Noble Minerals Acquires a Rare Earth Property in Northern Quebec

Executive Summary

• Noble Mineral Exploration Inc. acquired 90 mining claims covering ~4,465 ha on the Mehmet Property, a newly identified rare‑earth prospect in northern Quebec.
• Government sampling shows high total rare earth element (REE) grades (2,157 ppm REE) with notable concentrations of zirconium, neodymium, yttrium, thorium and niobium.
• The acquisition expands Noble’s critical‑minerals portfolio and positions the company near Scandium Canada’s Crater Lake resource, underscoring its commitment to Canadian rare‑earth development.

Key Details

• Claims Acquired: 90 map‑staked claims (~4,465 ha) on the Mehmet Property, located ~163 km east of Schefferville on the Quebec–Labrador border.
• Geology: Circular magnetic structure ≈10 km across; hyperalkaline rock type (fractured alkali feldspar syenite with clinopyroxene, allanite, apatite, fluorite, magnetite).
• Government Sample Results (Sigeom Sample 1986016233):
• Total REE: 2,157.1 ppm (including 114.4 ppm heavy REEs)
• Zirconium: 2,144.6 ppm
• Neodymium: 392.7 ppm
• Yttrium: 135.3 ppm
• Thorium: 26.1 ppm
• Niobium: 71.5 ppm
• Exploration Status: Minimal prior work; acquisition provides a platform for future drilling and joint‑venture programs.
• Proximity to Other Projects: ~65 km southwest of Scandium Canada’s Crater Lake Property, which hosts a defined rare‑earth and scandium resource (see NI 43‑101 report).
• Qualified Person Review: Wayne Holmstead, P.Geo (OGQ#10434), reviewed and approved all technical information disclosed.
• Strategic Rationale: Enhances Noble’s portfolio of critical mineral assets in Canada; aligns with the company’s goal to develop option/joint‑venture programs across ~70,000 ha in Ontario and ~14,000 ha elsewhere in Quebec.

Notable Quotes

(No direct CEO/President quotes were included in the release.)