Noble Mineral Exploration Inc. (TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) has announced the commencement of its Phase 2 summer exploration programs on the Chapiteau Rare Earth Property in Labrador and the Mehmet Rare Earth Property in Quebec, Canada. The surface exploration programs, requiring helicopter support, are scheduled for the last week of June and the first week of July, with Canadian Helicopters out of Goose Bay, Labrador providing support.
The Chapiteau Rare Earth Property, recently acquired by Noble in late 2025, comprises 25 map-staked units in one group and 18 units about 15 km east, covering part of a large REE-enriched alkaline intrusive system. Previously explored by Midland Exploration during 2010-2011, the area includes a 9 km diameter magnetic alkaline granite complex. Regional sampling returned exceptionally strong results, with grab samples containing up to 8.34% Total Rare Earth Oxides (TREO) and heavy rare earth enrichment ranging from 2.29% to 12.85% HREO. Within Noble's ground, six grab samples exceeded 0.5% TREO, ranging from 1.4% to 3.02% TREO. Only one historical drill hole, Y3-11-04, tested the CP North showing, intersecting coarse-grained alkaline granite with anomalous REE values averaging approximately 0.14% TREO + Y2O3 over the entire hole, including intervals of 0.13% over 7.5 m, 0.14% over 12.0 m, and 0.16% over 7.5 m. The property lies about 100 km south of the Strange Lake REE deposits and 38 km northeast of the Crater Lake Scandium-REE resource, positioning it in one of Canada's most prospective rare earth districts.
The Mehmet Rare Earth Property in northeastern Quebec is an early-stage rare metals and rare earth occurrence classified as a hyperalkaline rare-metals showing. According to Quebec's SIGÉOM database, such environments can host REEs, niobium, zirconium, tantalum, uranium, and other critical minerals. One sample from the property contained 2157.1 ppm total rare earth elements, including 550 ppm neodymium, 623 ppm lanthanum, 483 ppm fluorine, and 1027.3 ppm cerium. These systems are attractive due to their potential for large-tonnage critical mineral deposits essential for electric vehicles, wind turbines, permanent magnets, and defense technologies.
H Vance White, President and CEO of Noble, stated, "We are pleased to get this program underway in order to determine the expected follow up programs later this summer and early fall." The company views these properties as compelling early-stage acquisitions due to high-grade surface geochemistry, favorable alkaline intrusive geology, and proximity to established critical-mineral projects.
Wayne Holmstead, Quebec P.Geo. #10434, a qualified person under National Instrument 43-101, has verified the data and reviewed the technical information in this release on behalf of Noble. The company holds mineral and exploration rights in approximately 70,000 hectares in Northern Ontario and 25,000 hectares in Quebec, including the ~647 hectare Chapiteau REE property and the ~4,465 hectare Mehmet REE property. More information is available at https://www.noblemineralexploration.com.
This press release contains forward-looking information under Canadian securities legislation, subject to risks and uncertainties that could cause actual results to differ materially. Noble disclaims any obligation to update forward-looking information.
