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Benton Resources Inc (TSE:BEX)
:BEX

Benton Resources (BEX) AI Stock Analysis

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TSE:BEX

Benton Resources

(BEX)

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Neutral 58 (OpenAI - 5.2)
Rating:58Neutral
Price Target:
C$0.11
▲(9.00% Upside)
The score is driven primarily by strong balance sheet leverage profile (no debt) but is held back by weak operating performance and negative TTM cash flows with no reported revenue. Technicals are supportive with a clear uptrend and moderate positive momentum, while valuation provides limited input due to missing P/E and dividend data.
Positive Factors
Balance sheet strength (no debt)
Zero reported debt and a meaningful equity base provide durable financial flexibility for a junior explorer. This reduces insolvency risk, improves bargaining power with potential JV partners, and lengthens runway to pursue exploration or seek non-dilutive funding before large capital raises are required.
Asset-monetization business model
A business model centered on option/JV deals and royalties is structurally durable for explorers: partners can fund expensive drilling stages, reducing Benton’s direct capital needs while preserving upside via retained interests or royalties, enabling staged de-risking of projects over time.
Exposure to base and precious metals
Concentrated exposure to base and precious metals aligns with long-term industrial and investment demand drivers (infrastructure, electrification, safe-haven metals). This structural commodity demand can enhance the potential value of discovered resources and attractiveness to strategic partners or buyers.
Negative Factors
No reported revenue
Absence of operating revenue means Benton’s intrinsic value depends on successful exploration outcomes and asset transactions rather than recurring cash flows. This structurally increases financing dependence and risk that projects may never monetize, affecting long-term shareholder returns.
Negative operating and free cash flow
Persistent negative operating and free cash flow is a durable constraint: the company must continually raise capital or secure partner funding to advance projects, creating dilution or deal-dependency risk and limiting its ability to progress multiple targets simultaneously without surrendering equity.
Weak profitability and low ROE
Low and volatile ROE shows the equity base isn’t producing reliable economic returns. Even a small reported net profit appears non-operational, implying limited earnings quality and uncertainty that exploration investments will convert into sustainable shareholder value without successful asset sales or royalties.

Benton Resources (BEX) vs. iShares MSCI Canada ETF (EWC)

Benton Resources Business Overview & Revenue Model

Company DescriptionBenton Resources Inc. operates as a mineral exploration company. It has a diversified property portfolio of gold, silver, nickel, copper, platinum group elements, and lithium assets. The company is advancing projects in Ontario, including flagship Far Lake Copper project located west of Thunder Bay, Ontario, as well as projects, such as the Abernethy, the Armit Lake, the Forester Lake, the Hele, and the Iron Duke projects. It also has strategic alliance with Sokoman Minerals Corp. through three joint-venture properties, including Grey River Gold, Golden Hope, and Kepenkeck in Newfoundland. Benton Resources Inc. was incorporated in 2011 and is headquartered in Thunder Bay, Canada.
How the Company Makes MoneyBenton Resources makes money through its exploration activities that lead to the discovery and development of mineral resources. The company's revenue model is primarily based on the value generated from successful exploration and subsequent sale or joint venture of mineral properties to larger mining companies. Key revenue streams include proceeds from selling stakes in projects, option agreements with other mining companies, and potentially, royalty arrangements on developed properties. Significant partnerships with other mining firms often enhance their exploration and development capabilities, contributing to their earnings. The company's revenue can also be influenced by factors like commodity prices, exploration success rates, and strategic alliances within the mining industry.

Benton Resources Financial Statement Overview

Summary
Benton Resources shows significant financial challenges with no revenue generation and persistent losses. Despite a strong equity position, negative cash flows and ongoing reliance on financing highlight potential liquidity issues.
Income Statement
18
Very Negative
Benton Resources has not generated any revenue over the reported periods, which is a significant concern for growth. The company has consistently reported negative gross profit and net income, indicating persistent losses. The EBIT and EBITDA margins are also negative, reflecting ongoing operational challenges.
Balance Sheet
74
Positive
The balance sheet shows a strong equity position with no reported debt, leading to a favorable debt-to-equity ratio. However, the company has a history of negative net income, which affects return on equity (ROE). The equity ratio is robust, showing a solid financial foundation.
Cash Flow
22
Negative
The cash flow statement reveals negative free cash flow and operating cash flow, indicating cash management issues. Despite some positive financing cash flow, the reliance on external funding could pose risks. The operating cash flow to net income ratio exhibits volatility due to fluctuating cash flow results.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.000.000.000.000.000.00
Gross Profit-28.23K-29.93K-74.80K-76.03K-74.88K-69.06K
EBITDA-1.68M-1.17M-3.93M-3.12M-6.27M-1.22M
Net Income24.56K-424.17K-3.38M-2.89M-6.14M-1.06M
Balance Sheet
Total Assets13.63M11.57M13.21M12.33M14.31M15.55M
Cash, Cash Equivalents and Short-Term Investments2.09M1.26M3.39M1.15M2.04M1.14M
Total Debt0.000.001.73K127.67K171.35K214.68K
Total Liabilities289.31K177.67K883.85K814.22K1.16M650.16K
Stockholders Equity13.34M11.39M12.32M11.52M13.15M14.90M
Cash Flow
Free Cash Flow-788.66K-1.81M248.56K-1.22M-942.77K-881.77K
Operating Cash Flow-759.96K-1.77M326.55K-1.20M-867.21K-859.98K
Investing Cash Flow-2.17M-2.33M-3.52M-2.18M-1.79M-1.45M
Financing Cash Flow2.11M1.98M3.83M1.23M4.22M3.53M

Benton Resources Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.10
Price Trends
50DMA
0.09
Positive
100DMA
0.08
Positive
200DMA
0.07
Positive
Market Momentum
MACD
<0.01
Negative
RSI
63.73
Neutral
STOCH
53.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BEX, the sentiment is Positive. The current price of 0.1 is above the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.09, and above the 200-day MA of 0.07, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 63.73 is Neutral, neither overbought nor oversold. The STOCH value of 53.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BEX.

Benton Resources Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
58
Neutral
C$26.85M0.18%
53
Neutral
C$30.10M-13.40-72.48%-204.88%
51
Neutral
C$28.45M105.000.62%
47
Neutral
C$28.36M-11.57-58.79%21.31%
40
Underperform
C$22.86M-8.92-24.93%-6.45%
40
Underperform
C$23.56M-0.99-277.75%36.37%21.97%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:BEX
Benton Resources
0.11
<0.01
10.00%
TSE:VUL
Vulcan Minerals
0.21
0.07
55.56%
TSE:TIG
Triumph Gold
0.67
0.46
222.12%
TSE:EMN
Euro Manganese
0.18
0.03
25.00%
TSE:EVNI
EV Nickel, Inc.
0.27
-0.03
-11.67%
TSE:AVE
Vital Battery Metals, Inc.
0.27
0.09
47.22%

Benton Resources Corporate Events

Business Operations and Strategy
Benton Reports Up to 88.4% Gold Recoveries in First Metallurgy Tests at South Pond
Positive
Jan 14, 2026

Benton Resources reported preliminary metallurgical test results from its South Pond gold-copper deposit, showing laboratory gold recoveries of up to 88.4% from a 20 kg composite sample tested by SGS Canada using standard bottle-roll cyanidation over 24 hours. The company views these first-pass recoveries as highly encouraging for the project’s future and a key step in advancing South Pond alongside the nearby Great Burnt deposit, where prior SGS work indicated potential plant performance of a 25% copper concentrate at 96% recovery, supporting Benton’s efforts to grow and de-risk its Newfoundland gold-copper portfolio.

The most recent analyst rating on (TSE:BEX) stock is a Hold with a C$0.11 price target. To see the full list of analyst forecasts on Benton Resources stock, see the TSE:BEX Stock Forecast page.

Business Operations and Strategy
Benton Resources Closes 2025 With Major Drill Results and Strategic Expansion in Newfoundland
Positive
Dec 23, 2025

Benton Resources has capped a busy 2025 by expanding its Newfoundland portfolio and reporting substantial drilling progress at its flagship Great Burnt and South Pond projects, where it has completed 26,637 metres of drilling since late 2023 and extended the Great Burnt copper deposit’s strike length to about 950 metres while delineating a 2.7 km-wide shallow gold-copper system at South Pond. The company has discovered a new VMS system, multiple new gold occurrences, and high-grade gold float in the area, acquired several strategic projects near Equinox Gold’s Valentine and Frank deposits, and secured additional ground along the Great Burnt trend, while remaining well funded with roughly $2.9 million in cash and $3.0 million in equities to support a large drilling program and geophysical survey planned for 2026, with metallurgical results from South Pond expected shortly.

Business Operations and Strategy
Benton Resources Grants 2.68 Million Stock Options to Incentivize Key Personnel
Positive
Dec 22, 2025

Benton Resources Inc. has granted 2.675 million incentive stock options to its directors, officers, employees, advisors and consultants, with an exercise price of $0.10 and a five-year term, subject to the company’s standard vesting provisions. The move underscores Benton’s use of equity-based compensation to incentivize and retain key personnel as it advances its copper-gold exploration activities and manages a broad portfolio of mineral assets and strategic equity holdings in the junior mining sector.

Business Operations and StrategyProduct-Related Announcements
Benton Advances Gold and Copper Exploration with Key Discoveries and New Initiatives
Positive
Dec 17, 2025

Benton Resources has achieved significant progress at its South Pond Gold-Copper Deposit with the discovery of wide gold zones and high-grade intersections during its ongoing drill campaign. The company has also identified a promising new VMS system in the End Zone area, underscoring its potential to expand mineral resources. With plans to resume exploration in early 2026, including a new airborne geophysical survey, these developments could further strengthen Benton’s position in the mining sector and offer substantial opportunities for stakeholders.

Business Operations and StrategyProduct-Related Announcements
Benton Resources Unveils New Gold Discovery and Copper Anomaly at Great Burnt Project
Positive
Nov 20, 2025

Benton Resources Inc. has announced the discovery of high-grade gold samples and a large copper soil anomaly at its Great Burnt Project in Newfoundland. The new gold discovery, located northeast of the South Pond Gold Copper Deposit, could extend the SP horizon by 725 meters. Additionally, a significant copper anomaly has been identified, prompting plans for an airborne geophysical survey to guide future exploration. The ongoing drill program has shown promising results, indicating a robust and expansive mineral system, which could enhance Benton’s industry positioning and stakeholder value.

Business Operations and StrategyM&A Transactions
Benton Resources Expands Stoney Caldera Gold Zone Holdings
Positive
Nov 18, 2025

Benton Resources Inc. has entered a purchase agreement to acquire additional claims at the Stoney Caldera Gold Zone in Newfoundland, strengthening its land position in a region known for high-grade gold and copper occurrences. This acquisition, subject to TSX Venture Exchange approval, enhances Benton’s strategic positioning along The Great Copper Gold Corridor, potentially impacting its exploration success and stakeholder interests positively.

Business Operations and StrategyM&A Transactions
Benton Resources to Acquire Island Pond Property from Noble Minerals
Positive
Oct 30, 2025

Benton Resources Inc. has announced its intention to acquire a 100% interest in Noble Mineral Exploration Inc.’s Island Pond Property, which is strategically located adjacent to Benton’s South Pond Gold Zone within the Great Burnt Copper-Gold project area in Newfoundland. The acquisition, pending approval from the TSX Venture Exchange, involves a cash payment and issuance of common shares to Noble, and it includes rights to existing net smelter royalties. This acquisition is expected to enhance Benton’s operational footprint and strengthen its position in the mineral exploration industry.

Business Operations and Strategy
Benton Resources Reports Promising Drilling Results at South Pond Deposit
Positive
Oct 30, 2025

Benton Resources Inc. announced promising results from its drilling program at the South Pond Gold-Copper Deposit, confirming multiple well-mineralized zones and the potential for expansion. The drilling results indicate the presence of significant gold and copper mineralization, with plans for further exploration to delineate the extent of these resources. The company is optimistic about the potential of the Great Burnt Project, which includes the South Pond deposits, as it continues to uncover high-grade mineral systems over a large area.

Business Operations and StrategyPrivate Placements and Financing
Benton Resources Secures $1.9 Million for Newfoundland Projects
Positive
Oct 16, 2025

Benton Resources Inc. has successfully closed a $1.9 million private placement financing, issuing 36 million units consisting of common shares and purchase warrants. The funds will be used to advance the company’s Newfoundland projects and for general working capital, potentially enhancing its exploration activities and strengthening its market position.

Business Operations and StrategyM&A Transactions
Benton Resources Expands Land Position with Stoney Caldera Acquisition
Positive
Oct 16, 2025

Benton Resources Inc. has acquired a 100% interest in the Stoney Caldera Project, located along the Great Copper-Gold Corridor in Newfoundland. This acquisition significantly enhances Benton’s land position and complements its existing projects in the region, which are known for their excellent geology and mineral endowment potential. The Stoney Caldera Project features multiple high-grade copper and gold occurrences, with promising grab sample results. This strategic move positions Benton favorably within one of Canada’s hottest mining jurisdictions, potentially impacting its operations and market standing positively.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 06, 2026