Business
Noble Acquires Option Properties
(TheNewswire) Toronto, Ontario – July 31, 2023 – Noble Mineral Exploration In...
About this update from Noble Mineral Exploration Inc.
[{"type":"text","content":"Noble Acquires Option Properties\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Toronto, Ontario – July 31, 2023\n– Noble Mineral Exploration Inc.\n \n \n (\n \n \n “Noble”\n \n \n or\nthe\n \n \n “Company”\n \n \n ) (TSX\n \n \n V:\n \n \n NOB\n \n \n )\n \n \n ,\n \n \n (\n \n \n FRANKFURT:NB7\n \n \n )\n \n \n ,\n \n \n (\n \n \n OTC:NLPXF) is pleased to announce that it has acquired a\ntotal of 44\n \n \n mining claims (the “Claims”) in\nMann, Duff, and Reaume Townships, covering an area totaling\napproximately ~904 hectares. The Claims were acquired after payment,\nexploration expenditure commitments and other conditions were\nsatisfied in accordance with two option agreements entered into by\nNoble in 2021. Under both transactions, each optionor or group of\noptionors have retained a 2% NSR subject to Noble’s right to buyback\nhalf of the NSR for $1,000,000 per property during the first four\nyears after the date of each royalty agreement. In addition, Noble is\non track of acquiring a third optioned property totaling 229 mining\nclaims in Mann, Duff and Hanna Townships, covering an area totaling\napproximately 4,932 hectares. For further details regarding the\noriginal transactions on the Claims and the third optioned property\n(collectively, the “Properties”), please refer to the news release\nissued by Noble on August 11, 2021.\n \n \n \n \n The Properties are a portion of the 625 mining claims\n(the “Optioned Claims”) of an option and joint venture agreement\nbetween Noble and Canada Nickel Company Inc. (“Canada Nickel”)\nwhereby Canada Nickel has the right to acquire an up to 80% interest\nin the Optioned Claims subject to satisfying certain conditions. For\nfurther details regarding the option and joint venture agreement\nbetween Noble and Canada Nickel, please refer to the news release\nissued by Noble on February 24, 2022.\n \n \n \n \n About Noble Mineral Exploration\nInc.\n \n \n \n \n Noble Mineral Exploration Inc. is a Canadian-based\njunior exploration company which, in addition to its shareholdings in\nCanada Nickel Company Inc., Spruce Ridge Resources Ltd., Go Metals\nCorp. and MacDonald Mines Exploration Ltd., and its interest in the\n...