Noble Mineral Secures Over $1 Million in Private Placement Funding for Ontario Exploration

Noble Mineral Exploration Inc. has completed a significant non-brokered private placement, raising approximately $1,027,997.94 in gross proceeds to advance its mineral exploration activities in Ontario. The company issued 17,133,299 flow-through common share units at $0.06 per unit, with each unit consisting of one flow-through common share and one-half non-flow-through common share purchase warrant. The full warrants are exercisable for two years at $0.10 per share, providing potential future capital infusion opportunities for the company.

The private placement represents a critical funding milestone for Noble's exploration programs across its extensive property portfolio in Northern Ontario. According to the company's announcement, the proceeds will be directed toward exploration expenditures on Noble's Ontario properties, supporting the advancement of multiple drill-ready targets. The transaction received conditional approval from the TSX Venture Exchange and remains subject to final regulatory approval, with all securities issued in the placement subject to a standard four-month hold period.

In a separate but related development, Noble has extended the term of 7,933,333 common share purchase warrants originally issued in 2022 and 2023 private placements. These extended warrants now have expiration dates in November and December 2027, providing warrant holders additional time to exercise their options. The company has received final exchange approval for this warrant extension and will notify all affected warrant holders, though replacement certificates will only be issued upon request.

The successful capital raise comes at a time when junior exploration companies face increasing challenges in securing funding for mineral exploration projects. Noble's ability to attract over $1 million in investment demonstrates market confidence in the company's property portfolio and exploration strategy. The flow-through share structure provides tax advantages to Canadian investors while ensuring the funds are specifically allocated to qualifying exploration activities.

Noble maintains an extensive property portfolio across Ontario and Quebec, including its flagship Project 81 covering approximately 18,000 hectares in the Timmins-Cochrane area. The company's diverse holdings include gold, nickel-cobalt, base metal, and rare earth element exploration targets at various stages of development. Additional information about Noble's operations and property portfolio is available through their corporate website at https://www.noblemineralexploration.com.

The combination of new capital infusion and extended warrant terms provides Noble with enhanced financial flexibility to advance its exploration programs during a period of growing demand for critical minerals. The funding will support ongoing work across multiple properties, including the company's interests in nickel, gold, and rare earth element projects that align with global transition toward clean energy technologies and sustainable resource development.