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Sorrento Resources Ltd. ( (TSE:SRS) ) has provided an update.
Sorrento Resources Ltd. has entered into a purchase agreement with Naughty Ventures Corp., selling its Lord Baron property for 1,000,000 common shares of Naughty Ventures. This move allows Sorrento to concentrate on its Bottom Brook Rare Earth Element Project and Rodgers Cove Gold Project, while Naughty Ventures sees the acquisition as a strategic opportunity to advance the Lord Baron Property.
More about Sorrento Resources Ltd.
Sorrento Resources Ltd. is engaged in the acquisition, exploration, and development of mineral property assets in Canada, focusing on precious and rare earth elements, gold, and base metals. Their key projects include the Bottom Brook Project, Rodgers Cove Gold, and Harmsworth VMS project, all located in Newfoundland.
Average Trading Volume: 52,810
Technical Sentiment Signal: Buy
Current Market Cap: C$7.95M
See more data about SRS stock on TipRanks’ Stock Analysis page.