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
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) ("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 $219.4M
1
pre-tax NPV
8
against a project capital cost of $89.5M. After-tax NPV
of $157.5M
The pre-tax internal rate of return (IRR) is 39%, and the after-tax IRR is 32%
At spot pricing
1
, pre-tax NPV
8
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 facility
The 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 project
The Project is near the City of Thunder Bay, Canada, where key highway and electrical
infrastructure and support are located
The Company has positive relationships and is working closely with nearby Indigenous
communities to allow full and meaningful participation in the project
The resource has been updated with additional drilling and new pricing, highlighting a 14.9M tonne
indicated resource grading 2.66 g/t 2PGE
2
, 0.40% Cu and 0.24% Ni
Additionally, there are 2.49M tonnes of inferred resource grading 1.62 g/t 2PGE
2,
0.31% Cu and
0.19% Ni. There are no reserves
SOURCE:
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.jpg
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3657/269811_80bddeefd4003815_003full.jpg
Benton Resources is a well-financed mineral exploration company listed on the TSX Venture Exchange
under the symbol BEX. Benton has a diversified, highly prospective property portfolio and holds large
equity positions in other mining companies that are advancing high-quality assets. Whenever possible,
BEX retains net smelter return (NSR) royalties with potential long-term cash flow.
Benton is focused on advancing its high-grade Copper-Gold Great Burnt Project in central
Newfoundland, which has a Mineral Resource estimate of 667,000 tonnes @ 3.21% Cu Indicated and
482,000 @ 2.35% Cu Inferred. The Project has an excellent geological setting covering 25km of strike
and boasts six known Cu-Au-Ag zones over 15km that are all open for expansion. Further potential for
discovery is excellent given the extensive number of untested geophysical targets and Cu-Au soil
anomalies. Phase 1 and 2 drill programs returned impressive results including 25.42 m of 5.51% Cu,
including 9.78 m of 8.31% Cu, and 1.00 m of 12.70% Cu.
Drilling at the South Pond Gold Zone,
approximately 7.5 km north of the Great Burnt Copper-Gold Zone, has confirmed a robust gold-
mineralized system over 2.5 km with results of 74.20 m of 1.43g/t Au and 43.75 m of 1.62g/t Au and is
open for expansion in all directions.
On behalf of the Board of Directors of Benton Resources Inc.,
"Stephen Stares"
Stephen Stares, President
Parties interested in seeking more information about properties available for option can contact Mr.
Stares at the number below.
For further information, please contact:
Stephen Stares, President & CEO
Phone:
807-474-9020
Email:
Nick Konkin, Investor Relations
Phone
: 647-249-9298 ext. 322
:
Website:
www.bentonresources.ca
Twitter:
@BentonResources
Facebook:
@BentonResourcesBEX
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forward-looking statements" within the meaning of
applicable securities legislation. Forward-looking statements relate to information that is based on
assumptions of management, forecasts of future results, and estimates of amounts not yet
determinable. Any statements that express predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance are not statements of historical fact and may
be "forward-looking statements."
Forward-looking statements are subject to a variety of risks and uncertainties which could cause
actual events or results to differ from those reflected in the forward-looking statements, including,
without limitation: risks related to failure to obtain adequate financing on a timely basis and on
acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks
associated with mining and exploration; risks related to the maintenance of stock exchange listings;
risks related to environmental regulation and liability; the potential for delays in exploration or
development activities or the completion of feasibility studies; the uncertainty of profitability; risks and
uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral
deposits; risks related to the inherent uncertainty of production and cost estimates and the potential
for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility
that future exploration, development or mining results will not be consistent with the Company's
expectations; risks related to gold price and other commodity price fluctuations; and other risks and
uncertainties related to the Company's prospects, properties and business detailed elsewhere in the
Company's disclosure record. Should one or more of these risks and uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary materially from those
described in forward-looking statements. Investors are cautioned against attributing undue certainty to
forward-looking statements. These forward-looking statements are made as of the date hereof and the
Company does not assume any obligation to update or revise them to reflect new events or
circumstances. Actual events or results could differ materially from the Company's expectations or
projections.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/269811