Noble Mineral to conduct survey on two holes in Timmins

• 2026-03-23: Noble announces two downhole electromagnetic (BHEM) surveys planned on holes CG-25-01 and CG-25-02 in the Carnegie Township Timmins area. The drill program already intersected zinc-rich intervals (6.5 m at 0.64% Zn with copper, silver, lead anomalies; a 1 m sub-interval of 1.90% Zn). CG-25-02 shows a polymetallic system with up to 37 ppb Au and 4.6 g/t Ag, with elevated Ni and Co. The program is conducted on lands recently transferred to Canada Nickel but with Noble retaining a 5-year exploration right for VMS and precious metals. Abitibi Geophysics is engaged for the BHEM survey to identify off-hole conductors and refine future targets.
• 2026-03-23: Another Noble release reiterates the BHEM survey scope, single-loop surface transmitter (~500 m x 500 m) and confirms the same drill results and exploration rights; reinforces strategic alignment with partners and the Kidd Creek-type mineralization objective.
• 2026-02-19: Noble undertakes debt settlement, announcing a private placement to raise up to C$1.05 million via 7,000,000 flow-through units at C$0.15 per unit (each FT unit includes one flow-through share and one-half non-FT warrant, exercisable at C$0.20 for 2 years). Cash repayment of C$14,000 plus 466,666 broker warrants issued in debt settlement. Four-month hold periods apply; proceeds for exploration expenditures.
• 2026-02-12 to 2026-02-27: Noble announces plan to distribute Homeland Nickel shares to Noble shareholders via a plan of arrangement (9 million Homeland shares to be distributed; Noble to retain >10 million Homeland shares post-distribution). Special shareholder meeting set for May 7, 2026 (record date March 27, 2026). CEO commentary emphasizes value to Noble’s shareholders and historical distributions to CNC and Homeland holdings.
• 2026-01-19 to 2026-01-22: Drilling activity in Timmins area continues; early-stage results from Carnegie Township (CG-25-01) show zinc-rich intervals; Noble signs a 50/50 JV with Canada 11530313 Canada Inc. on lands transferred to Canada Nickel with Noble retaining a 5-year exploration right. Thomas Carbonatite R/E project update and Ontario Junior Exploration Program (OJEP) grant for Thomas Rare Earth project (OJEP grant covers 50% rebate on exploration up to $200k on a $400k program) reported; CEO comments emphasize strategic importance of rare earth and critical metal exploration.
• 2025-11 to 2026-03: A series of routine financing moves and property acquisitions expand Noble’s exposure to rare earths and nickel (Chapiteau REE property in Labrador/Quebec, Gull Lake REE in Quebec, Island Pond sale to Benton Resources, Welcoming Homeland/North American strategic partnerships). Notable items include non-brokered private placements, RSU grants to management, plan-of-arrangement discussions for Homeland distributions, and ongoing public-company governance actions (AGMs, director re-elections, auditor reappointments, equity incentive plan approvals, and stock-right plans).

Overall, the most recent news emphasize ongoing exploration activity (BHEM planning) and a broad set of corporate actions (financing, corporate actions, and strategic asset moves). The latest item is exploration-oriented and incremental in nature (Routine - Positive), rather than a clear material earnings or resource milestone.

• Most recent news (2026-03-23) about planned BHEM surveys and refinement of drill targets is positive in tone, but material impact to valuation remains limited in the near term. It is in line with prior exploration activity and follow-up steps already described in earlier releases (e.g., CG-25-01 yields zinc intervals; CG-25-02 indicates a polymetallic system). The update reinforces Noble’s exploration trajectory but does not indicate a decisive discovery, resource upgrade, or financing milestone that would constitute a material change in fundamentals.
• The ongoing financings (private placements) and corporate actions ( Homeland Nickel distribution plan, RSU grants, warrant extensions) are routine capital-management activities common to a junior explorer and do not by themselves imply immediate material profitability or project maturation. They do, however, affect liquidity, ownership, and potential equity dilution for existing shareholders in the near term.
• In summary, the most recent news is positive as a continuation of exploration and capital-structure management, but it does not constitute a material game-changing event for Noble’s stock in the near term. Materiality is more likely to arise from upcoming assay results, BHEM targets, and the outcome of the Homeland distribution vote, rather than the current drill survey plan alone.

• Noble Mineral Exploration is a Canadian junior explorer with a diverse portfolio spanning Timmins-area VMS and precious metals (Carnegie/Timmins), rare earth assets (Thomas Rare Earth project in Ontario; Gull Lake, Chapiteau in Quebec/Labrador), and strategic investments (投资 in Homeland Nickel and East Timmins Nickel consortium with Canada Nickel). The flagship exposure appears to be its 20% stake in East Timmins Nickel Company (Mann, Texmont, and Crawford-related initiatives) in partnership with Canada Nickel, with the possibility of scaling through additional projects (Mann West, Mann Central). Noble also holds royalties on transferred claims and maintains NSR rights in various transactions, suggesting ongoing optionality and potential upside from project maturation.