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Noble Mineral Exploration to acquire Lucas Gold Project from Canada Nickel with a $300K unit issuance deal.

Company Fundamentals
13 Jul 2026
TheNewswire
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Bullish
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Noble Mineral Exploration Inc. has signed a binding Letter of Intent to acquire the Lucas Gold Project from Canada Nickel Company Inc. The deal involves Noble issuing 5 million units valued at $0.06 each, with each unit including one common share and half a warrant. Canada Nickel retains a back-in right to purchase a 25% interest in the property by reimbursing four times Noble's exploration costs after certain conditions are met. The Lucas Gold Project, located near Timmins, Ontario, is drill-ready with known gold zones and several untested targets, making it a promising asset for Noble's exploration portfolio. Further details will be announced as the transaction progresses and regulatory approvals are obtained.

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