Noble Plains Uranium Closes $1,049,725 Over-Subscribed Private Placement

Executive Summary

• Noble Plains Uranium Corp. closed a non‑brokered private placement of 11,663,611 units at $0.09 per unit, generating gross proceeds of $1,049,724.99.
• Proceeds are earmarked to fund an upcoming drill program at the Duck Creek project in Wyoming’s Powder River Basin and additional exploration on Shirley Basin assets, as well as general working capital.
• The offering included a cash finder‑fee of $49,622.65, issuance of 551,362 non‑transferable finder warrants, and participation by insiders who purchased 925,000 units for $83,250.

Key Details

• Units Issued: 11,663,611 (each unit = 1 common share + ½ warrant).
• Price per Unit: $0.09.
• Gross Proceeds: $1,049,724.99.
• Warrant Terms: Each whole warrant allows purchase of one additional share at an exercise price of $0.15, exercisable until 5:00 p.m. PT on October 2, 2027 (second anniversary of issuance).
• Finder’s Fees: Cash fees paid of $49,622.65; 551,362 non‑transferable finder warrants issued (exercise price $0.15, same expiry as above).
• Insider Participation: Directors and officers purchased 925,000 units for $83,250 (≈7% of total units). Treated as a related‑party transaction under MI 61‑101; exemption from formal valuation and minority approval obtained.
• Use of Proceeds:
• Primary: Drill program at Duck Creek project (Powder River Basin, WY).
• Secondary: Exploration work on Shirley Central and Shirley East projects (Shirley Basin, WY).
• Additional: General working capital.
• Statutory Hold Period: Securities subject to hold until February 3, 2026.
• Regulatory Status: Offering pending final approval by the TSX Venture Exchange; exempt from U.S. securities registration.

Notable Quotes

“The strong demand for this financing allows our team to immediately advance drilling at Duck Creek, our flagship project in the Powder River basin… and positions us to keep executing on our vision of rapidly building uranium pounds in the ground in America’s top uranium jurisdictions.” – Drew Zimmerman, President, Noble Plains Uranium Corp.