Noble Mineral Exploration and Canada Nickel have finalized a series of property transactions that restructure their mineral exploration interests in northeastern Ontario. The companies have established East Timmins Nickel Ltd. (ETN), a new subsidiary that consolidates mining claims in Mann Township and surrounding areas.
Under the agreement, Noble owns a 20% stake in ETN, with Canada Nickel holding the remaining 80%. The newly formed company controls approximately 1,814 mining claims covering over 38,729 hectares across multiple townships, including Reaume, Mann, Newmarket, McCool, Moody, and Galna.
As part of the transaction, Noble transferred its Project 81 interests to Canada Nickel while retaining exploration rights for gold, silver, copper, lead, and zinc. Both companies have maintained royalty interests in the transferred properties, with Noble securing up to a 2% royalty on transferred assets.
The strategic consolidation aims to maximize the value of the Mann Township properties and provide exposure to additional nickel sulphide targets in the Timmins mining camp. Company leadership anticipates releasing resource estimates for at least two projects in the second quarter of 2025.
The transaction highlights the ongoing strategic repositioning of mineral exploration companies to optimize property portfolios and attract investor interest in critical mineral sectors, particularly those supporting electric vehicle and renewable energy infrastructure.
