Benton Partners with Metals Creek to acquire 6 projects with natural hydrogen potential in Newfoundland
In Canada, Benton Resources and Metals Creek Resources Corp. have jointly acquired through staking 6 potential natural white hydrogen projects located in Newfoundland, Canada.
The projects were selected and staked after extensive research of historical data in areas of comparable geological settings to those that current hydrogen companies across the US and Canada are targeting.
Of particular interest is that 3 of the 6 projects have identified gas from historical drill holes or the surface venting of gas. The Projects, all located on the west coast of Newfoundland, are hosted in geological environments considered prospective for natural white hydrogen. A total of 763 claim units were staked to acquire the mineral lands with geological characteristics that support the targeting potential.
Stephen Stares, President and CEO of Benton, stated: “Partnering with Metals Creek enables the companies to share relatively low-cost exploration risk while maintaining meaningful upside, should even one of these projects lead to a significant discovery of hydrogen or helium. In neighboring Nova Scotia, companies such as Quebec Innovative Materials Corp. are already demonstrating success in exploring for natural hydrogen. We believe Newfoundland’s geological setting offers comparable potential for these emerging and highly prospective discoveries.”
Category: Hydrogen
