Published: April 26, 2016 |

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Benton Capital Corp. has agreed to refocus the company’s efforts toward a 100 percent green-energy exploration and development company. The main focus will be the acquisition and development of high quality lithium and graphite projects which the company considers to be the necessary metals of the future as demand and growth continues worldwide driven by green technology. This includes lithium ion batteries used in electric cars, smart phones, tablets, and home and industrial power storage along with many other applications. Companies such as Tesla launched their home storage lithium-based Powerwall battery system which sold out in August 2015 and Tesla has said it will aim to source raw materials locally in North America where responsible mining laws are in effect which will reduce the environmental footprint.

Benton will subsequently change its name to Alset Energy Corp. and in is the process of applying for a new trading symbol.

“We are excited to embark on this new strategic course aimed at providing shareholder value and growth. The importance of exploration and development of metals used in green technology cannot be understated and Benton looks forward to acquiring and developing quality assets in this space,” said Stephen Stares, president and CEO of Benton Capital.

Benton has acquired by staking a 100 percent interest in the Wisa Lake Lithium deposit located 80 kilometers east of Fort Frances, Ontario. The property is connected to Highway 11 (Trans Canada) located 65 kilometers north via an all weather paved road that crosses the center of the project. The property is comprised of 2 claims totaling 30 units and covers the Wisa Lake deposit that is host to a historical resource of 330,000 tonnes grading 1.15 percent Li2O. In 1956 Lexindin completed a total of 20 drill holes (packsack and AQ-sized core) over a strike length of 335 meters and to a depth of approximately 65 meters to outline the Wisa Lake lithium mineralization. The diamond drill log of the most easterly hole intersected 6.4 meters containing 20 percent of the lithium-bearing mineral spodumene suggesting the mineralization is open at depth and to the east.

The company has also agreed to acquire a 100 percent interest in the Champion Graphite project from Benton Resources Inc. (a company related by common directorships) for a payment of 1 million shares to Benton Resources Inc. and subject to a 2 percent NSR. Benton Capital will have the option to buy back 1 percent of the NSR for $500,000. The Champion Graphite project represents a non-core asset of Benton Resources Inc. and the related party directors of each of the respective companies abstained from voting to approve the acquisition. The retained NSR provides Benton Resources Inc. with the opportunity to participate in any future success of the project. The Champion Graphite project is located north of Kenora, Ontario and consists of 29 units in 2 claims. The ground covers a large concentration of airborne electromagnetic anomalies hosted in metasediments. The airborne survey was conducted by Dighem Surveys & Processing Inc in 1989 on behalf of Champion Bear Resources Ltd. Dighem describes the anomalous area as consisting of numerous sub-parallel bedrock conductors of variable strength associated with a highly complex magnetic unit (MNDM assessment files). A year prior to the airborne geophysical survey, historical trenching was conducted by Bellwether Resources Ltd. in 1988. The trenching uncovered graphite occurrences where channel samples returned weighted average grades of up to 1.76 percent carbon over 25.0m (MNDM assessment files).

About Benton Capital
Benton Capital Corp is a Canadian based junior, listed on the TSX under the symbol BTC. Benton’s mandate is to focus on the acquisition of mining royalties through various strategies including exploration, purchase, and exploration finance.

To stop by Benton Capital’s website, CLICK HERE

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