Business
Benton Provides Additional Information Regarding Acquisition Agreement with Noble Minerals
Thunder Bay, Ontario--(Newsfile Corp. - October 30, 2025) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that, further to its October 14, 2025 news release, it has made a filing with the TSX Venture Exchange (the "Exchange") seeking approval of its purchase agreement to acquire a 100% interest in Noble Mineral Exploration Inc. ("Noble") Island Pond Property. The Island Pond Property consists of a single mineral license encompassing 7 claims covering 175...
About this update from Noble Mineral Exploration Inc.
[{"type":"text","content":"Thunder Bay, Ontario--(Newsfile Corp. - October 30, 2025) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that, further to its October 14, 2025 news release, it has made a filing with the TSX Venture Exchange (the "Exchange") seeking approval of its purchase agreement to acquire a 100% interest in Noble Mineral Exploration Inc. ("Noble") Island Pond Property. The Island Pond Property consists of a single mineral license encompassing 7 claims covering 175 hectares and is tied directly to the northern boundary of the Company's South Pond Gold Zone within the Great Burnt Copper-Gold project area in Newfoundland. Subject to Exchange approval, the Company will pay a one-time cash payment of $30,000 and issue 1,000,000 common shares to Noble.","length":839,"tagName":"p"},{"type":"text","content":"The shares will have a standard four-month hold period from the Exchange approval date and the project is subject to an underlying 2% Net Smelter Royalty (NSR) to an original underlying vendor and a 1% NSR to Noble. Benton will assume all rights of the original 2%, including the right to buy the NSR back for $1.5M, and a right-of-first-refusal for Noble's 1% NSR.","length":369,"tagName":"p"},{"type":"text","content":"The transaction with Noble was arm's length in nature and no finders' fees are being paid in connection with the purchase agreement.","length":140,"tagName":"p"},{"type":"text","content":"QP","length":2,"tagName":"p"},{"type":"text","content":"Stephen House (P.Geo.), Vice President of Exploration for Benton Resources Inc., the 'Qualified Person' under National Instrument 43-101, has approved the scientific and technical disclosure in this news release and prepared or supervised its preparation.","length":263,"tagName":"p"},{"type":"text","content":"QA/QC Protocols","length":15,"tagName":"p"},{"type":"text","content":"Core and rock samples, including standards, blanks and duplicates, are submitted to Eastern Analytical Ltd., Springdale, Newfoundland for preparation and analysis. All samples were acquired by saw-cut (channels/drill core) with one-half submitted for assay and one-half retained for reference, or hand (rocks) and delivered, by Benton personnel, in sealed bags, to the Springdale lab of Eastern Analytical, wh...