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Noble Mineral Exploration Inc (2)
Symbol NOB
Shares Issued 257,077,703
Close 2026-03-16 C$ 0.105
Market Cap C$ 26,993,159
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Noble Mineral upbeat about Quebec government data

2026-03-16 17:32 ET - News Release

Mr. Vance White reports

HISTORIC GOVERNMENT DATA REVEALS SIGNIFICANT SCANDIUM AND RARE EARTH ELEMENT POTENTIAL IN THE CHIBOUGAMAU AREA

Noble Mineral Exploration Inc.'s review of historic government geochemical data from the Chibougamau area has identified multiple anomalous concentrations of scandium (Sc) and rare earth elements (REE) from rock samples collected during a 1986 government survey. A total of 22 claims for a total of 1,232 hectares has been acquired through map staking.

The area of the claims is about 90 kilometres southwest of Chibougamau, Que. and exhibit both basalt (V3B) and tonalite (I1D) lithologies and demonstrate elevated scandium values along with associated critical metals including niobium (Nb), thorium (Th), beryllium (Be), germanium (Ge), vanadium (V), copper (Cu), manganese (Mn) and total rare earth elements.

Key highlights from the Quebec dataset (Report MB 90-01)

  • Sample 1986000266 (basalt) returned 530 parts per million scandium, one of the highest values in the dataset, accompanied by 360 ppm vanadium, 160 ppm copper, 30 ppm niobium and 0.19 per cent manganese.

  • Sample 1986000257 (tonalite) returned 247 ppm scandium with associated niobium and thorium enrichment.

  • Sample 1986000256 (tonalite) returned 185 ppm scandium, also with elevated thorium and niobium.

  • Sample 1986000289 (tonalite) returned 148 ppm scandium and a notable 405.3 ppm total rare earth elements (REE) along with 32 ppm thorium.

  • Sample 1986000258 (tonalite) returned 91 ppm scandium with additional trace element enrichment.

Exploration implications

The presence of multiple anomalous scandium values across several lithologies within the same map sheet indicates a potentially broader mineralized system. Scandium is a critical metal used in high-strength aluminum alloys, solid oxide fuel cells and advanced aerospace materials, making new sources strategically important.

The association with rare earth element and high-field-strength elements such as niobium and thorium further strengthens the geological significance of the area and may point toward a fertile intrusive or magmatic system capable of hosting critical metal mineralization.

Next steps

The historic dataset provides a compelling basis for modern exploration techniques, including:

  • High-resolution geochemical sampling;

  • Structural and lithological mapping;

  • Geophysical surveys;

  • Targeted drilling programs.

Re-evaluation of historical government datasets continues to demonstrate the value of archival geological work in identifying previously overlooked critical mineral opportunities.

Vance White, president and chief executive officer of Noble, said, "We are very pleased to acquire this exciting new project in light of the geopolitical interest in finding new sources of Scandium and Rare Earth Elements"

Wayne Holmstead, Quebec PGeo No. 10434, a "qualified person" as such term is defined by National Instrument 43-101, has verified the data disclosed in this news release and has otherwise reviewed and approved the technical information in this news release on behalf of Noble.

About Noble Mineral Exploration Inc.

Noble Mineral Exploration is a Canadian-based junior exploration company, which has holdings of securities in Canada Nickel Company Inc., Homeland Nickel Inc., East Timmins Nickel Inc. (20 per cent) and its interest in the Holdsworth gold exploration property in the area of Wawa, Ont.

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