10:23 AM EST, 11/21/2025 (MT Newswires) -- Sorrento Resources ( SRSLF ) on Friday said it closed an amended and restated option agreement dated Oct. 29, 2025, to acquire up to 100% of Naughty Ventures' ( YORKF ) right, title and interest in certain mineral claims known as the Bottom Brook rare earth element property in Newfoundland and Labrador.

The company said that, pursuant to the option agreement, it issued 9 million common shares in the capital of Sorrento. Additionally, it issued 900,000 Sorrento shares to Kluane Capital FZCO as finder's fee.

The Sorrento shares bear a hold period of four months and one day, expiring on March 21, 2026.

Sorrento Resources ( SRSLF ) shares last traded Nov. 20, closing at $0.20, while Naughty Ventures ( YORKF ) shares were last seen unchanged at $0.09, on the Canadian Securities Exchange.