Noble Plains Uranium Secures Extensive Historic Drill Data for Wyoming Project, Adds Ur-Energy as Shareholder

Indigo Exploration ( (TSE:NOBL) ) has issued an announcement.

Noble Plains Uranium has struck a data acquisition deal with Ur-Energy subsidiary Pathfinder Mines to obtain a historical database covering 1,211 drill holes on its Shirley Central uranium project in Wyoming’s past-producing Shirley Basin. The package, which includes lithologic logs, geophysical data and prior interpretations from multiple operators and is estimated to cost more than US$6 million to replicate today, will be used immediately to refine geological models and support a 22-hole drill program already permitted, with the aim of establishing a NI 43-101-compliant resource at the project. Located between Ur-Energy’s under-construction Shirley Basin in-situ recovery operation and ground held by Uranium Energy Corp., Shirley Central sits in one of the most active U.S. uranium districts, and the transaction also brings Ur-Energy in as a significant shareholder through cash-and-share compensation and additional contingent payments tied to future resource reporting, further aligning the companies on advancing the project.

More about Indigo Exploration

Noble Plains Uranium Corp. is a U.S.-focused uranium exploration and development company advancing a portfolio of projects suitable for in-situ recovery, a capital-efficient and environmentally oriented uranium extraction method. The company’s strategy centers on historically drilled and underexplored assets in established jurisdictions, with the goal of rapidly defining NI 43-101-compliant resources and building a scalable inventory of domestic uranium.

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Technical Sentiment Signal: Buy

Current Market Cap: C$7.93M

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