Noble Plains Uranium Receives Drill Permit for Duck Creek Uranium Project in Wyoming - Drilling Now Underway
None
On November 25, 2025, Noble Plains Uranium announced it has received the necessary drill permit and has commenced a 37,400-foot (11,400-metre), 175-hole drill program at its flagship Duck Creek Uranium Project in Wyoming. The objectives of the program are threefold: 1. Confirm and validate the 1,317 historical drill intercepts completed by Kerr-McGee in the 1970s. 2. Expand the known mineralized footprint within the shallower Wasatch Formation. 3. Test the deeper Fort Union Formation, which the company's COO described as a potentially "transformative" target that could significantly increase the project's resource scale.
The company is targeting the delivery of a maiden NI 43-101 compliant uranium resource by spring 2026.
The commencement of drilling at Duck Creek is a material and positive development. It marks the successful execution of the company's strategy, progressing rapidly from project acquisition in June/August 2025, to permitting in August, and now to active exploration. This is a critical operational milestone that de-risks the project's timeline.
The primary risk now shifts from permitting and financing to geological and execution risk. The results from this drill program will be the single most important driver for the company's valuation in the near term. The scale of the program is significant for a company of this size and demonstrates a clear focus on its flagship asset.
However, a critical review of the company's historical news reveals a subtle but important timeline shift. An August 27, 2025 news release mentioned targeting an "initial NI 43-101-compliant resource in the first half of 2025," which was clearly a forward-looking statement error. The current release revises this timeline to "spring 2026." While delays are common in exploration, this adjustment is noteworthy and must be tracked.
The market reaction has been muted to negative, with the stock price declining from a high of $0.16 in late September to its current level around $0.10. This could reflect a "sell the news" event following the recent financing, or broader market awareness of the inherent risks of exploration drilling and the significant dilution from the recent financing and warrant overhang. While the news itself is operationally positive, the ultimate impact on the stock will depend entirely on the drill results.
Noble Plains Uranium Corp. is a Canadian-based junior exploration company focused on acquiring and advancing brownfield, in-situ recovery (ISR) amenable uranium projects in Wyoming, USA.
The company's flagship project is the Duck Creek Project, located in the prolific Powder River Basin. Noble Plains has an option to earn an 80% interest in the project. Duck Creek is a brownfield asset with a substantial historical database from over 4,000 drill holes completed by Kerr-McGee Nuclear Corporation in the 1970s. The project has a NI 43-101 technical report which outlines a conceptual exploration target based on this historical data. The company also holds the Shirley Central (100% option) and Shirley East projects in Wyoming's Shirley Basin.