Noble Mineral Exploration Inc. (TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) announced the closing of its non-brokered private placement and the extension of warrants, marking a significant step in the company's exploration strategy. The private placement, initially announced on November 10, 2025, raised gross proceeds of approximately $1,027,997.94 through the issuance of 17,133,299 flow-through common share units at $0.06 per unit. Each unit consists of one flow-through common share and one-half non-flow-through common share purchase warrant, with each full warrant exercisable at $0.10 per share for two years.
In connection with the offering, Noble paid aggregate cash commissions of approximately $43,050 and issued 647,497 broker warrants, exercisable at $0.06 per share for two years. All securities issued are subject to a four-month hold period. The closing was conditional upon approval from the TSX Venture Exchange (the “Exchange”), and final approval is still pending.
The proceeds from the private placement are intended to fund exploration expenditures on the company's properties in Ontario. Noble has a substantial portfolio of mineral rights, including approximately 70,000 hectares in Northern Ontario and 24,000 hectares in Quebec, with a focus on drill-ready gold, nickel-cobalt, and base metal targets.
Additionally, Noble extended the term of 7,933,333 common share purchase warrants originally issued in private placements in 2022 and 2023. These warrants now expire in November 2027 and December 2027, as detailed in the company's news release on November 6, 2025. The Exchange has approved this extension. Holders of the extended warrants will be notified, though replacement certificates will only be issued upon request.
Noble Mineral Exploration Inc. is a Canadian junior exploration company with holdings in several other companies, including Canada Nickel Company Inc., Homeland Nickel Inc., and East Timmins Nickel Inc. (20%). The company also holds interests in the Holdsworth gold property near Wawa, Ontario, and various properties in Quebec, such as the Buckingham Graphite Property and the Havre St Pierre Nickel, Copper, PGM property. For more details, visit noblemineralexploration.com.
This announcement underscores Noble's commitment to advancing its exploration projects and securing the necessary funding to support its activities. The extension of warrants provides existing investors with additional time to participate in the company's growth, while the private placement strengthens its financial position for upcoming exploration work.
