Noble Plains Uranium Acquires Historical Drill Data For 1,211 Holes On Shirley Central Project in Wyoming

The most recent news (December 18, 2025) announces that Noble Plains Uranium Corp. has entered into a data acquisition agreement with Pathfinder Mines Corporation and Ur-Energy Inc. (NYSE American: URG | TSX: URE). The company is acquiring a historical database containing 1,211 drill holes for the Shirley Central Project in Wyoming. To pay for this, Noble Plains is providing US$125,000 in cash and issuing 4,786,451 common shares at a price of C$0.1358 per share (totaling C$650,000). Ur-Energy will become a strategic shareholder through this transaction. Additionally, the company is liable for contingent payments of US$0.10 cash and C$0.20 in shares per pound of uranium for any future NI 43-101 compliant resources defined using the data.

This news is Material - Positive for three primary reasons: - Technical Value: The database covers 1,211 holes. Management estimates the cost to replicate this drilling today would exceed US$6 million. This significantly reduces exploration risk and accelerates the timeline for a maiden resource estimate. - Strategic Endorsement: Ur-Energy is a major Wyoming uranium producer. By accepting equity at C$0.1358 (very close to the current market price) in exchange for proprietary data, Ur-Energy is providing a technical "seal of approval" on the Shirley Central Project. - Cost Efficiency: The acquisition allows the company to refine its already permitted 22-hole drill program, ensuring that capital is spent only on the most high-probability targets.

However, the contingent payment structure (totaling roughly $0.30 per pound in value) adds a future liability that will increase the "all-in" cost of any resource defined, though it is only payable if a resource is actually proven.

Noble Plains Uranium Corp. is a junior explorer focused on In-Situ Recovery (ISR) amenable uranium projects in Wyoming, USA. - Flagship Project: Duck Creek Project (Powder River Basin). The company holds an option to acquire 80%. It features over 4,000 historical drill holes and a 3-mile mineralized corridor. - Secondary Project: Shirley Central/East (Shirley Basin). Located adjacent to Ur-Energy’s Shirley Basin ISR project which is currently under construction. - Methodology: The company uses a "brownfield" strategy, acquiring projects with vast historical datasets to fast-track modern resource definition.