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Benton Resources raises $2M from Eric Sprott to advance hydrogen and helium projects in Newfoundland.

Company Fundamentals
02 Jun 2026
Newsfile Corp
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Bullish
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Benton Resources closed a $2 million private placement with investor Eric Sprott, issuing 28.57 million units at $0.07 each. Each unit includes one common share and one warrant exercisable at $0.10 for 36 months. This financing strengthens Benton's position to develop its natural hydrogen and helium prospects in Newfoundland, held jointly with Metals Creek Resources, and supports its broader critical minerals projects. Eric Sprott now holds about 19.7% of Benton on a non-diluted basis and 27.6% fully diluted, reinforcing his role as the largest shareholder.

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