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Naughty Ventures Applauds Strong Drill Results from Metalsource Mining and Highlights Upcoming Catalysts

Naughty Ventures Portfolio Valuation Supported by High-Grade Metalsource Intercepts

By The Northwire Desk — AI Analysis Apr 14, 2026 · 08:31 BAD · 0.17 Naughty Ventures Corp.

Executive Summary

Portfolio Update: Naughty Ventures reports on its holdings in Metalsource Mining Inc. and Sorrento Resources Ltd., rather than announcing direct drilling results from its own primary assets.
Metalsource Mining (North Carolina): The company holds 3.4 million shares of Metalsource, which reported a high-grade intercept of 48.04 g/t gold equivalent over 12.62 metres. Naughty Ventures applauds these results as reinforcing the value of its stake.
Sorrento Resources Ltd. (Newfoundland): Naughty holds approximately 9 million shares with an additional 8 million expected to be earned under existing agreements. Drilling at the Bottom Brook REE property is complete, with assay results expected in the coming weeks. Work continues on the Rodgers Cove gold project.
Management Commentary: CEO Blair Naughty states that intercepts of this grade are rare and reinforce belief in the portfolio's potential. He highlights multiple active programs as a "meaningful period of news flow."

Material Impact

Validation of Portfolio Value: The Metalsource drill result validates a significant portion of Naughty Ventures' asset base, which is structured primarily as an investment holding company rather than a direct operator. This supports the valuation of the 3.4 million share stake held by Naughty.
Catalyst Confirmation: The news confirms previously announced catalysts (Sorrento assay results coming in weeks) rather than introducing new surprises. The market has already priced in some optimism given the price appreciation from $0.12 to $0.17 prior to this release.
Incremental Nature: While positive, the impact is indirect. Naughty Ventures does not own the assets directly but holds equity in third-party entities. Therefore, the materiality is contingent on the performance of those underlying companies (Metalsource and Sorrento).
Price Context: The stock price was already trending upward ($0.13 in March to $0.17 by April 13) ahead of this release, suggesting expectations were largely priced in. Consequently, the news serves as confirmation rather than a surprise catalyst.

BAD · Price

Company Overview

Business Model: Naughty Ventures operates as an investment holding company with a diversified portfolio of mineral exploration assets, rather than focusing on a single flagship project.
Key Holdings:
- Metalsource Mining Inc.: 3.4 million shares (North Carolina Polymetallic Project).
- Sorrento Resources Ltd.: ~9 million shares + 8 million to be earned (Newfoundland REE and Gold Projects).
- Mammoth Resources: 55 million shares with option for additional 75 million (ASX listed).
- Cayenne Copper: Strategic investment in Malaysian copper explorer.
Flagship Project: The Bottom Brook Rare Earth Element property in Newfoundland is a key asset, though currently under an option agreement with Sorrento Resources where Naughty retains equity exposure rather than direct operational control.

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