Noble Mineral Exploration ( (TSE:NOB) ) has issued an announcement.
Noble Mineral Exploration Inc. has finalized transactions with Canada Nickel Company Inc. under an Implementation Agreement, consolidating their interests in nickel projects in Ontario. The transactions involve the creation of East Timmins Nickel Ltd., a subsidiary of Canada Nickel, where Noble holds a 20% interest. Noble transferred its Project 81 interests to Canada Nickel, retaining exploration rights for non-nickel minerals and a royalty on transferred properties. The move is aimed at maximizing the value of the Mann Township properties and gaining exposure to new nickel targets, with plans to distribute a portion of Noble’s holdings in ETN to its shareholders upon ETN going public.
More about Noble Mineral Exploration
Noble Mineral Exploration Inc. operates in the mining industry, focusing on exploration and development of mineral properties. The company primarily deals with nickel projects and has interests in various mining claims in Ontario, Canada.
YTD Price Performance: 8.57%
Average Trading Volume: 118,392
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$9.02M
For a thorough assessment of NOB stock, go to TipRanks’ Stock Analysis page.