Noble Minerals Acquires Rare Earth Property in Northern Quebec to Expand Critical Minerals Portfolio
TL;DR
Noble Mineral Exploration gains strategic advantage by acquiring the 4,465-hectare Mehmet Property with high rare earth element concentrations in Quebec's emerging critical minerals district.
Noble acquired 90 mining claims via map staking covering a 10-kilometer circular magnetic structure containing fractured syenite with allanite crystals and rare earth element mineralization.
This acquisition supports Canada's critical minerals supply chain for green technologies, contributing to sustainable energy solutions and economic development in Northern Quebec communities.
The Mehmet Property features a unique circular magnetic structure with exceptionally high rare earth concentrations, including 2,157 ppm total rare earth elements in government samples.
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Noble Mineral Exploration Inc. has acquired mining claims covering approximately 4,465 hectares on the Mehmet Property, a rare earth prospect in Northern Quebec located about 163 kilometers east of Schefferville on the Quebec-Labrador border. The property features a circular magnetic structure approximately 10 kilometers across that the Quebec government classifies as hyperalkaline rock with associated rare metals.
The mineralization occurs in an alkali feldspar and clinopyroxene syenite containing abnormally high amounts of allanite crystals and numerous allanite-filled microfractures. Rock analyses conducted by the Quebec government revealed significant concentrations of rare earth elements, with sample 1986016233 showing 2,157.1 parts per million total rare earth elements, including 114.4 ppm heavy rare earth elements. Additional analysis showed 2,144.6 ppm zirconium, 392.7 ppm neodymium, 135.3 ppm yttrium, 26.1 ppm thorium, and 71.5 ppm niobium.
The property's location approximately 65 kilometers southwest of the Crater Lake Property adds strategic importance, as Scandium Canada has already defined a rare earth and scandium resource in that area. The technical details of the neighboring resource are documented in the NI 43-101 Technical Report and Updated Mineral Resource Estimate for the Crater Lake Project, Quebec, Canada available at https://www.newmediawire.com.
This acquisition represents Noble Minerals' continued commitment to exploring for critical minerals within Canada at a time when global demand for rare earth elements continues to grow. The company's expansion into rare earth exploration comes as nations worldwide seek to secure domestic supplies of these essential materials used in electronics, renewable energy technologies, and defense applications.
Very little exploration work has been conducted on the Mehmet Property beyond the initial government sampling, indicating significant potential for further discovery and development. The property's geological characteristics, including the fractured syenite containing allanite, apatite, fluorite, and magnetite, suggest favorable conditions for rare earth element concentration.
Wayne Holmstead, P.Geo, a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical information in the announcement. The acquisition strengthens Noble's position in the critical minerals sector and expands its portfolio of exploration properties across Canada. The company maintains additional mineral rights and exploration properties throughout Northern Ontario and Quebec, though the Mehmet Property represents a significant addition focused specifically on rare earth elements.
Curated from NewMediaWire
