Noble Plains closes $1.04-million private placement

Executive Summary

• Noble Plains Uranium Corp. closed an oversubscribed non‑brokered private placement, issuing 11,663,611 units at $0.09 per unit for gross proceeds of $1,049,725.
• Proceeds will fund the upcoming drill program at Duck Creek (Powder River Basin) and additional exploration on Shirley Central and Shirley East projects, plus general working capital.
• The offering included cash finders’ fees of $49,623, issuance of 551,362 non‑transferable finders’ warrants, and insider participation of 925,000 units ($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 (≈ $1.05 M)
• Warrant Terms: Each whole warrant allows purchase of one additional share at $0.15, exercisable any time before 5 p.m. PT on Oct 2 2027 (second anniversary of issuance).
• Finders’ Fees Paid: $49,622.65 in cash.
• Finders’ Warrants Issued: 551,362 non‑transferable warrants, each exercisable at $0.15 until Oct 2 2027.
• Insider Participation: Directors/officers purchased 925,000 units for gross proceeds of $83,250 (related‑party transaction under MI 61‑101).
• Use of Proceeds:
• Drill program on Duck Creek project (Powder River Basin, WY)
• Exploration work on Shirley Central and Shirley East projects (Shirley Basin, WY)
• General working capital
• Statutory Hold Period: All securities subject to hold until Feb 3 2026.
• Regulatory Approval: Offering pending final approval by the TSX Venture Exchange.

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 to continue work across our Shirley basin portfolio,” – Drew Zimmerman, President, Noble Plains Uranium Corp.

Materiality Assessment: Material – Positive (significant capital raise enabling immediate operational execution).