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Sorrento Resources Ltd. ( (TSE:SRS) ) has issued an announcement.
Sorrento Resources Ltd. has announced an update on its Bottom Brook REE project in Newfoundland and Labrador, highlighting that drill permits have been submitted and drilling is expected to commence in early 2026. The drilling will focus on the Lost Pond target, known for high-grade REE mineralization, and will be followed by geophysical methods, prospecting, and soil sampling. The project, consisting of 16 mineral licenses over 15,150 hectares, is strategically located near infrastructure and has shown promising historical results. This exploration effort aims to further delineate the resource potential, positioning Sorrento as a significant player in the rare earth elements sector.
More about Sorrento Resources Ltd.
Sorrento Resources Ltd. is a Canadian exploration company engaged in the acquisition, exploration, and development of mineral property assets in Canada. The company focuses on precious and rare earth elements, gold, and base metal properties, with projects including the Bottom Brook Project, Rodgers Cove Gold, and Harmsworth (VMS) project, all located in Newfoundland.
Average Trading Volume: 68,206
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$7.49M
For a thorough assessment of SRS stock, go to TipRanks’ Stock Analysis page.