Noble Mineral Exploration Inc. Completes Phase 1, Helicopter Supported, Summer Exploration Programs on Quebec Critical Minerals Projects

Noble Mineral Exploration Inc. completed Phase 1 surface exploration on its Chapiteau property in Labrador and its Mehmet property in Quebec in late June and early July 2026. A total of 69 samples have been submitted to Activation Labs for analysis of gold, platinum, palladium, and rare earth elements (REE). Results are expected in mid-August 2026 to guide follow-up exploration.

The company has applied for funding from the Ontario Junior Exploration Program (OJEP) for diamond drilling on the Lucas Property near Timmins. The program is delayed until freeze-up due to water-soaked ground conditions. Historical data highlights strong regional sampling at Chapiteau, with grab samples up to 8.34% TREO, and Mehmet, which returned 2,157.1 ppm total REE, providing geological context for the ongoing work.

Noble Mineral Exploration Inc. (NOB) released a routine operational update on July 21, 2026, confirming the execution of previously announced summer exploration programs. The release contained no new material discoveries, financial impacts, or unexpected catalysts, as the market was already aware of the Phase 1 and Phase 2 exploration plans and the OJEP funding application.

The delay of drilling on the Lucas Property until freeze-up is a standard seasonal constraint in Ontario and does not alter the long-term exploration timeline. Since June 2026, the stock has traded in a tight, low-volume range between $0.06 and $0.07, indicating that the market has already priced in these incremental steps.

Noble Mineral Exploration Inc. is a pre-revenue exploration company focused on critical minerals, including rare earth elements (REE), gold, and base metals, across Ontario, Quebec, and Labrador. Its flagship projects include the Chapiteau REE property in Labrador, the Mehmet REE property in Quebec, the Lucas Gold Project in Ontario, and VMS polymetallic targets in the Timmins/Kidd Creek area.

The company holds approximately 70,000 hectares in Northern Ontario and 24,000 hectares in Quebec, strategically positioned near major deposits like Strange Lake, Crater Lake, and Montviel. Management's strategy focuses on advancing early-stage critical mineral projects through surface exploration, geophysics, and targeted drilling, often leveraging government grants and joint ventures.