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The latest update is out from Noble Mineral Exploration ( (TSE:NOB) ).
Noble Mineral Exploration Inc. and Canada Nickel Company Inc. have signed a Definitive Implementation Agreement to create a new private exploration company, ExploreCo. This move involves transferring certain mining claims to consolidate interests in nickel projects northeast of Timmins, Ontario. Canada Nickel will initially fund ExploreCo with $5 million, and the company will be owned 80% by Canada Nickel and 20% by Noble. The agreement aims to maximize the value of the Mann Township properties while allowing Noble to gain exposure to new nickel sulphide targets without significant upfront dilution.
More about Noble Mineral Exploration
Noble Mineral Exploration Inc. operates in the mining industry, focusing on exploring and developing mineral properties. The company primarily deals with mining claims and has a market focus on large tonnage, low grade nickel projects, particularly in the Timmins, Ontario area.
YTD Price Performance: 14.29%
Average Trading Volume: 125,394
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$9.49M
For detailed information about NOB stock, go to TipRanks’ Stock Analysis page.
