Ur‑Energy Inc. has entered into a data acquisition agreement with Noble Plains Uranium Corp. that gives the company access to a database of 1,211 drill holes on the Shirley Central Project in Wyoming, adjacent to Ur‑Energy’s planned Shirley Basin ISR facility.
Under the terms, Noble Plains will pay Ur‑Energy $125,000 in cash and issue 650,000 Canadian shares at $0.1358 per share, valuing the share issuance at roughly $88,000 CAD. The transaction makes Ur‑Energy a shareholder of Noble Plains, aligning interests for the Shirley Central development.
The database, which would cost more than $6 million to replicate, will be used to refine geological models and guide a 22‑hole drill program already permitted on the property. By leveraging existing data, Noble Plains can accelerate resource definition and potentially bring a NI 43‑101 compliant resource estimate to market.
The data is being transferred from Pathfinder Mines Corporation, a wholly owned subsidiary of Ur‑Energy, rather than directly from Ur‑Energy. This structure allows Ur‑Energy to monetize a non‑core asset while retaining operational focus on its Lost Creek and Shirley Basin projects.
Noble Plains CEO Drew Zimmerman said the acquisition “is exactly what our business model is built around, taking historically drilled uranium assets in great jurisdictions and accelerating them toward defined pounds in the ground.” He added that Ur‑Energy’s support and potential shareholding signal confidence in the Shirley Central opportunity.
The transaction does not affect Ur‑Energy’s production plans, which remain focused on bringing the Shirley Basin ISR facility online in Q1 2026 and doubling licensed production capacity. Instead, it provides a modest cash infusion and a strategic partnership that could enhance the value of Ur‑Energy’s remaining assets.
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