Workflow
Benton Resources Inc.
icon
Search documents
Benton Stakes Strategic Land at Its Dominion Lake Project with Base Metal Results in Historical Drilling
Newsfile· 2025-08-14 11:30
The Company is currently awaiting further gold and base metal results from its ongoing mapping and prospecting campaigns. In addition, permits have been received to conduct trenching work to expose any new zones and areas of interest for mapping and channel sampling in preparation for drilling later in the season. The Company acquired the Dominion Lake Project in 2024 after a large parcel of land became available for staking and has since assembled a substantial and highly prospective land position. August ...
Benton Resources Acquires Strategic Claims Directly Along Strike from Equinox Gold's Valentine Gold Mine in Central Newfoundland
Newsfile· 2025-08-13 11:30
Core Insights - Benton Resources Inc. has staked four licenses totaling 108 claim units directly along strike from Equinox Gold's Valentine Gold Mine in Central Newfoundland, increasing its total land package to 141 claims after acquiring additional licenses from Quest Inc. [1][2] Acquisition Details - The acquisition involves a one-time cash payment of $6,000 and the issuance of 200,000 shares for a 100% interest in Quest's claims, with Quest retaining a 2% Net Smelter Return (NSR) [2] - Benton has the option to buy back 1% of the NSR for $1.5 million and has granted Quest a 0.25% NSR on three of its staked claims [2] Geological Insights - A detailed compilation indicates that favorable gold structures continue towards Benton's new Victoria West Project, with soil sampling revealing anomalous gold values up to 169 parts per billion (ppb) [3] Strategic Importance - The acquisition is viewed as a strategic opportunity for Benton, complementing its gold and base metal project portfolio in Newfoundland, which is recognized as a top mining jurisdiction [7] - The company is exploring options for drill targeting on the newly acquired project [7] Company Overview - Benton Resources is a well-financed mineral exploration company listed on the TSX Venture Exchange, with a diversified property portfolio and significant equity positions in other mining companies [10] - The company is focused on advancing its high-grade Copper-Gold Great Burnt Project, which has a Mineral Resource estimate of 667,000 tonnes at 3.21% Copper Indicated and 482,000 tonnes at 2.35% Copper Inferred [11]
Sokoman Launches Exploration Reset: Deep Drill Holes at Moosehead, Copper/Gold Porphyry Potential at Crippleback Lake and New Drill Targets at Fleur de Lys
Newsfile· 2025-07-24 20:21
Sokoman Launches Exploration Reset: Deep Drill Holes at Moosehead, Copper/Gold Porphyry Potential at Crippleback Lake and New Drill Targets at Fleur de LysJuly 24, 2025 4:21 PM EDT | Source: Sokoman Minerals Corp.St. John's, Newfoundland and Labrador--(Newsfile Corp. - July 24, 2025) - Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) ("Sokoman" or the "Company") is pleased to provide the following updates on its core properties in central/north-central Newfoundland: Moosehead, Crippleback and ...
Vinland Completes Summer Fieldwork and Appoints Barry Sparkes as VP Exploration
Newsfile· 2025-07-24 16:32
Core Viewpoint - Vinland Lithium Inc. has successfully completed its summer exploration program at the Killick Lithium Project, focusing on lithium pegmatites in Newfoundland, and has appointed Barry Sparkes as the new VP of Exploration [1][2]. Exploration Program - The summer 2025 exploration program included prospecting, till sampling, geological mapping, and ground geophysical surveys [3][4]. - A total of 115 rock samples and 45 till samples were submitted for analysis, with a 60 line-kilometre ground magnetics survey conducted [4]. Project Background - The Killick Lithium Project was discovered in late-summer 2021, with significant lithium mineralization identified in multiple dykes [5][12]. - Notable drill results include 8.4 meters of 0.95% Li2O and 1.04% Li2O over 15.23 meters from different holes [5][13]. Recent Developments - The company has identified multiple spodumene-bearing pegmatite float samples in the Kraken South area, with assays returning up to 1.97% Li2O [7]. - The Hydra Cesium discovery has shown promising initial channel sample results, including 8.75% Cs2O over 1.2 meters [7][13]. Financial and Structural Information - Vinland is well-structured with approximately 10 million shares outstanding, with over 6 million held by insiders under a 36-month escrow provision [7]. - Piedmont Lithium Inc. has invested $2 million in Vinland, securing a 19.9% interest, and has the option to earn up to a 62.5% interest in Killick Lithium Inc. through further investment [7][10].
Homeland Announces Change in Auditor
Thenewswire· 2025-07-14 11:00
Group 1 - Homeland Nickel Inc. has changed its auditor from Scarrow and Donald, LLP to MNP LLP effective July 7, 2025, due to exposure to United States assets [1] - The Former Auditor resigned on January 30, 2025, and the board appointed the Successor Auditor until the next Annual General Meeting [1][2] - There were no modified opinions in the Former Auditor's reports for the last two financial years, and the resignation and appointment were approved by the board of directors [2] Group 2 - The Notice of Change of Auditor and required letters from both auditors have been reviewed by the audit committee and filed on SEDAR [3] - Homeland Nickel is focused on critical metal resources, with nickel projects in Oregon and copper and gold projects in Newfoundland [4] - The Company holds a significant portfolio of mining securities, including shares in Canada Nickel Company Inc., Noble Mineral Exploration Inc., Benton Resources Inc., and Magna Terra Minerals Inc. [4]
Sokoman Minerals Corp. Files for Final Approval of Non-Brokered Flow-Through Private-Placement Financing
Newsfile· 2025-06-10 19:12
Core Viewpoint - Sokoman Minerals Corp. is seeking final approval for its non-brokered flow-through private-placement financing, aiming to raise a total of CAD$400,000 through the issuance of 8,000,000 flow-through common shares [1][2]. Financing Details - The first tranche of the financing closed on April 30, 2025, with 6,000,000 flow-through common shares issued [2]. - Upon receiving Exchange approval, an additional 2,000,000 flow-through common shares will be issued, bringing the total to 8,000,000 shares [2]. - The company will pay CAD$6,000 in cash finders' fees for the second tranche, totaling CAD$24,000 in finders' fees for the entire financing [3]. Use of Proceeds - The gross proceeds from the sale of flow-through shares will be used to incur eligible Canadian exploration expenses, which qualify as flow-through mining expenditures, by December 31, 2026 [4]. - The company intends to allocate the flow-through proceeds specifically to its exploration projects [5]. Company Overview - Sokoman Minerals Corp. is a discovery-oriented company and one of the largest landholders in Newfoundland and Labrador, focusing on gold projects [6]. - The company's flagship project is the 100%-owned Moosehead project, along with other projects like Crippleback Lake and Fleur de Lys [6]. - The company has entered a strategic alliance with Benton Resources Inc. for joint-venture properties in Newfoundland [6]. Recent Developments - In October 2023, Sokoman and Benton completed an agreement with Piedmont Lithium Inc. to advance a lithium project [7].
Eric Sprott Announces Changes to His Holdings in Benton Resources Inc.
Newsfile· 2025-05-28 12:02
Core Viewpoint - Eric Sprott has announced a significant change in his holdings in Benton Resources Inc., specifically the expiration of 5,000,000 common share purchase warrants, which has led to a decrease in his ownership percentage of the company's outstanding shares [1][2]. Group 1 - The expiration of the warrants represents a decrease of approximately 5.0% in Sprott's holdings on a partially diluted basis since the last early warning report [1]. - Prior to the expiration, Sprott owned 28,750,000 shares and 8,125,000 warrants, equating to approximately 14.0% of the outstanding shares on a non-diluted basis and 17.3% on a partially diluted basis [1]. - Following the expiration, Sprott now holds 28,750,000 shares and 3,125,000 warrants, which translates to approximately 14.0% of the outstanding shares on a non-diluted basis and 15.3% on a partially diluted basis [2]. Group 2 - The changes in Sprott's holdings are attributed to the expiration of the warrants and previous new share issuances by Benton Resources Inc., resulting in a partially diluted ownership change of greater than 2% [2]. - The securities held by Sprott are for investment purposes, and he maintains a long-term view, indicating potential future acquisitions or sales depending on market conditions [3].
Sokoman Minerals Corp. Closes First Tranche of Critical Mineral Flow-Through Private Placement
Newsfile· 2025-05-07 20:59
Core Points - Sokoman Minerals Corp. has closed the first tranche of its CAD$400,000 non-brokered flow-through private-placement financing, raising CAD$300,000 through the sale of 6,000,000 FT common shares at CAD$0.05 each [1][2] - The company plans to utilize the proceeds from the financing to fund eligible Canadian exploration expenses, which will be renounced in favor of the subscribers of the FT Shares [4] - The company has received CAD$150,000 from the Government of Newfoundland and Labrador through the Mineral Incentive Program to support its exploration efforts [5] Financial Details - The first tranche of the financing includes cash finders' fees totaling CAD$18,000 and 360,000 non-transferable broker warrants exercisable at CAD$0.07 for one year [2] - The total treasury of the company is expected to strengthen to approximately CAD$1.3 million following this financing [2] Company Overview - Sokoman Minerals Corp. is a discovery-oriented company and one of the largest landholders in Newfoundland and Labrador, focusing primarily on gold projects [6] - The company's flagship projects include the Moosehead, Crippleback Lake, and Fleur de Lys projects, targeting Dalradian-type orogenic gold mineralization [6] - The company has entered a strategic alliance with Benton Resources Inc. for joint-venture properties in Newfoundland [6][7]
Sokoman Minerals Provides Update at Moosehead Gold Project, Central Newfoundland
Newsfile· 2025-05-02 11:30
Core Insights - Sokoman Minerals Corp. is preparing for the first of two bulk samples at the Moosehead Gold Project, scheduled for extraction in late May or early June 2025, depending on contractor availability and unforeseen factors [1][3] - The first bulk sample will involve approximately 1,000 cubic meters of mineralized rock with a weighted-average gold grade of 5.78 grams per tonne [2][3] - The company is in discussions for processing the conventional sample and expects a formal contract from Novamera Inc. for a second surgical sample to be extracted in Q4 2025 [3][4] Company Activities - The first bulk sample will utilize conventional drill and blast methods on the Western Trend [2] - P&E Mining Consultants has been contracted to provide a proposed pit shell and drill pattern for the sample extraction [2] - Novamera Inc. is finalizing hole locations for the second sample, which will also be approximately 1,000 cubic meters [3] Equipment and Logistics - The drill rig for the second sample is currently in transit from Europe after maintenance and will first be used for a similar bulk sample for Great Atlantic Resources [4] Analytical Techniques - Samples will be analyzed by Eastern Analytical Ltd. in Springdale, Newfoundland, using standard fire assay methods and total pulp metallic analysis [12][13] Company Overview - Sokoman Minerals Corp. is a discovery-oriented company focused on gold projects in Newfoundland and Labrador, including the Moosehead, Crippleback Lake, and Fleur de Lys projects [14] - The company has entered a strategic alliance with Benton Resources Inc. for joint-venture properties in Newfoundland [14] - In October 2023, Sokoman completed an agreement with Piedmont Lithium Inc. to advance a lithium project [15]
Sokoman Minerals Corp. Files for Conditional Approval, Closes First Tranche of Non-Brokered Flow-Through Private-Placement Financing
Newsfile· 2025-05-01 20:36
Core Viewpoint - Sokoman Minerals Corp. is seeking conditional approval for a CAD$400,000 non-brokered flow-through private-placement financing and has closed the first tranche, raising CAD$300,000 through the issuance of common shares [1][2]. Financing Details - The first tranche involves the issuance of 6,000,000 common shares at CAD$0.05, resulting in gross proceeds of CAD$300,000 [2]. - The company will pay cash finders' fees of CAD$18,000 and issue 360,000 non-transferable broker warrants exercisable at CAD$0.07 for one year [2]. - All securities issued are subject to a four-month and one-day hold period, with final approval dependent on the Exchange [3]. Use of Proceeds - The proceeds from the flow-through shares will be used to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures, as defined in the Income Tax Act (Canada), by December 31, 2026 [4]. - The company intends to allocate the flow-through proceeds specifically to its exploration projects [5]. Company Overview - Sokoman Minerals Corp. is a discovery-oriented company and one of the largest landholders in Newfoundland and Labrador, focusing on gold projects [6]. - The company's flagship projects include the Moosehead, Crippleback Lake, and Fleur de Lys projects, targeting Dalradian-type orogenic gold mineralization [6]. - The company has formed a strategic alliance with Benton Resources Inc. for joint-venture properties in Newfoundland [6]. Recent Developments - In October 2023, Sokoman and Benton completed an agreement with Piedmont Lithium Inc. to advance a lithium project [7]. - The East Alder Project has been optioned to Canterra Minerals Inc., and the Startrek Project has been optioned to Thunder Gold [8]. Acknowledgments - The company expresses gratitude to the Government of Newfoundland and Labrador for financial support of the Moosehead and Fleur de Lys Projects through the Junior Exploration Assistance Program [9].