Noble to Drill Rare Earth Element Project in Ontario with Govt Grant Money
Noble Mineral to Drill Thomas Carbonatite Near Timmins, Ontario with help of Ontario Junior Exploration Program
Toronto, Ontario – January 22, 2026 – TheNewswire – Noble Mineral Exploration Inc. (“Noble” or the “Company”) (TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) is pleased to report that it has signed a drill contract for drilling on the Thomas Rare Earth property near Timmins Ontario.
Thomas Carbonatite – Rare Earth Project
Research by the staff of Noble identified a magnetic feature in Thomas Township that resembles a classic carbonatite, magnetic signature. Carbonatites are a special group of carbonate-rich igneous rocks and the world’s primary source of rare earth elements (REE), niobium, zirconium, and phosphate oxide. In most cases, carbonatites are intrusive or subvolcanic, forming cone sheets, volcanic necks, dykes, sills, breccias, and veins. Because carbonate minerals weather so easily outcropping of carbonatitic rock is rare and the Thomas Carbonatite is no exception.
The magnetic signature of a carbonatite usually resembles a donut shaped body with a magnetic high surrounding an extreme magnetic low (see Fig 1). The magnetic low is caused by the carbonate rich section of the intrusion and may be the carrier of rare earth elements (REE), niobium, zirconium, and phosphate oxide.
To the best of our knowledge, the magnetic structure has never been drilled and does not outcrop on surface.
In 2023, a magnetometer and VLF-EM survey was completed by Noble to identify the exact position of the magnetic low and the depth of the overburden in order to prepare for the present drilling. Phase 2 will consist of drilling into the magnetic low to confirm the existence of a carbonatite and test for economic mineralization.
Noble has been awarded an Ontario Junior Exploration Program grant by the Ontario Government. The grant provides a 50% rebate on exploration programs of up to $200,000 on a $400,000 exploration program in Ontario.
Figure 1: Airborne Magnetic survey over Thomas Structure. Distance between lines 100m.
Figure 2: Ground Magnetic survey over Thomas Structure
Vance White, President and CEO of Noble, said “We are pleased to start up a drill program on this exciting untested project in light of the geopolitical interest in finding new sources of Rare Earth Elements. We also appreciate the assistance Ontario’s OJEP.”
Wayne Holmstead P.Geo. #2509, 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 Inc. 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%), and its interest in the Holdsworth gold exploration property in the area of Wawa, Ontario.
Noble holds mineral and/or exploration rights in ~70,000ha in Northern Ontario and ~24,000ha elsewhere in Quebec upon which it plans to generate option/joint venture exploration programs.
Noble holds mineral rights and/or exploration rights in ~18,000 hectares in the Timmins-Cochrane areas of Northern Ontario known as Project 81, ~2,215 hectares in Thomas Twp/Timmins, as well as an additional 20% interest in ~38,700 hectares in the Timmins area held by East Timmins Nickel. Project 81 hosts diversified drill-ready gold, nickel-cobalt and base metal exploration targets at various stages of exploration. Noble also holds ~4,600 hectares in the Nagagami Carbonatite Complex and its ~3,200 hectares in the Boulder Project both near Hearst, Ontario. ~3,700 hectares in the Buckingham Graphite Property, ~10,152 hectares in the Havre St Pierre Nickel, Copper, PGM property, and ~1,573 hectares in the Cere-Villebon Nickel, Copper, PGM property, ~569 hectare Uranium/Rare Earth property (Chateau), ~461 hectare Uranium/Molybdenum property (Taser North), ~4,465 hectares REE Mehmet Property, and the ~3300 hectare Gull Lake REE Property all of which are in the Province of Quebec and the ~647 hectare Chapiteau REE property in Labrador.
https://www.noblemineralexploration.com
Noble’s common shares trade on the TSX Venture Exchange under the symbol “NOB”.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA is receiving compensation from NOB of US$50,000 cash for a six-month marketing contract and previously received US$50,000 cash for a six-month marketing contract which has since expired. This message is for informational and educational purposes only and does not provide investment advice.