Benton Resources signs definitive agreement with Silverback Metals for Great Burnt spinout

• Benton Resources signed a definitive agreement dated November 4, 2026, with Silverback Metals to spin out Great Burnt through Anchor Metals.
• The Great Burnt interest will transfer for 50,000,000 Anchor common shares, with a retained 1% net smelter return royalty on applicable properties.
• Silverback will raise $10 million to $10.7 million through concurrent financing before merging with Anchor.
• Shareholders will receive approximately 40,000,000 Anchor common shares, representing 40% ownership; approximately 10,000,000 shares will be reserved for warrant holders.
• Completion is expected by March 31, 2027, subject to financing, shareholder and court approvals, and an Anchor TSXV listing.

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. Benton Resources Inc. published the original content used to generate this news brief on November 09, 2026, and is solely responsible for the information contained therein.