09:30:29 EDT Wed 15 Oct 2025
Enter Symbol
or Name
USA
CA



Noble Mineral Exploration Inc (2)
Symbol NOB
Shares Issued 237,299,404
Close 2025-10-14 C$ 0.05
Market Cap C$ 11,864,970
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Noble Mineral to sell Island Pond claims to Benton

2025-10-14 22:08 ET - News Release

Mr. H. Vance White reports

NOBLE AGREES TO SELL ISLAND POND CLAIMS TO BENTON RESOURCES INC.

Noble Mineral Exploration Inc. has entered into an agreement to sell its Island Pond claims in Newfoundland and Labrador to Benton Resources Inc.

The Island Pond claims are a group of seven mining claims located in central Newfoundland, covering an area of approximately 175 hectares. The Island Pond property is strategically located north of Benton's South Pond gold zone within the Great Burnt copper-gold project area.

Under the agreement that was signed, Noble would sell these claims to Benton in exchange for one million common shares of Benton and a payment of $30,000. The shares will have a standard four-month hold period as required under TSX Venture Exchange policies. In addition, Noble would retain a 1-per-cent net smelter return (NSR) royalty that would not be subject to any buyback rights. However, Benton would hold a right of first refusal over any proposed sale of the royalty by Noble. The property is also subject to a pre-existing 2-per-cent net smelter return royalty.

Closing of the transaction is subject to satisfaction of certain conditions, including obtaining approval of the board of directors of Noble, as well as any required approval of the TSX Venture Exchange.

Noble's chief executive officer, H. Vance White, said: "We wish to congratulate Benton on the success they have had to date on the Great Burnt and look forward to results in the future. Noble will retain a 1-per-cent NSR on the seven mining claims being sold subject a right of first refusal to Benton."

About Noble Mineral Exploration Inc.

Noble Mineral is a Canadian-based junior exploration company, which has holdings of securities in Canada Nickel Company Inc., Homeland Nickel Inc. and East Timmins Nickel Inc. (20 per cent), and its interest in the Holdsworth gold exploration property in the area of Wawa, Ont.

Noble holds mineral and/or exploration rights in approximately 70,000 hectares in Northern Ontario and approximately 14,000 hectares elsewhere in Quebec and Newfoundland, upon which it plans to generate option/joint venture exploration programs.

Noble holds mineral rights and/or exploration rights in approximately 18,000 hectares in the Timmins-Cochrane areas of Northern Ontario known as Project 81, approximately 2,215 hectares in Thomas Twp/Timmins, as well as an additional 20-per-cent interest in approximately 38,700 hectares in the Timmins area and approximately 175 hectares of mining claims in central Newfoundland. Project 81 hosts diversified drill-ready gold, nickel-cobalt and base metal exploration targets at various stages of exploration. Noble also holds approximately 4,600 hectares in the Nagagami carbonatite complex and its approximately 3,200 hectares in the Boulder project, both near Hearst, Ont., as well as approximately 3,700 hectares in the Buckingham graphite property, approximately 10,152 hectares in the Havre St. Pierre nickel, copper and PGM (platinum group metal) property, and approximately 1,573 hectares in the Cere-Villebon nickel, copper and PGM property, an approximately 569-hectare uranium/rare earth property (Chateau) and an approximately 461-hectare uranium/molybdenum property (Taser North), all of which are in the province of Quebec.

Noble's common shares trade on the TSX Venture Exchange under the symbol NOB.

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