Core Viewpoint - Sorrento Resources Ltd. has entered into a strategic option agreement with Naughty Ventures Corp. to acquire up to 100% of the Bottom Brook rare earth element property in Newfoundland and Labrador, which is expected to enhance Sorrento's portfolio and exploration capabilities [1][2]. Agreement Details - The option agreement allows Sorrento to acquire Naughty Ventures' interest in the Bottom Brook Property, with the option to be exercised within three years through cash payments, share issuances, and exploration expenditures [3][4]. - The agreement outlines specific financial commitments, including a cash payment of CAD 1,000,000 and the issuance of 13,000,000 Sorrento shares within 12 months to earn a 49% interest, followed by additional payments and share issuances to earn further interests [4][6]. Company Profiles - Sorrento Resources Ltd. focuses on the acquisition, exploration, and development of mineral properties in Canada, with a goal to develop economic precious and base metal properties [10]. - Naughty Ventures Corp. is engaged in acquiring and developing mineral assets with strong value potential and holds interests in various projects, including the Bottom Brook rare earth property [11].