Noble Plains Uranium Launches Geophysics Program through University of Wyoming to Detect Buried Uranium Mineralization

Noble Plains Uranium Corp. has launched a geophysical survey program at its flagship Duck Creek property in Wyoming, conducted in partnership with the University of Wyoming Near-Surface Geophysics Instrument Center (UWNSG). The initiative employs 2D Vibroseis, Standard Truck mounted Impact reflection seismic (REFL), and 2D High Power DC Resistivity with Full Waveform decay Induced Polarization (FWD_IP) to detect buried shallow mineralization in the Wasatch Formation and deeper targets within the Fort Union Formation.

The company’s maiden NI 43-101 resource, comprising 5.32M lbs Indicated and 1.04M lbs Inferred, was established using only 2.5 miles of the 5.25-mile mineralized trend. Management intends to utilize the new geophysical data to identify roll-front noses for more precise drill targeting and to systematically expand the resource pounds.

Noble Plains Uranium Corp. released its July 16, 2026 update, marking a planned, incremental step in the company's exploration strategy rather than a new catalyst. The announcement serves as the technical execution of the plan outlined in the maiden resource announcement in April 2026, which explicitly detailed the intent to drill the remaining 2.75 miles of trend and test the Fort Union formation. Because the market was already aware of the expansion targets and the 2026 drilling program, the news is expected and does not contain genuinely new, unexpected information.

Dilution risk remains elevated following the July 9, 2026 grant of 2,000,000 stock options at $0.09 per share to directors, officers, and consultants. While the company closed a $1.0M non-brokered private placement on June 25, 2026, which provides near-term liquidity, the burn rate of approximately $0.3M per month based on H1 2026 expenditures suggests another financing will likely be required by late 2026 or early 2027.

Noble Plains Uranium Corp. is an exploration-stage company focused on In-Situ Recovery (ISR) uranium projects in Wyoming's premier basins. Its flagship Duck Creek project, located in the Powder River Basin, saw a maiden resource announced in April 2026 comprising 5.32 million pounds of Indicated and 1.04 million pounds of Inferred U3O8. This resource exceeded the company's own exploration target on both grade and grade-thickness.

The company also holds the Shirley Central project in the Shirley Basin, situated adjacent to Ur-Energy's producing Shirley mine. Noble Plains digitized 1,211 historical drill holes, identifying 341 qualifying intercepts that averaged 0.055% eU3O8. The company’s strategy involves acquiring historically drilled brownfield assets, rapidly advancing them through targeted drilling and AI-assisted data interpretation, and defining compliant resources to attract ISR development partners.