Nobel Resources Corp to Hold Annual Meeting on Share Consolidation

TORONTO, Sept. 04, 2026 /CourierPR/ -- Nobel Resources Corp., a Canadian resource company, is set to hold its annual and general special meeting on October 15, 2026. Shareholders will have the opportunity to vote on the election of the company’s board of directors and the re-approval of its stock option plan. Additionally, shareholders will be asked to approve a proposed share consolidation, which would reduce the number of shares outstanding from 209,398,784 to approximately 41,879,757, based on a ratio of five pre-consolidation shares for one post-consolidation share.

The share consolidation, which is subject to regulatory approval, aims to provide the company with greater flexibility as it advances exploration of the Cuprita project. No fractional shares will be issued; instead, any fractional shares would be rounded down to the nearest whole number, with no cash compensation provided.

The consolidation process will also affect all outstanding options and warrants of the company. It is important to note that the share consolidation is contingent upon approval by at least two-thirds of the votes cast by shareholders present at the meeting and the receipt of necessary regulatory approvals, including those from the TSX Venture Exchange.

Vern Arseneau, Chief Executive Officer of Nobel Resources, stated, "This meeting is a critical step in the ongoing development of the Cuprita project. We are seeking shareholder support for the share consolidation to streamline our operations and enhance our strategic flexibility."

The company currently has 209,398,784 shares issued and outstanding. Assuming a consolidation on the basis of five pre-consolidation shares for one post-consolidation share, the company will have approximately 41,879,757 post-consolidation shares issued and outstanding.

Nobel Resources is focused on identifying and developing prospective mineral projects. The company’s team has a proven track record of exploration success, and the Cuprita project holds significant potential. The upcoming meeting is a key milestone in the company’s strategic plans.

Visit the company’s website at www.nobel-resources.com

Forward-looking information contained in this press release, including statements about the future development of the Cuprita project, the approval of the share consolidation, and the impact of the consolidation on the company’s operations, involves risks and uncertainties. Actual results may differ materially from those expressed or implied due to various factors, including business, economic, competitive, geopolitical, and social uncertainties, and other risks inherent in the mining industry.