Noble Plains Uranium Secures Key Drill Data for Shirley Central Project in Wyoming

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

Noble Plains Uranium has completed an agreement with Pathfinder Mines, a subsidiary of Ur-Energy, to acquire a historical drill database covering 1,211 holes on its Shirley Central uranium project in Wyoming’s past-producing Shirley Basin, a dataset the company estimates would cost more than US$6 million and several years of work to replicate. The newly obtained lithologic and geophysical data will be used immediately to refine geological models, guide a 22-hole drill program already permitted, and support work toward a NI 43-101-compliant resource estimate, while the transaction also brings Ur-Energy in as a significant shareholder and further entrenches Noble Plains in a strategic position between Ur-Energy’s under-construction ISR project and adjacent ground held by Uranium Energy Corp. Under the deal, Noble Plains will pay US$125,000 in cash and issue C$650,000 in shares, with additional contingent payments tied to any future mineral resource or reserve report, a structure that aligns incentives as the company seeks to accelerate resource definition and enhance its standing among leading U.S. uranium developers.

More about Indigo Exploration

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

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Current Market Cap: C$9.06M

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