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Noble Mineral Exploration Announces Private Placement
TORONTO, Ontario — March 4, 2026 — Leads & Copy —
Noble Mineral Exploration Inc. (TSXV: NOB) (OTCQB: NLPXF) has announced a non-brokered private placement to raise up to $1,050,000 for exploration expenditures on its properties.
The private placement will involve the issuance of up to 7,000,000 flow-through common share units at a price of $0.15 per unit, with the potential for a 25% increase at Noble's discretion. Each flow-through unit includes one flow-through common share and one-half of a non-flow-through common share purchase warrant. Each full warrant allows the holder to purchase one common share in the company at an exercise price of $0.20 per share for two years.
The securities issued through this private placement are subject to a four-month hold period.
The private placement is contingent upon standard closing conditions, including approval from Noble's Board of Directors and the TSX Venture Exchange.
Noble Mineral Exploration Inc. is a Canadian junior exploration company with holdings in Canada Nickel Company Inc., Homeland Nickel Inc., East Timmins Nickel Inc. (20%), and the Holdsworth gold exploration property near Wawa, Ontario.
Noble holds mineral and/or exploration rights in approximately 70,000 hectares in Northern Ontario and approximately 24,000 hectares in Quebec. The company plans to create option/joint venture exploration programs on these properties. In the Timmins-Cochrane areas of Northern Ontario, Noble holds mineral rights and/or exploration rights in 18,000 hectares known as Project 81, approximately 2,215 hectares in Thomas Twp/Timmins, and an additional 20% interest in approximately 38,700 hectares in the Timmins area held by East Timmins Nickel. Project 81 features drill-ready gold, nickel-cobalt, and base metal exploration targets at various stages of exploration.
Noble also holds approximately 4,600 hectares in the Nagagami Carbonatite Complex and approximately 3,200 hectares in the Boulder Project, both near Hearst, Ontario. Additional holdings include approximately 3,700 hectares in the Buckingham Graphite Property, approximately 10,152 hectares in the Havre St Pierre Nickel, Copper, PGM property, approximately 1,573 hectares in the Cere-Villebon Nickel, Copper, PGM property, approximately 569 hectare Uranium/Rare Earth property (Chateau), approximately 461 hectare Uranium/Molybdenum property (Taser North), approximately 4,465 hectares REE Mehmet Property, the approximately 3300 hectare Gull Lake REE Property all of which are in the Province of Quebec and the approximately 647 hectare Chapiteau REE property in Labrador.
Noble's common shares are traded on the TSX Venture Exchange under the symbol “NOB”.
Source: Noble Mineral Exploration Inc.