The TSX Venture Exchange has accepted for filing documentation with respect to four arm's-length purchase option agreements between Nobel Resources Corp. and certain arm's-length parties, the company will have an option to acquire an 100-per-cent interest in four separate copper projects, namely the Cuprita, Janett, Pampa Austral and Anais projects, located in Antofagasta region, Chile.

Under the terms of the agreements and in order to exercise the options, the company must pay the optionors: (i) an aggregate cash consideration of $3.76-million (U.S.) over a four-year period; (ii) issue 2.5 million common shares of the company; and (iii) issue an additional 2.5 million common shares of the company if a compliant mineral resource estimate is established by the company at the Cuprita project. Additionally, on exercise of the options, the optionors will retain a 2-per-cent net smelter return (NSR) (royalties) on the projects. Further, the company will have an option to buy back a 0.5-per-cent royalty of the NSR royalty on each project at a price ranging from $360,000 (U.S.) to $2-million (U.S.), based on the project.

For further details, please refer to the company's news releases dated Jan. 6, 2025, and April 3, 2025.