Curated News
By: NewsRamp Editorial Staff
September 17, 2026
Noble Mineral to Acquire Lucas Gold Project from Canada Nickel
TLDR
- Noble acquires Lucas Gold Project from Canada Nickel, gaining a drill-ready asset near Timmins with untested gold zones.
- Noble issues 5,000,000 units at $0.06, each with one share and half a warrant, and CNC retains a 25% back-in right.
- Noble's acquisition of Lucas Gold Project includes a First Nation MoU, supporting responsible resource development and local partnerships.
- The Lucas Gold Project sits 30 km north of Timmins, a region with over 75 million ounces of gold production.
Impact - Why it Matters
This acquisition consolidates Noble’s position in the Timmins gold camp, a historically prolific mining district. The Lucas Gold Project’s drill-ready status and multiple untested IP anomalies offer substantial exploration potential, especially with gold prices forecast to rise amid geopolitical uncertainty. For Noble shareholders, the deal adds a valuable asset with near-term catalysts, while the back-in right gives Canada Nickel exposure to any major discovery. The transaction also highlights ongoing consolidation and strategic realignment in the Canadian mining sector, benefiting local stakeholders and First Nations partners.
Summary
Noble Mineral Exploration Inc. (TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) has entered into a Purchase Agreement to acquire the Lucas Gold Project from Canada Nickel Company Inc. (“CNC”), as announced on September 17, 2026. The transaction follows a letter of intent disclosed on July 13, 2026. Under the deal, Noble will issue 5,000,000 units valued at $0.06 per unit, each consisting of one common share and one half non-transferable common share purchase warrant, exercisable at $0.15 per share for two years. CNC receives a Back-in Right to purchase a 25% interest in the property at any time after the Trigger Date by paying Noble four times the Exploration Expenditures. The Trigger Date is the earliest of 36 months from closing, $5 million in Exploration Expenditures, or a binding sale or change of control of Noble. The transaction remains subject to TSX Venture Exchange requirements.
Vance White, President and CEO of Noble, commented, “We are very pleased to be proceeding with the repurchase of an excellent gold prospect on which we know from past work carried out by Noble of an existing gold zone but also a number of untested parallel zones. We believe this to be a very valuable asset to Noble in a space we expect improving forecasted gold price in these uncertain geopolitical times.” The Lucas Gold Project is drill-ready, located 30 km north of Timmins, Ontario, a region famous for over 75 million ounces of gold production. It sits 20 km northeast of the Kidd Creek Mine and 20 km east of CNC’s Crawford Nickel Resource. Infrastructure is excellent, with paved Highway 655 access, power, water, and a MoU with local First Nations.
Noble completed 15 diamond drill holes in 2018, totaling 3,184 meters, covering 650m of a 1700m gold trend. The project hosts six discrete IP anomalous trends, only one of which has been drill-tested, indicating significant exploration upside. For more details, see the Click Here to see part 1 of Table 1: Gold intersections in a Noble, 2018 Diamond Drill Program (true width not known at this time). and Click Here to see part 2 of Table 1: Gold intersections in a Noble, 2018 Diamond Drill Program (true width not known at this time). Additionally, a Click Here to see Figure 1: Mining Claims involved in transaction. is available. The original release can be viewed on www.newmediawire.com.
Source Statement
This curated news summary relied on content distributed by NewMediaWire. Read the original source here, Noble Mineral to Acquire Lucas Gold Project from Canada Nickel
