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M&A / Property

Naughty Ventures closes Bottom Brook option deal

By The Northwire Desk — AI Analysis Nov 21, 2025 · 13:20 BAD · 0.09 Naughty Ventures Corp
BAD · Price

Executive Summary

  • Naughty Ventures Corp. has closed on an amended and restated option agreement with Sorrento Resources Ltd. for the sale of up to 100% of its rights, title, and interest in the Bottom Brook rare earth element (REE) property located in Newfoundland and Labrador.
  • As consideration for the transaction, Sorrento Resources issued nine million common shares to Naughty Ventures.
  • The issued shares are subject to a hold period of four months and one day, with the hold period expiring on March 21, 2026.

Key Details

  • Transaction Status: Closed on the amended and restated option agreement dated October 29, 2025.
  • Asset: Bottom Brook rare earth element (REE) property, consisting of certain mineral claims in Newfoundland and Labrador.
  • Consideration: Nine million (9,000,000) common shares of Sorrento Resources Ltd.
  • Share Restrictions: The Sorrento shares bear a hold period of four months and one day.
  • Hold Period Expiry: March 21, 2026.
  • Previous Context: This closes on prior news releases dated October 16, 2025, and October 30, 2025.

Notable Quotes

  • None provided in the text.
Read the original news release →

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