Junior Miner Expands Footprint in North America's Rare Earth Sector, Shares Head Higher

2025-11-17 13:31:00 ET

Despite some recent setbacks in the bull market over the last few weeks, mining companies, particularly those involved in the discovery or extraction of rare earth elements (REEs), remain in strong demand among investors. Geopolitical tensions between China, the world’s leading REE exporter, and other countries have heightened interest in securing alternative sources of these critical materials. As a result, any news highlighting activity in this sector is quickly embraced by the market.

Shares of Noble Mineral Exploration Inc. (TSX-Venture: NOB) (OTCQB: NLPXF) are on the move higher today as the company announced that they have acquired a REE property near the Montviel REE resource in Quebec, Canada, through map staking. The Gull Lake property spans approximately 3,000 hectares across 54 staked units, situated within three kilometers east and west of the Montviel carbonatite-hosted REE deposit. This acquisition places Noble in close proximity to one of North America’s largest bastnaesite REE resources, offering potential for future exploration.

The Montviel deposit, owned by Geomega Resources Inc. (TSX-Venture: GMA) (OTCQB: GOMRF) , contains roughly 266 million tonnes grading 1.45% total rare earth oxides (TREO), along with niobium and other co-products such as iron. Nearby drill results from previous diamond exploration intersected carbonatite similar to Montviel, although these holes were not analyzed for REEs. Noble plans to conduct geophysical surveys and a drilling program on Gull Lake to assess its potential to host REEs and further expand its footprint in the strategic Quebec rare earth region.

Shares of NOB are currently up 7.69% at $0.07, while U.S. listed shares (NLPXF) are surging 27.36% at $0.054 in afternoon trading.

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