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

Core Viewpoint - Noble Plains Uranium Corp. has successfully closed a non-brokered private placement, raising approximately $1.05 million to advance its drilling projects in Wyoming's Powder River Basin and Shirley Basin [1][2]. Financing Details - The company issued a total of 11,663,611 Units at a price of $0.09 per Unit, resulting in gross proceeds of $1,049,724.99 [1]. - Each Unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of an additional share at $0.15 until October 2, 2027 [2]. Use of Proceeds - Proceeds from the Offering will be utilized for the upcoming drill program at the Duck Creek project and additional exploration at the Shirley Central and Shirley East projects, along with general working capital [4]. Insider Participation - Certain Directors and Officers of the company participated in the Offering, acquiring a total of 925,000 Units for gross proceeds of $83,250, which is classified as a related party transaction [5]. Regulatory Compliance - All securities issued are subject to a statutory hold period until February 3, 2026, and the Offering is pending final approval from the TSX Venture Exchange [6]. Company Overview - Noble Plains Uranium Corp. focuses on uranium exploration and development in the U.S., targeting high-potential projects suitable for In Situ Recovery (ISR) to build a scalable inventory of domestic uranium [8].