Noble Mineral Exploration Inc. (TSXV: NOB) (OTCQB: NLPXF) announced on August 4, 2026, that it has entered into an agreement to acquire the North Bradshaw Property from Gravel Ridge Resources Ltd. and 1544230 Ontario Inc. The property is contiguous to the Gowest Bradshaw Gold Property, historically known as the Frankfield East Deposit, which is held by GoWest Gold Ltd. This acquisition positions Noble to explore a highly prospective area within the Abitibi Greenstone Belt, one of Canada's premier Archean gold-producing districts.
The purchase price for the North Bradshaw Property consists of $73,000 in cash payable over three years, along with the issuance of 600,000 common shares of Noble. The cash payments are structured as $10,000 on signing, $15,000 on the first anniversary, $18,000 on the second anniversary, and $30,000 on the third anniversary. Additionally, the vendors will receive a 1.5% net smelter returns royalty on the property. Noble retains the right to buy back one-third of the royalty (0.5%) for a payment of $500,000. The transaction is subject to customary conditions, including approval from Noble's Board of Directors and the TSX Venture Exchange.
The North Bradshaw Property lies within the Abitibi Greenstone Belt, which hosts the Gowest Bradshaw Gold Property. A pre-feasibility study of the Gowest property, amended on September 15, 2015, identified indicated and inferred gold resources. That report is available on GoWest Gold's website at www.gowestgold.com. The geological setting includes mafic volcanic rocks, ultramafic units, strongly altered shear zones, and local intrusive rocks. Gold mineralization occurs in a broad, altered, and brecciated structural zone rather than a narrow quartz vein. Previous exploration identified the principal orebody as following the contact between hanging-wall basalt and footwall ultramafic rocks, forming a thick tabular body with excellent continuity. Higher-grade gold is concentrated along the margins of the main shear zone, with gold occurring as disseminated pyrite, fine free gold, quartz-carbonate alteration, silica flooding, and sericite-carbonate alteration.
Noble's CEO, H. Vance White, commented, "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 and approved by Wayne Holmstead, P.Geo., an independent Qualified Person as defined by National Instrument 43-101.
In addition to the acquisition, Noble provided final information regarding its recently completed plan of arrangement under the Business Corporations Act (Ontario), which took effect on May 27, 2026. Under the arrangement, pre-arrangement common shares of Noble were exchanged for one new common 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 determined using its closing price of $0.39 per share on May 26, 2026, and the company is treating $0.39 per whole Homeland Share as a return of capital to shareholders. However, Noble disclaims responsibility for individual tax treatments and encourages shareholders to seek their own advice.
Noble Mineral Exploration Inc. is a Canadian-based junior exploration company with holdings in Canada Nickel Company Inc., Homeland Nickel Inc., and East Timmins Nickel Inc. (20%), as well as its interest in the Holdsworth gold exploration property in Wawa, Ontario. The company holds mineral and/or exploration rights in approximately 70,000 hectares in Northern Ontario and about 14,000 hectares elsewhere in Quebec and Newfoundland. This includes Project 81 in the Timmins-Cochrane areas (~18,000 hectares), Thomas Twp/Timmins (~2,215 hectares), an additional 20% interest in ~38,700 hectares in the Timmins area, and ~175 hectares of mining claims in Central Newfoundland. Noble also holds various properties in Quebec, including the Nagagami Carbonatite Complex, Boulder Project, Buckingham Graphite Property, Havre St Pierre Nickel, Copper, PGM property, and several rare earth and uranium properties. In Newfoundland and Labrador, it holds the Chapiteau REE property.
This acquisition and the completion of the arrangement are part of Noble's strategy to advance its exploration portfolio in prospective Canadian mining districts. The properties offer potential for gold, nickel, and base metal discoveries, which could contribute to the company's growth and the broader mining sector.
