Noble Plains Uranium Secures Duck Creek Project in Heart of Powder River Basin Uranium District

Core Insights - Noble Plains Uranium Corp. has secured an option agreement to acquire an 80% interest in the Duck Creek Project, located in Wyoming's Powder River Basin, a significant area for uranium production [1][4][10] - The Duck Creek Project spans 4,133 acres and is surrounded by major in-situ recovery (ISR) uranium operations, enhancing its strategic value [2][3] - Historical drilling data indicates a 3-mile uranium trend with 4,068 drill holes outlining a consistent, shallow roll-front uranium system [3][4] Company Overview - Noble Plains Uranium focuses on acquiring and advancing U.S.-based uranium projects that are suitable for ISR, which is recognized as a capital-efficient and environmentally responsible extraction method [14] - The company aims to rapidly delineate NI 43-101 resources and build a pipeline of ISR development opportunities [14] Project Details - The Duck Creek Project includes 78 lode mining claims and four mineral leases, with significant historical drilling conducted by Kerr-McGee Nuclear Corporation in the 1970s [3][4] - The project shows potential for both near-term development and exploration upside, particularly in the untested deeper Fort Union Formation [4] Strategic Context - Wyoming has produced over 238 million pounds of uranium since the 1950s, with the Powder River Basin being a key district for this production [9] - ISR is the dominant extraction method in the region, allowing for faster permitting and lower environmental impact, aligning with Noble Plains' strategy [9] Transaction Terms - The agreement allows Noble Plains to acquire the 80% interest over three years, with initial payments including US$250,000 and the issuance of shares [11][12] - The transaction is subject to approval by the TSX Venture Exchange [12][18]