the ramp portal. The project maximizes the use of temporary infrastructure and utilizes toll milling at a nearby facilityThe capital payback is 2.5 years from the start of production through healthy operating margins of 45%Baseline environmental studies are primarily completed to support future permitting of the projectThe Project is near the City of Thunder Bay, Canada, where key highway and electrical infrastructure and support are locatedThe Company has positive relationships and is working closely with nearby Indigenous communities to allow full and meaningful participation in the projectThe resource has been updated with additional drilling and new pricing, highlighting a 14.9M tonne indicated resource grading 2.66 g/t 2PGE2, 0.40% Cu and 0.24% NiAdditionally, there are 2.49M tonnes of inferred resource grading 1.62 g/t 2PGE2, 0.31% Cu and 0.19% Ni. There are no reservesSOURCE: Clean Air Metals, Inc.Maps: Benton's Interest for Thunder Nay North and Escape Lake Deposits.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3657/269811_80bddeefd4003815_002full.jpgTo view an enhanced version of this graphi...