Announcement • Jun 03
Benton Resources Inc. announced that it has received CAD 2 million in funding from 2176423 Ontario Ltd. On June 2, 2026, Benton Resources Inc. closed the transaction. The transaction includes participation from Sprott through 2176423 Ontario Ltd. for 28,571,429 units. Prior to the private placement, Sprott beneficially owned or controlled 28,750,000 common shares and 3,125,000 warrants representing approximately 11%% on a non-diluted basis and 12% on a fully diluted basis assuming the exercise of such warrants. As a result of the private placement, Sprott now beneficially owns or controls 57,321,429 common shares and 31,696,429 common share purchase warrants of the company representing approximately 19.7% on a non-diluted basis and 27.6% on a fully diluted basis assuming the exercise of such warrants. All securities issued pursuant to the private placement are subject to a four month and one day hold period. No finder's fees have been paid in relation to the private placement. New Risk • Jun 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (CA$22.1m market cap, or US$16.0m). Announcement • May 28
Benton Resources Inc. announced that it expects to receive CAD 2 million in funding Benton Resources Inc. announces a non-brokered private placement to issue 28,571,429 units of the Company at CAD 0.07 per unit for gross proceeds of CAD 2,000,000.03 on May 27, 2026. Each Unit consisting of one common share of the Company and one common share purchase warrant, each Warrant being exercisable for an additional common share of the Company at an exercise price of CAD 0.10 for 36 months from the date of issue. Mr. Sprott, a long-time investor and largest shareholder of the Company, will acquire the 28,571,429 units pursuant to the Private Placement for total consideration of CAD 2,000,000.03. The Private Placement is expected to close on or before June 15, 2026. All securities issued pursuant to the Private Placement will be subject to a four-month and a day hold period. closing of the securities subject to all regulatory approvals. 
