Comet Industries Completes Archaeological Impact Assessment for Iron Mask Industrial Park
- Iron Mask Industrial Park
- Jun 11
- 2 min read
Kamloops, B.C.: Comet Industries Ltd. (Comet) is pleased to announce the completion of an Archaeological Impact Assessment for the Iron Mask Industrial Park, marking another significant step forward in the development of the 200-acre light industry industrial park in Kamloops.
While not legally required, Comet proactively undertook a comprehensive Archaeological Impact Assessment across the entire property to ensure that no culturally sensitive sites would be disturbed during future development. The assessment was conducted in consultation with 13 Indigenous communities whose traditional territories overlap the project area.
“Comet chose to do a full archaeological impact assessment across our entire 200 acres to ensure we would not be disturbing any culturally sensitive sites,” said Mike O’Reilly, President and CEO of Comet. “The completed Archaeological Impact Assessment will also give future developers and lot purchasers confidence and peace of mind that there is a low likelihood of encountering archaeological concerns on the site.”
The Archaeological Impact Assessment revealed no archaeological findings on the property, a result that significantly streamlines the development process.
“Completing this work up front removes a major barrier for businesses,” added O’Reilly. “It’s part of our commitment to thoughtful, responsible development and providing shovel-ready land for industrial users.”
With the archaeological assessment now complete, Comet is currently awaiting final rezoning approvals. The last outstanding item is the Ministry of Transportation and Transit review and approval of the project’s Traffic Impact Assessment, which has been fully submitted.
This milestone brings Iron Mask Industrial Park one step closer to being able to sell lots to welcome new businesses and creating positive, long-term economic opportunities for the Kamloops region.
About Comet Industries Ltd.
Comet Industries Ltd. was established in 1972, incorporated in the Province of British Columbia, and is listed on the TSX Venture Exchange. The Company is in the business of holding and developing real estate properties, all in British Columbia (“BC”). The Company owns unimproved land in Kamloops and Nelson Island on a freehold basis. A major initiative by the company is the Iron Mask Industrial Park project. Visit: https://www.cometindustries.ca/
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This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements, including the reference to the 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 forward-looking 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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