Business
Sorrento Resources Ltd. Enters into Strategic Option Agreement with Naughty Ventures Corp. to Advance Rare Earth Element Property
Vancouver, British Columbia--(Newsfile Corp. - October 16, 2025) - SORRENTO RESOURCES LTD. (CSE: SRS) (OTCQB: SRSLF) ("SORRENTO") AND NAUGHTY VENTURES CORP. (CSE: BAD) (OTC Pink: YORKF) (FSE: 5DE) ("NAUGHTY VENTURES") are excited to announce that they have entered into an arm's length definitive option agreement (the "Option Agreement") dated October 15th, 2025 for the sale of up to 100% of Naughty Ventures' right, title and interest in and to certain mineral claims commonly known as the Bottom.
About this update from Sorrento Resources Ltd.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - October 16, 2025) - SORRENTO RESOURCES LTD. (CSE: SRS) (OTCQB: SRSLF) ("SORRENTO") AND NAUGHTY VENTURES CORP. (CSE: BAD) (OTC Pink: YORKF) (FSE: 5DE) ("NAUGHTY VENTURES") are excited to announce that they have entered into an arm's length definitive option agreement (the "Option Agreement") dated October 15th, 2025 for the sale of up to 100% of Naughty Ventures' right, title and interest in and to certain mineral claims commonly known as the Bottom Brook rare earth element ("REE") property located in the Province of Newfoundland and Labrador (the "Bottom Brook Property").","length":683,"tagName":"p"},{"type":"text","content":"Alex Bugden, CEO of Sorrento added:","length":35,"tagName":"p"},{"type":"text","content":""After personally working on the Bottom Brook Rare Earth Element project I am incredibly excited to add this to Sorrento's portfolio. The Bottom Brook Property has always been on my radar and to now have the chance to lead an exploration campaign is a tremendous opportunity. We are well positioned to unlock the potential of this project as we are very familiar with the geology and location. We intend on starting work in the near future and I look forward to providing a steady stream of updates to Sorrento's shareholders."","length":545,"tagName":"p"},{"type":"text","content":"Blair Naughty, CEO of Naughty Ventures, commented:","length":50,"tagName":"p"},{"type":"text","content":""We are thrilled to have Sorrento-a local Newfoundland company we know well-option the Bottom Brook Property from Naughty Ventures. This structure unlocks value for our shareholders by positioning Naughty Ventures to become one of the largest shareholders of Sorrento while avoiding dilution and direct capital spend to advance the Bottom Brook Property. We have strong confidence in Alex Bugden, the CEO of Sorrento, and the local team at Sorrento. They are familiar with the Bottom Brook Property, have a disciplined share structure and supportive shareholders, and this deal makes clear sense for both companies."","length":626,"tagName":"p"},{"type":"text","content":"Details of the Option Agreement","length":31,"tagName":"p"},{"type":"text","content":"Pursuant to the terms of the Option Agreement, Naughty Ventures has...