Noble Mineral Exploration Inc. (TSXV: NOB) (OTCQB: NLPXF) has announced an agreement to acquire the North Bradshaw Property from Gravel Ridge Resources Ltd. and 1544230 Ontario Inc. The purchase price includes $73,000 in cash payable over three years and the issuance of 600,000 common shares of Noble. The vendors will also receive a 1.5% net smelter returns royalty, with Noble holding the right to buy back one-third of the royalty (0.5%) for $500,000. The transaction is subject to board and TSX Venture Exchange approvals.
The North Bradshaw Property is contiguous to the Gowest Bradshaw Gold Property, historically known as the Frankfield East Deposit, held by GoWest Gold Ltd. A pre-feasibility study completed on the Gowest property identified indicated and inferred gold resources, as detailed on GoWest Gold's website at www.gowestgold.com. Both properties lie within the Abitibi Greenstone Belt, one of Canada's premier Archean gold-producing districts. The gold mineralization is hosted in mafic volcanic rocks, ultramafic units, strongly altered shear zones, and local intrusive rocks. The orebody follows the contact between hanging-wall basalt and footwall ultramafic rocks, forming a thick tabular body with excellent continuity. Higher-grade gold is concentrated along the margins of the main shear zone, occurring as disseminated pyrite, fine free gold, quartz-carbonate alteration, silica flooding, and sericite-carbonate alteration.
Noble's CEO, H. Vance White, stated, “We are pleased to be proceeding with the purchase of prospective mining claims in Ontario. Noble believes these projects offer significant potential for new discoveries and continued exploration success.” The technical content has been reviewed by Wayne Holmstead, P.Geo., an independent Qualified Person under NI 43-101.
In addition, Noble provided final details on its recently completed plan of arrangement, effective May 27, 2026. Under the arrangement, pre-arrangement shareholders exchanged each old Noble share for one new Noble share and a pro rata portion of 9,000,000 common shares of Homeland Nickel Inc., at an exchange ratio of approximately 0.034060787614 of a Homeland share per old Noble share. No fractional shares or cash in lieu were issued. The fair market value of each Homeland share was set at $0.39, based on the closing price on May 26, 2026, and treated as a return of capital. Noble disclaims responsibility for individual tax treatments and encourages shareholders to seek their own advice.
Noble Mineral Exploration 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 property in Wawa, Ontario. The company holds mineral rights in ~70,000 hectares in Northern Ontario, ~14,000 hectares in Quebec and Newfoundland, including Project 81 (~18,000 hectares) in Timmins-Cochrane, and various other properties. The company's shares trade on the TSXV under the symbol "NOB." More information is available at www.noblemineralexploration.com.
