STOCK TITAN

Noble Plains Uranium Receives Drill Permit for Rapid Advancement of Shirley Central Project

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

Noble Plains Uranium (OTCQB: NBLXF) has secured a drill permit for a 22-hole confirmation drill program at its Shirley Central Project in Wyoming's Shirley Basin, just two months after acquiring the property option. The program will test six target zones to confirm historical mineralization and expedite development of an initial 43-101 resource estimate.

The project is strategically located between two major U.S. uranium developers: Ur-Energy and Uranium Energy Corp (UEC). The adjacent Ur-Energy Shirley Basin Project contains 8.816 million pounds U₃O₈ at 0.23% grade and is under construction. The Shirley Basin has historically produced over 52 million pounds of U₃O₈ at 0.22% average grade between 1960-1992. Drilling mobilization is expected in mid-September 2025.

Noble Plains Uranium (OTCQB: NBLXF) ha ottenuto il permesso di trivellazione per un programma di conferma con 22 fori presso il progetto Shirley Central nella Shirley Basin del Wyoming, a soli due mesi dall'acquisizione dell'opzione sulla proprietà. Il programma testerà sei zone target per confermare la mineralizzazione storica e accelerare lo sviluppo di una prima stima delle risorse secondo lo standard 43-101.

Il progetto è strategicamente posizionato tra due importanti sviluppatori di uranio statunitensi: Ur-Energy e Uranium Energy Corp (UEC). Il progetto adiacente Ur-Energy Shirley Basin contiene 8,816 milioni di libbre di U₃O₈ con un tenore dello 0,23% ed è in fase di costruzione. La Shirley Basin ha prodotto storicamente oltre 52 milioni di libbre di U₃O₈ con una media dello 0,22% tra il 1960 e il 1992. La mobilitazione per la trivellazione è prevista per metà settembre 2025.

Noble Plains Uranium (OTCQB: NBLXF) ha asegurado un permiso de perforación para un programa de confirmación de 22 pozos en su proyecto Shirley Central, ubicado en la cuenca Shirley del estado de Wyoming, apenas dos meses después de adquirir la opción de la propiedad. El programa evaluará seis zonas objetivo para confirmar la mineralización histórica y acelerar el desarrollo de una estimación inicial de recursos conforme al estándar 43-101.

El proyecto está estratégicamente ubicado entre dos importantes desarrolladores de uranio en EE.UU.: Ur-Energy y Uranium Energy Corp (UEC). El proyecto adyacente Ur-Energy Shirley Basin contiene 8.816 millones de libras de U₃O₈ con una ley del 0,23% y se encuentra en construcción. La cuenca Shirley ha producido históricamente más de 52 millones de libras de U₃O₈ con una ley promedio del 0,22% entre 1960 y 1992. Se espera la movilización para perforación a mediados de septiembre de 2025.

Noble Plains Uranium (OTCQB: NBLXF)는 와이오밍 주 셜리 분지에 위치한 셜리 센트럴 프로젝트에서 22공 확인 시추 프로그램을 위한 시추 허가를 확보했습니다. 이는 부동산 옵션을 취득한 지 불과 두 달 만의 일입니다. 이 프로그램은 여섯 개의 목표 구역을 시험하여 과거 광물화를 확인하고 초기 43-101 자원 추정 개발을 가속화할 예정입니다.

이 프로젝트는 미국의 두 주요 우라늄 개발업체인 Ur-EnergyUranium Energy Corp (UEC) 사이에 전략적으로 위치해 있습니다. 인접한 Ur-Energy의 셜리 분지 프로젝트에는 0.23% 등급의 881만 6천 파운드 U₃O₈가 포함되어 있으며 현재 건설 중입니다. 셜리 분지는 1960년부터 1992년 사이에 평균 등급 0.22%로 5,200만 파운드 이상의 U₃O₈를 생산한 바 있습니다. 시추 동원은 2025년 9월 중순에 예정되어 있습니다.

Noble Plains Uranium (OTCQB : NBLXF) a obtenu un permis de forage pour un programme de forage de confirmation de 22 trous sur son projet Shirley Central, situé dans le bassin de Shirley dans le Wyoming, seulement deux mois après avoir acquis l'option sur la propriété. Le programme testera six zones cibles afin de confirmer la minéralisation historique et d'accélérer le développement d'une première estimation des ressources selon la norme 43-101.

Le projet est stratégiquement situé entre deux grands développeurs d'uranium américains : Ur-Energy et Uranium Energy Corp (UEC). Le projet adjacent Ur-Energy Shirley Basin contient 8,816 millions de livres de U₃O₈ à une teneur de 0,23% et est en cours de construction. Le bassin de Shirley a historiquement produit plus de 52 millions de livres de U₃O₈ à une teneur moyenne de 0,22% entre 1960 et 1992. La mobilisation pour le forage est prévue pour mi-septembre 2025.

Noble Plains Uranium (OTCQB: NBLXF) hat eine Bohrgenehmigung für ein 22-Loch-Bestätigungsbohrprogramm auf seinem Shirley Central Projekt im Shirley Basin, Wyoming, erhalten – nur zwei Monate nach Erwerb der Optionsrechte an der Immobilie. Das Programm wird sechs Zielzonen testen, um historische Mineralisierung zu bestätigen und die Entwicklung einer ersten 43-101-Ressourcenschätzung zu beschleunigen.

Das Projekt liegt strategisch zwischen zwei großen US-amerikanischen Uranentwicklern: Ur-Energy und Uranium Energy Corp (UEC). Das angrenzende Ur-Energy Shirley Basin Projekt enthält 8,816 Millionen Pfund U₃O₈ mit 0,23% Gehalt und befindet sich im Bau. Das Shirley Basin hat historisch über 52 Millionen Pfund U₃O₈ mit einem durchschnittlichen Gehalt von 0,22% zwischen 1960 und 1992 produziert. Die Bohrmobilisierung ist für Mitte September 2025 geplant.

Positive
  • Strategic location between two major uranium developers (Ur-Energy and UEC)
  • Rapid permitting secured in just 2 months after property option
  • Historical high-density drilling data available with spacing as tight as 25m x 25m
  • Project located in Wyoming, the top uranium-producing state with streamlined ISR permitting
  • Property amenable to low-impact, cost-effective ISR mining method
Negative
  • No current 43-101 compliant resource estimate
  • Historical data requires modern confirmation drilling
  • Project still in early exploration phase

Vancouver, British Columbia--(Newsfile Corp. - August 7, 2025) - Noble Plains Uranium Corp. (TSXV: NOBL) (OTCQB: NBLXF) (FSE: INE0) ("Noble Plains" or the "Company") is pleased to announce that it has received a drill permit for a 22-hole confirmation drill program at its Shirley Central Project in Wyoming's Shirley Basin - just two months after securing the option on the property. The rapid permitting reflects the Company's focused approach to advance high-potential brownfield uranium assets in premier U.S. jurisdictions.

The permitted drill program will test six target zones (shown below in figure 1) identified through historical drill density and aerial mapping, with the goal of confirming historical mineralization and fast-tracking the project toward an initial 43-101 resource estimate. Mobilization for drilling is expected in mid-September.

"This shows the execution of our strategy, move quickly, focusing on the premier basins, and advance projects with a clear path to building uranium pounds in the ground," said Drew Zimmerman, President of Noble Plains Uranium. "The speed at which we've moved from acquisition to planned and permitted drilling at Shirley Central shows our team's ability to act decisively to build value for shareholders."

Cannot view this image? Visit: https://images.newsfilecorp.com/files/3717/261622_ece336fa841c8a5d_001.jpg

Figure 1: Shirley Central Property Drill Target Areas

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3717/261622_ece336fa841c8a5d_001full.jpg

In the Heart of a Growing Production Hub

The Shirley Central Project sits at the core of a resurging uranium district and is surrounded by two of the most active U.S. developers: Ur-Energy Inc. and Uranium Energy Corp. (UEC). Several of Noble Plains' claims lie directly within Ur-Energy's permit boundary, while others are encircled by UEC's land package, placing the Company in the middle of a rapidly advancing production corridor.

Ur-Energy's adjacent Shirley Basin Project currently hosts a 43-101 compliant Measured and Indicated resource of 8.816 million pounds U₃O₈ at an average grade of 0.23%¹ and is under construction²—further validating the regional potential.

"This land was historically drilled with purpose, the high-density drilling was positioned between known producing pits," said Paul Cowley, CEO of Noble Plains. "That kind of geological footprint allows us to step in with targeted confirmation drilling and accelerate the path toward a compliant resource. It's an efficient and technically sound approach to unlocking value."

High-Confidence Targets from Historic Data

The Company's 22-hole program will focus on six discrete high-density drill zones originally outlined by legacy operators, including Kerr-McGee. These zones feature drill spacings as tight as 25m x 25m, a pattern indicative of focused resource delineation efforts. This historical groundwork offers Noble Plains a cost-effective, low risk starting point for modern resource definition.

Drilling will be carried out by a Wyoming-based contractor, with logistics and mobilization scheduled for mid-September.

This program represents a key milestone in Noble Plains' strategy to build out a pipeline of ISR-amenable uranium projects in infrastructure-ready U.S. basins, backed by historical data and modern exploration.

Shirley Basin

The Shirley Basin has produced more than 52 million pounds of U₃O₈ at an average grade of 0.22% between 1960 and 1992-over three times the current U.S. average. As part of Wyoming, the top uranium-producing state in the U.S. and an NRC Agreement State, the Basin benefits from a streamlined permitting environment and longstanding regulatory support for in-situ recovery (ISR) operations.

With ISR now the dominant mining method in Wyoming, Noble Plains' newly optioned claims offer exceptional leverage to modern, low-impact development methods. ISR provides lower capital intensity, minimal surface disturbance, and no tailings, aligning with the Company's commitment to environmentally responsible exploration.

Updated Initial Assessment Technical Report Summary on Shirley Basin ISR Uranium Project, Carbon County Wyoming, USA dated March 4, 2024 and prepared by Western Water Consultants, Inc.
2 Ur-Energy Announces Decision to Build Out Shirley Basin Mine: Press Release dated March 13, 2024

On Behalf of the Board of Directors,

"Paul Cowley", CEO
"Drew Zimmerman", President

For further information, please contact: Drew Zimmerman: (778) 686-0973
Website: www.nobleplains.com

Bradley Parkes, P.Geo., VP Exploration and Director of Noble Plains Uranium Corp., is the Qualified Person as defined in National Instrument 43-101, who has read and approved the technical content of this news release.

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. 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/261622

FAQ

What is the size of Noble Plains Uranium's planned drill program at Shirley Central?

Noble Plains has received permits for a 22-hole confirmation drill program targeting six distinct zones at the Shirley Central Project.

When will NBLXF begin drilling at the Shirley Central Project?

Noble Plains Uranium plans to begin drilling mobilization in mid-September 2025 using a Wyoming-based contractor.

How much uranium has the Shirley Basin historically produced?

The Shirley Basin produced over 52 million pounds of U₃O₈ at an average grade of 0.22% between 1960 and 1992, which is three times the current U.S. average.

What is the resource size of Ur-Energy's adjacent Shirley Basin Project?

Ur-Energy's adjacent project has a Measured and Indicated resource of 8.816 million pounds U₃O₈ at an average grade of 0.23% and is currently under construction.

What mining method will Noble Plains use at Shirley Central?

Noble Plains plans to use in-situ recovery (ISR) mining, which offers lower capital intensity, minimal surface disturbance, and no tailings.
Noble Plains Uranium Corp

OTC:NBLXF

NBLXF Rankings

NBLXF Latest News

NBLXF Stock Data

4.59M
53.25M
3.81%
Uranium
Energy
Link
Canada
Vancouver