Noble Plains Uranium Acquires Historical Drill Data For 1,211 Holes On Shirley Central Project in Wyoming

Core Viewpoint - Noble Plains Uranium Corp. has entered into a data acquisition agreement with Pathfinder Mines Corporation to acquire a historical database of 1,211 drill holes at the Shirley Central Project in Wyoming, which is expected to significantly enhance the company's exploration efforts and resource estimation capabilities [1][3]. Group 1: Data Acquisition Agreement - The agreement involves a payment of US$125,000 in cash and the issuance of C$650,000 in common shares at a deemed price of C$0.1358 per share, totaling 4,786,451 shares [7]. - Ur-Energy will become a significant shareholder of Noble Plains upon closing of the transaction, aligning both companies in advancing the Shirley Central Project [7]. Group 2: Value of the Dataset - The historical dataset includes lithologic logs, geophysical results, and interpretations from multiple operators, which would cost over US$6 million to replicate today [2]. - This dataset is expected to save both time and costs in the exploration process, demonstrating its strategic value [2]. Group 3: Project Details - The Shirley Central Project consists of 30 unpatented mineral claims covering 665 acres and is strategically located adjacent to Ur-Energy's Shirley Basin ISR Project, which has a compliant resource of 8.816 million pounds of U₃O₈ at a grade of 0.23% [4][5]. - The project is positioned between two active U.S. uranium developers, enhancing its potential for future development [5]. Group 4: Future Plans - The acquired drillhole data will be used to refine geological modeling and guide a 22-hole drill program that has already been permitted [3]. - Noble Plains aims to establish a resource estimate in accordance with National Instrument 43-101 standards at Shirley Central [3].