Curated News
By: NewsRamp Editorial Staff
November 21, 2025
Noble Mineral Raises $1M, Extends Warrants for Ontario Exploration
TLDR
- Noble Mineral raised over $1 million through a private placement, providing capital advantage for aggressive exploration of its Ontario mineral properties.
- Noble issued 17.1 million flow-through shares at $0.06 each with attached warrants and extended 7.9 million existing warrants to 2027 following TSX Venture Exchange approval.
- This funding enables responsible mineral exploration in Ontario, supporting local economic development and sustainable resource discovery for future generations.
- Noble Mineral now controls exploration rights across nearly 100,000 hectares in Ontario and Quebec, including diverse gold, nickel and rare earth element targets.
Impact - Why it Matters
This development matters because it signals strong investor confidence in Noble Mineral's exploration prospects during a period of growing demand for critical minerals. The successful $1 million private placement, combined with strategic warrant extensions, provides crucial funding for advancing mineral exploration in Ontario's resource-rich regions. For investors, this represents potential growth opportunities in nickel, gold, and rare earth elements - commodities essential for the green energy transition and technological manufacturing. The flow-through share structure offers tax advantages to Canadian investors while funding exploration that could lead to new mineral discoveries, potentially creating long-term value and contributing to domestic supply chains for electric vehicle batteries and renewable energy infrastructure.
Summary
Noble Mineral Exploration Inc., a Canadian junior exploration company trading on the TSX Venture Exchange under symbol NOB, has successfully closed a significant non-brokered private placement that raised approximately $1.03 million in gross proceeds. The financing involved the issuance of 17,133,299 flow-through common share units at $0.06 per unit, each consisting of one flow-through share and one-half non-flow-through warrant exercisable at $0.10 per share for two years. The company also issued 8,566,649 warrants and paid approximately $43,050 in cash commissions along with 647,497 broker warrants. All securities from this private placement are subject to a standard four-month hold period, with the transaction receiving conditional approval from the TSX Venture Exchange and awaiting final regulatory approval.
In a parallel development, Noble has strategically extended the term of 7,933,333 common share purchase warrants originally issued during 2022 and 2023 private placements, pushing their expiration dates to November and December 2027. The company has received final exchange approval for this warrant extension and will notify warrant holders while maintaining the requirement that original certificates must be presented for exercise. The proceeds from the private placement are earmarked specifically for exploration expenditures on Noble's extensive mineral properties in Ontario, demonstrating the company's commitment to advancing its exploration programs. The original release can be viewed on www.newmediawire.com, providing investors with comprehensive details about these financial developments.
Noble Mineral Exploration maintains a diverse portfolio of mineral rights spanning approximately 94,000 hectares across Northern Ontario and Quebec, including significant holdings in the Timmins-Cochrane area known as Project 81, which hosts drill-ready gold, nickel-cobalt, and base metal targets. The company also holds strategic investments in Canada Nickel Company Inc., Homeland Nickel Inc., and East Timmins Nickel Inc., along with interests in various graphite, nickel, copper, PGM, uranium, and rare earth element properties. This latest financing and warrant extension strategy positions Noble to aggressively pursue exploration across its substantial land package while maintaining strong shareholder value through careful capital management and strategic resource development.
Source Statement
This curated news summary relied on content disributed by NewMediaWire. Read the original source here, Noble Mineral Raises $1M, Extends Warrants for Ontario Exploration
