Noble Mineral Exploration Acquires North Bradshaw Property, Expanding Ontario Mining Claims
TORONTO, ON — August 4, 2026 — Leads & Copy — Noble Mineral Exploration Inc. has entered into an agreement to acquire the North Bradshaw Property from Gravel Ridge Resources Ltd. and 1544230 Ontario Inc. The acquisition signifies Noble’s strategic expansion into prospective mining claims in Ontario, a region recognized for its significant gold-producing potential.
The purchase price for the North Bradshaw Property totals $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 be granted a 1.5% net smelter returns royalty on the North Bradshaw Property. Noble holds the right to buy back one-third of this royalty, equivalent to 0.5%, for a payment of $500,000.
Closing of the transaction is contingent upon the satisfaction of certain conditions, including approval from Noble’s Board of Directors and any necessary approval from the TSX Venture Exchange. The North Bradshaw Property is situated adjacent to the Gowest Bradshaw Gold Property, formerly known as the Frankfield East Deposit, which is held by GoWest Gold Ltd.
The Gowest Bradshaw Gold Property has a pre-feasibility study, amended on September 15, 2015, which identified inferred and indicated resources of gold. This report is available on the GoWest Gold Ltd. website.
Both the Gowest Bradshaw Gold Property and Noble’s North Bradshaw property are located within the Abitibi Greenstone Belt, a prominent Archean gold-producing district in Canada. The geological profile of the Gowest Bradshaw Gold Property indicates that the deposit is hosted within mafic volcanic rocks, ultramafic units, strongly altered shear zones, and local intrusive rocks. Gold mineralization is characterized by a broad, altered and brecciated structural zone, rather than a narrow vein.
Previous exploration on the property identified the principal orebody along the contact between hanging-wall basalt and footwall ultramafic rocks, forming a thick tabular body with notable continuity. Higher-grade gold concentrations were reported along the margins of the main shear zone, with gold occurring primarily as disseminated pyrite, fine free gold, and through quartz-carbonate alteration, silica flooding, and sericite and carbonate alteration.
Noble’s CEO, H. Vance White, expressed enthusiasm for the acquisition, stating, “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 press release has been reviewed and approved by Wayne Holmstead, P.Geo., an independent Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
Noble also confirmed post-completion details regarding its recently finalized plan of arrangement (the “Arrangement”) under the Business Corporations Act (Ontario). The Arrangement became effective at 12:01 a.m. on May 27, 2026. Under the Arrangement, pre-Arrangement common shares of Noble were exchanged for one new common share of Noble and a pro rata portion of 9,000,000 common shares of Homeland Nickel Inc. The exchange ratio was approximately 0.034060787614 of a Homeland share, plus one new Noble share, for each old Noble share held. Fractional Homeland shares or cash were not payable, with the number of Homeland shares rounded down.
The fair market value of each Homeland Share for the purposes of the Arrangement was set at $0.39, based on Homeland Nickel Inc.’s closing price on May 26, 2026. This value was treated as a return of capital to Noble’s shareholders. Noble disclaims responsibility for the tax treatment adopted by individual shareholders, who are encouraged to seek their own tax advice.
Noble Mineral Exploration Inc. is a Canadian-based junior exploration company with holdings in various companies and exploration properties. Its current interests include securities in Canada Nickel Company Inc., Homeland Nickel Inc., East Timmins Nickel Inc., and the Holdsworth gold exploration property. Noble also holds mineral and exploration rights in approximately 70,000 hectares in Northern Ontario and around 14,000 hectares in Quebec and Newfoundland, intended for option or joint venture exploration programs.
The company’s extensive mineral rights and exploration rights span areas such as Project 81 in the Timmins-Cochrane areas of Northern Ontario, and numerous properties in Quebec, including graphite, nickel, copper, PGM, uranium, rare earth, and scandium prospects. In Newfoundland and Labrador, Noble holds the Chapiteau REE property. Noble’s common shares trade on the TSX Venture Exchange under the symbol “NOB.”
Source: Noble Mineral Exploration Inc.
Share this story:
