Metals Creek, Benton grant Brutus option to acquire Bay of Islands hydrogen project
Bitget2026/11/05 13:10- Metals Creek and Benton granted Brutus Mining an option November 5, 2026, to acquire Newfoundland's Bay of Islands hydrogen project.
- Brutus can acquire 100% for $100,000 cash and 1,200,000 common shares valued at $0.76 each, payable over two years.
- The sellers would retain a 3% gross metals return royalty; Brutus could redeem 1.5% for $1 million.
- Planned evaluation will guide a proposed soil-gas survey and seismic mapping during the 2027 field season.
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