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  • Writer's pictureComet Industries

Iron Mask Industrial Park Rezoning Application Approved

Kamloops, B.C.: Comet Industries Ltd. (the “Company”) is pleased to share that the rezoning application for the development of Iron Mask Industrial Park has been approved after a public hearing hosted by the City of Kamloops on May 30, 2023.

Location of the Iron Mask Industrial Park_Credit Katelyn Faulkner Photography

The public hearing provided the public with the opportunity to comment on the proposed rezoning of the Company’s 190-acre property between Sugarloaf Road and Bowers Place from “Agricultural” and Future Development Area” to “Light Industrial” – site specific to allow general industry; RV sales, service and/or rental; and laundry and dry cleaning, and “Open Space” to allow an industrial park and privately owned open space.


"This rezoning approval is a significant step forward for Comet Industries and its vision for the Iron Mark Industrial Park,” noted Randy Lambright, Sr. Project Consultant, Comet Industries.

With the zoning amendment approved, Iron Mask Industrial Park will now work on the next steps.


“The next steps of the project will involve environmental remediation efforts as well as significant earthwork to prepare the site for construction and infrastructure development,” noted Lambright. “The Company is looking forward to engaging with local contractors and suppliers to maximize the economic benefits for the local community.”

Iron Mask Industrial Park sits on the land of the former Iron Mask mine active until the 1980s. With the rezoning approval, the project is on track to have available lots for lease or sale by 2024 or 2025.


“The industrial park will play a pivotal role in enhancing economic diversity and attracting new businesses to the region. Since the initial announcement in September 2022, we have had significant interest in the park with most of the inquiries coming from local companies seeking additional space to facilitate their business growth,” Lambright added.

For additional information or to receive updates on the project, please visit or sign up for the newsletter on the website: www.ironmaskindustrialpark.ca


For an interview, contact:

Aleece Laird, Communications Liaison, aleece@amplifyinc.ca | 250.574.0221

 

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, Terrace, Pender Harbor, BC and a rental property in Vancouver, BC all on a freehold basis.


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE


This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statement of historical facts, that address events or developments that management of the Company expects, are forward-looking statements, including the reference to proposed development of the Iron Mask Industrial Park. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forwardlooking statements, include market prices, regulatory approvals, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

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