Canadian Rare Earth Property Deal Boosts Shares Of This Junior Miner

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Thursday, October 16, 2025

With tensions continuing between the U.S. and China over rare earth supply, it’s no surprise that mining companies of all sizes are racing to expand exploration and production efforts across North America. The goal is clear, to reduce dependence on Chinese sources and build a self-sustaining domestic supply chain. Today, one micro-cap company is taking a significant step in that direction with an option agreement for a rare earth element property in Canada.

Shares of Sorrento Resources Ltd. (CSE: SRS) (OTCQB: SRSLF) are spiking on news that the company has entered into a definitive option agreement with Naughty Ventures Corp. (CSE: BAD) (OTC Pink: YORKF) for the potential acquisition of up to 100% of Naughty Ventures’ interest in the Bottom Brook rare earth element property, located in Newfoundland and Labrador. The transaction gives Sorrento the opportunity to expand its resource portfolio with a strategically significant project known for its rare earth potential.

Sorrento CEO Alex Bugden expressed strong enthusiasm for the acquisition, noting his prior involvement with the Bottom Brook project and highlighting plans to begin exploration soon. Naughty Ventures CEO Blair Naughty stated that the agreement benefits both sides, allowing Naughty Ventures to retain upside through equity ownership in Sorrento while minimizing dilution and capital expenditures. Both executives emphasized their shared confidence in Sorrento’s local expertise and the property’s long-term value potential.

As of mid-morning trading, shares of SRS were up 11.54% at $0.29, while the company’s U.S. listing remained unchanged at $0.15. Meanwhile, shares of BAD rose 9.38% to $0.175, though its U.S. listing dipped 5.79% to $0.1413.

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