Noble Minerals Acquires a Rare Earth Property in Northern Quebec

Core Insights - Noble Mineral Exploration Inc. has acquired 90 mining claims on a Rare Earth prospect named the Mehmet Property in Northern Quebec, covering approximately 4,465 hectares [1][7] - The Mehmet Property is located about 163 kilometers east of Schefferville and features a circular magnetic structure approximately 10 kilometers across, classified as hyperalkaline rock with associated rare metals [1][5] - The property contains significant mineralization, including high levels of allanite crystals and various other minerals such as apatite, fluorite, and magnetite [1][3] Geological and Mineral Analysis - Rock analyses by the Quebec Government indicate the presence of 2157.1 ppm total rare earth elements, with 114.4 ppm being heavy rare earth elements [3] - Additional mineral concentrations include 2144.6 ppm Zirconium, 392.7 ppm Neodymium, 135.3 ppm Yttrium, 26.1 ppm Thorium, and 71.5 ppm Niobium [3] - The property is situated 65 km southwest of the Crater Lake Property, which has defined rare earth and scandium resources [5][7] Company Overview - Noble Mineral Exploration Inc. is a Canadian junior exploration company with extensive holdings in mineral and exploration rights across various regions, including approximately 70,000 hectares in Northern Ontario and 14,000 hectares in Quebec [9][10] - The company is focused on exploring critical minerals in Canada, as demonstrated by the acquisition of the Mehmet Property [7]

Ares Capital-Noble Minerals Acquires a Rare Earth Property in Northern Quebec - Reportify