Noble Announces Non-Brokered Private Placement

Executive Summary

• Noble Mineral Exploration Inc. announced a non‑brokered private placement of up to 7,000,000 flow‑through common share units at $0.15 per unit (potentially increased by up to 25%).
• The offering could generate gross proceeds of up to $1,050,000 before fees and expenses.
• Proceeds are earmarked to fund exploration expenditures for critical minerals on Noble’s extensive property portfolio across Ontario, Quebec, and Labrador.

Key Details

• Units Offered: Up to 7,000,000 flow‑through (FT) common share units.
• Unit Composition: Each FT Unit = 1 common share (flow‑through) + ½ non‑flow‑through common share purchase warrant (full warrant exercisable for 2 years at $0.20 per share).
• Price: $0.15 per unit, with board discretion to increase the price by up to 25%.
• Maximum Gross Proceeds: Up to $1,050,000 before deducting fees and expenses.
• Holding Period: Securities issued are subject to a four‑month hold period.
• Closing Conditions: Subject to customary conditions, including approval by Noble’s Board of Directors and the TSX Venture Exchange.
• Use of Proceeds: To fund exploration programs for critical minerals on Noble’s properties (gold, nickel‑cobalt, base metals, graphite, REE, uranium, etc.).
• Company Overview (brief): Holds ~70,000 ha in Northern Ontario and ~24,000 ha elsewhere in Quebec; interests include Project 81, East Timmins Nickel, Holdsworth gold property, Nagagami Carbonatite Complex, Boulder Project, Buckingham Graphite Property, Havre St Pierre Ni‑Cu‑PGM, Cere‑Villebon Ni‑Cu‑PGM, Chateau uranium/REE, Taser North U‑Mo, Mehmet REE, Gull Lake REE, and Chapiteau REE.

Notable Quotes

• “We are pleased to announce this financing which will provide the capital needed to advance our exploration programs across a broad portfolio of high‑potential critical mineral projects,” – H. Vance White, President.