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Noble Plains Uranium Announces Strategic Letter of Intent with Ur-Energy for Potential Processing of Shirley Central Uranium Production

Noble Plains Uranium Seeks Ur-Energy Processing Tie-Up as Duck Creek Resource Nears

By The Northwire Desk — AI Analysis Apr 15, 2026 · 08:31 NOBL · 0.115 Noble Plains Uranium Corp.

Executive Summary

Strategic LOI: Noble Plains entered a non-binding Letter of Intent (LOI) with Ur-Energy Inc. to evaluate future processing of uranium-bearing solutions from Shirley Central at Ur-Energy's Shirley Basin ISR facility.
Shareholder Alignment: Ur-Energy is already a shareholder in Noble Plains following the February 2026 data acquisition agreement ($125k cash + C$650k shares).
Marketing Campaign: Company engaged InvestingChannel, Inc. for a three-month digital marketing campaign costing $35,000 USD payable in advance; no securities issued as compensation.
Operational Context: The LOI follows the acquisition of 1,211 historic drill holes from Ur-Energy and engagement with Geomorphic AI to digitize data for Shirley Central resource definition.
Timeline: Marketing campaign commences April 15, 2026; processing agreement remains non-binding pending further evaluation.

Material Impact

Strategic Validation: The LOI reinforces the strategic positioning of Noble Plains between active uranium developers (Ur-Energy and Uranium Energy Corp.) in Wyoming. It reduces perceived infrastructure risk for Shirley Central by leveraging existing ISR capacity nearby.
Non-Binding Nature: As an LOI, this does not guarantee revenue or processing fees. It is a framework for discussion rather than a binding contract with defined economics.
Incremental Value: The news is positive but largely expected given the prior data acquisition deal and Ur-Energy's shareholder status. It does not introduce new quantifiable assets or resources.
Capital Efficiency: The $35,000 marketing spend is immaterial relative to the company's recent $1M financing and operational budget, indicating low cash burn risk for this specific item.
Market Expectation: Investors are currently focused on the Duck Creek NI 43-101 resource estimate expected in Spring 2026. This Shirley Central LOI is secondary to the primary catalyst of a defined resource at the flagship project.

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Company Overview

Company: Noble Plains Uranium Corp., a junior uranium explorer focused on brownfield assets in Wyoming's premier uranium districts (Powder River Basin and Shirley Basin).
Flagship Project: Duck Creek Project (Powder River Basin, WY).
- Status: Drilling program completed (148 holes), high success rate (~90%), grades exceeding exploration targets.
- Goal: First NI 43-101 compliant resource estimate expected Spring 2026.
Secondary Projects: Shirley Central and Shirley East (Shirley Basin, WY).
- Status: Historic data acquired from Ur-Energy; AI digitization underway; permitting for confirmation drilling received.
Strategy: Acquire historical brownfield assets with existing infrastructure, rapidly advance to compliant resources using capital-efficient exploration methods (ISR focus).

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