Eagle Nuclear Energy Signs Binding LOI to Acquire Noble Plains Uranium
Key Highlights
- ➤Eagle Nuclear Energy (NUCL) signs binding LOI to acquire Noble Plains in all-stock transaction
- ➤CAD $0.125 per Noble Plains share implies approximately 92% premium
- ➤Duck Creek resource totals 5.32M indicated and 1.04M inferred U₃O₈ pounds
- ➤Existing Eagle stockholders expected to own 95.22% after closing
- ➤Noble Plains’ Duck Creek option requires payments and share issuances assumed by Eagle
Expert Statements
Mark Mukhija, CEO of Eagle Nuclear Energy
“This transaction gives Eagle greater scale at a time when demand for U.S. uranium is growing.”
Mark Mukhija, CEO of Eagle Nuclear Energy
“Noble Plains adds established resources in Wyoming and strengthens our portfolio with favorable ISR geology.”
Mark Mukhija, CEO of Eagle Nuclear Energy
“We believe we can move these assets forward efficiently while we continue to work towards development of an integrated nuclear energy platform combining domestic uranium resources with advanced SMR technology.”
Drew Zimmerman, CEO of Noble Plains
“We’ve proven we can acquire uranium assets with historical data, move them forward quickly and add value without having to recreate decades of work.”
Drew Zimmerman, CEO of Noble Plains
“Combining with Eagle gives us more scale and the capital to keep executing that strategy.”
Drew Zimmerman, CEO of Noble Plains
“We have a strong resource at Duck Creek, more opportunity across the portfolio and existing uranium infrastructure all around us.”
Drew Zimmerman, CEO of Noble Plains
“Today’s announcement is a significant inflection point in the development of our assets and we look forward to further building alongside the team at Eagle.”
RENO, Nev., Nov. 04, 2026 (GLOBE NEWSWIRE) -- Eagle Nuclear Energy Corp. (“Eagle” or the “Company”) (NASDAQ: NUCL), a next-generation nuclear energy company, today announced that it has signed a binding Letter of Intent (LOI) to acquire 100% of Noble Plains Uranium Corp. (TSX-V: NOBL, OTCQB: NBLXF, FSE: INE0) (“Noble Plains”) in an all-stock transaction, subject to the negotiation and execution of a definitive agreement and customary closing conditions.
Noble Plains is a U.S.-focused uranium exploration and development company advancing two In-Situ Recovery (ISR)-amenable projects strategically located within two of the country’s most prolific uranium districts in Wyoming. ISR provides the most capital-efficient and environmentally responsible method of uranium extraction, while also offering faster development times and lower capital intensity than conventional mining. Noble Plains’ ISR portfolio combines brownfield projects covering ~5,965 acres of demonstrated ISR geology in close proximity to established operators.
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