Noble Plains Uranium Expands Shirley East Project in Wyoming
Rhea-AI Summary
Noble Plains Uranium (OTCQB: NBLXF) has expanded its Shirley East Project in Wyoming's Shirley Basin through the staking of 16 new mineral claims covering 320 acres. The newly staked claims are strategically positioned adjacent to Uranium Energy Corp (UEC) properties and are supported by historical data showing over 174 drillholes from the 1980s indicating zones of higher uranium mineralization.
The expansion strengthens Noble Plains' position in the Shirley Basin, which historically produced over 51 million pounds of uranium between 1960 and 1992. The company's holdings now include both Shirley Central and the expanded Shirley East project, with field programs and permitting in progress for planned drilling in 2025.
Positive
- Strategic expansion adjacent to major uranium player UEC
- Historical data shows 174 drillholes indicating higher mineralization zones
- Location in proven Shirley Basin with 51M pounds historical uranium production
- Planned drilling programs for 2025 already in progress
Negative
- No current resource estimates or proven reserves mentioned
- Exploration and drilling results pending until 2025
News Market Reaction – NBLXF
On the day this news was published, NBLXF gained 36.55%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - July 23, 2025) - Noble Plains Uranium Corp. (TSXV: NOBL) (OTCQB: NBLXF) (FSE: INE0) ("Noble Plains" or the "Company") is pleased to announce that it has staked an additional 16 mineral claims covering approximately 320 acres on the eastern side of its existing Shirley East Project in Wyoming's Shirley Basin.
This strategic expansion increases Noble Plains' footprint in one of the most historically productive and actively resurging uranium districts in the United States. The newly staked claims are located directly adjacent to lands held by Uranium Energy Corp (UEC) and are underpinned by historical aerial data showing over 174 drillholes. The tight clusters of past drilling activity—strongly correlated with zones of higher uranium mineralization in the 1980's, are the key target areas of the newly staked projects.
"This staking expands our presence in a district that has already proven its value," said Paul Cowley, CEO of Noble Plains Uranium. "We identified this area through historical aerial datasets that revealed concentrated legacy drill patterns. These patterns are closely associated with higher mineralized zones and staking these claims allows us to consolidate a highly prospective area next to a major uranium player."
Figure 1 - Newly Staked claims with Historical Drill hole locations
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3717/259755_d8f99cc534e0494b_002full.jpg
The Shirley Basin produced over 51 million pounds of uranium between 1960 and 1992 and is now seeing a resurgence in development and investment. By extending the Company's existing project area, Noble Plains not only strengthens its land position but also unlocks exploration efficiencies—leveraging permitting, logistics, and future resource delineation across a broader claim package.
This expansion is consistent with the Company's focused strategy: to build a pipeline of uranium pounds in the ground by targeting brownfield and historically mineralized projects in top-tier U.S. jurisdictions with ISR (In-Situ Recovery) potential.
Noble Plains' Shirley Basin holdings now include the Shirley Central and the expanded Shirley East project growing the companies footprint with both near-term drill targets and long-term growth potential. The Company is actively advancing multiple properties across Wyoming's Powder River and Shirley basins, with field programs and permitting underway for planned drilling in 2025.
On Behalf of the Board of Directors,
"Paul Cowley", CEO
"Drew Zimmerman", President
For further information, please contact: Drew Zimmerman at (778) 686-0973
Website: www.nobleplains.com
This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results including the Company's ability to strengthen market engagement and build long-term shareholder value and the anticipated enhancement of governance and strategic capabilities through the appointment of Ms. Meleger. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259755
FAQ
What is the size of Noble Plains Uranium's (NBLXF) new land acquisition in Wyoming?
How much uranium was historically produced in the Shirley Basin where NBLXF is expanding?
When does Noble Plains Uranium (NBLXF) plan to begin drilling at the Shirley Basin project?
What historical data supports Noble Plains Uranium's expansion in the Shirley Basin?
Who are Noble Plains Uranium's neighboring companies in the Shirley Basin project?
