Benton Resources Key Executives
This section highlights Benton Resources's key executives, including their titles and compensation details.
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Benton Resources Earnings
This section highlights Benton Resources's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
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| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|
Financial Statements
Access annual & quarterly financial statements for Benton Resources, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | June 30, 2023 | June 30, 2022 | June 30, 2021 | June 30, 2020 | June 30, 2019 |
|---|---|---|---|---|---|
| Revenue | $- | $- | $- | $- | $- |
| Cost of Revenue | $76.03K | $74.88K | $69.06K | $62.02K | $23.48K |
| Gross Profit | $-76.03K | $-74.88K | $-69.06K | $-62.02K | $-23.48K |
| Gross Profit Ratio | - | - | - | - | - |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $751.51K | $989.87K | $967.78K | $891.45K | $683.20K |
| Selling and Marketing Expenses | $167.53K | $174.60K | $99.67K | $98.53K | $85.70K |
| Selling General and Administrative Expenses | $919.03K | $1.17M | $1.06M | $1.09M | $814.29K |
| Other Expenses | $68.85K | $33.66K | $57.33K | $12.00K | $9.79K |
| Operating Expenses | $3.30M | $1.17M | $1.06M | $1.09M | $814.29K |
| Cost and Expenses | $1.03M | $1.24M | $1.13M | $1.15M | $837.77K |
| Interest Income | $84.78K | $14.93K | $14.81K | $41.37K | $58.50K |
| Interest Expense | $-1 | $20.14K | $23.62K | $- | $- |
| Depreciation and Amortization | $76.03K | $74.88K | $69.06K | $62.02K | $23.48K |
| EBITDA | $-956.33K | $-1.17M | $-1.06M | $-1.09M | $-814.29K |
| EBITDA Ratio | - | - | - | - | - |
| Operating Income | $-986.41K | $-1.24M | $-1.13M | $-1.15M | $-837.77K |
| Operating Income Ratio | - | - | - | - | - |
| Total Other Income Expenses Net | $-2.22M | $-5.14M | $-188.22K | $6.30M | $-181.21K |
| Income Before Tax | $-3.21M | $-6.36M | $-1.31M | $3.41M | $-1.33M |
| Income Before Tax Ratio | - | - | - | - | - |
| Income Tax Expense | $-319.66K | $-222.90K | $-249.13K | $-26.52K | $3 |
| Net Income | $-2.89M | $-6.14M | $-1.06M | $3.44M | $-1.33M |
| Net Income Ratio | - | - | - | - | - |
| EPS | $-0.02 | $-0.05 | $-0.01 | $0.04 | $-0.02 |
| EPS Diluted | $-0.02 | $-0.05 | $-0.01 | $0.04 | $-0.02 |
| Weighted Average Shares Outstanding | 144.97M | 126.20M | 100.42M | 85.97M | 84.05M |
| Weighted Average Shares Outstanding Diluted | 144.97M | 126.20M | 100.42M | 85.97M | 84.05M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cost of Revenue | $7.86K | $8.28K | $18.85K | $18.65K | $20.16K | $17.14K | $19.01K | $19.70K | $18.66K | $18.66K | $25.39K | $17.00K | $16.32K | $16.17K | $19.10K | $17.79K | $17.10K | $15.08K | $16.09K | $15.49K |
| Gross Profit | $-7.86K | $-8.28K | $-18.85K | $-18.65K | $-20.16K | $-17.14K | $-19.01K | $-19.70K | $-18.66K | $-18.66K | $-25.39K | $-17.00K | $-16.32K | $-16.17K | $-19.10K | $-17.79K | $-17.10K | $-15.08K | $-16.09K | $-15.49K |
| Gross Profit Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $244.54K | $311.59K | $281.28K | $262.76K | $245.53K | $171.69K | $155.81K | $183.91K | $225.23K | $186.56K | $177.72K | $254.52K | $244.76K | $312.88K | $179.03K | $253.94K | $238.58K | $296.23K | $241.84K | $260.14K |
| Selling and Marketing Expenses | $94.69K | $41.34K | $61.55K | $91.53K | $61.31K | $20.06K | $31.36K | $48.56K | $56.02K | $31.58K | $41.75K | $40.49K | $38.45K | $53.90K | $31.05K | $37.56K | $18.64K | $12.42K | $12.35K | $13.11K |
| Selling General and Administrative Expenses | $339.23K | $352.92K | $342.83K | $352.66K | $305.07K | $203.37K | $183.60K | $236.25K | $280.76K | $221.42K | $215.51K | $304.52K | $280.67K | $367.05K | $209.90K | $294.97K | $257.22K | $308.65K | $254.20K | $273.25K |
| Other Expenses | $16.72K | $-361.20K | $3.52K | $75.40K | $1.60K | $18.23K | $32.15K | $5.95K | $9.76K | $20.99K | $13.21K | $8.30K | $9.15K | $3.00K | $4.23K | $3.00K | $46.40K | $3.70K | $3.00K | $6.00K |
| Operating Expenses | $355.95K | $-8.28K | $346.35K | $352.66K | $305.07K | $203.37K | $183.60K | $236.25K | $280.76K | $221.42K | $215.51K | $304.52K | $280.67K | $367.05K | $209.90K | $294.97K | $260.03K | $312.88K | $268.18K | $293.26K |
| Cost and Expenses | $363.81K | $364.01K | $365.20K | $371.31K | $325.23K | $220.51K | $202.61K | $255.95K | $299.42K | $240.08K | $240.90K | $321.51K | $296.99K | $383.22K | $229.00K | $312.76K | $277.13K | $327.95K | $284.26K | $308.75K |
| Interest Income | $27.11K | $36.02K | $35.42K | $29.33K | $25.28K | $30.98K | $47.64K | $28.25K | $14.29K | $10.46K | $5.32K | $2.96K | $2.13K | $4.51K | $3.02K | $4.12K | $3.28K | $4.40K | $3.94K | $7.58K |
| Interest Expense | $- | $- | $- | $2.62K | $2.92K | $3.26K | $3.57K | $3.78K | $4.10K | $4.41K | $4.67K | $4.83K | $5.15K | $5.48K | $5.74K | $5.78K | $- | $- | $- | $- |
| Depreciation and Amortization | $7.86K | $8.28K | $18.85K | $18.65K | $20.16K | $17.14K | $19.01K | $19.70K | $18.66K | $18.66K | $25.39K | $17.00K | $16.32K | $16.17K | $19.10K | $17.79K | $17.10K | $15.08K | $16.09K | $15.49K |
| EBITDA | $-355.95K | $-355.73K | $-346.35K | $-352.66K | $-366.18K | $-206.63K | $-187.17K | $-240.03K | $-285.37K | $-237.09K | $-219.54K | $-309.35K | $-285.82K | $-372.53K | $-215.64K | $-300.75K | $-271.00K | $-312.88K | $-284.01K | $-293.26K |
| EBITDA Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $-363.81K | $- | $-365.20K | $-371.31K | $-325.23K | $-220.51K | $-202.61K | $-255.95K | $-299.42K | $-240.08K | $-240.90K | $-321.51K | $-296.99K | $-383.22K | $-229.00K | $-312.76K | $-2.51M | $1.36M | $-6.19M | $-313.51K |
| Operating Income Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Other Income Expenses Net | $-116.05K | $230.75K | $-4.71M | $-690.04K | $2.78M | $-279.93K | $-445.07K | $-1.61M | $-62.54K | $-89.39K | $-2.68M | $455.55K | $828.95K | $-3.72M | $-1.48M | $710.34K | $2.29M | $-1.69M | $5.91M | $18.34K |
| Income Before Tax | $-479.86K | $230.75K | $-5.08M | $-1.06M | $2.52M | $-503.71K | $-647.68K | $-1.87M | $-364.52K | $-329.47K | $-2.92M | $134.04K | $527.83K | $-4.10M | $-1.71M | $398.39K | $2.01M | $-2.01M | $5.62M | $-290.40K |
| Income Before Tax Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Income Tax Expense | $-95.20K | $-62.36K | $-270.28K | $-229.72K | $-171.08K | $-88.23K | $-104.66K | $-16.04K | $-62.78K | $-136.19K | $-42.97K | $-76.20K | $-46.63K | $-57.74K | $-39.54K | $-73.08K | $-51.18K | $-86.56K | $-22.68K | $-3.84K |
| Net Income | $-384.66K | $293.10K | $-4.81M | $-834.25K | $2.68M | $-415.48K | $-543.02K | $-1.85M | $-301.74K | $-193.28K | $-2.88M | $210.25K | $574.46K | $-4.05M | $-1.67M | $471.47K | $2.06M | $-1.92M | $5.65M | $-286.56K |
| Net Income Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS | $0.00 | $0.00 | $-0.03 | $0.00 | $0.02 | $0.00 | $0.00 | $-0.01 | $0.00 | $0.00 | $-0.02 | $0.00 | $0.00 | $-0.04 | $-0.01 | $0.00 | $0.02 | $-0.02 | $0.06 | $0.00 |
| EPS Diluted | $0.00 | $0.00 | $-0.03 | $0.00 | $0.02 | $0.00 | $0.00 | $-0.01 | $0.00 | $0.00 | $-0.02 | $0.00 | $0.00 | $-0.04 | $-0.01 | $0.00 | $0.02 | $-0.02 | $0.06 | $0.00 |
| Weighted Average Shares Outstanding | 189.14M | - | 189.14M | 172.97M | 166.48M | 150.99M | 150.07M | 150.07M | 140.15M | 139.75M | 139.52M | 124.99M | 122.19M | 115.66M | 115.63M | 110.02M | 103.11M | 101.39M | 97.09M | 87.07M |
| Weighted Average Shares Outstanding Diluted | 189.14M | - | 189.14M | 172.97M | 168.41M | 150.99M | 150.07M | 150.07M | 140.15M | 139.75M | 139.52M | 129.20M | 126.51M | 115.66M | 115.63M | 110.02M | 103.11M | 101.39M | 88.35M | 87.07M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | June 30, 2024 | June 30, 2023 | June 30, 2022 | June 30, 2021 | June 30, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $340.95K | $462.79K | $3.76M | $2.22M | $895.57K |
| Short Term Investments | $3.03M | $2.30M | $1.15M | $1.12M | $1.22M |
| Cash and Short Term Investments | $3.37M | $2.76M | $4.91M | $3.34M | $2.11M |
| Net Receivables | $340.69K | $1.05M | $667.83K | $170.48K | $48.93K |
| Inventory | $- | $- | $- | $- | $- |
| Other Current Assets | $142.48K | $1.79M | $3.05M | $2.35M | $797.73K |
| Total Current Assets | $3.86M | $3.99M | $5.75M | $3.66M | $2.20M |
| Property Plant Equipment Net | $3.75M | $202.61K | $264.79K | $264.10K | $272.28K |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- |
| Long Term Investments | $5.57M | $1.66M | $4.34M | $9.57M | $9.87M |
| Tax Assets | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $21.43K | $6.48M | $3.95M | $2.05M | $420.80K |
| Total Non-Current Assets | $9.35M | $8.35M | $8.56M | $11.89M | $10.56M |
| Other Assets | $- | $- | $0 | $- | $-0 |
| Total Assets | $13.21M | $12.33M | $14.31M | $15.55M | $12.76M |
| Account Payables | $- | $347 | $491 | $129 | $137 |
| Short Term Debt | $1.73K | $49.41K | $43.19K | $43.41K | $33.86K |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $-347 | $-491 | $-129 | $-137 |
| Other Current Liabilities | $882.12K | $686.20K | $989.88K | $435.35K | $307.17K |
| Total Current Liabilities | $883.85K | $735.96K | $1.03M | $478.89K | $341.17K |
| Long Term Debt | $- | $78.26K | $128.16K | $171.27K | $189.36K |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $-1 | $- | $-1 |
| Total Non-Current Liabilities | $- | $78.26K | $128.16K | $171.27K | $189.35K |
| Other Liabilities | $- | $- | $1 | $- | $1 |
| Total Liabilities | $883.85K | $814.22K | $1.16M | $650.16K | $530.52K |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $37.38M | $34.12M | $33.14M | $30.73M | $28.54M |
| Retained Earnings | $-31.90M | $-28.52M | $-25.63M | $-19.49M | $-18.43M |
| Accumulated Other Comprehensive Income Loss | $6.85M | $5.92M | $5.64M | $3.66M | $2.11M |
| Other Total Stockholders Equity | $- | $- | $- | $- | $- |
| Total Stockholders Equity | $12.32M | $11.52M | $13.15M | $14.90M | $12.23M |
| Total Equity | $12.32M | $11.52M | $13.15M | $14.90M | $12.23M |
| Total Liabilities and Stockholders Equity | $13.21M | $12.33M | $14.31M | $15.55M | $12.76M |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $13.21M | $12.33M | $14.31M | $15.55M | $12.76M |
| Total Investments | $8.61M | $3.96M | $5.49M | $10.69M | $11.08M |
| Total Debt | $1.73K | $127.67K | $171.35K | $214.68K | $223.22K |
| Net Debt | $-339.22K | $-335.12K | $-3.59M | $-2.00M | $-672.35K |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $1.18M | $546.00K | $340.95K | $1.05M | $1.68M | $767.81K | $462.79K | $62.74K | $2.72M | $1.87M | $3.76M | $4.51M | $2.76M | $1.48M | $2.22M | $629.04K | $520.02K | $22.24K | $131.32K | $120.76K |
| Short Term Investments | $713.43K | $1.63M | $3.03M | $1.13M | $1.12M | $1.72M | $2.30M | $4.30M | $1.29M | $1.15M | $1.15M | $1.15M | $1.15M | $1.17M | $1.12M | $1.25M | $1.27M | $1.24M | $1.22M | $1.26M |
| Cash and Short Term Investments | $1.89M | $2.18M | $3.37M | $2.18M | $2.79M | $2.49M | $2.76M | $4.37M | $4.01M | $3.03M | $4.91M | $5.66M | $3.90M | $2.65M | $3.34M | $1.88M | $1.79M | $1.26M | $1.35M | $1.38M |
| Net Receivables | $448.35K | $587.32K | $340.69K | $208.45K | $214.22K | $532.17K | $1.05M | $105.35K | $813.99K | $1.20M | $667.83K | $370.67K | $394.61K | $328.80K | $170.48K | $72.00K | $106.02K | $21.47K | $48.93K | $20.77K |
| Inventory | $- | $- | $- | $- | $0 | $- | $- | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $-106.02K | $-21.47K | $-48.93K | $-20.77K |
| Other Current Assets | $1.29M | $867.17K | $142.48K | $940.71K | $1.67M | $1.26M | $1.79M | $2.54M | $2.62M | $1.87M | $3.05M | $3.66M | $2.56M | $1.90M | $2.35M | $315.98K | $883.79K | $593.24K | $797.73K | $256.07K |
| Total Current Assets | $3.63M | $3.63M | $3.86M | $2.47M | $3.10M | $3.19M | $3.99M | $4.63M | $4.99M | $4.38M | $5.75M | $6.22M | $4.46M | $3.14M | $3.66M | $2.00M | $2.78M | $1.88M | $2.20M | $1.66M |
| Property Plant Equipment Net | $5.13M | $4.40M | $3.75M | $167.89K | $186.54K | $185.46K | $202.61K | $221.61K | $227.46K | $246.12K | $264.79K | $219.37K | $232.73K | $247.93K | $264.10K | $268.98K | $1.28M | $877.83K | $693.08K | $3.82M |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $5.74M | $5.99M | $5.57M | $6.55M | $7.37M | $1.37M | $1.66M | $2.18M | $3.83M | $4.14M | $4.34M | $7.04M | $6.59M | $5.76M | $9.57M | $11.05M | $10.34M | $8.13M | $9.87M | $443.96K |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $13.43K | $17.49K | $21.43K | $6.45M | $5.71M | $7.70M | $6.48M | $5.70M | $5.62M | $5.17M | $3.95M | $3.31M | $2.95M | $2.52M | $2.05M | $1.55M | $- | $- | $- | $- |
| Total Non-Current Assets | $10.88M | $10.41M | $9.35M | $13.17M | $13.26M | $9.25M | $8.35M | $8.11M | $9.68M | $9.55M | $8.56M | $10.56M | $9.77M | $8.53M | $11.89M | $12.87M | $11.62M | $9.01M | $10.56M | $4.27M |
| Other Assets | $- | $- | $- | $- | $- | $0 | $- | $- | $1 | $- | $0 | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $14.51M | $14.05M | $13.21M | $15.64M | $16.36M | $12.45M | $12.33M | $12.74M | $14.67M | $13.94M | $14.31M | $16.79M | $14.23M | $11.67M | $15.55M | $14.86M | $14.40M | $10.89M | $12.76M | $5.93M |
| Account Payables | $- | $- | $- | $422.37K | $159 | $260 | $347 | $107 | $147 | $407 | $491 | $148.97K | $211.29K | $175.06K | $129.08K | $127.05K | $135.31K | $77.57K | $136.64K | $19.05K |
| Short Term Debt | $- | $- | $1.73K | $49.33K | $50.06K | $50.60K | $49.41K | $48.14K | $45.45K | $44.31K | $43.19K | $42.09K | $42.16K | $42.84K | $43.41K | $43.10K | $42.19K | $40.65K | $33.86K | $32.97K |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $-422.37K | $-159 | $-260 | $-347 | $-107 | $-147 | $-407 | $-491 | $-148.97K | $-211.29K | $-175.06K | $-129.08K | $-127.05K | $-135.31K | $-77.57K | $-136.64K | $-19.05K |
| Other Current Liabilities | $633.43K | $529.06K | $882.12K | $270.28K | $688.83K | $540.35K | $686.20K | $543.18K | $617.69K | $755.58K | $989.88K | $543.11K | $313.06K | $244.82K | $306.40K | $51.35K | $119.42K | $96.20K | $170.66K | $88.21K |
| Total Current Liabilities | $633.43K | $529.06K | $883.85K | $741.97K | $739.05K | $591.21K | $735.96K | $591.43K | $663.28K | $800.29K | $1.03M | $734.17K | $566.51K | $462.72K | $478.89K | $221.50K | $296.92K | $214.42K | $341.17K | $140.23K |
| Long Term Debt | $- | $- | $- | $43.67K | $53.54K | $65.21K | $78.26K | $91.08K | $104.88K | $116.69K | $128.16K | $139.24K | $150.62K | $161.05K | $171.27K | $179.01K | $190.16K | $201.11K | $189.36K | $198.12K |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $- | $- | $- | $-1 | $- | $- | $- | $-1 | $-1 | $- | $-1 | $- | $- | $- | $- | $- | $- | $- |
| Total Non-Current Liabilities | $- | $- | $- | $43.67K | $53.54K | $65.20K | $78.26K | $91.08K | $104.88K | $116.69K | $128.16K | $139.24K | $150.62K | $161.05K | $171.27K | $179.01K | $190.16K | $201.11K | $189.36K | $198.12K |
| Other Liabilities | $- | $- | $- | $- | $- | $1 | $- | $- | $- | $1 | $1 | $- | $1 | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $633.43K | $529.06K | $883.85K | $785.63K | $792.59K | $656.42K | $814.22K | $682.51K | $768.16K | $916.98K | $1.16M | $873.41K | $717.12K | $623.77K | $650.16K | $400.51K | $487.09K | $415.53K | $530.52K | $338.35K |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $0 | $- | $- | $- |
| Common Stock | $38.47M | $37.95M | $37.38M | $35.63M | $35.53M | $34.80M | $34.12M | $34.12M | $34.12M | $33.16M | $33.14M | $33.07M | $31.86M | $30.74M | $30.73M | $29.36M | $29.36M | $28.54M | $28.54M | $27.73M |
| Retained Earnings | $-31.99M | $-31.61M | $-31.90M | $-27.10M | $-26.26M | $-28.94M | $-28.52M | $-27.98M | $-26.12M | $-25.82M | $-25.63M | $-22.75M | $-22.96M | $-23.54M | $-19.49M | $-17.82M | $-18.29M | $-20.35M | $-18.43M | $-24.08M |
| Accumulated Other Comprehensive Income Loss | $7.40M | $7.18M | $6.85M | $6.32M | $6.30M | $5.92M | $5.92M | $5.91M | $5.90M | $5.68M | $5.64M | $5.60M | $4.62M | $3.84M | $3.66M | $2.92M | $2.84M | $2.28M | $2.11M | $1.94M |
| Other Total Stockholders Equity | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-0 | $- | $- | $- |
| Total Stockholders Equity | $13.88M | $13.52M | $12.32M | $14.86M | $15.57M | $11.79M | $11.52M | $12.06M | $13.90M | $13.02M | $13.15M | $15.91M | $13.52M | $11.04M | $14.90M | $14.46M | $13.91M | $10.47M | $12.23M | $5.59M |
| Total Equity | $13.88M | $13.52M | $12.32M | $14.86M | $15.57M | $11.79M | $11.52M | $12.06M | $13.90M | $13.02M | $13.15M | $15.91M | $13.52M | $11.04M | $14.90M | $14.46M | $13.91M | $10.47M | $12.23M | $5.59M |
| Total Liabilities and Stockholders Equity | $14.51M | $14.05M | $13.21M | $15.64M | $16.36M | $12.45M | $12.33M | $12.74M | $14.67M | $13.94M | $14.31M | $16.79M | $14.23M | $11.67M | $15.55M | $14.86M | $14.40M | $10.89M | $12.76M | $5.93M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $14.51M | $14.05M | $13.21M | $15.64M | $16.36M | $12.45M | $12.33M | $12.74M | $14.67M | $13.94M | $14.31M | $16.79M | $14.23M | $11.67M | $15.55M | $14.86M | $14.40M | $10.89M | $12.76M | $5.93M |
| Total Investments | $6.45M | $7.63M | $8.61M | $7.68M | $8.48M | $3.09M | $3.96M | $6.49M | $5.11M | $5.29M | $5.49M | $8.19M | $7.74M | $6.92M | $10.69M | $12.30M | $11.61M | $9.37M | $11.08M | $1.70M |
| Total Debt | $- | $- | $1.73K | $92.99K | $103.60K | $115.81K | $127.67K | $139.23K | $150.33K | $161.00K | $171.35K | $181.33K | $192.78K | $203.89K | $214.68K | $222.11K | $232.35K | $241.76K | $223.22K | $231.09K |
| Net Debt | $-1.18M | $-546.00K | $-339.22K | $-959.81K | $-1.57M | $-652.00K | $-335.12K | $76.48K | $-2.57M | $-1.71M | $-3.59M | $-4.33M | $-2.56M | $-1.28M | $-2.00M | $-406.93K | $-287.67K | $219.52K | $91.89K | $110.33K |
Annual Cash Flow
| Breakdown | June 30, 2024 | June 30, 2023 | June 30, 2022 | June 30, 2021 | June 30, 2020 |
|---|---|---|---|---|---|
| Net Income | $-3.38M | $-2.89M | $-6.14M | $-1.06M | $3.44M |
| Depreciation and Amortization | $74.80K | $76.03K | $74.88K | $69.06K | $62.02K |
| Deferred Income Tax | $-811.51K | $-331.44K | $-222.90K | $-250.35K | $-26.52K |
| Stock Based Compensation | $85.22K | $84.22K | $419.58K | $407.21K | $121.21K |
| Change in Working Capital | $1.28M | $-523.22K | $-164.26K | $-229.32K | $188.96K |
| Accounts Receivables | $720.96K | $-379.18K | $-497.34K | $-121.55K | $24.43K |
| Inventory | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $- | $- | $- | $- |
| Other Working Capital | $560.20K | $-144.04K | $333.09K | $-107.77K | $164.53K |
| Other Non Cash Items | $3.08M | $2.38M | $5.16M | $205.43K | $-4.51M |
| Net Cash Provided by Operating Activities | $326.55K | $-1.20M | $-867.21K | $-859.98K | $-731.73K |
| Investments in Property Plant and Equipment | $-78.00K | $-4.63M | $-3.19M | $-1.68M | $-3.66M |
| Acquisitions Net | $- | $- | $3.68K | $5.00K | $1.00K |
| Purchases of Investments | $- | $- | $-3.68K | $-20.70K | $-160.00K |
| Sales Maturities of Investments | $53.37K | $124.75K | $36.30K | $85.10K | $2.23M |
| Other Investing Activities | $-3.50M | $2.32M | $1.37M | $158.35K | $80.96K |
| Net Cash Used for Investing Activities | $-3.52M | $-2.18M | $-1.79M | $-1.45M | $-1.50M |
| Debt Repayment | $-34.85K | $-59.54K | $-63.47K | $-71.89K | $-55.62K |
| Common Stock Issued | $3.93M | $1.38M | $4.43M | $3.70M | $1.30M |
| Common Stock Repurchased | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- |
| Other Financing Activities | $-65.26K | $-84.23K | $-142.91K | $-95.90K | $-82.22K |
| Net Cash Used Provided by Financing Activities | $3.83M | $1.23M | $4.22M | $3.53M | $1.16M |
| Effect of Forex Changes on Cash | $- | $-1.15M | $-31.96K | $99.93K | $-1.22M |
| Net Change in Cash | $628.99K | $-3.30M | $1.54M | $1.32M | $-2.29M |
| Cash at End of Period | $3.39M | $462.79K | $3.76M | $2.22M | $895.57K |
| Cash at Beginning of Period | $2.76M | $3.76M | $2.22M | $895.57K | $3.18M |
| Operating Cash Flow | $326.55K | $-1.20M | $-867.21K | $-859.98K | $-731.73K |
| Capital Expenditure | $-78.00K | $-4.63M | $-3.19M | $-1.68M | $-3.66M |
| Free Cash Flow | $248.56K | $-5.83M | $-4.06M | $-2.54M | $-4.39M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-384.66K | $293.10K | $-4.81M | $-834.25K | $2.68M | $-415.48K | $-543.02K | $-1.85M | $-301.74K | $-193.28K | $-2.88M | $210.25K | $574.46K | $-4.05M | $-1.67M | $471.47K | $2.06M | $-1.92M | $5.65M | $-286.56K |
| Depreciation and Amortization | $7.86K | $8.28K | $18.85K | $18.65K | $20.16K | $17.14K | $19.01K | $19.70K | $18.66K | $18.66K | $25.39K | $17.00K | $16.32K | $16.17K | $19.10K | $17.79K | $17.10K | $15.08K | $16.09K | $15.49K |
| Deferred Income Tax | $-95.20K | $-62.36K | $-270.28K | $-229.72K | $-223.28K | $-88.23K | $-104.66K | $-16.04K | $-63.29K | $-147.45K | $-42.32K | $-76.20K | $-46.63K | $-57.74K | $-39.54K | $-73.07K | $-51.18K | $-86.56K | $-22.68K | $-3.84K |
| Stock Based Compensation | $64.18K | $84.87K | $19.74K | $21.37K | $41.37K | $2.74K | $5.00K | $12.55K | $26.09K | $40.59K | $50.16K | $98.28K | $96.04K | $175.10K | $48.06K | $79.44K | $108.50K | $171.21K | $39.60K | $61.09K |
| Change in Working Capital | $-10.93K | $-700.41K | $281.56K | $251.89K | $279.09K | $468.61K | $-714.04K | $298.69K | $493.45K | $-601.33K | $60.84K | $-57.34K | $-50.45K | $-117.30K | $-189.96K | $44.74K | $-75.58K | $-8.52K | $93.99K | $55.45K |
| Accounts Receivables | $139.42K | $-246.18K | $-131.81K | $6.18K | $331.75K | $514.84K | $-941.66K | $352.13K | $744.31K | $-533.97K | $-297.16K | $23.95K | $-65.82K | $-158.31K | $-98.48K | $34.02K | $-85 | $27 | $-28 | $-7 |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $-150.36K | $-454.23K | $413.37K | $245.71K | $-52.65K | $-46.23K | $227.62K | $-53.44K | $-250.86K | $-67.36K | $358.00K | $-81.28K | $15.36K | $41.01K | $-91.48K | $10.72K | $-42 | $11 | $-0 | $57 |
| Other Non Cash Items | $168.68K | $-537.28K | $4.76M | $853.18K | $-2.81M | $327.20K | $524.86K | $1.65M | $89.14K | $120.84K | $2.70M | $-444.30K | $-827.31K | $3.74M | $1.48M | $-1.11M | $-2.25M | $1.69M | $-5.73M | $346.34K |
| Net Cash Provided by Operating Activities | $-250.07K | $-913.80K | $7.53K | $28.62K | $-13.07K | $311.98K | $-812.85K | $109.20K | $262.31K | $-761.97K | $-85.34K | $-252.32K | $-237.57K | $-291.98K | $-350.65K | $-569.55K | $-192.98K | $-146.23K | $40.40K | $187.95K |
| Investments in Property Plant and Equipment | $-25.52K | $-10.70K | $-32.49K | $-742.49K | $-1.25M | $-944.71K | $-1.60M | $-149.31K | $-764.85K | $-2.11M | $-1.13M | $-625.83K | $-692.59K | $-739.82K | $-507.70K | $-220.66K | $-9.24K | $-727 | $-227.57K | $-26 |
| Acquisitions Net | $- | $- | $- | $1.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $990 | $- | $- | $- | $55.00K | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-2.69K | $-989 | $438 | $65.54K | $-5.97K | $-778 | $20.56K | $-141.22K |
| Sales Maturities of Investments | $80.00K | $157.29K | $33.40K | $19.97K | $- | $- | $- | $- | $124.75K | $- | $- | $38.70K | $- | $36.30K | $- | $- | $51.90K | $33.20K | $- | $-100.31K |
| Other Investing Activities | $-687.79K | $-685.76K | $-1.02M | $398 | $28.31K | $380.66K | $826.82K | $57.35K | $437.80K | $999.58K | $449.30K | $226.15K | $331.08K | $324.94K | $83.35K | $10.61K | $-408.37K | $-140.09K | $-327.14K | $-25.88K |
| Net Cash Used for Investing Activities | $-633.31K | $-539.16K | $-1.02M | $-721.13K | $-1.22M | $-564.05K | $-778.09K | $-91.96K | $-202.31K | $-1.11M | $-680.64K | $-360.97K | $-364.20K | $-379.56K | $-423.91K | $-144.51K | $-371.68K | $-108.39K | $-534.15K | $-267.41K |
| Debt Repayment | $4.50K | $2.77K | $123 | $-8.73K | $-11.11K | $-15.13K | $-15.13K | $-14.88K | $-14.76K | $-14.76K | $-14.65K | $-16.28K | $-16.27K | $-16.27K | $-16.27K | $-16.02K | $-15.41K | $-24.18K | $-14.18K | $-15.23K |
| Common Stock Issued | $1.03M | $1.15M | $2.36M | $92.75K | $1.55M | $- | $- | $- | $1.30M | $- | $30.00K | $2.42M | $1.87M | $- | $2.26M | $- | $- | $- | $1.08M | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $-196 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-40.01K | $-154.80K | $-146.67K | $88.25K | $1.55M | $- | $- | $-4.23K | $940.12K | $- | $- | $-37.08K | $1.87M | $1 | $-12.79K | $- | $1.35M | $- | $-66.38K | $- |
| Net Cash Used Provided by Financing Activities | $990.42K | $994.38K | $2.22M | $79.52K | $1.54M | $-15.13K | $-15.13K | $337.39K | $925.36K | $-14.76K | $15.35K | $2.37M | $1.86M | $-16.27K | $2.23M | $-16.02K | $1.34M | $-24.18K | $1.00M | $-15.23K |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $608.09K | $572.22K | $2.01M | $-3.02M | $-132.68K | $-4.19K | $-1.36K | $-463 | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $107.03K | $-458.58K | $1.21M | $-625.30K | $910.29K | $305.02K | $400.05K | $-2.66M | $852.68K | $-1.89M | $-751.99K | $1.75M | $1.27M | $-734.72K | $342.23K | $-1.98M | $771.88K | $-278.81K | $509.72K | $-94.68K |
| Cash at End of Period | $3.04M | $2.93M | $3.39M | $1.05M | $1.68M | $767.81K | $462.79K | $62.74K | $2.72M | $1.87M | $3.76M | $4.51M | $2.76M | $1.48M | $2.22M | $629.04K | $2.61M | $1.83M | $2.11M | $1.60M |
| Cash at Beginning of Period | $2.93M | $3.39M | $2.18M | $1.68M | $767.81K | $462.79K | $62.74K | $2.72M | $1.87M | $3.76M | $4.51M | $2.76M | $1.48M | $2.22M | $1.88M | $2.61M | $1.83M | $2.11M | $1.60M | $1.70M |
| Operating Cash Flow | $-250.07K | $-913.80K | $7.53K | $28.62K | $-13.07K | $311.98K | $-812.85K | $109.20K | $262.31K | $-761.97K | $-85.34K | $-252.32K | $-237.57K | $-291.98K | $-350.65K | $-569.55K | $-192.98K | $-146.23K | $40.40K | $187.95K |
| Capital Expenditure | $-25.52K | $-10.70K | $-32.49K | $-742.49K | $-1.25M | $-944.71K | $-1.60M | $-149.31K | $-764.85K | $-2.11M | $-1.13M | $-625.83K | $-692.59K | $-739.82K | $-507.70K | $-220.66K | $-9.24K | $-727 | $-227.57K | $-26 |
| Free Cash Flow | $-275.60K | $-924.50K | $-24.96K | $-713.87K | $-1.26M | $-632.73K | $-2.42M | $-40.11K | $-502.55K | $-2.87M | $-1.22M | $-878.14K | $-930.16K | $-1.03M | $-858.35K | $-790.21K | $-202.22K | $-146.96K | $-187.17K | $187.93K |
Benton Resources Inc. operates as a mineral exploration company. It has a diversified property portfolio of gold, silver, nickel, copper, platinum group elements, and lithium assets. The company is advancing projects in Ontario, including flagship Far Lake Copper project located west of Thunder Bay, Ontario, as well as projects, such as the Abernethy, the Armit Lake, the Forester Lake, the Hele, and the Iron Duke projects. It also has strategic alliance with Sokoman Minerals Corp. through three joint-venture properties, including Grey River Gold, Golden Hope, and Kepenkeck in Newfoundland. Benton Resources Inc. was incorporated in 2011 and is headquartered in Thunder Bay, Canada.
$0.05
Stock Price
$10.28M
Market Cap
-
Employees
Thunder Bay, ON
Location
Revenue (FY 2023)
$-
0.0% YoY
Net Income (FY 2023)
$-2.89M
0.0% YoY
EPS (FY 2023)
$-0.02
0.0% YoY
Free Cash Flow (FY 2023)
$248.56K
104.3% YoY
Profitability
Gross Margin
0.0%
Net Margin
0.0%
ROE
-27.5%
ROA
-25.6%
Valuation
P/E Ratio
-8.50
P/S Ratio
0.00
EV/EBITDA
-7.24
Market Cap
$10.28M
Revenue & Net Income
Profit Margins
Cash Flow Summary
Operating Cash Flow
$326.55K
127.1% YoY
Free Cash Flow
$248.56K
104.3% YoY
Balance Sheet Summary
Total Assets
$13.21M
7.1% YoY
Total Debt
$1.73K
98.6% YoY
Shareholder Equity
$12.32M
-100.0% YoY
Dividend Overview
No Dividend Data
Benton Resources Inc. doesn't currently pay dividends.
Benton Resources Dividends
Explore Benton Resources's dividend history, including dividend yield, payout ratio, and historical payments.
Benton Resources News
Read the latest news about Benton Resources, including recent articles, headlines, and updates.
Benton Resources Inc. Updates Vinland Shares Spin-Out
Thunder Bay, Ontario--(Newsfile Corp. - April 28, 2025) - Further to its April 25, 2025 news release, Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") announces that the Company's planned spin-out of approximately half of its shares of Vinland Lithium Inc has been completed. Accounts holding at least 5,000 Benton shares will see approximately 50 Vinland shares credited for each 5,000 Benton shares owned with the credit effective Wednesday April 30, 2025.
Benton Resources Inc. Completes Vinland Shares Spin-Out
Thunder Bay, Ontario--(Newsfile Corp. - April 25, 2025) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") announces that the Company's planned spin-out of approximately half of its shares of Vinland Lithium Inc has been completed. Accounts holding at least 5,000 Benton shares will see approximately 50 Vinland shares credited for each 5,000 Benton shares owned with the credit effective Wednesday April 30, 2025.
Benton Resources Inc. Spins-out Shares of Vinland Lithium Inc.
Thunder Bay, Ontario--(Newsfile Corp. - April 21, 2025) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") announces that at its annual shareholder meeting held March 21, 2025 Benton shareholders approved a special resolution (two-thirds of votes cast) to reorganize Benton's share capital to facilitate a spin-out to shareholders of approximately 2 million of Benton's 4 million common shares of Vinland Lithium Inc. ("Vinland"). Vinland holds the Killick lithium project and is currently owned by Benton (40%), Sokoman Minerals Corp. (40%) and Piedmont Lithium Newfoundland Holdings LLC (Piedmont") a wholly owned subsidiary of NASDAQ listed Piedmont Lithium Inc. (20%).
Benton Intersects 5.97% Copper over 14.70 m at Great Burnt Main Zone and Discovers New Copper-Gold Zones 200 m North
Significant Highlights from ongoing and current results: Expanded the Great Burnt Main Deposit from 850 to 950 m down plunge Cut wide zone of high-grade copper in historical low-grade area Successfully confirmed copper-gold in footwall zone Off-hole EM indicates Great Burnt Main Deposit mineralization continues down plunge Discovery of new copper-gold horizon 200 m north of Great Burnt Main Deposit New mineralized zone shows off-hole EM conductor Thunder Bay, Ontario--(Newsfile Corp. - April 2, 2025) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that it has expanded the Great Burnt Main Zone ("GBMZ") down plunge to 950 m in strike length. Drill hole GB-25-53, a 100 m step out from GB-23-45, intersected a wide zone of copper ("Cu") mineralization grading 0.77% Cu over 32.10 m, including 1.12% Cu over 18.97 m, 1.83% Cu over 8.63 m, 2.41% Cu over 5.25 m and 4.34% Cu over 1.00 m within the broader 32.10 m interval (Table 1, Figure 1).
Benton Resources Inc. to Seek Shareholders Approval to Spin-out Shares of Vinland Lithium Inc.
Thunder Bay, Ontario--(Newsfile Corp. - November 25, 2024) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") announces that it has filed Management Proxy Materials under its profile on sedarplus.ca for its annual and special meeting of shareholders (the "Meeting"). The Meeting is currently set to be held January 8, 2025 in Vancouver, BC although the actual date is likely to change as a result of the Canadian postal strike.
Benton Resources Inc. Announces C$3,600,300 "Best Efforts" Private Placement of Flow-Through Units
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES THUNDER BAY, Ontario, July 17, 2024 (GLOBE NEWSWIRE) -- Benton Resources Inc. ("Benton" or the “Company”) (TSXV: BEX) is pleased to announce that it has entered into an agreement with Haywood Securities Inc. (“Haywood”), as lead agent and sole bookrunner, on its own behalf and on behalf of a syndicate of agents (together with Haywood, the “Agents”) pursuant to which the Agents have agreed to sell, on a "best efforts" private placement basis, up to 21,820,000 flow-through units (the “Flow-Through Units”) of the Company at a price of C$0.165 per Flow-Through Unit (the “Issue Price”), for gross proceeds to the Company of up to C$3,600,300 (the “Offering”). Each Flow-Through Unit will consist of one common share in the capital of the Company (a “Flow-Through Share”) will qualify as a “flow-through share” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”) and one-half of one common share purchase warrant of the Corporation (each whole purchase warrant, a “Warrant”).
Benton Drills 7.25% Cu over 4.50 m Including 18.65% Cu over 1.10 m at Great Burnt Copper Deposit; Appoints Alan King as Advisor to the Company and Provides Update
Thunder Bay, Ontario--(Newsfile Corp. - April 17, 2024) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that it has received further high-grade copper results from the Great Burnt Copper Deposit in Newfoundland further delineating the high-grade copper core. In addition, the Company's ongoing efforts and interpretation of the recently completed down-hole geophysical program have confirmed a highly conductive anomaly extending to the south and along strike from hole GB-24-34.
Eric Sprott Announces Changes to His Holdings in Benton Resources Inc.
Toronto, Ontario--(Newsfile Corp. - March 22, 2024) - Eric Sprott announces that, on March 21, 2024, 12,500,000 common share purchase warrants (Warrants) of Benton Resources Inc., (held by 2176423 Ontario Ltd., a corporation he beneficially owns) expired unexercised representing a decrease in holdings of approximately 5.3% of the outstanding common shares (Shares) on a partially diluted basis since the date of the last early warning report.
Benton Resources to Attend PDAC 2024 and Present at the Canada's Atlantic Edge Event on March 5
Toronto, Ontario--(Newsfile Corp. - February 20, 2024) - Benton Resources Inc. ("Benton" or the "Company") (TSXV: BEX) is pleased to announce that the Company will be attending the Prospectors and Developers Association of Canada ("PDAC") conference on March 3-6, 2024, in Toronto, Canada. Benton's representatives, including members of senior management, technical staff, and investor relations, will be happy to meet with investors and other interested parties at its Booth 3111 (Core Shack) and 2117 (Investors Exchange) at the Metro Toronto Convention Centre.
Spruce Ridge Resources Ltd. Announces Binding Letter of Intent with Benton Resources Inc. for Option of Newfoundland Property
TORONTO, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Spruce Ridge Resources Ltd. (“Spruce” or the “Company”) (TSXV: SHL) is pleased to announce that it has signed a binding letter of intent (the “LOI”) with Benton Resources Inc. (“Benton”) (TSXV: BEX) to enter into an option agreement (the “Option Agreement”) whereby Benton can earn an undivided 70% interest in Spruce's Great Burnt Copper/Gold Property, comprised of six mineral licenses and one mining lease (the “Property”).
Clean Air Metals makes accelerated final payment to Rio Tinto for the Escape Lake Property option
Clean Air Metals Inc (TSX-V:AIR, OTCQB:CLRMF) announced that it has made the final payment of C$1 million, for and on behalf of Benton Resources Inc, directly to Rio Tinto Exploration Canada Inc (RTEC) for the Escape Lake Property option. In a statement, the company said it made the payment on behalf of Benton Resources to satisfy a payment requirement under its pre-existing option agreement with RTEC dated October 9, 2019, relating to the Escape Lake Property in Ontario, Canada.
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