Noble Plains Closes $1,009,600 Non-Brokered Private Placement

Noble Plains Uranium Corp. closed a non-brokered private placement on June 25, 2026, issuing 10,096,000 units at $0.10 per unit for gross proceeds of $1,009,600. The company allocated the proceeds to exploration at its Duck Creek and Shirley Central uranium projects in Wyoming, alongside general working capital.

Each unit includes one-half common share purchase warrant, exercisable at $0.15 per share for two years. An accelerated expiry provision triggers if the TSXV closing price reaches or exceeds $0.30 for ten consecutive trading days, starting 61 days post-closing, allowing the company to force expiry five days after notice.

Existing shareholder Ur-Energy Inc. subscribed to 616,000 units ($61,600) to maintain its ~6.14% pro-rata ownership. Directors and officers purchased 600,000 units ($60,000) in a related-party transaction exempt from formal valuation under MI 61-101. Finder's fees of $10,600 cash plus 91,000 non-transferable finder warrants were paid. Securities carry a statutory hold period expiring October 26, 2026.

Noble Plains Uranium Corp. (NOBL) is issuing approximately 10.1 million shares and 5.05 million warrants at the current market price of $0.10. The transaction extends the company’s cash runway by approximately three to four quarters, following a first-half 2026 net loss of $546,095 and a cash balance of $126,667 prior to closing.

The capital raise aligns with the company’s stated strategy of funding aggressive drilling programs to convert exploration targets into NI 43-101 resources. Insider and strategic shareholder participation signals internal confidence, though the fundamental exploration-stage risk profile remains unchanged. An accelerated warrant expiry clause introduces a potential overhang if the stock rallies sharply, but at current levels, it remains a distant contingency.

Noble Plains Uranium Corp. is a junior exploration company focused on in-situ recovery (ISR) uranium projects in Wyoming's Powder River and Shirley Basins. Its flagship Duck Creek Uranium Project recently announced a maiden NI 43-101 resource estimate totaling 5.32 million pounds of U3O8 in the Indicated category and 1.04 million pounds in the Inferred category. This resource was derived from a 148-hole, 30,825-foot drill program that achieved a 90% hit rate. Approximately 2.75 miles of the mineralized trend remains undrilled, with a conceptual exploration target of 941,000 to 1,021,000 tons grading 0.020% to 0.052% U3O8.

The company also holds the Shirley Central project, located adjacent to Ur-Energy's ISR facility. Noble Plains Uranium Corp. acquired 1,211 historical drill holes and is leveraging AI-driven digitization to fast-track resource definition. Strategically, the company operates between major producers Cameco and Uranium Energy Corp., leveraging existing ISR infrastructure and favorable regulatory environments.