Noble Mineral Exploration Inc. (TSXV: NOB) (OTCQB: NLPXF) has entered into 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. Additionally, the vendors will receive a 1.5% net smelter returns royalty, with Noble holding the right to buy back one-third of the royalty 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 on the Gowest property identified indicated and inferred gold resources. Both properties are situated in the Abitibi Greenstone Belt, a premier Archean gold-producing district in Canada. The gold mineralization is hosted in mafic volcanic rocks, ultramafic units, altered shear zones, and local intrusive rocks, occurring as disseminated pyrite, fine free gold, and associated with quartz-carbonate alteration.
Noble's CEO, H. Vance White, expressed satisfaction with the acquisition, stating, "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 of this release has been reviewed by Wayne Holmstead, P.Geo., an independent Qualified Person under NI 43-101.
In addition, Noble provided final details regarding its recently completed plan of arrangement, effective May 27, 2026. Under the arrangement, each pre-arrangement share was exchanged 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 this amount is treated as a return of capital to shareholders. 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 interests in various properties across Ontario, Quebec, and Newfoundland. These include the ~18,000-hectare Project 81 in Timmins-Cochrane, the Holdsworth gold property near Wawa, and significant holdings in Canada Nickel Company, Homeland Nickel, and East Timmins Nickel. The company's common shares trade on the TSX Venture Exchange under the symbol "NOB". More information is available at www.noblemineralexploration.com.
