Metals Creek, Benton Grant Brutus Mining Option to Acquire Bay of Islands Hydrogen Project

Bitget2026/11/05 13:38

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Brutus Mining obtained an option to acquire 100% of Metals Creek Resources and Benton Resources' Bay of Islands Project.
The November 5, 2026, agreement requires $100,000 cash and 1,200,000 common shares at a deemed price of $0.76 each.
Payments and share issuances are scheduled in three tranches over two years, with Brutus able to accelerate them.
The sellers retain a 3% Gross Metals Returns royalty upon exercise; Brutus can redeem 1.5% for $1 million.
The Western Newfoundland project covers 83.5 square kilometers across three licenses and is considered prospective for natural hydrogen.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Metals Creek Resources Corp. published the original content used to generate this news brief on November 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Metals Creek, Benton Grant Brutus Mining Option to Acquire Bay of Islands Hydrogen Project

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