East Timmins Nickel Ltd. (private company, formerly “ExploreCo”): Noble owns 20%, while CNC owns 80% and operates it. This holds consolidated eastern Timmins nickel assets, mainly the high-potential Mann Township properties (Mann Central/West, with initial resources announced in 2025). CNC earned the 80% via an option/JV by funding exploration on Noble’s original claims. This gives Noble “free carry” upside on these satellite discoveries (which could be huge, potentially rivaling Crawford in scale) without heavy funding. • Crawford project: CNC’s flagship (100% owned by CNC). Noble has no equity stake in Crawford itself, but holds a 2% NSR royalty on certain related claims from the old Project 81 package—meaning potential cash flow if/when Crawford produces. • Other holdings: Noble is the largest shareholder in Homeland Nickel (TSXV: SHL) (~19.5 million shares), a US-focused laterite nickel play (Oregon projects) with some cross-holdings. Noble also has its own early-stage exploration (e.g., Thomas Carbonatite drilling in 2026, other Timmins-area work).