NTL (previous heritage) have been around for a very long time. Looks like rennison are trying what Glass earth tried previously grab ground around a known area in the hope that NTL causes their moose pasture to get a lift in value or trying to sell it to NTL. NTL could have applied for the tenement after GEL wonder why they didnt?
It been a trend for opportunistic explorers for a while now. Peg out areas around known resources and hope the tenement owner of the resource area lifts their values through activity. GEL tried it previously on same tenement. Zero result.
Disclosure - Holding options