Core Insights - Intelligent Bio Solutions Inc. will participate in the 21st Annual Emerging Growth Equity Conference hosted by Noble Capital Markets on December 2-3, 2025 [1] Company Overview - Intelligent Bio Solutions Inc. is a medical technology company focused on delivering intelligent, rapid, non-invasive testing solutions [4] - The company’s Intelligent Fingerprinting Drug Screening System utilizes fingerprint sweat analysis, aiming to revolutionize portable testing with potential applications in various fields [4] - The system is designed to be hygienic and cost-effective, screening for recent drug use, including opiates, cocaine, methamphetamine, and cannabis, with results available in under ten minutes [4] - Current customer segments outside the U.S. include construction, manufacturing, engineering, transport and logistics, mining, drug treatment organizations, and coroners [4] Conference Details - The conference will take place at Florida Atlantic University, Boca Raton, FL, with Intelligent Bio Solutions scheduled to present on December 3, 2025, at 11:00 a.m. Eastern Time [2] - A webcast recording of the presentation will be available on the company's investor relations website and Noble's website for 90 days post-event [2]

Core Insights - Noble Roman's, Inc. announced its third quarter 2025 financial data and recent company highlights [1] - A conference call is scheduled for November 17th at 4 PM ET to discuss the earnings summary [1] - The company will file its third quarter 10Q after auditors complete their review, pending a technical determination regarding the valuation of the company's Warrant Liability [1]

Core Insights - Noble Plains Uranium Corp. has appointed Mr. Drew Zimmerman as the new Chief Executive Officer and Director, effective November 2, 2025, marking a significant leadership transition for the company [1][3] - Mr. Paul Cowley, the previous CEO for over 15 years, will transition to the role of Chief Operating Officer while remaining on the Board of Directors, continuing to lead technical efforts in the company's uranium portfolio [2][5] Leadership Transition - Drew Zimmerman has been with Noble Plains since May and has contributed to expanding the project portfolio and advancing the flagship Duck Creek Project towards drilling [3][4] - Mr. Zimmerman has over 14 years of experience in capital markets and commodity sectors, previously serving as an Investment Advisor and Derivatives Portfolio Manager [3][4] - Paul Cowley will focus on leading the technical team and advancing the company's project portfolio from exploration to resource definition [5] Company Strategy and Market Position - Noble Plains is focusing on U.S. in-situ recovery (ISR) uranium projects, with ongoing advancements in the Duck Creek and Shirley Central projects [4][7] - The company aims to build compliant uranium resources across premier ISR districts in Wyoming, positioning itself as a key player in the U.S. nuclear fuel supply chain resurgence [7] - The strengthening uranium market and U.S. policy prioritizing domestic supply are favorable conditions for the company's growth [7] Project Development - Noble Plains is awaiting final drill permits for the Duck Creek Uranium Project, which is a critical step in its development strategy [7] - The company is executing a disciplined approach to project development, aiming to delineate NI 43-101 compliant resources rapidly [9]

Core Viewpoint - Benton Resources Inc. is seeking approval from the TSX Venture Exchange for the acquisition of a 100% interest in Noble Mineral Exploration Inc.'s Island Pond Property, which consists of 7 claims covering 175 hectares and is adjacent to the Company's South Pond Gold Zone in Newfoundland [1][2]. Acquisition Details - The acquisition involves a one-time cash payment of $30,000 and the issuance of 1,000,000 common shares to Noble, subject to a standard four-month hold period from the Exchange approval date [1][2]. - The Island Pond Property is subject to a 2% Net Smelter Royalty (NSR) to an original vendor and a 1% NSR to Noble, with Benton assuming rights to buy back the original 2% NSR for $1.5 million [2]. Company Overview - Benton Resources is a well-financed mineral exploration company listed on the TSX Venture Exchange under the symbol BEX, with a diversified property portfolio and significant equity positions in other mining companies [5]. - The company is focused on advancing its high-grade Copper-Gold Great Burnt Project in Newfoundland, which has a Mineral Resource estimate of 667,000 tonnes at 3.21% Cu Indicated and 482,000 tonnes at 2.35% Cu Inferred [6][7]. Exploration Results - The Great Burnt Project has shown promising geological potential with six known Cu-Au-Ag zones over 15 km, all open for expansion, and impressive drilling results including 25.42 m of 5.51% Cu [7]. - Drilling at the South Pond Gold Zone has confirmed a robust gold-mineralized system with results of 74.20 m of 1.43 g/t Au and 43.75 m of 1.62 g/t Au, also open for expansion [7].

Financial Performance - For the three months ended September 30, 2025, the company reported a net loss of $21.1 million, or $(0.13) per diluted share, on operating revenues of $798.0 million, compared to a net income of $61.2 million, or $0.40 per diluted share, on operating revenues of $800.5 million for the same period in 2024[113]. - For the nine months ended September 30, 2025, net income was $130.1 million, or $0.80 per diluted share, on operating revenues of $2.5 billion, compared to net income of $351.7 million, or $2.37 per diluted share, on operating revenues of $2.1 billion for the same period in 2024[129]. - Operating income decreased by 14% to $373.0 million in 2025 from $433.0 million in 2024[130]. - Operating revenues for the nine months ended September 30, 2025, were $2.521 billion, while operating costs and expenses totaled $2.148 billion[170]. Revenue and Costs - Contract drilling services revenues for floaters increased to $630.2 million in Q3 2025 from $605.3 million in Q3 2024, primarily due to additional floaters acquired[116]. - Jackups revenue decreased to $127.3 million in Q3 2025 from $158.2 million in Q3 2024, mainly due to a $51.8 million decline from changes in operating days[117]. - Total operating costs for contract drilling services increased to $747.6 million in Q3 2025 from $685.1 million in Q3 2024, reflecting a rise in costs associated with the Diamond Transaction[115]. - Operating costs for contract drilling services increased to $2.1 billion in 2025, up 27% from $1.7 billion in 2024[130]. Utilization and Backlog - As of September 30, 2025, Noble's contract drilling services backlog totaled approximately $7.1 billion, with 61% of available days committed for floaters and 59% for jackups[107][109]. - Average rig utilization decreased to 61% in Q3 2025 from 76% in Q3 2024, with floaters at 65% and jackups at 54%[114]. - Total contract drilling services backlog as of September 30, 2025, was approximately $7.1 billion, with 61% of available days committed for the remainder of 2025[152]. Fleet and Market Conditions - The fleet consists of 36 drilling rigs, including 25 floaters and 11 jackups, following the sale of the Noble Reacher on October 6, 2025[98]. - Global rig demand has recovered to exceed pre-pandemic levels, although recent spot prices for Brent crude are in the mid to high $60s per barrel, down from an average of $80 per barrel in 2024[100]. - The majority of the jackup fleet is positioned in the North Sea, where overall activity levels remain subdued compared to historical levels[103]. - The ultra-deepwater floater market remains a focus, with customers prioritizing high-specification floaters, potentially leading to lower utilization for lower specification units[102]. Financial Position and Debt - As of September 30, 2025, total debt amounted to $1.976 billion, with total current liabilities at $779.272 million[167]. - Noble Finance II issued $600 million in 8.000% Senior Notes due 2030 in April 2023, with an additional $800 million issued in August 2024, bringing the total to $1.4 billion[157]. - The Company assumed $550 million in 8.500% Senior Secured Second Lien Notes due October 2030 as part of the Diamond Transaction[158]. - Interest expense increased to $121.0 million in 2025 from $54.5 million in 2024, primarily due to the Diamond Transaction[142]. Cash Flow and Investments - Net cash provided by operating activities increased to $764.6 million in 2025 from $519.3 million in 2024, driven by improved cash flows from operating assets[149]. - Capital additions for the nine months ended September 30, 2025, totaled $339.0 million, with an estimated range of $425.0 million to $450.0 million for the full year[152]. - Capital expenditures for the same period were $(367.776) million, indicating significant investment in operations[170]. Impairments and Expenses - The company recorded a loss on impairment of $60.7 million in Q3 2025, with no impairments noted in Q3 2024[124]. - Depreciation and amortization rose to $147.3 million in Q3 2025 from $109.9 million in Q3 2024, primarily due to the Diamond Transaction[120]. - General and administrative expenses decreased to $33.3 million in Q3 2025 from $43.6 million in Q3 2024, attributed to reductions in corporate charges[121]. Shareholder Returns - The most recent quarterly dividend declared was approximately $79.4 million, or $0.50 per share, with an interim dividend of $0.50 per share expected to be paid on December 18, 2025[160]. - Noble's Board of Directors authorized an increased share repurchase program of up to $400 million, with approximately $370 million remaining as of October 2024[163].

Financial Data and Key Metrics Changes - The company reported adjusted EBITDA of $254 million for Q3 2025, with a free cash flow of $139 million and a cash balance of $478 million, up $140 million from the previous quarter [4][14][15] - Contract drilling services revenue for Q3 totaled $798 million, with an adjusted EBITDA margin of 32% [14] - The total backlog as of October 27 stands at $7 billion, with approximately $2.4 billion and $1.9 billion scheduled for revenue conversion in 2026 and 2027, respectively [15][16] Business Line Data and Key Metrics Changes - The company achieved operational uptime and HSE performance, with significant achievements in well construction and completion activities in Guyana and the U.S. Gulf [5][6] - The backlog increased to $7 billion, supported by key contract awards, including extensions for the Noble Black Lion and Noble Black Hornet rigs [7][10] Market Data and Key Metrics Changes - The committed UDW rig count is approximately 100 rigs, with marketed utilization slightly up to low 90% [10] - Deepwater contracting momentum is on an uptrend, with an average of 18 UDW rig years per quarter fixed in Q2 and Q3, up 10% compared to the preceding two years [10] Company Strategy and Development Direction - The company is focused on maintaining a robust return of capital program and a prudent balance sheet position, with expectations for a healthy EBITDA and cash flow inflection late next year [19] - The management emphasized the importance of deepwater in the global upstream supply stack, indicating a strategic long-term focus on deepwater exploration [22][67] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the tightening of the deepwater market, with expectations for increased activity in late 2026 and 2027 [21][43] - The company is closely monitoring customer budget announcements, which have been less inspiring, but noted the resiliency of rig contracting activity despite macroeconomic challenges [22][66] Other Important Information - The company plans to provide 2026 guidance in the next quarter's earnings call [16] - The management is focused on cost management and optimizing cash flow, with ongoing discussions around contract opportunities for available rigs [12][76] Q&A Session Summary Question: Thoughts on improving utilization for high-spec floater fleet - Management indicated that discussions are ongoing for rigs like the Noble Viking, Jerry DeSouza, and Black Rhino, with a target of achieving 90 to 100% utilization by the second half of 2026 [25][31] Question: Details on Diamond Offshore BOP leases - Management explained the termination of the service agreement and the lease agreement, with a total cash outlay of up to $135 million expected, offset by annual savings of approximately $45 million [26][27] Question: Expectations for first half of 2026 - Management noted that there is limited work expected in the first half of 2026, with a more favorable outlook for the second half of the year [40][41] Question: Confidence in deepwater utilization recovery - Management expressed cautious optimism based on existing contracts and market tightening, indicating that day rates may have bottomed [43] Question: Demand in West Africa and macroeconomic sentiment - Management acknowledged that West Africa is a long-cycle region and noted a mix of firm and delayed project timelines, with overall demand expected to improve in late 2026 and 2027 [71][72]

Financial Data and Key Metrics Changes - Adjusted EBITDA for Q3 2025 was $254 million, with a margin of 32%, reflecting a sequential decline due to several rigs rolling off contract [14][16] - Free cash flow for Q3 was $139 million, excluding $87 million in disposal proceeds from the sale of rigs [14][15] - The cash balance at the end of the quarter increased to $478 million, up $140 million from the previous quarter [14][15] Business Line Data and Key Metrics Changes - Contract drilling services revenue for Q3 totaled $798 million, which was lower sequentially [14] - The backlog increased to $7 billion, with significant contributions from contract extensions and new awards [7][15] Market Data and Key Metrics Changes - The committed UDW rig count is approximately 100, with marketed utilization slightly above 90%, indicating a slight improvement compared to recent quarters [10] - Deepwater contracting momentum is on an uptrend, with an average of 18 UDW rig years per quarter fixed in Q2 and Q3, up 10% compared to the previous two years [10] Company Strategy and Development Direction - The company is focused on maintaining a robust return of capital program and a prudent balance sheet position while navigating through a mid-cycle lull [4][19] - There is an emphasis on securing additional contracts to achieve 90%-100% contract coverage across high-spec drillships by the second half of 2026 [11][21] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding a tightening deepwater market by late 2026 and early 2027, despite some slippage in program start dates [20][22] - The company is closely monitoring customer budget announcements, which have been less inspiring, but sees resilience in rig contracting activity [22][72] Other Important Information - The company plans to provide 2026 guidance in the next quarter's earnings call [16] - There are anticipated additional outlays of up to $135 million related to the termination of BOP service and lease contracts, which will be offset by annual savings of approximately $45 million [18] Q&A Session Summary Question: Thoughts on improving utilization for high-spec floater fleet - Management is optimistic about securing contracts for the Noble Viking, Jerry DeSouza, and Black Rhino, with ongoing discussions [25] Question: Details on Diamond Offshore BOP leases - The service agreement has been terminated, with a $35 million payment expected in Q4, and a maximum of $135 million in cash outlay anticipated [26][27] Question: Expectations for first half of 2026 - Management indicated that there is limited work expected in the first half of 2026, with a more favorable outlook for the second half [40][41] Question: Confidence in deepwater utilization recovery - Confidence is based on existing contracts and ongoing discussions, with a belief that day rates have bottomed [42][43] Question: Market conditions in West Africa - Management noted that West Africa is a long-cycle region, with demand expected to improve in the coming years [71][72] Question: Cost rationalization efforts - The company is realizing incremental cost savings as activity slows, with a focus on maintaining efficiency [76]

Financial Data and Key Metrics Changes - Adjusted EBITDA for Q3 2025 was $254 million, with a margin of 32% [13] - Contract drilling services revenue totaled $798 million for Q3 2025, showing a sequential decline due to rigs rolling off contract [13] - Free cash flow for Q3 was $139 million, excluding $87 million in disposal proceeds, resulting in a cash balance of $478 million, an increase of $140 million from the previous quarter [13][14] - Full-year 2025 adjusted EBITDA guidance narrowed to $1.1 to $1.125 billion, with Q4 expected to be marginally lower than Q3 [15] Business Line Data and Key Metrics Changes - The backlog increased to $7 billion, with $2.4 billion and $1.9 billion scheduled for revenue conversion in 2026 and 2027, respectively [14] - The Noble Black Lion and Noble Black Hornet received two-year contract extensions from BP, valued at $310 million per rig [6][7] - The jackup Noble Resolute secured a one-year contract with ENI at a day rate of $125,000 [7] Market Data and Key Metrics Changes - The committed UDW rig count is approximately 100 rigs, with marketed utilization slightly above 90% [9] - Deepwater contracting momentum is improving, with an average of 18 UDW rig years fixed per quarter in Q2 and Q3, up 10% compared to the previous two years [9] - The Northern Europe market for jackups has stable activity at 90% marketed utilization [10] Company Strategy and Development Direction - The company is focused on securing additional contracts to achieve 90-100% contract coverage across its high-spec drillships by the second half of 2026 [10] - The company aims to optimize cash flow while maintaining a competitive dividend and strong balance sheet [22] - There is a strategic emphasis on deepwater exploration as a critical component of the global upstream supply stack [20][21] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about a tightening deepwater market by late 2026 and early 2027, despite some near-term challenges [19][43] - The company is closely monitoring customer budget announcements, which have been less inspiring, impacting growth expectations [20] - There is a sense of urgency for upstream reserve replacement, indicating a potential shift towards deepwater investments [21][68] Other Important Information - The company expects to incur up to $135 million in additional outlays related to the termination of BOP service and lease contracts from the Diamond Offshore Drilling acquisition [17] - The company is committed to maintaining a robust return of capital program while managing costs effectively [18] Q&A Session Summary Question: Thoughts on improving utilization for high-spec floater fleet - Management is optimistic about securing contracts for the Noble Viking, Jerry DeSouza, and Black Rhino, with ongoing discussions [24] Question: Details on Diamond Offshore BOP leases - The service agreement has been terminated, with a $35 million payment expected in Q4, and a maximum of $135 million in cash outlays anticipated [25][26] Question: Expectations for first half of 2026 - Management indicated that the first half of 2026 may see lower earnings and cash flow, primarily driven by idle time on floaters [30][31] Question: Confidence in deepwater utilization recovery - Confidence is based on existing contracts and ongoing discussions, with a belief that day rates have bottomed [42][43] Question: Demand in West Africa versus South America - West Africa is experiencing slower demand recovery compared to South America, with expectations for improvement in late 2026 and 2027 [72]

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Financial Performance - Q3 2025 Adjusted EBITDA was $254 million[6,9], with a 32% margin[9,26] - Free cash flow for Q3 2025 reached $139 million[6,9] - Through the first nine months of 2025, free cash flow totaled $419 million, representing a 48% conversion from Adjusted EBITDA[6] - $340 million was returned to shareholders in 2025, including an announced Q4 dividend of $0.50 per share[6] - Net debt stood at $1.499 billion[9] - Liquidity was reported at $1.01 billion[9] Contract Backlog and New Contracts - The current contract backlog is $7.0 billion[9,11] - Approximately $740 million in new contracts were secured[6,7] - 63% of floater days are committed for 2025[12] - 57% of jackup days are committed for 2026[12] Fleet Management - Fleet rationalization is underway, with Highlander and Reacher recently completed and Globetrotter II planned[6] Guidance - The company narrowed its 2025 revenue guidance to $3.225 billion - $3.275 billion[6,28] - Adjusted EBITDA guidance is $1.1 billion - $1.125 billion[28] - Capital additions, net of reimbursements, are guided at $425 million - $450 million[28]