Noble Plains Uranium Completes Agreement to Acquire Drill Data on Shirley Central Project in Wyoming

Core Viewpoint - Noble Plains Uranium Corp. has successfully completed a data acquisition agreement with Pathfinder Mines Corporation to obtain a historical database of 1,211 drill holes from the Shirley Central Project in Wyoming, which is expected to significantly enhance the company's exploration efforts and resource estimation capabilities [1][2][3]. Data Acquisition and Economic Value - The acquired dataset includes lithologic logs, geophysical results, and historical interpretations, which would cost over US$6 million to replicate today, highlighting the economic and time-saving benefits of this transaction [2]. - The company will pay US$125,000 in cash and issue C$650,000 in common shares, totaling 4,786,451 shares, to complete the acquisition [6]. Strategic Importance of Shirley Central Project - Shirley Central consists of 30 unpatented mineral claims covering 665 acres, strategically located adjacent to Ur-Energy's Shirley Basin ISR Project, which has a compliant resource of 8.816 million pounds of U₃O₈ at 0.23% and is set to begin production in 2026 [5]. - The project is positioned between two active U.S. uranium developers, enhancing its strategic significance [5]. Immediate Application of Data - The historical dataset will be utilized to refine geological modeling and guide the company's 22-hole drill program, which is already permitted [3]. - The company aims to validate historical results and establish a resource estimate in accordance with National Instrument 43-101 standards [3]. Shareholder Dynamics - Ur-Energy has become a new shareholder of Noble Plains, aligning both companies in advancing the Shirley Central Project [6][4].