Every Spin-Off
Great Burnt SpinCo (name TBA, with Silverback Metals)
AnnouncedCAExplores for copper and gold at the Great Burnt project in Newfoundland, Canada, combined with the private explorer Silverback Metals.
Spin-out of the Great Burnt copper-gold project in Newfoundland and other projects into a new company combined with private Silverback Metals, valued at C$15.0m, with a concurrent C$10.0m financing for 33.3%.
- Status
- Announced
- Expected
- Nov 2026 (target)
- Parent
- Benton Resources (BEX CN)
- Spin-off ticker
- To be announced
- Listing
- TSX Venture Exchange (to apply)
- Market
- Canada
- Sector
- Materials
Terms
BC plan of arrangement (return of capital): Benton shareholders to hold 45% of SpinCo directly; Benton keeps 5% and a 1% NSR on Great Burnt. Ratio to be set at the record date. Needs a definitive agreement, two-thirds shareholder approval (meeting targeted mid-Oct 2026), BC court approval and TSXV acceptance of the SpinCo listing.
Key dates
- Letter agreement
- Announcement
- Circular mailing
- Shareholder meeting
- Closing and TSXV listing
Source documents
- Press releaseBenton plans to spin out Great Burnt project (07/27/26)
- PresentationNot yet published
- Prospectus / demerger documentNot yet public
Every Spin-Off research
No report on this situation yet. New reports are published on Substack first.
Receive reports by email