news Comet Industries to begin earthworks at Iron Mask
2024-05-28 14:51 ET - News Release
Mr. Michael O'Reilly reports
COMET INDUSTRIES ANNOUNCES COMMENCEMENT OF EARTH WORKS FOR IRON MASK INDUSTRIAL PARK
Comet Industries Ltd. has executed a contract for $2.5-million in earth moving for the first phase of the development of its Iron Mask Industrial Park in Kamloops, B.C. Earthworks on the site is anticipated to commence immediately.
The 190 acre property was approved for rezoning in 2023 from "Agricultural and Future Development" to "Light Industrial" site specific to allow general industry; RV sales, service and/or rental; and laundry and dry cleaning, and "Open Space".
Mike O'Reilly, President and CEO of the Company stated that "The Iron Mask property has been owned by the Company for nearly 50 years and was the site of the former Iron Mask Mine which was active until the 1980s. The 190 acre property is strategically located inside the Kamloops municipal boundaries at the junction of highways 1 and 5 providing excellent access to 2 major transportation corridors. The Company anticipates having lots available for sale and development for 2025 and early 2026."
About Comet Industries Ltd.
Comet Industries Ltd. was incorporated in the Province of British Columbia and is listed on the TSX Venture Exchange. The address of the Company's corporate office and its principal place of business is 1177 West Hastings Street, Suite 1710, Vancouver, British Columbia, Canada V6E 2L3. The Company is in the business of holding and developing real properties, all in British Columbia ("BC"). The Company owns unimproved land in Kamloops, Pender Harbour and Nelson Island, BC all on a freehold basis.